| Product Code: ETC4389821 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The United Arab Emirates (UAE) Out of Band Authentication market is on the rise, driven by the need for secure and reliable authentication methods. Out of Band Authentication is essential for verifying the identity of users and ensuring the security of sensitive transactions. In the UAE, where online and mobile banking, as well as e-commerce, are prevalent, the demand for strong authentication solutions is increasing. Organizations are adopting Out of Band Authentication methods that utilize multiple channels and devices to confirm user identities. The market is witnessing innovation in biometric authentication, token-based authentication, and other advanced techniques, as security-conscious companies in the UAE aim to safeguard their digital operations and customer data.
The Out of Band Authentication Market in the UAE is being driven by the increasing need for enhanced security in digital transactions and remote access. With the rapid growth of online banking, e-commerce, and mobile applications, the vulnerability to cyberattacks and fraud has risen significantly. Out of band authentication offers an additional layer of security by using separate channels to verify user identity, such as sending one-time passwords through SMS or email. The market is also boosted by the adoption of multifactor authentication (MFA) as a best practice in cybersecurity. Enterprises and financial institutions in the UAE are increasingly implementing out of band authentication to protect sensitive data and ensure the integrity of digital transactions.
The Out of Band Authentication Market in the UAE encounters challenges in balancing security with user convenience. While multi-factor authentication adds an extra layer of security, there is a constant need to develop solutions that are user-friendly and do not hinder the user experience. Integrating out-of-band authentication seamlessly into various applications and systems is another challenge. Furthermore, staying ahead of evolving cyber threats and ensuring the reliability of authentication methods present ongoing challenges for market players.
The Out of Band Authentication market in the UAE experienced significant changes during the COVID-19 crisis. With the need for secure access and authentication methods, there was increased interest in out-of-band solutions. Companies adopted OOB authentication for added security in remote access, impacting market dynamics.
Shaping the Out of Band Authentication market in the UAE are major players such as RSA Security LLC (Dell Technologies), Symantec Corporation (Broadcom Inc.), and Cisco Systems, Inc. These key players offer out-of-band authentication solutions, enhancing the security of user access by leveraging multiple communication channels. Their commitment to secure access, multi-factor authentication, and adaptive authentication establishes them as key contributors to the Out of Band Authentication market in the UAE.
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 United Arab Emirates (UAE) Out of Band Authentication Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Out of Band Authentication Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Out of Band Authentication Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume Share, By Authentication Channel, 2021 & 2031F |
3.7 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.8 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 United Arab Emirates (UAE) Out of Band Authentication Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Out of Band Authentication Market Trends |
6 United Arab Emirates (UAE) Out of Band Authentication Market, By Types |
6.1 United Arab Emirates (UAE) Out of Band Authentication Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Solution (Hardware, Software), 2021-2031F |
6.1.4 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Service, 2021-2031F |
6.2 United Arab Emirates (UAE) Out of Band Authentication Market, By Authentication Channel |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By SMS, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Email, 2021-2031F |
6.2.4 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Push Notification Voice, 2021-2031F |
6.2.5 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Token-Based, 2021-2031F |
6.2.6 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Others, 2021-2031F |
6.3 United Arab Emirates (UAE) Out of Band Authentication Market, By Deployment Type |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By On-Premises, 2021-2031F |
6.3.3 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Cloud, 2021-2031F |
6.4 United Arab Emirates (UAE) Out of Band Authentication Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By SMEs, 2021-2031F |
6.4.3 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5 United Arab Emirates (UAE) Out of Band Authentication Market, By Vertical |
6.5.1 Overview and Analysis |
6.5.2 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Banking, Financial Services, and Insurance, 2021-2031F |
6.5.3 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Government and Defense, 2021-2031F |
6.5.4 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Retail, 2021-2031F |
6.5.5 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Healthcare, 2021-2031F |
6.5.6 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By IT and Telecom, 2021-2031F |
6.5.7 United Arab Emirates (UAE) Out of Band Authentication Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
7 United Arab Emirates (UAE) Out of Band Authentication Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Out of Band Authentication Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Out of Band Authentication Market Imports from Major Countries |
8 United Arab Emirates (UAE) Out of Band Authentication Market Key Performance Indicators |
9 United Arab Emirates (UAE) Out of Band Authentication Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Out of Band Authentication Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Out of Band Authentication Market Opportunity Assessment, By Authentication Channel, 2021 & 2031F |
9.3 United Arab Emirates (UAE) Out of Band Authentication Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
9.4 United Arab Emirates (UAE) Out of Band Authentication Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.5 United Arab Emirates (UAE) Out of Band Authentication Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 United Arab Emirates (UAE) Out of Band Authentication Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Out of Band Authentication Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Out of Band Authentication Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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