Hardware OTP Token Authentication Market 2019-2027: Research Report Study by Key Vendors Authenex, Dell, Duo, FEITIAN Technologies, Gemalto NV, Microcosm, OneSpan, RSA Security, SurepassID, WoTrus CA
The study report titled Global Hardware OTP Token Authentication Market offers an in-depth analysis of this market across the globe. The study, aimed at providing current and prospect players in this market sharp insights to gain the advantage over their competitors. The report does so by providing an executive summary including all valuable market figures and exploring the favorable factors that are expected to drive the growth rate of the market, besides taking account of the restraining factors. The report also highlights the emerging trends in the global market.
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Companies profiled in this report include:
• Authenex, Inc.
• Dell Inc.
• FEITIAN Technologies
• Gemalto NV
• Microcosm Ltd.
• OneSpan Inc.
• RSA Security LLC
• SurepassID Corp.
• WoTrus CA Limited
Increasing cyber-attacks and growing concerns towards providing secure transaction are the significant factors that are expected to drive the growth of this hardware OTP token authentication. Increased cybersecurity spending by the organizations related to the BFSI sector is creating opportunities for the companies operating in the Hardware OTP token authentication market to gain a broad customer base.
The global hardware OTP token authentication market is segmented on the basis of type and end-user. Based on type, the market is segmented as connected, disconnected, and contactless. On the basis of the end-user the market is segmented as BFSI, government, enterprise security, and others.
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The report analyzes factors affecting hardware OTP token authentication market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the hardware OTP token authentication market in these regions.
The reports cover key developments in the hardware OTP token authentication market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from hardware OTP token authentication market are anticipated to lucrative growth opportunities in the future with the rising demand for hardware OTP token authentication in the global market.
• Global Hardware OTP Token Authentication Market Overview
• Economic Impact on Market
• Market Competition
• Global Hardware OTP Token Authentication Market Analysis by Application
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Global Hardware OTP Token Authentication Market Effect, Factors, Analysis
• Global Hardware OTP Token Authentication Market Forecast
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Company: The Insight Partners
Contact: Sameer Joshi
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Hardware OTP authentication method enables organizations to secure their data with two-factor authentication. The hardware device that is being used is the first step of authentication followed by a security token that is issued to the user to verify the identity of the user. This two-factor authentication method enables secure business transactions and enhances user experience. Publisher's analysts forecast the global hardware OTP token authentication market to grow at a CAGR