According to Technavio analysis, the risk of text messages being intercepted or redirected to unknown numbers is high. In addition, some of the phones display the messages on-screen, even when the device is locked, thereby enabling an attacker or any person with physical access to the device to read the message. So, in order to combat this issue, several standards have been introduced in the market. For

instance, in 2016, the National Institute of Standards and Technology (NIST), the federal agency which sets up official guidelines for technology standards and measurement regulations, released a new draft of its digital authentication guideline section 5.1.3.2 that states that OOB (Out of band) using SMS two-factor authentication will not be used in future.Technavio believes that in next two years Dai Nippon Printing (DNP) and its cloud solution will become more competent by integrating with a biometric solution, OTP(one-time password) and OOB (out of band) technologies. In July 2016, Gemalto announced to deliver its Ezio Mobile Suite to Dai Nippon Printing (DNP), a financial solution provider in Tokyo, Japan. This will help DNP to secure internet banking and mobile payments as well as offer a strong and scalable cloud-based authentication platform with the support of a wide variety of authentication and transaction signing methods.

PART 01: Executive summary 5

Key findings 5

PART 02: Scope of the report 7

Market overview 7

PART 03: Market research methodology 9

Research methodology 9

Economic indicators 9

PART 04: Introduction 10

Key market highlights 10

PART 05: Market landscape 12

Market overview 12

PART 06: Market developments 14

Emergence of SSO option 14

Adoption of digital wallets 14

Increase in M&A 14

PART 07: Authentication techniques 16

Comparison of authentication techniques 16

PART 08: Market size and forecast 17

Global phone-based authentication market 17

PART 09: Product life cycle 19

Product life cycle: Global phone-based authentication

market 19

PART 10: Market segmentation by end users 21

Global phone-based authentication market in BFSI

sector 21

Global phone-based authentication market in PCI

sector 22

Global phone-based authentication market in

government sector 23

PART 11: Geographical segmentation 25

Market segmentation by geography 25

Phone-based authentication market in the Americas 26

Phone-based authentication market in EMEA 27

Phone-based authentication market in APAC 28

PART 12: Market drivers 30

Adherence to compliance mandates 30

Rise in use of phone-based authentication by

enterprises 31

Increase in volume of online transactions 31

PART 13: Impact of drivers 33

PART 14: Market challenges 34

Poor telecom infrastructure in developing nations 34

Change in policy with regards to OOB using SMS 34

PART 15: Impact of drivers and challenges 35

PART 16: Market trends 36

High adoption of phone-based authentication solutions in

healthcare and retail sectors 36

High popularity of SMS OTP 36

Growing acceptance of voice biometrics 37

PART 17: Impact of trends 38

Impact of trends 38

PART 18: Buying criteria 39

Buying criteria 39

PART 19: Five forces analysis 41

Five forces analysis 41

PART 20: Vendor landscape 42

Competitive scenario 42

Vendor matrix 43

PART 21: Key vendor profiles 44

CA Technologies 44

Gemalto 47

Symantec 48

Vasco 49

Other prominent vendors 49

PART 22: Assumptions 52

PART 23: Appendix 54

List of abbreviation 54

PART 24: Explore Technavio 55