Hardware Security Modules Industry – Know the Prominent Factors That Will Help in Reshaping the Market Growth

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.

The main purpose of an HSM is to offload cryptographic operations from the main CPU of a server or other system. This allows the cryptographic operations to be performed in a secure environment that is isolated from the rest of the system.

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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

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

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Key Players

  • Gemalto NV
  • Thales E-Security
  • Utimaco GmbH
  • Futurex
  • IBM Corporation
  • Hewlett Packard Enterprise
  • Ultra-Electronics
  • Swift Ledger
  • Spyrus Inc

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