Hardware OTP Token Authentication

Global Market Trajectory & Analytics

MCP12258

EXECUTIVE ENGAGEMENTS

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DATE

APR 2021

TABLES

111

179

EDITION

8

PRICE

USD $4950

HIGHLIGHTS

Amid the COVID-19 crisis, the global market for Hardware OTP Token Authentication estimated at US$245.4 Million in the year 2020, is projected to reach a revised size of US$370.2 Million by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027. Connected, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$124 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Disconnected segment is readjusted to a revised 6% CAGR for the next 7-year period.

The Hardware OTP Token Authentication market in the U.S. is estimated at US$72.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$65.3 Million by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

In the global Contactless segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$77.4 Million in the year 2020 will reach a projected size of US$122.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$42.8 Million by the year 2027.

SELECT PLAYERS

Deepnet Security; Dell Technologies; Entrust Datacard Corporation; FEITIAN Technologies Co., Ltd.; Fortinet, Inc.; Gemalto NV; HID Global Corporation; ID Control; Nexus AG; Securemetric Technology Sdn. Bhd.; SecuTech Solutions Pty Ltd.; Symantec Corporation; VASCO Data Security International, Inc.; Yubico AB

SEGMENTS

» End-Use (BFSI, Enterprise Security, Government, Healthcare, Other End-Uses) » Segment (Connected, Disconnected, Contactless)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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