Global Hardware Security Module Market was valued US$ 687.49 Mn in 2019 and is expected to reach US$ 1750.30 Mn by 2027, at a CAGR of 14.28 % during a forecast period.

Global Hardware Security Module Market, By Region

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Hardware Security Module (HSM) is used to provide additional security for the sensitive data that require authentication. The HSM device usage the provision cryptographic keys for the critical function like encryption, decryption, and authentication.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global Hardware Security Module Market, Dynamics

An increase in Data breaches and cyber-attacks, advance in data breaches and cyber-attacks regulations are expected to drive the market growth. The hardware security module market is experiencing a significant growth because of the implementation of user-friendly interface for the incorporation of block chain transaction security system. The effective management of cryptographic key is one of the key drivers in the global hardware security module market. However, high cost related with hardware security modules are expected to limit the market growth. Furthermore, the rise in demand for HSMS for data safety in the cloud atmosphere and attain point-to-point encryption by complying with PCI standards are providing the key opportunities in the global HSM market.
Global Hardware Security Module Market, Segment Analysis

The hardware security module is used to protect the cryptographic infrastructure of most security conscious organization by managing, securing and storing cryptographic keys. In the current market scenario, enterprises are relying on the hardware security module for securing their cryptographic keys, encryption, decryption, authentication and digital signal services for a wide range of applications. The hardware security modules are deploying in the industry for purposes of secure generation and storage.
Based on application, the authentication segment plays a significant role in safeguarding the data and information by proving the protected key entirely to the official person for creating any transaction, logging in, or performing any administrative process. So, the placement of HSMs for the verification application is growing fast and is estimated to grow at a faster rate during the forecast period. An increase in the number of connected users & devices and cloud based services, secure identification and authentication are business critical in now-a-days.

In the industry, hardware security modules are used to protect public key infrastructure, virtual environment and cloud architecture. In the automotive sector, HSM is used in smart connected car management. An array of sensors, components and devices are connected to the software applications and controlled through electronic modules. Furthermore, an increasing the usages of the smart metering for electricity, gas, water are expected to increase the demand for the HSM module. The HSM protect the critical infrastructure, which serve to store individual, customer-related keys. In addition, the Banking and Financial Services segment is expected to grow at a XX % rate of CAGR during the forecast period.

The BFSI segment has the most stringent security regulations and a long standing history of using security mechanism like authentication. An introduction of the recent breaches and tightening of security measures are expected to bring biometric authentication. The demand for hardware security module is increasing in the banking and financial institutes to secure the payment process through credit and debit cards.
Global Hardware Security Module Market, Regional Analysis

The Asia-Pacific is expected projected to be leading region during the forecast period. The leading position in the market is attributed to the rise in investments by the government and private key players for providing various products and services for secure data transmission and protection. The rapid expansion of the industries like BFSI, e-commerce, IT & telecom and other industries are expected to boost the market growth in the region.
Global Hardware Security Module Market, Competitive Analysis:

The hardware security module key players have supporting to the enterprises from the all sectors of the industry in the development IT security solutions and assisted them into the implementing the IT security solution. An increase in the adoption of the card and digital payments are expected to accelerate and new method to protect the integrity of transactions. For instance, The Thales, a leader in critical information system and data protection announced the availability of a next generation payment hardware module. It achieves green center goals and reduces the cost.

The objective of the report is to present a comprehensive analysis of the Global Hardware Security Module Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Hardware Security Module Market dynamics, structure by analyzing the market segments and projects the Global Hardware Security Module Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Hardware Security Module Market make the report investor’s guide.
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Global Hardware Security Module Market, By Type

• LAN-Based HSM/Network-Attached HSM
• PCIe-Based/Embedded Plugins HSM
• USB-Based/Portable HSM
Global Hardware Security Module Market, By Deployment Type

• On-premise
• Cloud
Global Hardware Security Module Market, By Application

• Payment Processing
• Code and Document Signing
• Secure Sockets Layer (SSL) and Transport Layer Security (TLS)
• Authentication
• Database Encryption
• PKI or Credential Management
• Application-Level Encryption
Global Hardware Security Module Market, By Industry

• Banking and Financial Services
• Government
• Technology and Communications
• Industrial and Manufacturing Industry
• Energy and Utilities
• Retail and Consumer Products
• Healthcare and Life Science
• Others (Entertainment and Media, Education, and Transportation)
Global Hardware Security Module Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Hardware Security Module Market

• Hewlett Packard Enterprise Company
• ATOS SE
• Yubico
• Ultra Electronics
• Swift
• Securosys Sa
• Cardcontact Systems GmbH
• Ledger
• Spyrus, Inc.
• Gemalto NV
• Thales E-Security Inc.
• Utimaco GmbH
• International Business Machines Corporation
• Futurex

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