The global Out-Of-Band (OOB) Authentication Market is estimated to be valued at US$553.45 million in 2020 and is expected to exhibit a CAGR of 22.8% over the forecast period 2021 to 2030, as highlighted in a new report published by Coherent Market Insights.
The Out-of-Band Authentication market provides a strong and secure approach to verify user identities in various applications and industries. It ensures an additional layer of security by validating transactions or logins through an independent out-of-band channel, such as SMS, phone calls, or mobile apps. This market is witnessing significant adoption due to the increasing need for advanced security measures and protecting sensitive data from cyber threats.
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Bharat Book Bureau provides the report, on “Global Out of Band Authentication Software Market ”. https://www.bharatbook.com/information-technology-market-research-reports-546309/global-out-band-authentication-software.html This report the growth prospects of the global OOB authentication software market.
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Global Out-of-band (OOB) Authentication Market size is expected to reach $1.0 billion by 2023, rising at a market growth of 22.1% CAGR during the forecast period. Full report: https://kbvresearch.com/out-of-band-oob-authentication-market/
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According to the report, one of the main drivers of the market is an increase in advanced and complex threats. An increase in the use of the internet and Wi-Fi access has led to the development of various viruses. As a result, cyber-attacks have also increased with the increased advances in technology. Thus, organizations use OOB authentication solutions to reduce attacks on the important financial data of customers. Buy a copy of report @ http://www.reportsnreports.com/Purchase.aspx?name=313477.