DUBLIN--(BUSINESS WIRE)--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
- VASCO Data Security International
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Description
- Market Landscape
- Market Segmentation by End-users
- Geographical Segmentation
- Market Attractiveness
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
- Key Facts
For more information visit http://www.researchandmarkets.com/research/n82lz4/global_hardware