Global Hardware Security Module (HSM) Market Reports give a Key study on the industry status of the Hardware Security Module (HSM) Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
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Market Overview:
A hardware security module (HSM) is a piece of hardware that keeps sensitive information from getting into the wrong hands. It is used to encrypt databases, prove who you are, sign codes and documents, process payments, decrypt data, and encrypt data at the application level. It also handles cryptographic keys for various important operations such as authentication, decryption, and encryption. For example, businesses use hardware security modules to make sure that only authorised people can use systems to do cryptographic key transactions. This keeps valuable trade secrets safe. Demand for high security is expected to support the development of the global hardware security module market in the future.
For SSL connections, the hardware security module system acts as a hardware cryptographic accelerator, and the asymmetric key process can benefit from a significant CPU offload. Most hardware security modules also support Elliptic Curve Cryptography (ECC), which makes it possible to use better encryption even with shorter key lengths. These modules comply with globally recognised standards and certifications related to infrastructure and security for applications such as GIE CB, PCI-DSS, EU restrictions, eIDAS, ANSSI certification and FIPS 140, among others. The highest level of FIPS 140 certification that can be earned is Security Level 4. Hardware security modules are usually packed in tamper-resistant, tamper-evident, or tamper-resistant packaging so that the bus can’t be found or messed with. Also includes modules containing one or more cryptographic processor chips or a mixture of chips. In the near future, the global hardware security module market is likely to grow because more people want to buy the product.
Competitive Landscape and Global Market Share Analysis:
IBM Corporation, Thales Group, Utimaco Safeware., Atos SE, STMicroelectronics, Microchip Technology Inc., Hewlett Packard Enterprise, Gemalto NV, QLogic Corporation, and Futurex LP, Others
Market Segmentation:
By Type:
- Local Interface
- Remote Interface
- USB Token
- Smart Cards
- Other
By Application:
- 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
The report on the Hardware Security Module (HSM) market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
Due to the urgent need to protect data, there will likely be a lot of demand for hardware security modules in Japan. Across the country, more and more organisations will use HSMs for encryption, decryption, and key management. This will also help growth.
Most small and medium-sized businesses in Japan are moving towards hardware security modules that are based in the cloud. This is because it is easier and cheaper to deploy these modules. Because of the above factors, it is expected that sales in Japan will grow at a compound annual growth rate (CAGR) of 21.6% over the next five years.
In the US, the demand for hardware security modules is expected to grow at a CAGR of 15.5% from 2022 to 2032. This growth is due to the fact that Korea is home to many large companies that make hardware security modules, such as Entrust Corporation and IBM.
For a competitive edge in the US market, the big players are putting a lot of effort into making new products and growing. Also, pharmaceutical companies are likely to use a lot more HSM solutions, which help reduce shipping costs and speed up drug development by letting people sign codes and documents.
For instance, the US-based technology company Entrust Corporation announced in December 2021 that its nShield as a Service hardware security module (HSM) product would be made available in more places. To meet the high demand for its cloud services, the company has opened two new data centres in Australia. It is thought that these plans to grow by well-known players across the US will drive the market.
Businesses in the UK are moving towards digital transformation because it’s becoming more important to have high levels of security and advanced systems to stop fraud. The retail banking industry is in charge of a lot of information, such as personal information about customers and information about their banks. So, sensitive data needs to be protected with advanced security measures.
In 2021, the UK had almost 18.8% of the market share for hardware security modules in Europe. Retail banks in the country are putting more money into hardware security modules to protect sensitive information with cryptography.
These modules also let customers use the payment method of their choice in a safe way while protecting the security of the business. So, growth in the UK will be driven by the growing need for hardware security modules in retail banking.
Following are the major TOC of the Hardware Security Module (HSM) Market:
Chapter 1: Hardware Security Module (HSM) Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Hardware Security Module (HSM) Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Hardware Security Module (HSM) Market Forecast
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Key Reasons to Purchase Hardware Security Module (HSM) Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Hardware Security Module (HSM) Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Hardware Security Module (HSM) Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Hardware Security Module (HSM)
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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