Global Hardware OTP Token Authentication Market 2016-2020

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.

Technavio’s 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

Technavio's 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 driver
• Preference for convenience and instant use
• For a full, detailed list, view our report

Market challenge
• Rise in adoption of software authentication methods
• For a full, detailed list, view our report

Market trend
• Increasing adoption of authentication solutions by SMEs
• For a full, detailed list, view our report

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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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