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Hardware OTP Token Authentication Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
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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.
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.
Global Hardware OTP Token Authentication Market - Segmentation
By Type
• Connected
• Disconnected
• Contactless
By End-user
• Banking, Financial Services & Insurance
• Government
• Enterprise Security
• Healthcare
• Other
A full report of Hardware OTP Token Authentication Market available @ https://www.omrglobal.com/industry-reports/hardware-otp-token-authentication-market
Hardware OTP Token Authentication Market Report Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• One Identity LLC
• Dell Technologies Inc.
• Entrust Datacard Corporation
• Thales Group (Gemalto NV)
• RSA Security LLC
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Company Name: Orion Market Research
About Orion Market Research
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