Global Hardware OTP Token Authentication Market 2016-2020

  • ID: 3832372
  • Report
  • Region: Global
  • 62 pages
  • TechNavio
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FEATURED COMPANIES

  • Authenex
  • Dell
  • FEITIAN Technologies
  • Gemalto
  • ID Control
  • PortalGuard
  • MORE
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.

The 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

The 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 drivers
- Preference for convenience and instant use

Market challenges
- Rise in adoption of software authentication methods

Market trends
- Increasing adoption of authentication solutions by SMEs

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?

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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Authenex
  • Dell
  • FEITIAN Technologies
  • Gemalto
  • ID Control
  • PortalGuard
  • MORE
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: About the Author

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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FEATURED COMPANIES

  • Authenex
  • Dell
  • FEITIAN Technologies
  • Gemalto
  • ID Control
  • PortalGuard
  • MORE
New Report Released: - Global Hardware OTP Token Authentication Market 2016-2020

The author of the report recognizes the following companies as the key players in the global hardware OTP token authentication market: Gemalto, Dell, VASCO, and Symantec.

Other Prominent Vendors in the market are: Authenex, Deepnet Security, Entrust, FEITIAN Technologies, Fortinet, HID, ID Control, Nexus, PortalGuard, SecuTech, SecureMetric Technology, and Yubico.

Commenting on the report, an analyst from the research team said: “The global authentication market includes both software and hardware authentication methods. The organizations that are cost conscious have moved to software authentication methods whereas certain organizations, mostly in the government sector, are continuing with the hardware authentication methods. Now, the vendors are introducing a unified platform, which would allow the use of both hardware and software authentication methods, eliminating the cost involved in shifting from one platform and module to another. Also, users can easily switch from one hardware OTP token authentication solution to another hardware OTP authentication solution. SecureAuths' SecureAuth IdP provides authentication security, single sign-on, and user self-service tools in a unified platform. The introduction of unified platforms is a growing trend in the global hardware OTP token authentication market.”

According to the report, cyber-attacks are increasing, especially against websites where the number of online transactions is significantly high. Hackers are also targeting certain lucrative sectors that have a huge number of online customers. To make online transactions secure, organizations have started using the hardware OTP token authentication method. Hence, the rapid increase in the volume of online transactions acts as a driver for the global hardware OTP token authentication market.

Further, the report states that a major challenge for the hardware OTP token authentication market is the high upgrading and replacement costs of the hardware solutions. The complexity of the network infrastructure has resulted in the procurement of security products of various generations. Hence, obsolescence of technology has resulted in a number of new hardware products being purchased by end-users every time there is a software update. So, the new hardware OTP token products entering the market are not seamlessly integrated with the existing products, irrespective of the specifications, multiple protocol standards, or products from other vendors. Also, the cost of replacing a hardware device in case of software obsolescence and upgrading is very high.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Gemalto
- Dell
- VASCO
- Symantec
- Authenex
- Deepnet Security
- Entrust
- FEITIAN Technologies
- Fortinet
- HID
- ID Control
- Nexus
- PortalGuard
- SecuTech
- SecureMetric Technology
- Yubico
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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