The Global Hardware Security Modules Market Is Projected To Reach 3.1 Billion By 2030, With A CAGR Of 14.4%.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Hardware Security Module Hsm market. Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Hardware Security Module Hsm market. In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. A hardware security module (HSM) is a piece of hardware that keeps sensitive data from being accessed by people who shouldn’t be able to. It is used to encrypt databases, verify users, sign codes and documents, process payments, decrypt data, and encrypt data at the application level. It also handles cryptographic keys for authentication, decryption, and encryption, which are all important tasks. For example, businesses use hardware security modules to protect valuable trade secrets by making sure that only authorized people can access systems to do cryptographic key transactions. In the future, the global hardware security module market is likely to grow because of the need for high security.
For SSL connections, the hardware security module system acts as a cryptographic hardware accelerator, and the asymmetric key process can benefit from a significant CPU offload. Most hardware security modules also support Elliptic Curve Cryptography (ECC), which allows for better encryption even with shorter key lengths. These modules meet infrastructure and application security standards and certifications that are known around the world. These include GIE CB, PCI-DSS, EU restrictions, eIDAS, ANSSI certification, and FIPS 140, among others. The highest level of FIPS 140 certification that can be reached is Security Level 4. Hardware security modules are usually packaged in tamper-resistant, tamper-evident, or tamper-resistant packaging to prevent bus discovery and manipulation. Also includes modules with one or more cryptographic processor chips or a mix of chips. In the near future, the global hardware security module market is likely to grow because of the growing demand for the product.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Hardware Security Module Hsm market, which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Hardware Security Module Hsm market, are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.The hardware security modules (HSM) market has been divided into three types: LAN-based, PCIe-based, and USB-based. The electric scooter segment led the hardware security modules (HSM) market data in 2021, and it is expected to be the fastest-growing segment during the forecast period, 2022-2030. LAN-based HSMs are a type of hardware security module (HSM) that are installed on servers and can be accessed via LAN. The hardware security modules (HSM) market is divided into four groups based on application, payment processing, code, and document signing and authentication. In terms of revenue, the payment processing segment of the hardware security modules (HSM) market was the biggest in 2021, and it is expected to be the fastest-growing segment from 2022 to 2030, as online banking becomes more popular. Based on who uses the hardware security modules (HSM), the market data is split into three groups: government, energy and utilities, and healthcare. The government segment led the hardware security modules (HSM) market in 2021, and it is expected to be the fastest-growing segment during the forecast period, 2022-2030.
Based on types, the Hardware Security Module Hsm market is segmented into:
- Local Interface
- Remote Interface
- USB Token
- Smart Cards
- Other
Based on application, the Hardware Security Module Hsm market is segmented into:
- Payment Processing
- Code and Document Signing
- SSL and TLS
- Authentication
- Database Encryption
- PKI or Credential Management
- Application-Level Encryption
- Other
By Industry:
- BFSI
- Healthcare & Life Sciences
- Manufacturing
- Retail & CPG
- Government & Defense
- Energy & Utilities
- Others
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Recent Development
In June 2022, IBM and Siam Commercial Bank, a Thai financial services company, signed a contract to make the platform’s many digital transactions safer and improve customer service. The goal of the partnership is to use IBM’s expertise to create a secure, reliable corporate platform for mission-critical data and apps on hybrid multi-cloud that will reduce risks and stop financial transaction fraud.
Infineon Technologies released Aurix TC4x in January 2022. It has better connections and the latest safety and security features. Automakers can also meet customer requests for a fast and secure car-to-cloud link with new SOTA (Software Over the Air) features that allow updates in the field and diagnosis and analysis while the car is being driven.
Regional Analysis
The study looks at the markets in North America, Europe, Asia-Pacific, and the rest of the world by region. The North American hardware security modules (HSM) market was worth USD 0.5 billion in 2021 and is expected to grow at a CAGR of 43.20% during the study period. This is because hardware security modules (HSM) are being used more and more in a variety of end-use sectors, such as BFSI, retail, telecom, and government, in countries around the region, especially in the United States and Canada.
Also, the market report for hardware security modules (HSM) looked at the U.S., Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil as the most important countries to study.
Regional Hardware Security Module Hsm market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Hardware Security Module Hsm market include:
-
- Hardware Security Module Hsm market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization: This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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Key Market Participants in the Hardware Security Module Hsm market:
IBM Corporation, Thales Group, Utimaco Safeware., Atos SE, STMicroelectronics, Microchip Technology Inc., Hewlett Packard Enterprise, Gemalto NV, QLogic Corporation, and Futurex LP, And Others.
Recent Development
In June 2022, IBM and Siam Commercial Bank, a Thai financial services company, signed a contract to make the platform’s many digital transactions safer and improve customer service. The goal of the partnership is to use IBM’s expertise to create a secure, reliable corporate platform for mission-critical data and apps on hybrid multi-cloud that will reduce risks and stop financial transaction fraud.
Infineon Technologies released Aurix TC4x in January 2022. It has better connections and the latest safety and security features. Automakers can also meet customer requests for a fast and secure car-to-cloud link with new SOTA (Software Over the Air) features that allow updates in the field and diagnosis and analysis while the car is being driven.
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