USB key is a portable storage drive developed with an intention to store data in a USB drive with an encrypted key. An USB key denies access to unauthorized users. It is used to protect the access point through various applications including remote access and VPN, computer login, password managers, Fast Identity Online (FIDO), U2F (Universal 2nd Factor) login such as Dropbox, Gmail, GitHub,etc. The USB key helps to enhance the security level of these access points as they are the content management systems and popular online services, by which one can easily access their online data files. U2F is an open verification technology that simplifies and strengthens two-factor authentication by using specialized NFC (Near Field Communications) or USB (Universal Serial Bus) devices grounded on the similar security technology initiated in smart cards. Smart card login CCID/PIV, static password, FIDO Universal, 2nd factor authentication, and one-time password are the main factions of USB key, enhancing the security access. The USB key technology offers various advantages such as protection against attacks (anti-phishing), no client software or drivers to install, near field communication (contactless support), simple and automatic entry of OTP, and does away with the need to administer time management. These factors are increasing its adoption across the world. USB key is a standalone method that operates like a control panel, when it is plugged into a computer, mobile, laptop or any other electronic device and used as a contactless device.
The main drivers of the global USB key market are increasing demand for mobile phones, tablets, laptops, and computers. Other factors which accelerate the global USB key market is the increase in online users over internet leading to increased vulnerabilities. Such vulnerabilities can be controlled only through specific security measures. One such measure is the adoption of USB key to secure online engagement. The major factor which is driving the USB key market is the need for improving data security and reducing the authentication process time. In the current scenario, companies along with individual users are slowly adopting USB key technology to secure their data and privacy.
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The global USB key market can be categorized on the basis of operating system, devices, organizations size, application, technology, and region. On the basis of component segment, the market is segmented into hardware, software, and services. On the basis of organization size, the market is segmented into small, large, and medium. On the bases of application, the market can be classified into commercial and personal. On the basis of operating system, the it is segmented into Android, IOS, Windows, Chrome OS, MAC OS, and others. Android and IOS services have already captured significant market share. Based on devices, the global USB key market has been segmented into smartphone, computer, tablet and others. On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America holds the largest share in the global USB key market and is anticipated to experience balanced growth over the forecast period. Also, among the regions in global USB Key market.
The major players in the global USB key market are Samsung, Sony, Adata, SanDisk, HP Development Company, L.P, Transcend Information, General Electric, YubiKey, Google, Toshiba, Lexar Media, Inc., Umax, and ORCHID, Verbatim, Corsair Components and others. These market players are spending heavily on R&D so as to incorporate new technologies in their solutions and launch new products to improve their market share in the global USB key market.