Quick Summary:
In the ever-evolving digital landscape, the significance of Hardware OTP (One Time Password) Token Authentication is on the rise. Our comprehensive market research report is an invaluable resource for senior executives in understanding this complex and swiftly changing field. It offers an astute projection of the market growth, estimated to reach a whopping value of $581.7 million by 2030, from its current value of $361.1 million in 2022.
Not limited to global analysts, our report outlines detailed data sets and insights for regional markets including the U.S and China, the world's leading economies. We surpass surface-level data by facilitating competitive intelligence with highlights on 12 key players in the market. Furthermore, our special features including global competitiveness, market shares, market presence details, and interactive peer-to-peer updates, makes this report an authoritative guide to strategizing your business moves in the Hardware OTP Token Authentication market.
Global Hardware OTP Token Authentication Market to Reach $581.7 Million by 2030
The global market for Hardware OTP Token Authentication estimated at US$361.1 Million in the year 2022, is projected to reach a revised size of US$581.7 Million by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030. Disconnected, one of the segments analyzed in the report, is projected to record 6.2% CAGR and reach US$254.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Contactless segment is readjusted to a revised 6.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $108.6 Million, While China is Forecast to Grow at 5.7% CAGR
The Hardware OTP Token Authentication market in the U.S. is estimated at US$108.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$101.2 Million by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.Select Competitors (Total 12 Featured) -
- Deepnet Security
- Dell Technologies
- Entrust Datacard Corporation
- FEITIAN Technologies Co., Ltd.
- Fortinet, Inc.
- Gemalto NV
- HID Global Corporation
- ID Control
- Nexus AG
- Securemetric Technology Sdn. Bhd.
- SecuTech Solutions Pty Ltd.
- Symantec Corporation
- VASCO Data Security International, Inc.
- Yubico AB
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Hardware OTP Token Authentication?
What is the growth rate of the Global Market for Hardware OTP Token Authentication?
What is the forecasted size of the Global Market for Hardware OTP Token Authentication?
Who are the key companies in the Global Market for Hardware OTP Token Authentication?
Report Attribute | Details |
---|---|
No. of Pages | 179 |
Published | September 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 361.1 Million |
Forecasted Market Value ( USD | $ 581.7 Million |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Deepnet Security
- Dell Technologies
- Entrust Datacard Corporation
- FEITIAN Technologies Co., Ltd.
- Fortinet, Inc.
- Gemalto NV
- HID Global Corporation
- ID Control
- Nexus AG
- Securemetric Technology Sdn. Bhd.
- SecuTech Solutions Pty Ltd.
- Symantec Corporation
- VASCO Data Security International, Inc.
- Yubico AB