Hardware Otp Token Authentication Market Analysis, Trends, Outlook and Research Report 2016

Technavio Announces the Publication of its Research Report Global Hardware OTP Token Authentication Market 2016-2020

Technavio recognizes the following companies as the key players in the global hardware OTP token authentication market: Gemalto, Dell, VASCO, and Symantec.

Other Prominent Vendors in the market are: Authenex, Deepnet Security, Entrust, FEITIAN Technologies, Fortinet, HID, ID Control, Nexus, PortalGuard, SecuTech, SecureMetric Technology, and Yubico.

Browse full report with TOC@ https://marketreportscenter.com/reports/374174/global-hardware-otp-token-authentication-market-2016-2020

Commenting on the report, an analyst from Technavios team said: The global authentication market includes both software and hardware authentication methods. The organizations that are cost conscious have moved to software authentication methods whereas certain organizations, mostly in the government sector, are continuing with the hardware authentication methods. Now, the vendors are introducing a unified platform, which would allow the use of both hardware and software authentication methods, eliminating the cost involved in shifting from one platform and module to another. Also, users can easily switch from one hardware OTP token authentication solution to another hardware OTP authentication solution. SecureAuths' SecureAuth IdP provides authentication security, single sign-on, and user self-service tools in a unified platform. The introduction of unified platforms is a growing trend in the global hardware OTP token authentication market.”

According to the report, cyber-attacks are increasing, especially against websites where the number of online transactions is significantly high. Hackers are also targeting certain lucrative sectors that have a huge number of online customers. To make online transactions secure, organizations have started using the hardware OTP token authentication method. Hence, the rapid increase in the volume of online transactions...