US Hardware OTP Token Authentication Market Share

Market Share of US Hardware OTP Token Authentication Industry

The United States hardware OTP token authentication market is consolidated and consists of a few significant players in terms of significant share. These major players, with a prominent share in the market, focus on expanding their customer base across the end-use. Key players are Entrust Datacard Corporation, Thales Group (Gemalto NV), etc. Recent developments in the market are -

• December 2019 - RSA and Yubico partnered to provide an enterprise-grade FIDO Authentication solution to address the growing digital risks of the modern workforce. Also, several solution providers like MyID offers the credential management system for governments and enterprises to issue and manage USB tokens for hardware-based authentication.
• March 2020 - ATEK Access Technologies announced the launch of its new Datakey CryptoAuthentication memory token line, which gives embedded systems designers a rugged and secure portable memory device for authentication applications. The line of removable memory devices utilizes Microchip's CryptoAuthentication family of high-security hardware authentication ICs, enabling embedded applications.
• July 2020 - HID Global expanded its biometrics identification management solutions to police departments and military installations around the world. The HID NOMAD 30 Pocket Reader's PIV-certified sensor enables end users, such as law enforcement officers, to quickly capture and verify single fingerprints against databases, and eliminates the need to transport suspects to a central booking station.

US Hardware OTP Token Authentication Market Leaders

1. Entrust Datacard Corporation​

2. Thales Group (Gemalto NV)​

3. One Identity LLC​

4. RSA Security LLC​

5. SurepassID Corporation

*Disclaimer: Major Players sorted in no particular order