Hardware OTP Token Authentication Market Share

North America Market Statistics

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. North America industry is anticipated to dominate majority revenue share by 2036, as increase in the number of data breaches have pushed organizations to adopt hardware OTP devices that provide another layer of security for the user to secure themselves. The market in the United States is predicted to grow at the highest CAGR over the forecast period owing to increase the security of the data. Furthermore, in 2020, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the growing investment of governmental and non-governmental agencies in security of data, accompanied by the presence of leading IT service and electronic device providers in the region.