- The key vendors in the Global Hardware OTP Token Authentication Market 2015-2019 are EMC Corp., Gemalto NV, SafeNet Inc. and VASCO Data Security International Inc.
London, 02 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Hardware OTP Token Authentication Market 2015-2019. 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. The overall market is expected to grow at a CAGR of 8.38 percent during the forecast period of 2014-2019.
The hardware OTP token authentication method is mainly used in critical infrastructures where organizations have a lot of online activity that needs added cyber-security. The two-factor authentication method prevents attackers from hacking into the system of such organizations, thus protecting their critical data. Moreover, it helps check the productivity of remote and mobile employees along with maintaining the security of sensitive assets and systems.
“The adoption of hardware OTP is highest in the Americas because a number of sectors are already using such devices,” says Faisal Ghaus, Vice President of TechNavio Research.
“Many companies are using hardware OTP token authentication to accommodate the working requirements of a mobile workforce.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
