- Published: September 2011
Global Hardware One-Time Password Token Authentication Market 2010-2014
- Published: November 2011
- 34 pages
- Infiniti Research Limited
TechNavio’s analysts forecast the Global Hardware One-Time Password (OTP) Token Authentication market to grow at a CAGR of 8.4 percent over the period 2010–2014. One of the key factors contributing to this market growth is the increasing dependence on websites and web applications for transactions. The Global Hardware OTP Token Authentication market has also been witnessing the emergence of the unified platform for different authentication solutions. However, increasing acceptance of software authentication solutions could pose a challenge to the growth of this market. TechNavio’s report, Global Hardware One-Time Password Token Authentication Market 2010–2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions. It covers the different OTP hardware tokens such as USB tokens, OTP simple tokens, and mini-tokens, but only analyzes the Two-factor Hardware OTP Authentication segment. The report does not investigate the Biometrics Authentication market. For the calculation of market size, the report considers both product as well as services revenues.
The report discusses the vendors that provide hardware OTP tokens to end-users. The report includes both the product revenue and services revenues for the calculation of vendor share. However, the report excludes vendors that do not have their own products and are "service only" vendors or value-added resellers.
Key vendors dominating this market include RSA, Gemalto N.V., VASCO Data Security International Inc., and Entrust Inc.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
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01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Vendor Landscape
06. Buying Criteria
07. Market Growth Drivers
08. Drivers and their Impact
09. Market Challenges
10. Market Trends
11. Key Vendor Analysis
11.2 Gemalto N.V.
11.3 VASCO Data Security International Inc.
11.4 Entrust Inc.
12. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Hardware OTP Token Authentication Market 2010–2014 (US$ million)
Exhibit 2: Global Hardware OTP Token Authentication Market by Geographical Segmentation 2010
Exhibit 3: Global Hardware OTP Token Authentication Market by End-user Segmentation – 2010
Exhibit 4: Global Hardware OTP Token Authentication Market by Vendor Segmentation 2010
TechNavio Announces the Publication of its Report – Global Hardware One-Time Password Token Authentication Market 2010–2014
TechNavio, a market research leader in the area of IT Security, recently published its report, Global Hardware One-Time Password Token Authentication Market 2010–2014. The report covers the Americas and the EMEA and APAC regions, and discusses significant trends impacting the growth of this market. The report is based on an in-depth study of the market with inputs from key industry participants. In addition to profiling key vendors, the report discusses the important drivers, trends, and challenges for the industry.
TechNavio’s report highlights that the declining price of hardware one-time password (OTP) tokens is resulting in increased adoption among small and medium-sized businesses (SMBs). Regulatory guidelines that were previously applicable only to large enterprises are now applicable to SMBs as well. Hence, the increasing frequency of attacks, coupled with the growing regulatory requirements, is driving SMBs to adopt strong authentication solutions such as hardware OTP tokens.
Commenting on the report, an analyst from TechNavio’s IT Security team said, “One of the major reasons for the growth in the overall IT Security market is strict compliance requirements. However, a key challenge facing this market is the growing preference for software authentication solutions over hardware OTP token solutions. As a result, the Software Authentication market has been witnessing stronger growth.”
Key findings from the report:
- Price-based Competition Leading to Reduction in Prices
- High Initial Deployment and Replacement Costs of Hardware Tokens in Some Regions
- Low Regulatory Requirements in Developing Regions
RSA, Gemalto N.V., VASCO Data Security International Inc. and Entrust Inc
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