Market Overview:
The global two factor authentication display card market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of two factor authentication by organizations across different industries and the rising demand for secure authentication methods. Based on type, the global two factor authentication display card market is segmented into one time password (OTP) display cards and OTP and biometric display cards. The OTP and biometric segment is expected to grow at a higher CAGR than the one time password (OTP) segment during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for more secure authentication methods, which are offered by biometric displays cards. Based on application, the global two factor authentication display card market is divided into BFSI, government & public utilities, transportation, healthcare & pharmaceuticals and others segments. The BFSI sector accounted for majority of share in terms of revenue in 2017 and it is projected that this trend would continue duringthe forecast period from 2018-2030 as well owingto th e growing need for secured transactions among various businesses such as banksand other financial institutions .
Product Definition:
A Two Factor Authentication Display Card is a physical security token that provides an additional layer of authentication for user sign-in. The card is typically inserted into a USB port or reader, and then the user is prompted to enter a PIN or password to gain access to the system. The card provides an extra level of security by ensuring that only authorized users can gain access to protected systems.
One Time Password (OTP) Display Card:
One time password or OTP is a type of security code used in two-factor authentication. It is widely used across the banking and finance sector for user verification purposes. The growth factor for this market is increasing demand from retail customers to access their online banking services such as mobile payments, transfers, balance checks, among others.
OTP and Biometric Display Card:
OTP is One Time Password and Biometric Display Card is used in Two Factor Authentication. OTP or one time password uses a combination of letters, digits and punctuation marks for the authentication process. On the other hand, biometrics are unique physical characteristics such as fingerprint or facial recognition used for verification purposes.
Application Insights:
The BFSI application segment accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growing adoption of two factor authentication across all sectors, especially banking, financial services and insurance has led to increased demand for display cards that support this technology. Moreover, increasing awareness among users about the benefits of multi-factor authentication such as enhanced security against cyberattacks is further driving its demand in this sector.
OTP and OTP & biometric display card are some of the most widely used types of two factor authentication display card. These cards both require a one time password as a secondary factor when logging on to an account from a new device or computer. Increasing data breaches at companies worldwide have raised concerns about user safety leading organizations to deploy multifactor authentication solutions such as MFA+.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government regulations for data security and compliance, presence of major players such as Gemalto NV, and heightened awareness among end users regarding the benefits of two-factor authentication.
Asia Pacific is estimated to be the fastest-growing region from 2018 to 2030 owing to rising adoption by enterprises for enhanced customer experience and improved data security. Increasing penetration of smart devices coupled with growing smartphone adoption in this region will drive demand further. Moreover, increasing investments by governments across countries such as India are driving demand from public safety applications such as law enforcement agencies, fire departments, etc., thereby boosting regional growth significantly over the forecast period.
Growth Factors:
- Increasing demand for Two Factor Authentication from small and medium businesses
- Growing awareness about the benefits of Two Factor Authentication
- Proliferation of online and mobile banking transactions
- Stringent government regulations for data security and privacy
- Rising cybercrime rates
Scope Of The Report
Report Attributes
Report Details
Report Title
Two Factor Authentication Display Card Market Research Report
By Type
One Time Password (OTP) Display Card, OTP and Biometric Display Card
By Application
BFSI, Government & Public Utilities, Transportation, Others
By Companies
Thales, Giesecke & Devrient, IDEMIA, Kona I, SmartDisplayer Technology Co, Goldpac Group Ltd, Anica
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Two Factor Authentication Display Card Market Report Segments:
The global Two Factor Authentication Display Card market is segmented on the basis of:
Types
One Time Password (OTP) Display Card, OTP and Biometric Display Card
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Government & Public Utilities, Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thales
- Giesecke & Devrient
- IDEMIA
- Kona I
- SmartDisplayer Technology Co
- Goldpac Group Ltd
- Anica
Highlights of The Two Factor Authentication Display Card Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- One Time Password (OTP) Display Card
- OTP and Biometric Display Card
- By Application:
- BFSI
- Government & Public Utilities
- Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Two Factor Authentication Display Card Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Two Factor Authentication Display Card is a hardware security module that helps protect your computer from unauthorized access. The card has two components: a smartcard reader and an authentication server. When you log in to your computer, the authentication server requests that you enter your username and password. If you're using Two Factor Authentication Display Card, the smartcard reader also requires verification of your identity by reading the card's data.
Some of the major players in the two factor authentication display card market are Thales, Giesecke & Devrient, IDEMIA, Kona I, SmartDisplayer Technology Co, Goldpac Group Ltd, Anica.
The two factor authentication display card market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Two Factor Authentication Display Card Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Two Factor Authentication Display Card Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Two Factor Authentication Display Card Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Two Factor Authentication Display Card Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Two Factor Authentication Display Card Market Size & Forecast, 2020-2028
4.5.1 Two Factor Authentication Display Card Market Size and Y-o-Y Growth
4.5.2 Two Factor Authentication Display Card Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 One Time Password (OTP) Display Card
5.2.2 OTP and Biometric Display Card
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government & Public Utilities
6.2.3 Transportation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Two Factor Authentication Display Card Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Two Factor Authentication Display Card Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 One Time Password (OTP) Display Card
9.6.2 OTP and Biometric Display Card
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government & Public Utilities
9.10.3 Transportation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 One Time Password (OTP) Display Card
10.6.2 OTP and Biometric Display Card
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government & Public Utilities
10.10.3 Transportation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 One Time Password (OTP) Display Card
11.6.2 OTP and Biometric Display Card
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government & Public Utilities
11.10.3 Transportation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 One Time Password (OTP) Display Card
12.6.2 OTP and Biometric Display Card
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government & Public Utilities
12.10.3 Transportation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 One Time Password (OTP) Display Card
13.6.2 OTP and Biometric Display Card
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government & Public Utilities
13.10.3 Transportation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Two Factor Authentication Display Card Market: Competitive Dashboard
14.2 Global Two Factor Authentication Display Card Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thales
14.3.2 Giesecke & Devrient
14.3.3 IDEMIA
14.3.4 Kona I
14.3.5 SmartDisplayer Technology Co
14.3.6 Goldpac Group Ltd
14.3.7 Anica
