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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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.
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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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation:
Hardware Security Module Market is segmented into Application, type, industry vertical and region. Based on application the market is categorized into Payment Processing, Code and Document Signing, SSL and TLS, Authentication, Database Encryption, PKI or Credential Management and Application-Level Encryption. On the basis of type, it is further segmented into LAN-Based, PCIe-Based and USB-Based. Based on industry vertical it is segmented into BFSI, Discrete Manufacturing, Process Manufacturing, Media, Professional Services, Retail, Healthcare, Energy & Utility and Others. Whereas based on region it is divided into North America,Europe,Asia-Pacific and Rest of the World .
Key Players
The Hardware Security Module Market Report includes players such as Thales Group (France), Utimaco GmbH (Germany), International Business Machines Corporation (U.S), Micro Focus International plc (U.K), Futurex (U.S), Yubico (Sweden), Securosys SA (Switzerland), Ultra Electronics (U.K), Atos SE (France) and Hewlett Packard (U.S), am0ng others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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