Global Hardware Security Modules Market – Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Sep 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Hardware Security Modules Market By Type (LAN Based, PCIE Based, USB Based), Deployment Type (On-Premise, Cloud), Application (Payment Processing, Code & Document Signing, SSL, TLS, Authentication, Database Encryption, Credential Management, Application-Level Encryption), End User (BFSI, Government, Technology & Communication, Industrial & Manufacturing, Energy & Utility, Retail & Consumer Products, Healthcare & Life Sciences, Education, Entertainment & Media, Automotive, Transportation & Hospitality), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Hardware Security Modules Market

Global hardware security modules market is set to witness a healthy CAGR of 12.85% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to increase in cyber-attack and data breaches cases globally. The command for hardware security modules manufacturers to follow for external and internal privacy & compliances and data security regulations with the management of cryptographic keys in an effective manner.

Market Definition: Global Hardware Security Modules Market

A hardware security module refers to a crypto processor that safeguards and manages digital keys for strong authentication. It helps companies in securing crypto graphic keys and digital signing service for a wide range of application in the industry. It possesses various functions such as key management, securing full stack software from potential cyber-attacks. It provides both logical and physical protection of the material for the end-users of the market.

Market Drivers:

  • There numbers for data breaches and cyber-attacks are increasing globally
  • The hardware security module manufacturers has to follow internal and external privacy and data security regulations and compliances
  • The effective management of cryptographic keys is driving the growth of the market
  • Growth of hardware security module in small and medium enterprise for data security in the cloud environment will be fueling the growth of the market
  • Hardware security module can be transported when needed and can be storedin a safe place which will be boosting the growth of the market
  • The increase in the digital payments methods globally is driving the growth of the market

Market Restraints:

  • High cost associated with implementation and upgradation of hardware security module act as a hindrance in the growth of the market
  • Due to lack of understanding the importance of protecting data by organizations is restricting the growth of the market

Segmentation: Global Hardware Security Modules Market

By Type

  • LAN Based
  • PCIE Based
  • USB Based

By Deployment Type

  • On-Premise
  • Cloud

By Application

  • Payment Processing
  • Code and Document Signing
  • Secure Sockets Layer (SSL)
  • Transport Layer Security (TLS)
  • Authentication
  • Database Encryption
  • Credential Management
  • Application-Level Encryption

By End User

  • Banking and Financial Services
  • Government
  • Technology and Communication
  • Industrial and Manufacturing
  • Energy and Utility
  • Retail and Consumer Products
  • Healthcare and Life Sciences
  • Education
  • Entertainment and Media
  • Automotive
  • Transportation and Hospitality

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In October 2018, Ultimaco GmbH has made an acquisition of the product lines from Micro Focus that is Atalla Hardware Security Module and Enterprise Secure Key Manager. Through this, the company ensured customer PCI DSS and PCI HSM compliances. The acquisition will enable the advancement and innovation for future payments roadmap.
  • In October 2018, Atos SE has launched a new network encryption solution to protect sensitive data and communication. It has helped in the daily management of data over networks as well as helps in reducing the overall cost as it does not require any installation. The launch will enable the customers with superior level of privacy for the security of their confidential data.

Competitive Analysis

Global hardware security modules market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of customer of hardware security modules market for global, Europe, North America, Asia Pacific and South America, Middle East and Africa

Major Market Competitors/Players

Few of the major competitors currently working in the global hardware security modules market are Gemalto NV, Thales eSecurity, Ultimaco GmbH, IBM, Futurex, Hewlett Packard Enterprise Development LP, Atos SE, Yubico, Ultra Electronics, SWIFT, Securosys SA, CardContact Systems GmbH, Ledger SAS, SPYRUS, West One Technical Ltd., ASSA ABLOY, Micro Focus, SANSEC, Lattice Semiconductor, ellipticSecure, and Realsec among others.

Research Methodology: Global Hardware Security Modules Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved


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