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Research and Markets: Global Hardware One Time Password (OTP) Token Authentication Market 2014-2018DUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/v78tjz/global_hardware) has announced the addition of the "Global Hardware One Time Password (OTP) Token Authentication Market 2014-2018" report to their offering. The Global Hardware One-time Password Token (OTP) Authentication market will grow at a CAGR of 9.96 percent during the period 2014-2018. Hardware OTP authentication is a two-factor authentication solution that enables secure remote network access and digital signature functionality with the help of a physical hardware authenticator or a secure token. Hardware OTP utilizes a separate device or a security token issued to a user to generate a password that acts as a second factor for authentication. There are different types of tokens such as OTP tokens, USB tokens, SIM tokens, and mini tokens. These are required for added security in critical infrastructures and in companies that witness a high level of online activity. Since hardware OTP tokens provide a second layer of secure authentication, it becomes difficult for attackers to hack into a user's system.Even in cases of identity theft, attackers will not be able to cause any harm unless they have access to the secure hardware token. This report covers the present scenario and the growth prospects of the Global Hardware OTP Token Authentication market for the period 2014-2018. To calculate the market size, the report considers revenue generated from sales of hardware OTP tokens. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global Hardware OTP Token Authentication market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market. Key Vendors Other Prominent Vendors
Further, the report states that one main challenge that hinders market growth is the acceptance of software authentication solutions owing to their ease of use and low installation costs. These are also being widely adopted in non-traditional industries, which affects the demand for hardware OTP tokens. Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/v78tjz/global_hardware
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