Hardware One Time Password (OTP) Token Authentication Market 2018 Global Report

Hardware OTP authentication is a two-factor authentication solution that enables secure remote network access and digital signature functionality with the help of a physical hardware authenticator or a secure token. Hardware OTP utilizes a separate device or a security token issued to a user to generate a password that acts as a second factor for authentication. There are different types of tokens such as OTP tokens, USB tokens, SIM tokens, and mini tokens. These are required for added security in critical infrastructures and in companies that witness a high level of online activity. Since hardware OTP tokens provide a second layer of secure authentication, it becomes difficult for attackers to hack into a user’s system. Even in cases of identity theft, attackers will not be able to cause any harm unless they have access to the secure hardware token.

Analysts forecast the Global Hardware One-time Password Token (OTP) Authentication Market will grow at a CAGR of 9.96 percent during the period 2014-2018.

This report covers the present scenario and the growth prospects of the Global Hardware OTP Token Authentication market for the period 2014-2018. To calculate the market size, the report considers revenue generated from sales of hardware OTP tokens. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global Hardware OTP Token Authentication market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

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Key Regions

  • Americas
  • EMEA
  • APAC

Key Vendors

  • Gemanlto N.V.
  • RSA Security Inc.
  • SafeNet Inc.
  • VASCO Data Security International Inc.

Other Prominent Vendors

  • ActivIdentity Corp.
  • Deepnet Security Ltd.
  • Entrust Inc.
  • Gemalto N.V.
  • ID Control
  • RSA Security Inc.
  • SafeNet Technology Ltd.
  • Symantec Corp.
  • VASCO Data Security International Inc.
  • Yubico AB

Key Market Driver

  • Increased Dependence on the Internet for Transactions.
  • For a full, detailed list, view our report.

Key Market Challenge

  • Increased Acceptance of Software Authentication Solutions.

Key Market Trend

  • Emergence of Unified Platform for Different Authentication Solutions.

Key Questions Answered in this Report

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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