Table of Content

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Hardware OTP Token Authentication Market, by Region

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing Cyber Attacks and Need for Robust Authentication System
5.1.1.2. Rising Number of Online Transactions
5.1.1.3. Increasing Investments from BFSI Sector
5.1.2. Restraints
5.1.2.1. Major Shift Towards Biometric Authentication
5.1.3. Opportunities
5.1.3.1. Upsurging Advancements in Hardware OTP Token Authentication Devices
5.1.3.2. Rising Demand from Multi-Factor Authentication from Enterprises, BFSI, Government, and Healthcare
5.1.4. Challenges
5.1.4.1. Complex Security Infrastructure
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Hardware OTP Token Authentication Market, by Type
6.1. Introduction
6.2. Connected
6.3. Contactless
6.4. Disconnected

7. Hardware OTP Token Authentication Market, by End-User
7.1. Introduction
7.2. Banking, Financial Services & Insurance
7.3. Enterprise Security
7.4. Government
7.5. Healthcare

8. Americas Hardware OTP Token Authentication Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Hardware OTP Token Authentication Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Hardware OTP Token Authentication Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player

12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. BIO-key International
12.1.2. Broadcom Corporation
12.1.3. Deepnet Security Ltd.
12.1.4. Dell Technologies Inc.
12.1.5. Entrust Datacard Corporation
12.1.6. Feitian Technologies Co., Ltd.
12.1.7. Fortinet, Inc.
12.1.8. HID Global
12.1.9. ID Control
12.1.10. Microcosm Ltd.
12.1.11. Nexus Group
12.1.12. NortonLifeLock Inc.
12.1.13. One Identity LLC
12.1.14. OneLogin, Inc.
12.1.15. OneSpan
12.1.16. RSA Security LLC
12.1.17. SecureMetric Technology
12.1.18. SurepassID Corp.
12.1.19. Thales Group
12.1.20. Yubico AB
12.2. Key Product Portfolio

13. Appendix
13.1. Discussion Guide
13.2. License & Pricing



List of Figures

FIGURE 1. HARDWARE OTP TOKEN AUTHENTICATION MARKET RESEARCH PROCESS
FIGURE 2. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, 2023 VS 2030
FIGURE 3. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. HARDWARE OTP TOKEN AUTHENTICATION MARKET DYNAMICS
FIGURE 7. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 10. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. AMERICAS HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 12. AMERICAS HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. UNITED STATES HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 14. UNITED STATES HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. ASIA-PACIFIC HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. ASIA-PACIFIC HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. EUROPE, MIDDLE EAST & AFRICA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. EUROPE, MIDDLE EAST & AFRICA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. HARDWARE OTP TOKEN AUTHENTICATION MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 20. HARDWARE OTP TOKEN AUTHENTICATION MARKET SHARE, BY KEY PLAYER, 2023

List of Tables

TABLE 1. HARDWARE OTP TOKEN AUTHENTICATION MARKET SEGMENTATION & COVERAGE
TABLE 2. UNITED STATES DOLLAR EXCHANGE RATE, 2018–2023
TABLE 3. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, 2018-2030 (USD MILLION)
TABLE 4. GLOBAL HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY REGION, 2018-2030 (USD MILLION)
TABLE 5. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 6. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY CONNECTED, BY REGION, 2018-2030 (USD MILLION)
TABLE 7. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY CONTACTLESS, BY REGION, 2018-2030 (USD MILLION)
TABLE 8. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY DISCONNECTED, BY REGION, 2018-2030 (USD MILLION)
TABLE 9. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 10. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY BANKING, FINANCIAL SERVICES & INSURANCE, BY REGION, 2018-2030 (USD MILLION)
TABLE 11. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY ENTERPRISE SECURITY, BY REGION, 2018-2030 (USD MILLION)
TABLE 12. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY GOVERNMENT, BY REGION, 2018-2030 (USD MILLION)
TABLE 13. HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY HEALTHCARE, BY REGION, 2018-2030 (USD MILLION)
TABLE 14. AMERICAS HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 15. AMERICAS HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 16. AMERICAS HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 17. ARGENTINA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 18. ARGENTINA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 19. BRAZIL HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 20. BRAZIL HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 21. CANADA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 22. CANADA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 23. MEXICO HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 24. MEXICO HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 25. UNITED STATES HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 26. UNITED STATES HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 27. UNITED STATES HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY STATE, 2018-2030 (USD MILLION)
TABLE 28. ASIA-PACIFIC HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 29. ASIA-PACIFIC HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 30. ASIA-PACIFIC HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 31. AUSTRALIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 32. AUSTRALIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 33. CHINA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 34. CHINA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 35. INDIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 36. INDIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 37. INDONESIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 38. INDONESIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 39. JAPAN HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 40. JAPAN HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 41. MALAYSIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 42. MALAYSIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 43. PHILIPPINES HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 44. PHILIPPINES HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 45. SINGAPORE HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 46. SINGAPORE HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 47. SOUTH KOREA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 48. SOUTH KOREA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 49. TAIWAN HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 50. TAIWAN HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 51. THAILAND HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 52. THAILAND HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 53. VIETNAM HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 54. VIETNAM HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 55. EUROPE, MIDDLE EAST & AFRICA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 56. EUROPE, MIDDLE EAST & AFRICA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 57. EUROPE, MIDDLE EAST & AFRICA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 58. DENMARK HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 59. DENMARK HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 60. EGYPT HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 61. EGYPT HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 62. FINLAND HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 63. FINLAND HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 64. FRANCE HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 65. FRANCE HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 66. GERMANY HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 67. GERMANY HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 68. ISRAEL HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 69. ISRAEL HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 70. ITALY HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 71. ITALY HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 72. NETHERLANDS HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 73. NETHERLANDS HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 74. NIGERIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 75. NIGERIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 76. NORWAY HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 77. NORWAY HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 78. POLAND HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 79. POLAND HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 80. QATAR HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 81. QATAR HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 82. RUSSIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 83. RUSSIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 84. SAUDI ARABIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 85. SAUDI ARABIA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 86. SOUTH AFRICA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 87. SOUTH AFRICA HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 88. SPAIN HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 89. SPAIN HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 90. SWEDEN HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 91. SWEDEN HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 92. SWITZERLAND HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 93. SWITZERLAND HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 94. TURKEY HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 95. TURKEY HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 96. UNITED ARAB EMIRATES HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 97. UNITED ARAB EMIRATES HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 98. UNITED KINGDOM HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
TABLE 99. UNITED KINGDOM HARDWARE OTP TOKEN AUTHENTICATION MARKET SIZE, BY END-USER, 2018-2030 (USD MILLION)
TABLE 100. HARDWARE OTP TOKEN AUTHENTICATION MARKET, FPNV POSITIONING MATRIX, 2023
TABLE 101. HARDWARE OTP TOKEN AUTHENTICATION MARKET SHARE, BY KEY PLAYER, 2023
TABLE 102. HARDWARE OTP TOKEN AUTHENTICATION MARKET LICENSE & PRICING