About Hardware Token
Hardware token is a small, physical device. It provides authentication with token cards. Instead of receiving one-time passwords on the mobile phone the users obtain passwords from a token card. The customer assigns token cards to users that require the authentication method. Some of the hardware tokens having an internal clock that, in combination with the device’s unique identifier, an input PIN or password, and potentially other factors, is used to generate a code.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Hardware Token market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hardware Token market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
YubiKey (United States), Gemalto N.V. (Netherlands), RSA Security Inc. (United States), VASCO (United States), Entrust (United States), EMC Corporation (United States), SafeNet Inc. (United States), ActivIdentity Corp. (United States), Deepnet Security Ltd. (UK) and ID Control B.V. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Symantec Corp. (United States), VASCO Data Security International Inc. (United States) and Yubico AB (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Hardware Token market by Type (USB Tokens, SIM Tokens and Mini Tokens), Application (BFSI, Manufacturing Industry, Government & Defence, Transportation and Others) and Region.
On the basis of geography, the market of Hardware Token has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Hardware Token market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hardware, the sub-segment i.e. Disconnected Tokens will boost the Hardware Token market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Demand of Multifactor Authentication
Market Growth Drivers:
Increase Demand of High Security for Banking Credential and Increase Adoption of Smartphones
Challenges:
Relatively Expensive, Easy To Lose and Its Administration and Maintenance Often Take a Heavy Toll on It Departments
Restraints:
Increasing Adoption of Software Token Is Hampering the Growth of Hardware Token Market
Opportunities:
It Has High Potential Where Internet Access in Not Present, Because Of It Work On Without Any Internet Connection
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Hardware Token Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.