Global Out of Band Authentication Market to Reach $3.7 Billion by 2030
The global market for Out of Band Authentication estimated at US$1.3 Billion in the year 2023, is expected to reach US$3.7 Billion by 2030, growing at a CAGR of 15.5% over the period 2023-2030. Out of Band Authentication Solutions, one of the segments analyzed in the report, is expected to record 13.9% CAGR and reach US$2.3 Billion by the end of the analysis period. Growth in the Out of Band Authentication Services segment is estimated at 18.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $352.7 Million, While China is Forecast to Grow at 20.2% CAGR
The Out of Band Authentication market in the U.S. is estimated at US$352.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$915 Million by the year 2030 trailing a CAGR of 20.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.8% and 13.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.
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