Research and Markets: Global Hardware OTP Token Authentication Market 2015-2019 with EMC, Gemalto, SafeNet & VASCO Data Security International Dominating

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/n82lz4/global_hardware) has announced the addition of the "Global Hardware OTP Token Authentication Market 2015-2019" report to their offering.

The analysts forecast the Global Hardware OTP Token Authentication market to grow at a CAGR of 8.38% over the period 2015-2019.

Hardware OTP token authentication market follows the Two-factor Authentication market, which enables employees to remotely access the company's data with the functionality of digital signatures. Hence, it helps organization avoid network authentication security problems. A hardware device is used for initial authentication, which is further used for the successive generation of a secure token or password for authentication. It is helpful for organizations with a high level of online activity and prevent hackers from accessing the user's system as well as confidential data.

One major trend in this market is an increasing mobile workforce. Rapid globalization has resulted in employees working across many locations. The usage of hardware devices with the two-factor authentication process can provide employees with access to confidential data without any location constraints.

According to the report, one of the major drivers in this market is an increase in the number of online transactions in recent years. Online transactions make a network vulnerable to cyber-attacks, which, in turn, can be harmful because they can lead to data leakage and data loss. Hence, the hardware OTP token authentication method makes the authentication process stronger with a high level of security.

Further, the report states that one of the major challenges in this market is the high adoption of software authentication methods. The need for mobile hardware OTP devices along with the vulnerability of hardware devices poses a challenge to end-users. Hence, the adoption of software OTP authentication methods overcomes the challenges associated with the hardware OTP authentication method.

The report considers three major end-user segments in the Global Hardware OTP Token Authentication market which are as follows:

  • BFSI Sector
  • PCI Sector
  • Government Sector
  • Healthcare Sector

Key Vendors

  • EMC
  • Gemalto
  • SafeNet
  • VASCO Data Security International

Key Topics Covered:

  1. Executive Summary
  2. List of Abbreviations
  3. Scope of the Report
  4. Market Research Methodology
  5. Introduction
  6. Market Description
  7. Market Landscape
  8. Market Segmentation by End-users
  9. Geographical Segmentation
  10. Market Attractiveness
  11. Buying Criteria
  12. Market Growth Drivers
  13. Drivers and their Impact
  14. Market Challenges
  15. Impact of Drivers and Challenges
  16. Market Trends
  17. Trends and their Impact
  18. Vendor Landscape
  19. Key Vendor Analysis
  20. Key Facts
  21. Assumptions

For more information visit http://www.researchandmarkets.com/research/n82lz4/global_hardware

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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For GMT Office Hours Call +353-1-416-8900
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Fax (outside U.S.): +353-1-481-1716
Sector: Hardware

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Hardware