Plenty of low-volume industrial software has never really moved on from security dongles. Most modern arcade games for instance still rely on a USB dongle to decrypt game files [1], though nowadays they typically also come with an additional layer of TPM-backed encryption as well as always online DRM (many of them are region locked and operate on a revenue share contract, where the owner has to pay a per-play fee to the game manufacturer).
replyThese measures typically work well against piracy in the markets the game is officially distributed in (mainly Japan), but end up being cracked anyway once the game is popular enough that foreign arcades and private owners start importing older decommissioned cabinets and create demand for a way to get them running again without depending on the manufacturer's servers.