Global Hardware One Time Password (OTP) Token Authentication Market 2014-2018: Key Vendors are Gemanlto, RSA Security, SafeNet and VASCO Data Security

DUBLIN, Oct. 10, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Hardware One Time Password (OTP) Token Authentication Market 2014-2018" report to their offering.

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Hardware OTP authentication is a two-factor authentication solution that enables secure remote network access and digital signature functionality with the help of a physical hardware authenticator or a secure token. Hardware OTP utilizes a separate device or a security token issued to a user to generate a password that acts as a second factor for authentication. There are different types of tokens such as OTP tokens, USB tokens, SIM tokens, and mini tokens.

These are required for added security in critical infrastructures and in companies that witness a high level of online activity. Since hardware OTP tokens provide a second layer of secure authentication, it becomes difficult for attackers to hack into a user's system. Even in cases of identity theft, attackers will not be able to cause any harm unless they have access to the secure hardware token.

The analysts forecast the Global Hardware One-time Password Token (OTP) Authentication market will grow at a CAGR of 9.96 percent during the period 2014-2018.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Hardware OTP Token Authentication market for the period 2014-2018. To calculate the market size, the report considers revenue generated from sales of hardware OTP tokens. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global Hardware OTP Token Authentication market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

The Global Authentication market comprises software and hardware authentication solutions. Despite the respective advantages and disadvantages of software and hardware authentication solutions, the segments are expected to coexist. Some industries that are more cost conscious will adopt software authentication solutions, whereas large enterprises with traditional setups will adopt hardware authentication solutions.

Hence, vendors are introducing a unified platform that can provide both hardware and software authentication solutions. This unified platform will also help authentication vendors reduce costs since they would not need to maintain separate platforms and modules. Additionally, this could help increase the adoption of hardware OTP token authentication solutions as a unified platform to enable end-users to switch easily to other hardware OTP token authentication solutions.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. End-user Segmentation

08. Geographical Segmentation

09. Market Attractiveness

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Trends and their Impact

17. Vendor Landscape

18. Key Vendor Analysis

19. Other Reports in this Series

Companies Mentioned:

• Gemanlto N.V.
• RSA Security Inc.
• SafeNet Inc.
• VASCO Data Security International Inc.
• ActivIdentity Corp.
• Deepnet Security Ltd.
• Entrust Inc.
• Gemalto N.V.
• ID Control
• RSA Security Inc.
• SafeNet Technology Ltd.
• Symantec Corp.
• VASCO Data Security International Inc.
• Yubico AB

For more information visit http://www.researchandmarkets.com/research/34t6zn/global_hardware

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net