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Global Hardware OTP Token Authentication Market 2016-2020

  • August 2016
  • -
  • Infiniti Research Limited
  • -
  • 62 pages

About Hardware OTP Authentication

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.

Technavio’s analysts forecast the global hardware OTP token authentication market to grow at a CAGR of 8.42% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global hardware OTP token authentication market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of hardware OTP tokens across the globe.


The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Technavio's report, Global Hardware OTP Token Authentication Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
- Gemalto
- Dell
- VASCO
- Symantec


Other prominent vendors
- Authenex
- Deepnet Security
- Entrust
- FEITIAN Technologies
- Fortinet
- HID
- ID Control
- Nexus
- PortalGuard
- SecuTech
- SecureMetric Technology
- Yubico

Market driver
- Preference for convenience and instant use
- For a full, detailed list, view our report

Market challenge
- Rise in adoption of software authentication methods
- For a full, detailed list, view our report

Market trend
- Increasing adoption of authentication solutions by SMEs
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Table Of Contents

Global Hardware OTP Token Authentication Market 2016-2020
PART 01: Executive summary
- Key findings
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Two-factor authentication
- Comparison of two-factor authentication and multi-factor authentication
- Regulations related to multi-factor authentication
- Advantages and disadvantages of hardware OTP token
- PART 06: Authentication techniques
- Comparison of authentication techniques
PART 07: Market size and forecast
- Global hardware OTP token authentication market
PART 08: Market segmentation by end-users
- Hardware OTP token authentication market in BFSI sector
- Hardware OTP token authentication market in PCI
- Hardware OTP token authentication market in government sector
- Hardware OTP token authentication market in healthcare sector
PART 09: Geographical segmentation
- Hardware OTP token authentication market in Americas
- Hardware OTP token authentication market in EMEA
- Hardware OTP token authentication market in APAC
PART 10: Market attractiveness
- Market attractiveness by end-user segmentation
PART 11: Market drivers
- Increase in volume of online transactions
- Higher level of security provided by hardware OTP tokens
- Preference for convenience and instant use
- Adherence to compliance mandates
PART 12: Impact of drivers
PART 13: Market challenges
- High upgrading and replacement costs
- Rise in adoption of software authentication methods
- Hardware devices are inconvenient to carry and vulnerable
PART 14: Impact of drivers and challenges
PART 15: Market trends
- Emergence of next-generation hardware OTP tokens
- Growing use of unified platforms for authentication purposes
- Increasing adoption of authentication solutions by SMEs
PART 16: Impact of trends
PART 17: Buying criteria
PART 18: Five forces analysis
PART 19: Vendor landscape
- Competitive landscape
- Other prominent vendors
PART 20: Key vendor profiles
- Gemalto
- Dell
- VASCO
- Symantec
- Assumptions
PART 21: Appendix
- List of abbreviations
PART 22: Explore Technavio

List of Exhibits
Exhibit 01: Overview of numbers 2015 and 2015 (% market share)
Exhibit 02: Major countries considered
Exhibit 03: Product offerings
Exhibit 04: Two-factor authentication method
Exhibit 05: Multi-factor authentication versus two-factor authentication
Exhibit 06: Comparison of authentication techniques 2015
Exhibit 07: Global hardware OTP token authentication market 2015-2020 ($ millions)
Exhibit 08: Hardware OTP token authentication market in BFSI sector 2015-2020 ($ millions)
Exhibit 09: Hardware OTP token authentication market in PCI 2015-2020 ($ millions)
Exhibit 10: Hardware OTP token authentication market in government sector 2015-2020 ($ millions)
Exhibit 11: Hardware OTP token authentication market in healthcare sector 2015-2020 ($ millions)
Exhibit 13: Hardware OTP token authentication market in Americas 2015-2020 ($ millions)
Exhibit 14: Hardware OTP token authentication market in EMEA 2015-2020 ($ millions)
Exhibit 15: Hardware OTP token authentication market in APAC 2015-2020 ($ millions)
Exhibit 16: Market attractiveness by end-users 2016
Exhibit 17: Market attractiveness by end-users 2020
Exhibit 18: Global 3G and 4G connections (millions)
Exhibit 19: Impact of drivers
Exhibit 20: Impact of drivers and challenges
Exhibit 21: Impact of trends
Exhibit 22: Buying criteria for hardware OTP token authentication solutions
Exhibit 23: Five forces analysis
Exhibit 24: Competitive rating of hardware OTP authentication vendors
Exhibit 25: Vendor matrix: Hardware OTP tokens
Exhibit 26: Vendor matrix: Geographical presence
Exhibit 27: Vendor matrix: Features
Exhibit 28: Vendor matrix: End-users
Exhibit 29: Pricing of Dell authentication solutions
Exhibit 30: Symantec: Business segmentation by revenue 2015
Exhibit 31: Symantec: Geographical segmentation by revenue 2015

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