Hardware Security Modules Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis

According to a new market research report published by Global Insight Services Hardware Security Modules Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

A Hardware Security Module (HSM) is a physical computing device that safeguards and manages digital keys for strong authentication and provides crypto processing. These modules traditionally come in the form of a plug-in card or external device that attaches directly to a computer or network server.

HSMs secure cryptographic keys and perform cryptographic operations with those keys. They are usually used in a public key infrastructure (PKI) to issue, revoke, and renew digital certificates and manage certificate revocation lists (CRLs). In general, an HSM provides mechanisms to generate, store, and use cryptographic keys in a secure way.

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Key Players

  • Gemalto NV
  • Thales E-Security
  • Utimaco GmbH
  • Futurex
  • IBM Corporation
  • Hewlett Packard Enterprise

Key Trends and Drivers

The major drivers for this market are the increasing need for data security and the compliance mandates for data security.

HSMs are used in a variety of applications, including:

  • securing communications between servers
  • securing sensitive data in databases
  • securing web applications
  • securing email communications
  • securing financial transactions

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Market Segments

By Type

  • LAN-Based
  • PCIe-Based
  • USB-Based

By Application

  • Payment Processing
  • Code and Document Signing
  • SSL and TLS
  • Authentication
  • Database Encryption
  • PKI or Credential Management
  • Application-Level Encryption

By Industry Vertical

  • BFSI
  • Discrete Manufacturing
  • Process Manufacturing
  • Media
  • Professional Services
  • Retail
  • Healthcare
  • Energy & Utility
  • Others

Reasons to buy Hardware Security Modules Market Report:

  • Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
  • Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
  • Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
  • Develop business and M&A strategies through understanding of latest trends and emerging players in the market
  • Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market 

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Key Questions answered in the report:

  • How is the market structured and what the key drivers and trends of this industry?
  • How is the market segmented and what is the size of each segment?
  • Which segments and geographies provide best growth opportunities?
  • What’s the competitive landscape and positioning of players in this market?
  • What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?

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About Global Insight Services:

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