Global OTP Hardware Authentication Market

Upsurge in the degree of Internet-based transactions is among the main aspects that is driving the global hardware OTP (one-time password) authentication market. A one-time password (OTP), also known multi-factor authentication, is valid for only one login session or transaction and includes a primary password as well as one-time use passcode. Multi-factor authentication prevents theft as the information is stored in the form of a digital record in the database, which makes it highly impossible to reconstruct, decrypt, or manipulate. The hardware OTP token authentication allows fixing public authentication security problems with the addition of an extra aspect for powerful verification.

There are different types of tokens such as USB tokens, SIM tokens, and mini tokens. On the basis of vertical, the worldwide hardware OTP authentication market could be segmented into finance, manufacturing, government, healthcare entertainment, travel and transportation, defense, commercial security, and consumer electronics.
The hardware OTP verification marketplace not only helps in increasing and investigating the efficiency of cellular and distant personnel identification but also supports in protecting the security of transaction methods.

The report deals with all the driving factors, restraints, and opportunities with respect to the OTP hardware authentication market, which are helpful in identifying trends and key success factors for the industry. The report also includes qualitative analysis of the market by incorporating complete demand and capacity analysis, and Porter’s analysis of the OTP hardware authentication market.

The major market players in the OTP hardware authentication market include Gemalto N.V. (The Netherlands), RSA (U.S.), VASCO (U.S.), Entrust (U.S.), EMC Corporation (U.S.). This report provides the competitive landscape of the key players that covers the key growth strategies. The report also formulates the entire value chain of the market, along with the industry trends of OTP (one-time password) authentication market.

This report focuses on giving an insight view of the complete OTP hardware authentication market, with detailed market segmentations, combined with the analysis of each and every aspect of the classification on the basis of type, vertical, and geography. All the revenue-based numbers, at every level of detail, are forecast till 2021 to give a glimpse of the potential revenue base in this market