HARDWARE OTP TOKEN AUTHENTICATION MARKET IS EXPECTED TO EXHIBIT SIGNIFICANT GROWTH OVER 2030

Hardware OTP Token Authentication Market Is Expected To Exhibit Significant Growth Over 2030

Hardware OTP Token Authentication Market Is Expected To Exhibit Significant Growth Over 2030

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The global hardware OTP token authentication market is expected to grow at a significant CAGR of 18% during the forecast period (2021-2027). The major factors propelling the growth of the global hardware OTP token authentication market include the mobility factor of these hardware devices which remove the demand for identity management using external software and hardware. The increased degree of security provided by these tokens is a major element driving up demand in a variety of end-user sectors all over the globe.

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The key players contributing to the growth of the global hardware OTP token authentication market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include One Identity LLC, Dell Technologies Inc., Entrust Datacard Corporation, Thales Group (Gemalto NV), RSA Security LLC, among others. For instance, in June 2020, HID Global's biometrics identification management systems have been introduced to police departments and military locations all around the globe. End users, such as law enforcement personnel, can utilize the HID NOMAD 30 Pocket Reader's PIV-certified sensor to swiftly collect and verify single fingerprints against databases, eliminating the need to transfer suspects to a central booking station.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Global Hardware OTP Token Authentication Market - Segmentation

By Type

  • Connected

  • Disconnected

  • Contactless


By End-user

  • Banking, Financial Services & Insurance

  • Government

  • Enterprise Security

  • Healthcare

  • Other


Global Hardware OTP Token Authentication Market - Segmentation by region

North America

  • US

  • copyright


Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Rest of Europe


Asia-Pacific

  • China

  • Japan

  • India

  • Rest of Asia-Pacific


Rest of the World

  • Latin America

  • Middle East and Africa


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