Press release
Hardware OTP Token Authentication Market 2021 Growth, Prominent Players: Authenex Inc., Dell Technologies Inc., Entrust Datacard Corporation
The Hardware OTP Token Authentication Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Hardware OTP Token Authentication market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Hardware OTP Token Authentication market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Hardware OTP Token Authentication market.The Hardware OTP Token Authentication Market was valued at USD 280.6 million in 2020 and expected to reach USD 433.1 million by 2026 and grow at a CAGR of 7.5% over the forecast period (2021-2026).
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Top Leading Companies of Hardware OTP Token Authentication Market are - Authenex Inc., Dell Technologies Inc., Entrust Datacard Corporation, Thales Group (Gemalto NV), Microcosm Ltd, One Identity LLC, RSA Security LLC, SurepassID Corp., Broadcom Inc. (Symantec Corporation), VASCO Data Security International Inc. and others.
Industry News and Updates:
- Apr 2019 - Thales completed the acquisition of Gemalto (Euronext Amsterdam and Paris: GTO), creating a global leader in digital identity and security. With Gemalto, Thales will cover the entire critical decision chain in a digital world, from data generation via sensors, to real-time decision support. Completed in 15 months, the acquisition of Gemalto by Thales for EUR 4.8 billion creates a Group on a new scale and a global leader in digital identity and security employing 80,000 people.
- Nov 2017 - RSA, a subsidiary of Dell Technologies, expanded its technology ecosystem, in order to make strong authentication more continuous, proactive, and pervasive. Offering seamless interoperability with the CyberArk Privileged Account Security Solution, Microsoft Windows Hello, Palo Alto Networks Next-Generation Firewall, and VMware Workspace ONE, RSA enables organizations to quickly and easily leverage the broad set of modern mobile authentication methods from the RSA SecurID Access solution.
Key Market Trends:
Disconnected Hardware OTP Token Authentication Market has the Largest Share
- A disconnected hardware OTP token requires the number to be copied into the passcode field by hand. Disconnected tokens have neither a physical nor logical connection to the client computer. Disconnected tokens do not require a special input device, and instead, use a built-in screen to display the generated authentication data, which the user enters manually via a keyboard or keypad.
- Disconnected tokens are the most common type of security tokens used, usually in combination with a password, in two-factor authentication for online identification. These devices have been in the market for over three decades and have undergone various developments, in order to avoid miscreants getting access to it.
Early Adoption Enables North America to Have the Largest Market Share
- The United States is the largest contributor to breach activity with 2,330 breaches reported, with the United Kingdom positioned 2nd, far behind with reported 184 breach reports. The number of breaches: 2,330, in the United States led to total exposed records of 2,317,065. This led to the personal information being compromised and password and other details getting exposed.
- As per the White House Council of Economic Advisers, the US economy loses approximately USD 57 billion to USD 109 billion per year to dangerous cyber activity. The increase in the number of data breaches is pushing many organizations to adopt hardware OTP devices that provide another layer of security for the user to secure themselves.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Hardware OTP Token Authentication Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Hardware OTP Token Authentication Market (%),2016 - 2026
- Hardware OTP Token Authentication Market Share, By Brand
- Hardware OTP Token Authentication Market Share, By Company
- Hardware OTP Token Authentication Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Hardware OTP Token Authentication Market Value Analysis & Forecast
- Promising Hardware OTP Token Authentication Development by Major Companies
- Detailed Hardware OTP Token Authentication Portfolio of the Major Companies
- Major Deals in the Hardware OTP Token Authentication Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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