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Global SMS One Time Password (OTP) Service Market Research Report 2025

Published Date: September 2025

Report Code: QYRE-Auto-16B16405

Global SMS One Time Password OTP Service Market Research Report 2024

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Global SMS One Time Password (OTP) Service Market Research Report 2025

Code: QYRE-Auto-16B16405

Report

September 2025

Pages:113

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DESCRIPTION

TABLE OF CONTENT

TABLES & FIGURES

SMS One Time Password (OTP) Service Market Size

The global market for SMS One Time Password (OTP) Service was valued at US$ 4746 million in the year 2024 and is projected to reach a revised size of US$ 7088 million by 2031, growing at a CAGR of 5.8% during the forecast period.

SMS One Time Password (OTP) Service Market

SMS One Time Password (OTP) Service is a digital security and authentication solution that delivers a unique, temporary passcode to a user’s mobile phone via text message (SMS). The code, typically valid for a short period of time and for a single login or transaction, serves as a second layer of verification beyond a traditional username and password. By requiring users to enter the received OTP, the service ensures that only the authorized person with access to the registered mobile number can complete an authentication process, confirm a transaction, or gain entry into a secure system.

This service is widely used in banking, e-commerce, government portals, healthcare systems, and enterprise applications to prevent unauthorized access, reduce fraud, and comply with security regulations. It is valued for its simplicity, user familiarity, and broad reach, since it relies on the standard SMS network rather than requiring specialized applications. However, because SMS OTPs can be susceptible to interception or SIM-swap fraud, they are often deployed as part of a broader multi-factor authentication (MFA) strategy to balance convenience with strong security.

In the current digital landscape, SMS One Time Password (OTP) services hold a significant position in the realm of user authentication. Their widespread adoption across various industries can be attributed to their simplicity and relative accessibility.

For years, SMS OTPs have been a go - to for online security. They have been particularly prevalent in the banking and financial sectors. When customers log in to their online banking portals, initiate money transfers, or perform other sensitive transactions, SMS OTPs provide an extra layer of security. For example, in e - commerce, during the checkout process for high - value purchases, a customer is often sent an OTP to their registered mobile number. This ensures that even if a malicious actor has obtained a user's login credentials, they still cannot complete the transaction without access to the user's mobile device.

The growth of mobile penetration globally has been a major driver for the SMS OTP service market. With nearly everyone owning a mobile phone, sending OTPs via SMS has become a convenient way for service providers to reach their users. Social media platforms also rely on SMS OTPs for password resets and two - factor authentication. If a user forgets their password, the platform can send an OTP to their registered mobile number, allowing them to regain access to their account in a secure manner.

However, the SMS OTP service market is not without its challenges. Security concerns have been on the rise. Phishing attacks have become increasingly sophisticated, with fraudsters finding ways to trick users into revealing their OTPs. In addition, SIM - swapping attacks, where criminals gain control of a user's mobile number by convincing the mobile carrier to transfer the number to a SIM card they control, have also posed a threat to the security of SMS OTPs. These security vulnerabilities have led some organizations, especially in regions with strict regulatory requirements, to start exploring alternative authentication methods.

Looking towards the future, the SMS OTP service market is likely to experience several significant trends. One of the most prominent trends will be the integration with other, more advanced authentication methods. For instance, SMS OTPs may be used in conjunction with biometric authentication, such as fingerprint or facial recognition. This multi - factor authentication approach will provide a higher level of security. A user may first unlock their device using biometrics and then receive an SMS OTP for an additional layer of verification when accessing a particularly sensitive service.

Another trend is the improvement in security features within the SMS OTP service itself. Service providers will invest in technologies to encrypt the OTPs during transmission, making it harder for hackers to intercept and misuse them. Additionally, real - time fraud detection mechanisms will be incorporated. These systems can analyze patterns of OTP requests and usage. If an abnormal pattern is detected, such as a large number of OTP requests from a single IP address within a short period, the system can take preventive measures, like blocking further requests or alerting the user.

Furthermore, as more and more services move towards a passwordless future, SMS OTPs may evolve to play a different role. They could be used as a fallback authentication method. For example, in a scenario where a user's primary authentication method, such as a passkey stored on their device, fails, the system can send an SMS OTP as a backup to ensure the user can still access their account. This way, SMS OTP services can adapt to the changing technological landscape and continue to be relevant in the broader context of digital security.

In conclusion, while SMS OTP services currently play a crucial role in digital authentication, they face challenges that will drive innovation and evolution in the coming years. The future will likely see them integrated with other security measures, enhanced with better security features, and adapted to new authentication paradigms.

This report aims to provide a comprehensive presentation of the global market for SMS One Time Password (OTP) Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding SMS One Time Password (OTP) Service.

The SMS One Time Password (OTP) Service market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global SMS One Time Password (OTP) Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the SMS One Time Password (OTP) Service companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Scope of SMS One Time Password (OTP) Service Market Report

Report Metric	Details
Report Name	SMS One Time Password (OTP) Service Market
Accounted market size in year	US$ 4746 million
Forecasted market size in 2031	US$ 7088 million
CAGR	5.8%
Base Year	year
Forecasted years	2025 - 2031
Segment by Type	Time-based OTP（TOTP） Hash-based OTP（HOTP）
Segment by Application	Banking and Financial E-commerce Social Media and Online Platforms Government Education and E-learning Online Gaming and Entertainment Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	SMSCountry, Exotel, 2Factor, TeleSign, Authkey, AuthX, Smstools, SMSGlobal, SMS Works, Static King, ShoutOut, RingCaptcha, Textlocal, OneLogin, ClickSend, D7 Networks, Nettyfish, Fast2SMS, MessageWhiz, MailerSend, MessageCloud, 8x8, Sinch, Infobip, Vonage, MessageBird
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of SMS One Time Password (OTP) Service company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

FAQ for this report

How fast is SMS One Time Password (OTP) Service Market growing?

Ans: The SMS One Time Password (OTP) Service Market witnessing a CAGR of 5.8% during the forecast period 2025-2031.

What is the SMS One Time Password (OTP) Service Market size in 2031?

Ans: The SMS One Time Password (OTP) Service Market size in 2031 will be US$ 7088 million.

Who are the main players in the SMS One Time Password (OTP) Service Market report?

Ans: The main players in the SMS One Time Password (OTP) Service Market are SMSCountry, Exotel, 2Factor, TeleSign, Authkey, AuthX, Smstools, SMSGlobal, SMS Works, Static King, ShoutOut, RingCaptcha, Textlocal, OneLogin, ClickSend, D7 Networks, Nettyfish, Fast2SMS, MessageWhiz, MailerSend, MessageCloud, 8x8, Sinch, Infobip, Vonage, MessageBird

What are the Application segmentation covered in the SMS One Time Password (OTP) Service Market report?

Ans: The Applications covered in the SMS One Time Password (OTP) Service Market report are Banking and Financial, E-commerce, Social Media and Online Platforms, Government, Education and E-learning, Online Gaming and Entertainment, Others

What are the Type segmentation covered in the SMS One Time Password (OTP) Service Market report?

Ans: The Types covered in the SMS One Time Password (OTP) Service Market report are Time-based OTP（TOTP）, Hash-based OTP（HOTP）

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global SMS One Time Password (OTP) Service Market Size Growth Rate by Type: 2020 VS 2024 VS 2031

1.2.2 Time-based OTP（TOTP）

1.2.3 Hash-based OTP（HOTP）

1.3 Market by Application

1.3.1 Global SMS One Time Password (OTP) Service Market Growth by Application: 2020 VS 2024 VS 2031

1.3.2 Banking and Financial

1.3.3 E-commerce

1.3.4 Social Media and Online Platforms

1.3.5 Government

1.3.6 Education and E-learning

1.3.7 Online Gaming and Entertainment

1.3.8 Others

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Global Growth Trends

2.1 Global SMS One Time Password (OTP) Service Market Perspective (2020-2031)

2.2 Global SMS One Time Password (OTP) Service Growth Trends by Region

2.2.1 Global SMS One Time Password (OTP) Service Market Size by Region: 2020 VS 2024 VS 2031

2.2.2 SMS One Time Password (OTP) Service Historic Market Size by Region (2020-2025)

2.2.3 SMS One Time Password (OTP) Service Forecasted Market Size by Region (2026-2031)

2.3 SMS One Time Password (OTP) Service Market Dynamics

2.3.1 SMS One Time Password (OTP) Service Industry Trends

2.3.2 SMS One Time Password (OTP) Service Market Drivers

2.3.3 SMS One Time Password (OTP) Service Market Challenges

2.3.4 SMS One Time Password (OTP) Service Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top SMS One Time Password (OTP) Service Players by Revenue

3.1.1 Global Top SMS One Time Password (OTP) Service Players by Revenue (2020-2025)

3.1.2 Global SMS One Time Password (OTP) Service Revenue Market Share by Players (2020-2025)

3.2 Global Top SMS One Time Password (OTP) Service Players by Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Global Key Players Ranking by SMS One Time Password (OTP) Service Revenue

3.4 Global SMS One Time Password (OTP) Service Market Concentration Ratio

3.4.1 Global SMS One Time Password (OTP) Service Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by SMS One Time Password (OTP) Service Revenue in 2024

3.5 Global Key Players of SMS One Time Password (OTP) Service Head office and Area Served

3.6 Global Key Players of SMS One Time Password (OTP) Service, Product and Application

3.7 Global Key Players of SMS One Time Password (OTP) Service, Date of Enter into This Industry

3.8 Mergers & Acquisitions, Expansion Plans

4 SMS One Time Password (OTP) Service Breakdown Data by Type

4.1 Global SMS One Time Password (OTP) Service Historic Market Size by Type (2020-2025)

4.2 Global SMS One Time Password (OTP) Service Forecasted Market Size by Type (2026-2031)

5 SMS One Time Password (OTP) Service Breakdown Data by Application

5.1 Global SMS One Time Password (OTP) Service Historic Market Size by Application (2020-2025)

5.2 Global SMS One Time Password (OTP) Service Forecasted Market Size by Application (2026-2031)

6 North America

6.1 North America SMS One Time Password (OTP) Service Market Size (2020-2031)

6.2 North America SMS One Time Password (OTP) Service Market Growth Rate by Country: 2020 VS 2024 VS 2031

6.3 North America SMS One Time Password (OTP) Service Market Size by Country (2020-2025)

6.4 North America SMS One Time Password (OTP) Service Market Size by Country (2026-2031)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe SMS One Time Password (OTP) Service Market Size (2020-2031)

7.2 Europe SMS One Time Password (OTP) Service Market Growth Rate by Country: 2020 VS 2024 VS 2031

7.3 Europe SMS One Time Password (OTP) Service Market Size by Country (2020-2025)

7.4 Europe SMS One Time Password (OTP) Service Market Size by Country (2026-2031)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Ireland

8 Asia-Pacific

8.1 Asia-Pacific SMS One Time Password (OTP) Service Market Size (2020-2031)

8.2 Asia-Pacific SMS One Time Password (OTP) Service Market Growth Rate by Region: 2020 VS 2024 VS 2031

8.3 Asia-Pacific SMS One Time Password (OTP) Service Market Size by Region (2020-2025)

8.4 Asia-Pacific SMS One Time Password (OTP) Service Market Size by Region (2026-2031)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia & New Zealand

9 Latin America

9.1 Latin America SMS One Time Password (OTP) Service Market Size (2020-2031)

9.2 Latin America SMS One Time Password (OTP) Service Market Growth Rate by Country: 2020 VS 2024 VS 2031

9.3 Latin America SMS One Time Password (OTP) Service Market Size by Country (2020-2025)

9.4 Latin America SMS One Time Password (OTP) Service Market Size by Country (2026-2031)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa SMS One Time Password (OTP) Service Market Size (2020-2031)

10.2 Middle East & Africa SMS One Time Password (OTP) Service Market Growth Rate by Country: 2020 VS 2024 VS 2031

10.3 Middle East & Africa SMS One Time Password (OTP) Service Market Size by Country (2020-2025)

10.4 Middle East & Africa SMS One Time Password (OTP) Service Market Size by Country (2026-2031)

10.5 Israel

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 SMSCountry

11.1.1 SMSCountry Company Details

11.1.2 SMSCountry Business Overview

11.1.3 SMSCountry SMS One Time Password (OTP) Service Introduction

11.1.4 SMSCountry Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.1.5 SMSCountry Recent Development

11.2 Exotel

11.2.1 Exotel Company Details

11.2.2 Exotel Business Overview

11.2.3 Exotel SMS One Time Password (OTP) Service Introduction

11.2.4 Exotel Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.2.5 Exotel Recent Development

11.3 2Factor

11.3.1 2Factor Company Details

11.3.2 2Factor Business Overview

11.3.3 2Factor SMS One Time Password (OTP) Service Introduction

11.3.4 2Factor Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.3.5 2Factor Recent Development

11.4 TeleSign

11.4.1 TeleSign Company Details

11.4.2 TeleSign Business Overview

11.4.3 TeleSign SMS One Time Password (OTP) Service Introduction

11.4.4 TeleSign Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.4.5 TeleSign Recent Development

11.5 Authkey

11.5.1 Authkey Company Details

11.5.2 Authkey Business Overview

11.5.3 Authkey SMS One Time Password (OTP) Service Introduction

11.5.4 Authkey Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.5.5 Authkey Recent Development

11.6 AuthX

11.6.1 AuthX Company Details

11.6.2 AuthX Business Overview

11.6.3 AuthX SMS One Time Password (OTP) Service Introduction

11.6.4 AuthX Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.6.5 AuthX Recent Development

11.7 Smstools

11.7.1 Smstools Company Details

11.7.2 Smstools Business Overview

11.7.3 Smstools SMS One Time Password (OTP) Service Introduction

11.7.4 Smstools Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.7.5 Smstools Recent Development

11.8 SMSGlobal

11.8.1 SMSGlobal Company Details

11.8.2 SMSGlobal Business Overview

11.8.3 SMSGlobal SMS One Time Password (OTP) Service Introduction

11.8.4 SMSGlobal Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.8.5 SMSGlobal Recent Development

11.9 SMS Works

11.9.1 SMS Works Company Details

11.9.2 SMS Works Business Overview

11.9.3 SMS Works SMS One Time Password (OTP) Service Introduction

11.9.4 SMS Works Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.9.5 SMS Works Recent Development

11.10 Static King

11.10.1 Static King Company Details

11.10.2 Static King Business Overview

11.10.3 Static King SMS One Time Password (OTP) Service Introduction

11.10.4 Static King Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.10.5 Static King Recent Development

11.11 ShoutOut

11.11.1 ShoutOut Company Details

11.11.2 ShoutOut Business Overview

11.11.3 ShoutOut SMS One Time Password (OTP) Service Introduction

11.11.4 ShoutOut Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.11.5 ShoutOut Recent Development

11.12 RingCaptcha

11.12.1 RingCaptcha Company Details

11.12.2 RingCaptcha Business Overview

11.12.3 RingCaptcha SMS One Time Password (OTP) Service Introduction

11.12.4 RingCaptcha Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.12.5 RingCaptcha Recent Development

11.13 Textlocal

11.13.1 Textlocal Company Details

11.13.2 Textlocal Business Overview

11.13.3 Textlocal SMS One Time Password (OTP) Service Introduction

11.13.4 Textlocal Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.13.5 Textlocal Recent Development

11.14 OneLogin

11.14.1 OneLogin Company Details

11.14.2 OneLogin Business Overview

11.14.3 OneLogin SMS One Time Password (OTP) Service Introduction

11.14.4 OneLogin Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.14.5 OneLogin Recent Development

11.15 ClickSend

11.15.1 ClickSend Company Details

11.15.2 ClickSend Business Overview

11.15.3 ClickSend SMS One Time Password (OTP) Service Introduction

11.15.4 ClickSend Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.15.5 ClickSend Recent Development

11.16 D7 Networks

11.16.1 D7 Networks Company Details

11.16.2 D7 Networks Business Overview

11.16.3 D7 Networks SMS One Time Password (OTP) Service Introduction

11.16.4 D7 Networks Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.16.5 D7 Networks Recent Development

11.17 Nettyfish

11.17.1 Nettyfish Company Details

11.17.2 Nettyfish Business Overview

11.17.3 Nettyfish SMS One Time Password (OTP) Service Introduction

11.17.4 Nettyfish Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.17.5 Nettyfish Recent Development

11.18 Fast2SMS

11.18.1 Fast2SMS Company Details

11.18.2 Fast2SMS Business Overview

11.18.3 Fast2SMS SMS One Time Password (OTP) Service Introduction

11.18.4 Fast2SMS Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.18.5 Fast2SMS Recent Development

11.19 MessageWhiz

11.19.1 MessageWhiz Company Details

11.19.2 MessageWhiz Business Overview

11.19.3 MessageWhiz SMS One Time Password (OTP) Service Introduction

11.19.4 MessageWhiz Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.19.5 MessageWhiz Recent Development

11.20 MailerSend

11.20.1 MailerSend Company Details

11.20.2 MailerSend Business Overview

11.20.3 MailerSend SMS One Time Password (OTP) Service Introduction

11.20.4 MailerSend Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.20.5 MailerSend Recent Development

11.21 MessageCloud

11.21.1 MessageCloud Company Details

11.21.2 MessageCloud Business Overview

11.21.3 MessageCloud SMS One Time Password (OTP) Service Introduction

11.21.4 MessageCloud Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.21.5 MessageCloud Recent Development

11.22 8x8

11.22.1 8x8 Company Details

11.22.2 8x8 Business Overview

11.22.3 8x8 SMS One Time Password (OTP) Service Introduction

11.22.4 8x8 Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.22.5 8x8 Recent Development

11.23 Sinch

11.23.1 Sinch Company Details

11.23.2 Sinch Business Overview

11.23.3 Sinch SMS One Time Password (OTP) Service Introduction

11.23.4 Sinch Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.23.5 Sinch Recent Development

11.24 Infobip

11.24.1 Infobip Company Details

11.24.2 Infobip Business Overview

11.24.3 Infobip SMS One Time Password (OTP) Service Introduction

11.24.4 Infobip Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.24.5 Infobip Recent Development

11.25 Vonage

11.25.1 Vonage Company Details

11.25.2 Vonage Business Overview

11.25.3 Vonage SMS One Time Password (OTP) Service Introduction

11.25.4 Vonage Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.25.5 Vonage Recent Development

11.26 MessageBird

11.26.1 MessageBird Company Details

11.26.2 MessageBird Business Overview

11.26.3 MessageBird SMS One Time Password (OTP) Service Introduction

11.26.4 MessageBird Revenue in SMS One Time Password (OTP) Service Business (2020-2025)

11.26.5 MessageBird Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.1.1 Research Programs/Design

13.1.1.2 Market Size Estimation

13.1.1.3 Market Breakdown and Data Triangulation

13.1.2 Data Source

13.1.2.1 Secondary Sources

13.1.2.2 Primary Sources

13.2 Author Details

13.3 Disclaimer

List of Tables

Table 1. Global SMS One Time Password (OTP) Service Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031

Table 2. Key Players of Time-based OTP（TOTP）

Table 3. Key Players of Hash-based OTP（HOTP）

Table 4. Global SMS One Time Password (OTP) Service Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031

Table 5. Global SMS One Time Password (OTP) Service Market Size by Region (US$ Million): 2020 VS 2024 VS 2031

Table 6. Global SMS One Time Password (OTP) Service Market Size by Region (2020-2025) & (US$ Million)

Table 7. Global SMS One Time Password (OTP) Service Market Share by Region (2020-2025)

Table 8. Global SMS One Time Password (OTP) Service Forecasted Market Size by Region (2026-2031) & (US$ Million)

Table 9. Global SMS One Time Password (OTP) Service Market Share by Region (2026-2031)

Table 10. SMS One Time Password (OTP) Service Market Trends

Table 11. SMS One Time Password (OTP) Service Market Drivers

Table 12. SMS One Time Password (OTP) Service Market Challenges

Table 13. SMS One Time Password (OTP) Service Market Restraints

Table 14. Global SMS One Time Password (OTP) Service Revenue by Players (2020-2025) & (US$ Million)

Table 15. Global SMS One Time Password (OTP) Service Market Share by Players (2020-2025)

Table 16. Global Top SMS One Time Password (OTP) Service Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in SMS One Time Password (OTP) Service as of 2024)

Table 17. Ranking of Global Top SMS One Time Password (OTP) Service Companies by Revenue (US$ Million) in 2024

Table 18. Global 5 Largest Players Market Share by SMS One Time Password (OTP) Service Revenue (CR5 and HHI) & (2020-2025)

Table 19. Global Key Players of SMS One Time Password (OTP) Service, Headquarters and Area Served

Table 20. Global Key Players of SMS One Time Password (OTP) Service, Product and Application

Table 21. Global Key Players of SMS One Time Password (OTP) Service, Date of Enter into This Industry

Table 22. Mergers & Acquisitions, Expansion Plans

Table 23. Global SMS One Time Password (OTP) Service Market Size by Type (2020-2025) & (US$ Million)

Table 24. Global SMS One Time Password (OTP) Service Revenue Market Share by Type (2020-2025)

Table 25. Global SMS One Time Password (OTP) Service Forecasted Market Size by Type (2026-2031) & (US$ Million)

Table 26. Global SMS One Time Password (OTP) Service Revenue Market Share by Type (2026-2031)

Table 27. Global SMS One Time Password (OTP) Service Market Size by Application (2020-2025) & (US$ Million)

Table 28. Global SMS One Time Password (OTP) Service Revenue Market Share by Application (2020-2025)

Table 29. Global SMS One Time Password (OTP) Service Forecasted Market Size by Application (2026-2031) & (US$ Million)

Table 30. Global SMS One Time Password (OTP) Service Revenue Market Share by Application (2026-2031)

Table 31. North America SMS One Time Password (OTP) Service Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 32. North America SMS One Time Password (OTP) Service Market Size by Country (2020-2025) & (US$ Million)

Table 33. North America SMS One Time Password (OTP) Service Market Size by Country (2026-2031) & (US$ Million)

Table 34. Europe SMS One Time Password (OTP) Service Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 35. Europe SMS One Time Password (OTP) Service Market Size by Country (2020-2025) & (US$ Million)

Table 36. Europe SMS One Time Password (OTP) Service Market Size by Country (2026-2031) & (US$ Million)

Table 37. Asia-Pacific SMS One Time Password (OTP) Service Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031

Table 38. Asia-Pacific SMS One Time Password (OTP) Service Market Size by Region (2020-2025) & (US$ Million)

Table 39. Asia-Pacific SMS One Time Password (OTP) Service Market Size by Region (2026-2031) & (US$ Million)

Table 40. Latin America SMS One Time Password (OTP) Service Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 41. Latin America SMS One Time Password (OTP) Service Market Size by Country (2020-2025) & (US$ Million)

Table 42. Latin America SMS One Time Password (OTP) Service Market Size by Country (2026-2031) & (US$ Million)

Table 43. Middle East & Africa SMS One Time Password (OTP) Service Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 44. Middle East & Africa SMS One Time Password (OTP) Service Market Size by Country (2020-2025) & (US$ Million)

Table 45. Middle East & Africa SMS One Time Password (OTP) Service Market Size by Country (2026-2031) & (US$ Million)

Table 46. SMSCountry Company Details

Table 47. SMSCountry Business Overview

Table 48. SMSCountry SMS One Time Password (OTP) Service Product

Table 49. SMSCountry Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 50. SMSCountry Recent Development

Table 51. Exotel Company Details

Table 52. Exotel Business Overview

Table 53. Exotel SMS One Time Password (OTP) Service Product

Table 54. Exotel Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 55. Exotel Recent Development

Table 56. 2Factor Company Details

Table 57. 2Factor Business Overview

Table 58. 2Factor SMS One Time Password (OTP) Service Product

Table 59. 2Factor Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 60. 2Factor Recent Development

Table 61. TeleSign Company Details

Table 62. TeleSign Business Overview

Table 63. TeleSign SMS One Time Password (OTP) Service Product

Table 64. TeleSign Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 65. TeleSign Recent Development

Table 66. Authkey Company Details

Table 67. Authkey Business Overview

Table 68. Authkey SMS One Time Password (OTP) Service Product

Table 69. Authkey Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 70. Authkey Recent Development

Table 71. AuthX Company Details

Table 72. AuthX Business Overview

Table 73. AuthX SMS One Time Password (OTP) Service Product

Table 74. AuthX Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 75. AuthX Recent Development

Table 76. Smstools Company Details

Table 77. Smstools Business Overview

Table 78. Smstools SMS One Time Password (OTP) Service Product

Table 79. Smstools Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 80. Smstools Recent Development

Table 81. SMSGlobal Company Details

Table 82. SMSGlobal Business Overview

Table 83. SMSGlobal SMS One Time Password (OTP) Service Product

Table 84. SMSGlobal Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 85. SMSGlobal Recent Development

Table 86. SMS Works Company Details

Table 87. SMS Works Business Overview

Table 88. SMS Works SMS One Time Password (OTP) Service Product

Table 89. SMS Works Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 90. SMS Works Recent Development

Table 91. Static King Company Details

Table 92. Static King Business Overview

Table 93. Static King SMS One Time Password (OTP) Service Product

Table 94. Static King Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 95. Static King Recent Development

Table 96. ShoutOut Company Details

Table 97. ShoutOut Business Overview

Table 98. ShoutOut SMS One Time Password (OTP) Service Product

Table 99. ShoutOut Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 100. ShoutOut Recent Development

Table 101. RingCaptcha Company Details

Table 102. RingCaptcha Business Overview

Table 103. RingCaptcha SMS One Time Password (OTP) Service Product

Table 104. RingCaptcha Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 105. RingCaptcha Recent Development

Table 106. Textlocal Company Details

Table 107. Textlocal Business Overview

Table 108. Textlocal SMS One Time Password (OTP) Service Product

Table 109. Textlocal Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 110. Textlocal Recent Development

Table 111. OneLogin Company Details

Table 112. OneLogin Business Overview

Table 113. OneLogin SMS One Time Password (OTP) Service Product

Table 114. OneLogin Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 115. OneLogin Recent Development

Table 116. ClickSend Company Details

Table 117. ClickSend Business Overview

Table 118. ClickSend SMS One Time Password (OTP) Service Product

Table 119. ClickSend Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 120. ClickSend Recent Development

Table 121. D7 Networks Company Details

Table 122. D7 Networks Business Overview

Table 123. D7 Networks SMS One Time Password (OTP) Service Product

Table 124. D7 Networks Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 125. D7 Networks Recent Development

Table 126. Nettyfish Company Details

Table 127. Nettyfish Business Overview

Table 128. Nettyfish SMS One Time Password (OTP) Service Product

Table 129. Nettyfish Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 130. Nettyfish Recent Development

Table 131. Fast2SMS Company Details

Table 132. Fast2SMS Business Overview

Table 133. Fast2SMS SMS One Time Password (OTP) Service Product

Table 134. Fast2SMS Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 135. Fast2SMS Recent Development

Table 136. MessageWhiz Company Details

Table 137. MessageWhiz Business Overview

Table 138. MessageWhiz SMS One Time Password (OTP) Service Product

Table 139. MessageWhiz Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 140. MessageWhiz Recent Development

Table 141. MailerSend Company Details

Table 142. MailerSend Business Overview

Table 143. MailerSend SMS One Time Password (OTP) Service Product

Table 144. MailerSend Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 145. MailerSend Recent Development

Table 146. MessageCloud Company Details

Table 147. MessageCloud Business Overview

Table 148. MessageCloud SMS One Time Password (OTP) Service Product

Table 149. MessageCloud Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 150. MessageCloud Recent Development

Table 151. 8x8 Company Details

Table 152. 8x8 Business Overview

Table 153. 8x8 SMS One Time Password (OTP) Service Product

Table 154. 8x8 Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 155. 8x8 Recent Development

Table 156. Sinch Company Details

Table 157. Sinch Business Overview

Table 158. Sinch SMS One Time Password (OTP) Service Product

Table 159. Sinch Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 160. Sinch Recent Development

Table 161. Infobip Company Details

Table 162. Infobip Business Overview

Table 163. Infobip SMS One Time Password (OTP) Service Product

Table 164. Infobip Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 165. Infobip Recent Development

Table 166. Vonage Company Details

Table 167. Vonage Business Overview

Table 168. Vonage SMS One Time Password (OTP) Service Product

Table 169. Vonage Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 170. Vonage Recent Development

Table 171. MessageBird Company Details

Table 172. MessageBird Business Overview

Table 173. MessageBird SMS One Time Password (OTP) Service Product

Table 174. MessageBird Revenue in SMS One Time Password (OTP) Service Business (2020-2025) & (US$ Million)

Table 175. MessageBird Recent Development

Table 176. Research Programs/Design for This Report

Table 177. Key Data Information from Secondary Sources

Table 178. Key Data Information from Primary Sources

Table 179. Authors List of This Report

List of Figures

Figure 1. SMS One Time Password (OTP) Service Picture

Figure 2. Global SMS One Time Password (OTP) Service Market Size Comparison by Type (2020-2031) & (US$ Million)

Figure 3. Global SMS One Time Password (OTP) Service Market Share by Type: 2024 VS 2031

Figure 4. Time-based OTP（TOTP） Features

Figure 5. Hash-based OTP（HOTP） Features

Figure 6. Global SMS One Time Password (OTP) Service Market Size by Application (2020-2031) & (US$ Million)

Figure 7. Global SMS One Time Password (OTP) Service Market Share by Application: 2024 VS 2031

Figure 8. Banking and Financial Case Studies

Figure 9. E-commerce Case Studies

Figure 10. Social Media and Online Platforms Case Studies

Figure 11. Government Case Studies

Figure 12. Education and E-learning Case Studies

Figure 13. Online Gaming and Entertainment Case Studies

Figure 14. Others Case Studies

Figure 15. SMS One Time Password (OTP) Service Report Years Considered

Figure 16. Global SMS One Time Password (OTP) Service Market Size (US$ Million), Year-over-Year: 2020-2031

Figure 17. Global SMS One Time Password (OTP) Service Market Size, (US$ Million), 2020 VS 2024 VS 2031

Figure 18. Global SMS One Time Password (OTP) Service Market Share by Region: 2024 VS 2031

Figure 19. Global SMS One Time Password (OTP) Service Market Share by Players in 2024

Figure 20. Global SMS One Time Password (OTP) Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

Figure 21. The Top 10 and 5 Players Market Share by SMS One Time Password (OTP) Service Revenue in 2024

Figure 22. North America SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 23. North America SMS One Time Password (OTP) Service Market Share by Country (2020-2031)

Figure 24. United States SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 25. Canada SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 26. Europe SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 27. Europe SMS One Time Password (OTP) Service Market Share by Country (2020-2031)

Figure 28. Germany SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 29. France SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 30. U.K. SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 31. Italy SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 32. Russia SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 33. Ireland SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 34. Asia-Pacific SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 35. Asia-Pacific SMS One Time Password (OTP) Service Market Share by Region (2020-2031)

Figure 36. China SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 37. Japan SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 38. South Korea SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 39. Southeast Asia SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 40. India SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 41. Australia & New Zealand SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 42. Latin America SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 43. Latin America SMS One Time Password (OTP) Service Market Share by Country (2020-2031)

Figure 44. Mexico SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 45. Brazil SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 46. Middle East & Africa SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 47. Middle East & Africa SMS One Time Password (OTP) Service Market Share by Country (2020-2031)

Figure 48. Israel SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 49. Saudi Arabia SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 50. UAE SMS One Time Password (OTP) Service Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 51. SMSCountry Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 52. Exotel Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 53. 2Factor Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 54. TeleSign Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 55. Authkey Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 56. AuthX Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 57. Smstools Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 58. SMSGlobal Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 59. SMS Works Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 60. Static King Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 61. ShoutOut Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 62. RingCaptcha Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 63. Textlocal Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 64. OneLogin Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 65. ClickSend Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 66. D7 Networks Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 67. Nettyfish Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 68. Fast2SMS Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 69. MessageWhiz Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 70. MailerSend Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 71. MessageCloud Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 72. 8x8 Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 73. Sinch Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 74. Infobip Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 75. Vonage Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 76. MessageBird Revenue Growth Rate in SMS One Time Password (OTP) Service Business (2020-2025)

Figure 77. Bottom-up and Top-down Approaches for This Report

Figure 78. Data Triangulation

Figure 79. Key Executives Interviewed

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Global SMS One Time Password (OTP) Service Market Research Report 2025

Published Date: September 2025

Report Code: QYRE-Auto-16B16405

Global SMS One Time Password (OTP) Service Market Research Report 2025

FEATURED COMPANIES

SMS One Time Password (OTP) Service Market Size

SMS One Time Password (OTP) Service Market

Scope of SMS One Time Password (OTP) Service Market Report

Chapter Outline

FAQ for this report

How fast is SMS One Time Password (OTP) Service Market growing?

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Who are the main players in the SMS One Time Password (OTP) Service Market report?

What are the Application segmentation covered in the SMS One Time Password (OTP) Service Market report?

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FEATURED COMPANIES

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