No. It's always interesting to me how music apps were the only ones adopting hardware copy protection wholeheartedly. Multi-thousand dollar scientific apps? nope. Music apps.
The market for that is tiny compared to music but, the money made basically guaranteed given adoption rates. Even today I think there are too few contenders to pose a significant market risk to these companies.
From a consumer perspective hardware dongles are mega-problematic right now because of the USB C vs USB A debacle on new laptops, and also because many AVs now block USB devices by default and require ITS admin to unblock it.
From a distributor perspective, they require shipping physical product to customers which reduces margins and can take weeks, especially-so when you talk about shipping from overseas.