The global market for Hardware OTP Token Authentication was valued at US$ 372 million in the year 2024 and is projected to reach a revised size of US$ 557 million by 2031, growing at a CAGR of 6.0% during the forecast period.

Hardware OTP Token Authentication Market

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.

Hardware OTP tokens are a product category within the two-factor authentication sector, primarily used for ensuring user authentication and access management applications. Primary authentication is followed by the secondary authentication using a hardware device. Since user login authentication without the possession of hardware devices is not allowed, hardware tokens are reliable in ensuring authenticated user login. Further, hardware OTP tokens are highly instrumental in preventing any chance of network infiltration. The portability factor associated with these hardware devices also eliminates the need for external software and hardware for identity management. The enhanced level of security provided by these tokens is a significant factor reinforcing their demand across the various end-user industries around the world.

This report aims to provide a comprehensive presentation of the global market for Hardware OTP Token Authentication, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hardware OTP Token Authentication.

The Hardware OTP Token Authentication market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Hardware OTP Token Authentication market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Hardware OTP Token Authentication companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Scope of Hardware OTP Token Authentication Market Report

Report Metric	Details
Report Name	Hardware OTP Token Authentication Market
Accounted market size in year	US$ 372 million
Forecasted market size in 2031	US$ 557 million
CAGR	6.0%
Base Year	year
Forecasted years	2025 - 2031
Segment by Type	USB Tokens SIM Tokens Mini Tokens
Segment by Application	Banking, Financial Services and Insurance (BFSI) Healthcare Government PCI (Payment Card Industry) Commercial Security Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	Dell, Gemalto, Symantec, VASCO, Authenex, Deepnet Security, Entrust, FEITIAN Technologies, Fortinet, HID, ID Control, Nexus, PortalGuard, SecureMetric Technology, Yubico
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Hardware OTP Token Authentication company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

FAQ for this report

How fast is Hardware OTP Token Authentication Market growing?

Ans: The Hardware OTP Token Authentication Market witnessing a CAGR of 6.0% during the forecast period 2025-2031.

What is the Hardware OTP Token Authentication Market size in 2031?

Ans: The Hardware OTP Token Authentication Market size in 2031 will be US$ 557 million.

Who are the main players in the Hardware OTP Token Authentication Market report?

Ans: The main players in the Hardware OTP Token Authentication Market are Dell, Gemalto, Symantec, VASCO, Authenex, Deepnet Security, Entrust, FEITIAN Technologies, Fortinet, HID, ID Control, Nexus, PortalGuard, SecureMetric Technology, Yubico

What are the Application segmentation covered in the Hardware OTP Token Authentication Market report?

Ans: The Applications covered in the Hardware OTP Token Authentication Market report are Banking, Financial Services and Insurance (BFSI), Healthcare, Government, PCI (Payment Card Industry), Commercial Security, Others

What are the Type segmentation covered in the Hardware OTP Token Authentication Market report?

Ans: The Types covered in the Hardware OTP Token Authentication Market report are USB Tokens, SIM Tokens, Mini Tokens

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Hardware OTP Token Authentication Market Size Growth Rate by Type: 2020 VS 2024 VS 2031

1.2.2 USB Tokens

1.2.3 SIM Tokens

1.2.4 Mini Tokens

1.3 Market by Application

1.3.1 Global Hardware OTP Token Authentication Market Growth by Application: 2020 VS 2024 VS 2031

1.3.2 Banking, Financial Services and Insurance (BFSI)

1.3.3 Healthcare

1.3.4 Government

1.3.5 PCI (Payment Card Industry)

1.3.6 Commercial Security

1.3.7 Others

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Global Growth Trends

2.1 Global Hardware OTP Token Authentication Market Perspective (2020-2031)

2.2 Global Hardware OTP Token Authentication Growth Trends by Region

2.2.1 Global Hardware OTP Token Authentication Market Size by Region: 2020 VS 2024 VS 2031

2.2.2 Hardware OTP Token Authentication Historic Market Size by Region (2020-2025)

2.2.3 Hardware OTP Token Authentication Forecasted Market Size by Region (2026-2031)

2.3 Hardware OTP Token Authentication Market Dynamics

2.3.1 Hardware OTP Token Authentication Industry Trends

2.3.2 Hardware OTP Token Authentication Market Drivers

2.3.3 Hardware OTP Token Authentication Market Challenges

2.3.4 Hardware OTP Token Authentication Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Hardware OTP Token Authentication Players by Revenue

3.1.1 Global Top Hardware OTP Token Authentication Players by Revenue (2020-2025)

3.1.2 Global Hardware OTP Token Authentication Revenue Market Share by Players (2020-2025)

3.2 Global Hardware OTP Token Authentication Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Global Key Players Ranking by Hardware OTP Token Authentication Revenue

3.4 Global Hardware OTP Token Authentication Market Concentration Ratio

3.4.1 Global Hardware OTP Token Authentication Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Hardware OTP Token Authentication Revenue in 2024

3.5 Global Key Players of Hardware OTP Token Authentication Head office and Area Served

3.6 Global Key Players of Hardware OTP Token Authentication, Product and Application

3.7 Global Key Players of Hardware OTP Token Authentication, Date of Enter into This Industry

3.8 Mergers & Acquisitions, Expansion Plans

4 Hardware OTP Token Authentication Breakdown Data by Type

4.1 Global Hardware OTP Token Authentication Historic Market Size by Type (2020-2025)

4.2 Global Hardware OTP Token Authentication Forecasted Market Size by Type (2026-2031)

5 Hardware OTP Token Authentication Breakdown Data by Application

5.1 Global Hardware OTP Token Authentication Historic Market Size by Application (2020-2025)

5.2 Global Hardware OTP Token Authentication Forecasted Market Size by Application (2026-2031)

6 North America

6.1 North America Hardware OTP Token Authentication Market Size (2020-2031)

6.2 North America Hardware OTP Token Authentication Market Growth Rate by Country: 2020 VS 2024 VS 2031

6.3 North America Hardware OTP Token Authentication Market Size by Country (2020-2025)

6.4 North America Hardware OTP Token Authentication Market Size by Country (2026-2031)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe Hardware OTP Token Authentication Market Size (2020-2031)

7.2 Europe Hardware OTP Token Authentication Market Growth Rate by Country: 2020 VS 2024 VS 2031

7.3 Europe Hardware OTP Token Authentication Market Size by Country (2020-2025)

7.4 Europe Hardware OTP Token Authentication Market Size by Country (2026-2031)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8 Asia-Pacific

8.1 Asia-Pacific Hardware OTP Token Authentication Market Size (2020-2031)

8.2 Asia-Pacific Hardware OTP Token Authentication Market Growth Rate by Region: 2020 VS 2024 VS 2031

8.3 Asia-Pacific Hardware OTP Token Authentication Market Size by Region (2020-2025)

8.4 Asia-Pacific Hardware OTP Token Authentication Market Size by Region (2026-2031)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9 Latin America

9.1 Latin America Hardware OTP Token Authentication Market Size (2020-2031)

9.2 Latin America Hardware OTP Token Authentication Market Growth Rate by Country: 2020 VS 2024 VS 2031

9.3 Latin America Hardware OTP Token Authentication Market Size by Country (2020-2025)

9.4 Latin America Hardware OTP Token Authentication Market Size by Country (2026-2031)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa Hardware OTP Token Authentication Market Size (2020-2031)

10.2 Middle East & Africa Hardware OTP Token Authentication Market Growth Rate by Country: 2020 VS 2024 VS 2031

10.3 Middle East & Africa Hardware OTP Token Authentication Market Size by Country (2020-2025)

10.4 Middle East & Africa Hardware OTP Token Authentication Market Size by Country (2026-2031)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 Dell

11.1.1 Dell Company Details

11.1.2 Dell Business Overview

11.1.3 Dell Hardware OTP Token Authentication Introduction

11.1.4 Dell Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.1.5 Dell Recent Development

11.2 Gemalto

11.2.1 Gemalto Company Details

11.2.2 Gemalto Business Overview

11.2.3 Gemalto Hardware OTP Token Authentication Introduction

11.2.4 Gemalto Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.2.5 Gemalto Recent Development

11.3 Symantec

11.3.1 Symantec Company Details

11.3.2 Symantec Business Overview

11.3.3 Symantec Hardware OTP Token Authentication Introduction

11.3.4 Symantec Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.3.5 Symantec Recent Development

11.4 VASCO

11.4.1 VASCO Company Details

11.4.2 VASCO Business Overview

11.4.3 VASCO Hardware OTP Token Authentication Introduction

11.4.4 VASCO Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.4.5 VASCO Recent Development

11.5 Authenex

11.5.1 Authenex Company Details

11.5.2 Authenex Business Overview

11.5.3 Authenex Hardware OTP Token Authentication Introduction

11.5.4 Authenex Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.5.5 Authenex Recent Development

11.6 Deepnet Security

11.6.1 Deepnet Security Company Details

11.6.2 Deepnet Security Business Overview

11.6.3 Deepnet Security Hardware OTP Token Authentication Introduction

11.6.4 Deepnet Security Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.6.5 Deepnet Security Recent Development

11.7 Entrust

11.7.1 Entrust Company Details

11.7.2 Entrust Business Overview

11.7.3 Entrust Hardware OTP Token Authentication Introduction

11.7.4 Entrust Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.7.5 Entrust Recent Development

11.8 FEITIAN Technologies

11.8.1 FEITIAN Technologies Company Details

11.8.2 FEITIAN Technologies Business Overview

11.8.3 FEITIAN Technologies Hardware OTP Token Authentication Introduction

11.8.4 FEITIAN Technologies Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.8.5 FEITIAN Technologies Recent Development

11.9 Fortinet

11.9.1 Fortinet Company Details

11.9.2 Fortinet Business Overview

11.9.3 Fortinet Hardware OTP Token Authentication Introduction

11.9.4 Fortinet Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.9.5 Fortinet Recent Development

11.10 HID

11.10.1 HID Company Details

11.10.2 HID Business Overview

11.10.3 HID Hardware OTP Token Authentication Introduction

11.10.4 HID Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.10.5 HID Recent Development

11.11 ID Control

11.11.1 ID Control Company Details

11.11.2 ID Control Business Overview

11.11.3 ID Control Hardware OTP Token Authentication Introduction

11.11.4 ID Control Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.11.5 ID Control Recent Development

11.12 Nexus

11.12.1 Nexus Company Details

11.12.2 Nexus Business Overview

11.12.3 Nexus Hardware OTP Token Authentication Introduction

11.12.4 Nexus Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.12.5 Nexus Recent Development

11.13 PortalGuard

11.13.1 PortalGuard Company Details

11.13.2 PortalGuard Business Overview

11.13.3 PortalGuard Hardware OTP Token Authentication Introduction

11.13.4 PortalGuard Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.13.5 PortalGuard Recent Development

11.14 SecureMetric Technology

11.14.1 SecureMetric Technology Company Details

11.14.2 SecureMetric Technology Business Overview

11.14.3 SecureMetric Technology Hardware OTP Token Authentication Introduction

11.14.4 SecureMetric Technology Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.14.5 SecureMetric Technology Recent Development

11.15 Yubico

11.15.1 Yubico Company Details

11.15.2 Yubico Business Overview

11.15.3 Yubico Hardware OTP Token Authentication Introduction

11.15.4 Yubico Revenue in Hardware OTP Token Authentication Business (2020-2025)

11.15.5 Yubico Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.1.1 Research Programs/Design

13.1.1.2 Market Size Estimation

13.1.1.3 Market Breakdown and Data Triangulation

13.1.2 Data Source

13.1.2.1 Secondary Sources

13.1.2.2 Primary Sources

13.2 Author Details

13.3 Disclaimer

FEATURED COMPANIES

SecureMetric Technology

Yubico

List of Tables

Table 1. Global Hardware OTP Token Authentication Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031

Table 2. Key Players of USB Tokens

Table 3. Key Players of SIM Tokens

Table 4. Key Players of Mini Tokens

Table 5. Global Hardware OTP Token Authentication Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031

Table 6. Global Hardware OTP Token Authentication Market Size by Region (US$ Million): 2020 VS 2024 VS 2031

Table 7. Global Hardware OTP Token Authentication Market Size by Region (2020-2025) & (US$ Million)

Table 8. Global Hardware OTP Token Authentication Market Share by Region (2020-2025)

Table 9. Global Hardware OTP Token Authentication Forecasted Market Size by Region (2026-2031) & (US$ Million)

Table 10. Global Hardware OTP Token Authentication Market Share by Region (2026-2031)

Table 11. Hardware OTP Token Authentication Market Trends

Table 12. Hardware OTP Token Authentication Market Drivers

Table 13. Hardware OTP Token Authentication Market Challenges

Table 14. Hardware OTP Token Authentication Market Restraints

Table 15. Global Hardware OTP Token Authentication Revenue by Players (2020-2025) & (US$ Million)

Table 16. Global Hardware OTP Token Authentication Market Share by Players (2020-2025)

Table 17. Global Top Hardware OTP Token Authentication Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Hardware OTP Token Authentication as of 2024)

Table 18. Ranking of Global Top Hardware OTP Token Authentication Companies by Revenue (US$ Million) in 2024

Table 19. Global 5 Largest Players Market Share by Hardware OTP Token Authentication Revenue (CR5 and HHI) & (2020-2025)

Table 20. Global Key Players of Hardware OTP Token Authentication, Headquarters and Area Served

Table 21. Global Key Players of Hardware OTP Token Authentication, Product and Application

Table 22. Global Key Players of Hardware OTP Token Authentication, Date of Enter into This Industry

Table 23. Mergers & Acquisitions, Expansion Plans

Table 24. Global Hardware OTP Token Authentication Market Size by Type (2020-2025) & (US$ Million)

Table 25. Global Hardware OTP Token Authentication Revenue Market Share by Type (2020-2025)

Table 26. Global Hardware OTP Token Authentication Forecasted Market Size by Type (2026-2031) & (US$ Million)

Table 27. Global Hardware OTP Token Authentication Revenue Market Share by Type (2026-2031)

Table 28. Global Hardware OTP Token Authentication Market Size by Application (2020-2025) & (US$ Million)

Table 29. Global Hardware OTP Token Authentication Revenue Market Share by Application (2020-2025)

Table 30. Global Hardware OTP Token Authentication Forecasted Market Size by Application (2026-2031) & (US$ Million)

Table 31. Global Hardware OTP Token Authentication Revenue Market Share by Application (2026-2031)

Table 32. North America Hardware OTP Token Authentication Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 33. North America Hardware OTP Token Authentication Market Size by Country (2020-2025) & (US$ Million)

Table 34. North America Hardware OTP Token Authentication Market Size by Country (2026-2031) & (US$ Million)

Table 35. Europe Hardware OTP Token Authentication Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 36. Europe Hardware OTP Token Authentication Market Size by Country (2020-2025) & (US$ Million)

Table 37. Europe Hardware OTP Token Authentication Market Size by Country (2026-2031) & (US$ Million)

Table 38. Asia-Pacific Hardware OTP Token Authentication Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031

Table 39. Asia-Pacific Hardware OTP Token Authentication Market Size by Region (2020-2025) & (US$ Million)

Table 40. Asia-Pacific Hardware OTP Token Authentication Market Size by Region (2026-2031) & (US$ Million)

Table 41. Latin America Hardware OTP Token Authentication Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 42. Latin America Hardware OTP Token Authentication Market Size by Country (2020-2025) & (US$ Million)

Table 43. Latin America Hardware OTP Token Authentication Market Size by Country (2026-2031) & (US$ Million)

Table 44. Middle East & Africa Hardware OTP Token Authentication Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 45. Middle East & Africa Hardware OTP Token Authentication Market Size by Country (2020-2025) & (US$ Million)

Table 46. Middle East & Africa Hardware OTP Token Authentication Market Size by Country (2026-2031) & (US$ Million)

Table 47. Dell Company Details

Table 48. Dell Business Overview

Table 49. Dell Hardware OTP Token Authentication Product

Table 50. Dell Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 51. Dell Recent Development

Table 52. Gemalto Company Details

Table 53. Gemalto Business Overview

Table 54. Gemalto Hardware OTP Token Authentication Product

Table 55. Gemalto Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 56. Gemalto Recent Development

Table 57. Symantec Company Details

Table 58. Symantec Business Overview

Table 59. Symantec Hardware OTP Token Authentication Product

Table 60. Symantec Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 61. Symantec Recent Development

Table 62. VASCO Company Details

Table 63. VASCO Business Overview

Table 64. VASCO Hardware OTP Token Authentication Product

Table 65. VASCO Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 66. VASCO Recent Development

Table 67. Authenex Company Details

Table 68. Authenex Business Overview

Table 69. Authenex Hardware OTP Token Authentication Product

Table 70. Authenex Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 71. Authenex Recent Development

Table 72. Deepnet Security Company Details

Table 73. Deepnet Security Business Overview

Table 74. Deepnet Security Hardware OTP Token Authentication Product

Table 75. Deepnet Security Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 76. Deepnet Security Recent Development

Table 77. Entrust Company Details

Table 78. Entrust Business Overview

Table 79. Entrust Hardware OTP Token Authentication Product

Table 80. Entrust Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 81. Entrust Recent Development

Table 82. FEITIAN Technologies Company Details

Table 83. FEITIAN Technologies Business Overview

Table 84. FEITIAN Technologies Hardware OTP Token Authentication Product

Table 85. FEITIAN Technologies Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 86. FEITIAN Technologies Recent Development

Table 87. Fortinet Company Details

Table 88. Fortinet Business Overview

Table 89. Fortinet Hardware OTP Token Authentication Product

Table 90. Fortinet Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 91. Fortinet Recent Development

Table 92. HID Company Details

Table 93. HID Business Overview

Table 94. HID Hardware OTP Token Authentication Product

Table 95. HID Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 96. HID Recent Development

Table 97. ID Control Company Details

Table 98. ID Control Business Overview

Table 99. ID Control Hardware OTP Token Authentication Product

Table 100. ID Control Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 101. ID Control Recent Development

Table 102. Nexus Company Details

Table 103. Nexus Business Overview

Table 104. Nexus Hardware OTP Token Authentication Product

Table 105. Nexus Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 106. Nexus Recent Development

Table 107. PortalGuard Company Details

Table 108. PortalGuard Business Overview

Table 109. PortalGuard Hardware OTP Token Authentication Product

Table 110. PortalGuard Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 111. PortalGuard Recent Development

Table 112. SecureMetric Technology Company Details

Table 113. SecureMetric Technology Business Overview

Table 114. SecureMetric Technology Hardware OTP Token Authentication Product

Table 115. SecureMetric Technology Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 116. SecureMetric Technology Recent Development

Table 117. Yubico Company Details

Table 118. Yubico Business Overview

Table 119. Yubico Hardware OTP Token Authentication Product

Table 120. Yubico Revenue in Hardware OTP Token Authentication Business (2020-2025) & (US$ Million)

Table 121. Yubico Recent Development

Table 122. Research Programs/Design for This Report

Table 123. Key Data Information from Secondary Sources

Table 124. Key Data Information from Primary Sources

Table 125. Authors List of This Report

List of Figures

Figure 1. Hardware OTP Token Authentication Picture

Figure 2. Global Hardware OTP Token Authentication Market Size Comparison by Type (2020-2031) & (US$ Million)

Figure 3. Global Hardware OTP Token Authentication Market Share by Type: 2024 VS 2031

Figure 4. USB Tokens Features

Figure 5. SIM Tokens Features

Figure 6. Mini Tokens Features

Figure 7. Global Hardware OTP Token Authentication Market Size by Application (2020-2031) & (US$ Million)

Figure 8. Global Hardware OTP Token Authentication Market Share by Application: 2024 VS 2031

Figure 9. Banking, Financial Services and Insurance (BFSI) Case Studies

Figure 10. Healthcare Case Studies

Figure 11. Government Case Studies

Figure 12. PCI (Payment Card Industry) Case Studies

Figure 13. Commercial Security Case Studies

Figure 14. Others Case Studies

Figure 15. Hardware OTP Token Authentication Report Years Considered

Figure 16. Global Hardware OTP Token Authentication Market Size (US$ Million), Year-over-Year: 2020-2031

Figure 17. Global Hardware OTP Token Authentication Market Size, (US$ Million), 2020 VS 2024 VS 2031

Figure 18. Global Hardware OTP Token Authentication Market Share by Region: 2024 VS 2031

Figure 19. Global Hardware OTP Token Authentication Market Share by Players in 2024

Figure 20. Global Top Hardware OTP Token Authentication Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Hardware OTP Token Authentication as of 2024)

Figure 21. The Top 10 and 5 Players Market Share by Hardware OTP Token Authentication Revenue in 2024

Figure 22. North America Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 23. North America Hardware OTP Token Authentication Market Share by Country (2020-2031)

Figure 24. United States Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 25. Canada Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 26. Europe Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 27. Europe Hardware OTP Token Authentication Market Share by Country (2020-2031)

Figure 28. Germany Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 29. France Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 30. U.K. Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 31. Italy Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 32. Russia Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 33. Nordic Countries Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 34. Asia-Pacific Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 35. Asia-Pacific Hardware OTP Token Authentication Market Share by Region (2020-2031)

Figure 36. China Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 37. Japan Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 38. South Korea Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 39. Southeast Asia Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 40. India Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 41. Australia Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 42. Latin America Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 43. Latin America Hardware OTP Token Authentication Market Share by Country (2020-2031)

Figure 44. Mexico Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 45. Brazil Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 46. Middle East & Africa Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 47. Middle East & Africa Hardware OTP Token Authentication Market Share by Country (2020-2031)

Figure 48. Turkey Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 49. Saudi Arabia Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 50. UAE Hardware OTP Token Authentication Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 51. Dell Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 52. Gemalto Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 53. Symantec Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 54. VASCO Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 55. Authenex Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 56. Deepnet Security Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 57. Entrust Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 58. FEITIAN Technologies Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 59. Fortinet Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 60. HID Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 61. ID Control Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 62. Nexus Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 63. PortalGuard Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 64. SecureMetric Technology Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 65. Yubico Revenue Growth Rate in Hardware OTP Token Authentication Business (2020-2025)

Figure 66. Bottom-up and Top-down Approaches for This Report

Figure 67. Data Triangulation

Figure 68. Key Executives Interviewed

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Global Hardware OTP Token Authentication Market Research Report 2025

Published Date: September 2025

Report Code: QYRE-Auto-32Y13523

Global Hardware OTP Token Authentication Market Research Report 2025

FEATURED COMPANIES

Hardware OTP Token Authentication Market Size

Hardware OTP Token Authentication Market

Scope of Hardware OTP Token Authentication Market Report

Chapter Outline

FAQ for this report

How fast is Hardware OTP Token Authentication Market growing?

What is the Hardware OTP Token Authentication Market size in 2031?

Who are the main players in the Hardware OTP Token Authentication Market report?

What are the Application segmentation covered in the Hardware OTP Token Authentication Market report?

What are the Type segmentation covered in the Hardware OTP Token Authentication Market report?

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