2012-12-10 20:32:20 - Global Hardware One-Time Password Token Authentication Market 2010-2014 - Market Research Report - a new market research report on companiesandmarkets.com
The declining price of hardware one-time password (OTP) tokens is resulting in increased adoption among small and medium-sized businesses (SMBs). Regulatory guidelines that were previously applicable only to large enterprises are now applicable to SMBs as well. Hence, the increasing frequency of attacks, coupled with the growing regulatory requirements, is driving SMBs to adopt strong authentication solutions such as hardware OTP tokens.
One of the major reasons for the growth in the overall IT Security market is strict compliance requirements. However, a key challenge facing this market is the growing preference for software authentication solutions over hardware OTP token solutions. As a result, the Software Authentication market has been witnessing stronger growth.
Our analysts forecast the Global Hardware One-Time Password (OTP) Token
Authentication market to grow at a CAGR of 8.4 percent over the period 2010â2014. One of the key factors contributing to this market growth is the increasing dependence on websites and web applications for transactions. The Global Hardware OTP Token Authentication market has also been witnessing the emergence of the unified platform for different authentication solutions. However, increasing acceptance of software authentication solutions could pose a challenge to the growth of this market.
This market research report, Global Hardware One-Time Password Token Authentication Market 2010â2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions. It covers the different OTP hardware tokens such as USB tokens, OTP simple tokens, and mini-tokens, but only analyzes the Two-factor Hardware OTP Authentication segment. The report does not investigate the Biometrics Authentication market. For the calculation of market size, the report considers both product as well as services revenues.
The report discusses the vendors that provide hardware OTP tokens to end-users. The report includes both the product revenue and services revenues for the calculation of vendor share. However, the report excludes vendors that do not have their own products and are ´service only´ vendors or value-added resellers.
Key vendors dominating this market include:
VASCO Data Security International Inc.
Key questions answered in this report
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
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