Rising cloud infrastructure and Dependence on Cloud solutions for Transaction to Boost the Global BFSI segment in Hardware Security Module Market

Pune, India, September 25, 2018/MRFR Press Release/- Market Research Future published a half-cooked  research report on “Global Hardware Security Module (HSM) Market - Forecast to 2032” Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024-2032

Global Hardware Security Module (HSM)Market – Overview

A Hardware Security Module (HSM) is a physical device that provides a secure environment for the storage of cryptographic keys and for performing operations. The HSM is associated with software solution that is attached with inside a PC or servers and offers a tamper protection mechanism that provides a secure out-of-band management interface for key materials. HSM offers numerous attributes for the business to focussed to make quality products and services. The attributes include widely accepted and open secure cryptographic algorithms, strong random number generation for cryptographic functions, a standardized interface for developers, and others. However, high deployment cost of HSM is likely to hinder the growth of the HSM market during the forecast period.

Industry News

May 2018 Utimaco to acquire Atalla from Micro Focus

With this strategic acquisition, Utimaco would develop the most comprehensive HSM solution, Additionally it would also Ultimaco to integrate general purpose HSM offered by Atalla Payment HSMs to offer a portfolio that will allow Ultimaco to satisfy  the hardware encryption requirements.

October 2017  Atos Corporation launched Trustway Data Protection Suite

Trustway Data Protection Suite is a data encryption solution  that protects sensitive data and manage data security to reduce the risk of cyberattacks. It also facilitates businesses to safeguard, manage and migrate sensitive data wherever it resides, on all deployment cloud environments.

June 2017, Thales one of the providers of critical information systems, cybersecurity and data security, solutions collaborated with Chain provider of enterprise-grade blockchain infrastructure.

The sole purpose of collaboration is  to integrate its hardware security modules with blockchain infrastructure provided by Chain, to generate and secure critical cryptographic keys for financial sectors. the integrated solution enables robust cryptographic techniques, which securely and efficiently generate temporary one-time keys for each transaction.

Global Hardware Security Module (HSM)Market - Segmentation

Segmentation by Type : LAN-based HSM/network-attached HSM, PCIE-based/embedded plugins HSM and USB-based/portable HSM.

Segmentation by Application: Payment Processing, Code and Document Signing, Secure Sockets Layer (SSL) and Transport Layer Security (TLS), authentication, database encryption, PKI or credential management, Application-Level Encryption.

Segmentation by End user: Banking and Financial Services, Government, Technology and Communications, Industrial and Manufacturing Industry, Energy and Utilities, Retail and Consumer Products, Healthcare and Life Science, Entertainment & Media, Education and Transportation.

Segmentation by Region: North America, Europe, Asia Pacific and Rest of the world.

Hardware Security Module (HSM)Market Regional Analysis

Geographically, the hardware security module market is categorized as North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is likely to be the fastest growing region in the hardware security module market. Japan, China, and South Korea to witness to be major contributing region owing to increased inclination to strengthen cloud infrastructure. North America, the market for hardware security module is witnessing a mature market growth over the forecast period owing to early adoption of security modules in BFSI sector. Furthermore,  Europe is likely to gain to have a significant growth rate in the market. The growth rate is attributed to increase in need to safeguard the databases in BFSI and retail sector.