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Hardware OTP Token Authentication Market to see Rapid Growth by 2028

12-10-2022 08:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Hardware OTP Token Authentication Market to see Rapid Growth

Hardware OTP token authentication market is expected to grow at a significant CAGR of 18% during the forecast period. The major factors propelling the growth of the global hardware OTP token authentication market include the mobility factor of these hardware devices which remove the demand for identity management using external software and hardware. The increased degree of security provided by these tokens is a major element driving up demand in a variety of end-user sectors all over the globe.

Hardware OTP authentication is a two-factor authentication system that uses a physical hardware authenticator or a secure token to provide safe remote network access and digital signature capability. Hardware OTP generates a password that works as a second factor of authentication using a separate device or a security token provided to the user. Hardware OTP tokens are a type of two-factor authentication token that is typically used for user authentication and access management applications. After primary authentication, a hardware device is used for secondary authentication.

To Request a Sample of our Report on Hardware OTP Token Authentication Market:  https://www.omrglobal.com/request-sample/hardware-otp-token-authentication-market

The key players contributing to the growth of the global hardware OTP token authentication market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include One Identity LLC, Dell Technologies Inc., Entrust Datacard Corporation, Thales Group (Gemalto NV), RSA Security LLC, among others. For instance, in June 2020, HID Global's biometrics identification management systems have been introduced to police departments and military locations all around the globe. End users, such as law enforcement personnel, can utilize the HID NOMAD 30 Pocket Reader's PIV-certified sensor to swiftly collect and verify single fingerprints against databases, eliminating the need to transfer suspects to a central booking station.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
  Segment Covered- 
By Type
By End-User
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- One Identity LLC, Dell Technologies Inc., Entrust Datacard Corporation, Thales Group (Gemalto NV), RSA Security LLC, among others.

A full Report of Hardware OTP Token Authentication Market is Available at:  https://www.omrglobal.com/industry-reports/hardware-otp-token-authentication-market

Hardware OTP Token Authentication Market - Segmentation

By Type

Connected
Disconnected
Contactless

By End-user

Banking, Financial Services & Insurance
Government
Enterprise Security
Healthcare
Other 

Hardware OTP Token Authentication Market - Segmentation by region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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