DUBLIN--(BUSINESS WIRE)--The "Global Hardware OTP Token Authentication Market - Segmented by Type, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Hardware OTP Token Authentication Market is expected to register a CAGR of 9.3% over the forecast period (2018 - 2023).
The scope of this report is restricted to Hardware OTP Tokens. The Hardware OTP Token devices are developed by several firms such as Gemalto NV, Dell Symantec Corporation, RSA Security LLC, and VASCO Data Security International, Inc. North America is expected to be a major region in the Hardware OTP Token Authentication Market due to the shift towards digital applications such as cloud, IoT, and application software.
Growing Internet-based Transactions Driving the Market
Growing internet-based transactions are one of the major drivers for the global hardware OTP authentication market. The emergence of e-commerce and increasing reliance on online shopping make it necessary for secure and private methods of transaction. Hardware tokens make the transaction safer and provide an extra layer of authentication for improved security. The reason hardware tokens are so important is because of the threats from hacks and thefts.
Investments from Banking and Finance Industry
The banking and finance industry is one of the major industries where the need for security is the highest. Protecting data and currency from theft is of utmost importance. The hardware OTP verification service helps protecting the security of frequent banking operations. Large investments are made by the banking and finance industry in cyber security, with concerns of threats from ransomware and central bank policies regarding electronic banking authentication security. Huge investments towards the improvement of Hardware OTP Token market is a major driver for the growth of this market.
- Gemalto NV
- One Identity LLC
- Symantec Corporation
- RSA Security LLC
- VASCO Data Security International Inc.
- Entrust Datacard Corporation
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Hardware OTP Token Authentication Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Outlook of Hardware OTP Token Authentication Market
For more information about this report visit https://www.researchandmarkets.com/research/5b7b54/global_hardware?w=4