Global Hardware OTP Token Authentication Industry (2020 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 9, 2021--
The “Hardware OTP Token Authentication - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Hardware OTP Token Authentication estimated at US$245.4 Million in the year 2020, is projected to reach a revised size of US$370.2 Million by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027.
Connected, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$124 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Disconnected segment is readjusted to a revised 6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $72.4 Million, While China is Forecast to Grow at 5.7% CAGR
The Hardware OTP Token Authentication market in the U.S. is estimated at US$72.4 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$65.3 Million by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
Contactless Segment to Record 6.7% CAGR
In the global Contactless segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$77.4 Million in the year 2020 will reach a projected size of US$122.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$42.8 Million by the year 2027.
Select Competitors (Total 38 Featured):
- Deepnet Security
- Dell Technologies
- Entrust Datacard Corporation
- FEITIAN Technologies Co., Ltd.
- Fortinet, Inc.
- Gemalto NV
- HID Global Corporation
- ID Control
- Nexus AG
- Securemetric Technology Sdn. Bhd.
- SecuTech Solutions Pty Ltd.
- Symantec Corporation
- VASCO Data Security International, Inc.
- Yubico AB
Key Topics Covered:
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
- Total Companies Profiled: 38
For more information about this report visit https://www.researchandmarkets.com/r/iv9x8q
View source version on businesswire.com:https://www.businesswire.com/news/home/20210709005232/en/
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INDUSTRY KEYWORD: TECHNOLOGY HARDWARE
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 07/09/2021 08:35 AM/DISC: 07/09/2021 08:35 AM