Global OnTime Password (OTP) Tokens Market by Type (OnButton Token, Fingerprinprotedted Token, NFenabled Tokens), By Application (BFSI, Manufacturing Industry, Government & Defense, Transportation) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2021 To 2030. The global on-time password tokens market is expected to grow from USD 1.5 billion in 2018 to USD 2.2 billion by 2030 at a CAGR of 5.6% during the forecast period from 2021 to 2030. The growth of this market can be attributed to the increasing adoption of on-time password tokens for authentication purposes in various industries such as banking and financial services industry and manufacturing industry among others due to their high security features such as two-factor authentication and encryption which makes them difficult for hackers or unauthorized users to access sensitive data stored on these devices. Moreover, the growing need for secure authentication methods is also driving the growth of this market globally.
Some Of The Growth Factors Of This Market:
- The One-Time Password (OTP) Tokens market is driven by factors such as increasing security concerns, growing need for password management, and rising adoption of OTP tokens in the banking sector.
- Increasing adoption of OTP tokens in the banking sector is one of the major drivers for this market growth as it helps banks to comply with regulatory requirements and reduce frauds related to online transactions.
- Increasing security concerns among consumers are also driving this market growth as they are looking for more secure ways to authenticate themselves on various platforms such as social media, e-commerce sites, etc, which has led them towards using One-Time Password (OTP) Tokens instead of passwords or PINs that can be easily hacked or stolen from their devices or accounts.
- The One-Time Password (OTP) Tokens market faces some challenges such as lack of awareness about its benefits among consumers and high cost associated with its deployment.
Industry Growth Insights published a new data on “One-Time Password (OTP) Tokens Market”. The research report is titled “One-Time Password (OTP) Tokens Market research by Types (One-Button Token, Fingerprint-protedted Token, NFC-enabled Tokens, Others), By Applications (BFSI, Manufacturing Industry, Government & Defense, Transportation, Others), By Players/Companies Authenex, OneSpan, Microcosm, Gemalto, SurePassID, RSA Security, Entrust Datacard, SafeNet, HID Global, ID Control”.
Scope Of The Report
Report Attributes
Report Details
Report Title
One-Time Password (OTP) Tokens Market Research Report
By Type
One-Button Token, Fingerprint-protedted Token, NFC-enabled Tokens, Others
By Application
BFSI, Manufacturing Industry, Government & Defense, Transportation, Others
By Companies
Authenex, OneSpan, Microcosm, Gemalto, SurePassID, RSA Security, Entrust Datacard, SafeNet, HID Global, ID Control
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global One-Time Password (OTP) Tokens Market Report Segments:
The global One-Time Password (OTP) Tokens market is segmented on the basis of:
Types
One-Button Token, Fingerprint-protedted Token, NFC-enabled Tokens, Others
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, Manufacturing Industry, Government & Defense, 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:
- Authenex
- OneSpan
- Microcosm
- Gemalto
- SurePassID
- RSA Security
- Entrust Datacard
- SafeNet
- HID Global
- ID Control
Highlights of The One-Time Password (OTP) Tokens 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-Button Token
- Fingerprint-protedted Token
- NFC-enabled Tokens
- Others
- By Application:
- BFSI
- Manufacturing Industry
- Government & Defense
- 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 One-Time Password (OTP) Tokens 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?
OTP tokens are a type of digital security token that can be used to authenticate users and access protected resources. OTP tokens use one-time passwords (OTPs) to generate unique codes that are needed in order to access the resource.
Some of the major companies in the one-time password (otp) tokens market are Authenex, OneSpan, Microcosm, Gemalto, SurePassID, RSA Security, Entrust Datacard, SafeNet, HID Global, ID Control.
The one-time password (otp) tokens market is expected to grow at a compound annual growth rate of 5.6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. One-Time Password (OTP) Tokens Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. One-Time Password (OTP) Tokens Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. One-Time Password (OTP) Tokens Market - Supply Chain
4.5. Global One-Time Password (OTP) Tokens Market Forecast
4.5.1. One-Time Password (OTP) Tokens Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. One-Time Password (OTP) Tokens Market Size (000 Units) and Y-o-Y Growth
4.5.3. One-Time Password (OTP) Tokens Market Absolute $ Opportunity
5. Global One-Time Password (OTP) Tokens Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. One-Time Password (OTP) Tokens Market Size and Volume Forecast by Type
5.3.1. One-Button Token
5.3.2. Fingerprint-protedted Token
5.3.3. NFC-enabled Tokens
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global One-Time Password (OTP) Tokens Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. One-Time Password (OTP) Tokens Market Size and Volume Forecast by Application
6.3.1. BFSI
6.3.2. Manufacturing Industry
6.3.3. Government & Defense
6.3.4. Transportation
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global One-Time Password (OTP) Tokens Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. One-Time Password (OTP) Tokens Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global One-Time Password (OTP) Tokens Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. One-Time Password (OTP) Tokens Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global One-Time Password (OTP) Tokens Demand Share Forecast, 2019-2026
9. North America One-Time Password (OTP) Tokens Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America One-Time Password (OTP) Tokens Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America One-Time Password (OTP) Tokens Market Size and Volume Forecast by Application
9.4.1. BFSI
9.4.2. Manufacturing Industry
9.4.3. Government & Defense
9.4.4. Transportation
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America One-Time Password (OTP) Tokens Market Size and Volume Forecast by Type
9.7.1. One-Button Token
9.7.2. Fingerprint-protedted Token
9.7.3. NFC-enabled Tokens
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America One-Time Password (OTP) Tokens Demand Share Forecast, 2019-2026
10. Latin America One-Time Password (OTP) Tokens Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America One-Time Password (OTP) Tokens Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America One-Time Password (OTP) Tokens Market Size and Volume Forecast by Application
10.4.1. BFSI
10.4.2. Manufacturing Industry
10.4.3. Government & Defense
10.4.4. Transportation
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America One-Time Password (OTP) Tokens Market Size and Volume Forecast by Type
10.7.1. One-Button Token
10.7.2. Fingerprint-protedted Token
10.7.3. NFC-enabled Tokens
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America One-Time Password (OTP) Tokens Demand Share Forecast, 2019-2026
11. Europe One-Time Password (OTP) Tokens Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe One-Time Password (OTP) Tokens Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe One-Time Password (OTP) Tokens Market Size and Volume Forecast by Application
11.4.1. BFSI
11.4.2. Manufacturing Industry
11.4.3. Government & Defense
11.4.4. Transportation
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe One-Time Password (OTP) Tokens Market Size and Volume Forecast by Type
11.7.1. One-Button Token
11.7.2. Fingerprint-protedted Token
11.7.3. NFC-enabled Tokens
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe One-Time Password (OTP) Tokens Demand Share, 2019-2026
12. Asia Pacific One-Time Password (OTP) Tokens Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific One-Time Password (OTP) Tokens Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific One-Time Password (OTP) Tokens Market Size and Volume Forecast by Application
12.4.1. BFSI
12.4.2. Manufacturing Industry
12.4.3. Government & Defense
12.4.4. Transportation
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific One-Time Password (OTP) Tokens Market Size and Volume Forecast by Type
12.7.1. One-Button Token
12.7.2. Fingerprint-protedted Token
12.7.3. NFC-enabled Tokens
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific One-Time Password (OTP) Tokens Demand Share, 2019-2026
13. Middle East & Africa One-Time Password (OTP) Tokens Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa One-Time Password (OTP) Tokens Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa One-Time Password (OTP) Tokens Market Size and Volume Forecast by Application
13.4.1. BFSI
13.4.2. Manufacturing Industry
13.4.3. Government & Defense
13.4.4. Transportation
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa One-Time Password (OTP) Tokens Market Size and Volume Forecast by Type
13.7.1. One-Button Token
13.7.2. Fingerprint-protedted Token
13.7.3. NFC-enabled Tokens
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa One-Time Password (OTP) Tokens Demand Share, 2019-2026
14. Competition Landscape
14.1. Global One-Time Password (OTP) Tokens Market: Market Share Analysis
14.2. One-Time Password (OTP) Tokens Distributors and Customers
14.3. One-Time Password (OTP) Tokens Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Authenex
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. OneSpan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Microcosm
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Gemalto
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SurePassID
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. RSA Security
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Entrust Datacard
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SafeNet
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HID Global
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ID Control
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook