Hardware Security Modules Market – Industry Trends and Global Forecast to 2024

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Global Hardware Security Modules Market – Industry Trends and Forecast to 2024

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Global Hardware Security Modules Market

Global Hardware Security ModulesMarket, By Geography, Type (LAN-Based HSM/Network-Attached, Pcie-Based/Embedded Plugins, USB-Based/Portable), Application (Payment Processing, Code & Document Signing, Secure Sockets Layer (SSL) & Transport Layer Security (TLS),Authentication, Database Encryption, PKI/Credential Management, Application-Level Encryption), Deployment Type, Industry- Industry Trends and Forecast to 2024

Market Analysis: Global Hardware Security Modules Market

The global hardware security modulesmarket accounted for USD 465.2millionin 2016 growing at a CAGR of 13.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Hardware Security Modules Market

Hardware security modules are dedicated crypto processors that are specifically designed to protect sensitive data that is rendered indecipherable to all except authorized recipients. These modules are used in wide range of applications to secure cryptographic keys and provisioning encryption, decryption, authentication, and digital signing services. The market is significantly being driven by the increasing instances of cyberattacks, strict data security regulations, and rising need for effective management of cryptographic keys.However, the high costs of modulesrestrain the growth of the market.

Major Market Drivers: 

  • Increasing instances of cyberattacks
  • Strict internal and external privacy and data security regulations
  • Rising awareness about effective management of cryptographic keys
  • Technological advancements in security modules
  • High costs of hardware security modules

Market Segmentation: Global Hardware Security Modules Market

The hardware security modules market is segmented on the basis of type into LAN-Based HSM/Network-Attached HSM, Pcie-Based/Embedded Plugins HSM, and USB-Based/Portable HSM.

On the basis of deployment type, the global hardware security modules market is further segmented into on-premise, and cloud.

On the basis of application, the global hardware security modules market is further segmented into payment processing, code & document signing, secure sockets layer (SSL) & transport layer security (TLS), authentication, database encryption, PKI/credential management, and application-level encryption.

On the basis of industry, the global hardware security modules market is further segmented into payment processing, code & document signing, secure sockets layer (SSL) & transport layer security (TLS), authentication, database encryption, PKI/credential management, and application-level encryption.

On the basis of geography, global hardware security modulesmarket report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Hardware Security Modules Market

The report for hardware security modulesmarket include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is Hardware Security Modulesin the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyse and do more affective investments.

Major Market Competitors: Global Hardware Security Modules Market

Some of the major players of the global hardware security modulesmarket are Gemalto NV, Thales E-Security Inc., Utimaco GmbH, International Business Machines Corporation, Futurex ,Hewlett Packard Enterprise Company,  ATOS SE, Yubico, Ultra Electronics, Cardcontact Systems GmbH, Spyrus, Inc., Swift, Securosys SA, among others.

Research Methodology: Global Hardware Security Modules Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.

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