India Out of Band Authentication Market (2025-2031) Outlook | Forecast, Size, Trends, Value, Revenue, Share, Industry, Growth, Companies & Analysis

Name: India Out of Band Authentication Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
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Market Forecast By Component (Solution (Hardware, Software), Service), By Authentication Channel (SMS, Email, Push Notification Voice, Token-Based, Others), By Deployment Type (On-Premises, Cloud), By Organization Size ( SMEs, Large Enterprises), By Vertical (Banking, Financial Services, and Insurance, Government and Defense, Retail, Healthcare, IT and Telecom, Energy and Utilities, Others (Manufacturing, Travel and Hospitality, Education, and Media and Entertainment)) And Competitive Landscape

Product Code: ETC4389805	Publication Date: Jul 2023	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

India Out Of Band Authentication Market Import Shipment Trend (2020-2024)

The India out of band authentication market imports exhibited a modest compound annual growth rate of 1.5% from 2020 to 2024. However, there was a notable decline in growth momentum between 2023 and 2024, with a decrease of 7.9%. This indicates a potential slowdown in market expansion towards the end of the period.

Graph Showing India out of band authentication market Shipment Trend & Volume from 2020-2024

India Out of Band Authentication Market Overview

Out of Band Authentication (OOBA) is gaining prominence in India cybersecurity landscape as a reliable method for securing sensitive data and transactions. This market involves using multiple channels to authenticate users and ensure the security of transactions, especially in the digital and mobile banking sectors. OOBA solutions are becoming increasingly essential as cyber threats continue to evolve. The India market is witnessing the adoption of multi-factor authentication methods, including mobile apps, SMS, and biometrics, to enhance security. The OOBA market is driven by the need to protect online and mobile transactions from unauthorized access and fraudulent activities, making it a significant component of India cybersecurity infrastructure.

Drivers of the Market

The India Out-of-Band Authentication Market is thriving as organizations look for robust solutions to enhance the security of online transactions. Out-of-band authentication provides an extra layer of security by verifying transactions through a separate, independent channel, such as a mobile app or SMS. With the increasing volume of online transactions and the rise of mobile banking, out-of-band authentication is gaining prominence as a reliable way to protect against fraud and cyber threats.

Challenges of the Market

The challenge in the out-of-band authentication market is ensuring that the additional authentication factor remains secure and cannot be easily compromised. Developing and implementing secure out-of-band authentication methods, such as using a separate communication channel, requires careful planning and protection against attacks aimed at intercepting authentication data.

COVID-19 Impact on the Market

The COVID-19 pandemic highlighted the importance of out-of-band authentication in India. With the increased reliance on digital channels for communication and transactions, businesses sought robust authentication methods to protect sensitive data and prevent unauthorized access. The market for out-of-band authentication solutions expanded as organizations prioritized secure and multi-factor authentication to safeguard their online interactions.

Key Players in the Market

In the India Out of Band Authentication market, several key players have established a strong presence, offering solutions that enhance security in the digital realm. Notable companies in this sector include RSA Security LLC, Symantec Corporation, IBM Corporation, and Gemalto (a Thales company). These companies provide robust out-of-band authentication methods to safeguard online transactions, user access, and sensitive data, helping organizations protect themselves from unauthorized access and fraudulent activities in the evolving digital landscape.

Key Highlights of the Report:

India Out of Band Authentication Market Outlook
Market Size of India Out of Band Authentication Market, 2024
Forecast of India Out of Band Authentication Market, 2031
Historical Data and Forecast of India Out of Band Authentication Revenues & Volume for the Period 2021-2031
India Out of Band Authentication Market Trend Evolution
India Out of Band Authentication Market Drivers and Challenges
India Out of Band Authentication Price Trends
India Out of Band Authentication Porter's Five Forces
India Out of Band Authentication Industry Life Cycle
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Component for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Solution (Hardware, Software) for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Service for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Authentication Channel for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By SMS for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Email for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Push Notification Voice for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Token-Based for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Deployment Type for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By On-Premises for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Cloud for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Organization Size for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By SMEs for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Large Enterprises for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Vertical for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Banking, Financial Services, and Insurance for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Government and Defense for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Retail for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Healthcare for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By IT and Telecom for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Energy and Utilities for the Period 2021-2031
Historical Data and Forecast of India Out of Band Authentication Market Revenues & Volume By Others (Manufacturing, Travel and Hospitality, Education, and Media and Entertainment) for the Period 2021-2031
India Out of Band Authentication Import Export Trade Statistics
Market Opportunity Assessment By Component
Market Opportunity Assessment By Authentication Channel
Market Opportunity Assessment By Deployment Type
Market Opportunity Assessment By Organization Size
Market Opportunity Assessment By Vertical
India Out of Band Authentication Top Companies Market Share
India Out of Band Authentication Competitive Benchmarking By Technical and Operational Parameters
India Out of Band Authentication Company Profiles
India Out of Band Authentication Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Out of Band Authentication Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Out of Band Authentication Market Revenues & Volume, 2021 & 2031F

3.3 India Out of Band Authentication Market - Industry Life Cycle

3.4 India Out of Band Authentication Market - Porter's Five Forces

3.5 India Out of Band Authentication Market Revenues & Volume Share, By Component, 2021 & 2031F

3.6 India Out of Band Authentication Market Revenues & Volume Share, By Authentication Channel, 2021 & 2031F

3.7 India Out of Band Authentication Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F

3.8 India Out of Band Authentication Market Revenues & Volume Share, By Organization Size, 2021 & 2031F

3.9 India Out of Band Authentication Market Revenues & Volume Share, By Vertical, 2021 & 2031F

4 India Out of Band Authentication Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing instances of cyber threats and frauds in India

4.2.2 Rising adoption of online banking and e-commerce in the country

4.2.3 Growing awareness about the importance of data security and privacy

4.3 Market Restraints

4.3.1 Lack of standardized regulations and guidelines for out of band authentication

4.3.2 High initial implementation costs for businesses

4.3.3 Resistance to change from traditional authentication methods

5 India Out of Band Authentication Market Trends

6 India Out of Band Authentication Market, By Types

6.1 India Out of Band Authentication Market, By Component

6.1.1 Overview and Analysis

6.1.2 India Out of Band Authentication Market Revenues & Volume, By Component, 2021-2031F

6.1.3 India Out of Band Authentication Market Revenues & Volume, By Solution (Hardware, Software), 2021-2031F

6.1.4 India Out of Band Authentication Market Revenues & Volume, By Service, 2021-2031F

6.2 India Out of Band Authentication Market, By Authentication Channel

6.2.1 Overview and Analysis

6.2.2 India Out of Band Authentication Market Revenues & Volume, By SMS, 2021-2031F

6.2.3 India Out of Band Authentication Market Revenues & Volume, By Email, 2021-2031F

6.2.4 India Out of Band Authentication Market Revenues & Volume, By Push Notification Voice, 2021-2031F

6.2.5 India Out of Band Authentication Market Revenues & Volume, By Token-Based, 2021-2031F

6.2.6 India Out of Band Authentication Market Revenues & Volume, By Others, 2021-2031F

6.3 India Out of Band Authentication Market, By Deployment Type

6.3.1 Overview and Analysis

6.3.2 India Out of Band Authentication Market Revenues & Volume, By On-Premises, 2021-2031F

6.3.3 India Out of Band Authentication Market Revenues & Volume, By Cloud, 2021-2031F

6.4 India Out of Band Authentication Market, By Organization Size

6.4.1 Overview and Analysis

6.4.2 India Out of Band Authentication Market Revenues & Volume, By SMEs, 2021-2031F

6.4.3 India Out of Band Authentication Market Revenues & Volume, By Large Enterprises, 2021-2031F

6.5 India Out of Band Authentication Market, By Vertical

6.5.1 Overview and Analysis

6.5.2 India Out of Band Authentication Market Revenues & Volume, By Banking, Financial Services, and Insurance, 2021-2031F

6.5.3 India Out of Band Authentication Market Revenues & Volume, By Government and Defense, 2021-2031F

6.5.4 India Out of Band Authentication Market Revenues & Volume, By Retail, 2021-2031F

6.5.5 India Out of Band Authentication Market Revenues & Volume, By Healthcare, 2021-2031F

6.5.6 India Out of Band Authentication Market Revenues & Volume, By IT and Telecom, 2021-2031F

6.5.7 India Out of Band Authentication Market Revenues & Volume, By Energy and Utilities, 2021-2031F

7 India Out of Band Authentication Market Import-Export Trade Statistics

7.1 India Out of Band Authentication Market Export to Major Countries

7.2 India Out of Band Authentication Market Imports from Major Countries

8 India Out of Band Authentication Market Key Performance Indicators

8.1 Percentage increase in the number of reported cyber incidents in India

8.2 Adoption rate of two-factor authentication solutions in key industries

8.3 Number of data breaches prevented through out of band authentication implementation

8.4 Average time taken to authenticate a user using out of band methods

8.5 Customer satisfaction scores related to the security measures implemented by businesses

9 India Out of Band Authentication Market - Opportunity Assessment

9.1 India Out of Band Authentication Market Opportunity Assessment, By Component, 2021 & 2031F

9.2 India Out of Band Authentication Market Opportunity Assessment, By Authentication Channel, 2021 & 2031F

9.3 India Out of Band Authentication Market Opportunity Assessment, By Deployment Type, 2021 & 2031F

9.4 India Out of Band Authentication Market Opportunity Assessment, By Organization Size, 2021 & 2031F

9.5 India Out of Band Authentication Market Opportunity Assessment, By Vertical, 2021 & 2031F

10 India Out of Band Authentication Market - Competitive Landscape

10.1 India Out of Band Authentication Market Revenue Share, By Companies, 2024

10.2 India Out of Band Authentication Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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North America Out of Band Authentication Market

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By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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