Global Hardware Security Modules Market Research Report- Forecast 2027

Global Hardware Security Modules Market, By Type (LAN-Based HSM, PCIe-Based, USB-Based), By Application (Payment Processing, Code and Document Signing, Authentication), By End-users (Government, Energy and Utilities, Healthcare) - Forecast 2027

ID: MRFR/SEM/1780-HCR | February 2021 | Region: Global | 100 pages

Please note that assessment period of report has been updated from 2016-2022 to 2020-2027. Cordially fill sample form for updated data.

Market Overview

A device that is specially designed for the protection of the crypto lifecycle is a Hardware Security Modules Market. Most of the firms prefer this hardware secure module (HSM) device to secure their transactions, applications, and identities which can secure cryptographic keys, digital signing service, and authentication for an application.

To increase the growth of the Global Hardware Security Modules Market, some of the key drivers are the increase of data breaches and cyber-attacks, internal and external privacy and data security regulations, and effective management of cryptographic keys. Latin America has accounted for the largest market share in the Hardware Security Modules Market. Moreover, in the Asia Pacific region, the hardware security module market size is expected to grow 13 % CAGR over the forecast period 2016-2022.

COVID-19 Analysis:

Due to the COVID-19 outbreak, Global Hardware Security Modules Market has been affected negatively. Several new projects have been started which led to a demand for analog semiconductors. Global factories and Hardware Security Module Manufacturers faced many struggles due to the lockdowns because of the lack of manpower that stops the global supply chains.

Due to this coronavirus pandemic, more advanced hardware security modules were introduced to enhance efficiency. However, the growth of the HSM Market share increasing gradually after the break of lockdowns.

Market Dynamics:

Driver:

A Rise in the use of security systems and the Internet of things

Due to the increase in cyber-attacks and data breaches, internet banking, digital payments, communications, health care, and life sciences, cloud-based services, and cryptocurrency demand, there is a requirement for strong security systems to protect their identities, cryptographic keys, applications, data, etc. This process increases the growth factor of hardware security module solutions.

Restraint:

High cost-effective

Due to the high cost of the hardware security modules, it becomes a barrier to the growth of the Global hardware security systems.

Opportunities:

The rise in Advanced Technologies

Due to the rise in advanced technologies that generates a demand for security solutions which further brings an opportunity to the growth of Global Hardware Security Modules.

Challenge:

Lack of Standardisation

Various developed countries prefer the hardware security modules system for their safeguards and strong security towards their applications, identities, and many more. But even though some of the developing and low adopted countries lack the standardization and expensive factors of virtual hardware security modules and their advanced features which hampers the business development. This is the major challenge of the Hardware Security Modules Market Share.

Cumulative Growth Analysis:

In the use of offline conditions, the hardware security module can be stored in a protected place when it is not in use. This should be portable to store safely. So, demand for portable HSMs, USB based accessories will increase which are ideal for laptops, desktops, and workstations. So, making USB-based HSMs is the fastest growing method of hardware security module vendors.

Technology Analysis  

The adoption of modern, innovative IoT and cloud computing technology gradually increases the growth of the hardware security module market. Moreover, there is a need for an increase in effective market management of cryptographic keys that drives the market growth. In the future, providing the hardware protection module with efficient and personal working services according to the customer requirements is the best key for the Hardware Security Modules Market growth.

Study Objectives -


  • To provide a detailed analysis of the market structure and various segments of the global Hardware Security Modules Market

  • To provide factors affecting the market growth

  • To analyze security module based on porter’s five force analysis, etc.

  • To provide historically and forecast revenue of the market segments for four geographical countries- North America, Europe, Asia, and the Rest of the World.

  • To provide country-level analysis of the market segment by application, end-users, type, and region.

  • To provide a strategic profile of the key players in the market, analyze their competencies and draw a competitive landscape for the market.

  • To track and analyze competitive developments such as new product developments, acquisitions, strategic alliances, etc for the hardware security module solutions


Segment Overview:

Using various things, the Global Hardware Security Modules Market was segmenting. It was segmented based on the type, application, region, and end-users.

Based on Type

The Hardware Security Modules Market has been bifurcated into LAN-based HSM/Network-attached HSM, PCIe-based/embedded plugins HSM, and USB-based/portable HSM. In the forecast period out of these types, LAN based HSM is to be the largest market share, and USB based HSM is expected to be a significant CAGR for its compact size, allowing for more portability and lower cost compared to others

Based on Application

Based on the application, the market can be segmented into secure socket layers (SSL) and transport layer security (TLS), authentication, payment processing, code & document signing, application-level encryption, database encryption, PKI, or Credential Management. The authentication segment is expected to have a significant market share and the highest CAGR during the forecast period for their different levels of authentication.

Based on End-users

The market can be segmented into banking and financial services, energy and utility, retail and consumer products, government, technology and communication, industrial and manufacturing, healthcare and life sciences, and others.

Based on Region

The market is segmented into four geographic regions: North America, Europe, Asia Pacific, and the rest of the world. North America dominated the highest position in 2018 and is continuing during the forecast period. Whereas RoW, Latin America is having the highest CAGR with new technologies like IoT, cloud, etc.

Regional Analysis -

Latin America accounted for the largest market for their adoption of modern technologies like IoT and cloud which are going to create a huge opportunity for data and information security. In Asia and the Pacific region, India and China are investing a huge amount of money on security purposes. So, these countries can be expected to grow over the forecast period 2016-2022.

Competitive Landscape

The prominent key players in the manufacturing Hardware Security Modules Market research report are as follows:


  • Gemalto NV (Amsterdam)

  • Thales e-Security, Inc. (U.S.)

  • Utimaco GmbH (Germany)

  • International Business Machines Corporation (U.S.)

  • FutureX (U.S.)

  • Hewlett-Packard Enterprise Development LP (U.S.) SWIFT (Belgium)

  • Atos SE (France)

  • Ultra-Electronics (U.K.)

  • Yubico (U.S.) and others


Several global manufacturing companies deal with the adverse effects of the pandemic and introducing new technologies to better comeback.

Utimaco GmbH (Germany) is one of the most competitive companies which introduces new generation products of security boosts for cloud applications.

Recent Developments

In February 2017, Utimaco introduces the new generation HSM, Utimaco security server 4.10 with a strong security boost which is needed for cloud applications. It provides unrivaled flexibility and security for HSM service in the cloud.

Report Overview:

The full report is inclusive of the following:


  • Market Overview

  • COVID-19 Analysis

  • Market Dynamics

  • Technology Analysis

  • Study objectives

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments
    FAQs


Segmentation Table

The results of the research are segmented of Global hardware security modules market report are based on type, application, end-users, and region.

By Type

LAN based HSM/Network-Attached HSM, PCIe-based/Embedded Plugins HSM, USB based/Portable HSM

By Application

Payment processing, code and document signing, secure sockets layer (SSL) and transport layer (TSL), authentication, database encryption, PKI or credential management, and application-level encryption

By Region

North America, Asia Pacific, Europe, and the Rest of the World

By End-users

Banking and financial services, government, technology, and communications, industrial and manufacturing industry, retail and consumer products, healthcare and life science, and others (education and transportation).



Frequently Asked Questions (FAQ) :


Regionally, Latin-America accounted for the largest market share in the global hardware security module market

Global hardware security module market recorded USD 1115 million by the end of 2022.

2029-2027 is the assessment period for the global hardware security module market.

The top 4 key players actively functional are Gemalto NV (Amsterdam), Utimaco GmbH (Germany), Thales e-Security, Inc. (U.S.), International Business Machines Corporation (U.S.),

The increase in data breaches & cyber-attacks is the grossing factor influencing the market to expand more than the present time.

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH NETWORK SOLUTION

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 GLOBAL HARDWARE SECURITY MODULE MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY TYPE

6.2.1.1 LAN BASED

6.2.1.2 PCIE BASED

6.2.1.3 USB BASED

6.2.2 BY APPLICATION

6.2.2.1 PAYMENT PROCESSING

6.2.2.2 CODE & DOCUMENT SIGNING

6.2.2.3 SECURE SOCKETS LAYERS

6.2.2.4 TRANSPORT LAYER SECURITY

6.2.2.5 AUTHENTICATION

6.2.2.6 DATABASE ENCRYPTION

6.2.2.7 CREDENTIAL MANAGEMENT

6.2.2.8 APPLICATION-LEVEL ENCRYPTION

6.2.3 BY END-USERS

6.2.3.1 BFSI

6.2.3.2 HEALTHCARE

6.2.3.3 TELECOMMUNICATIONS & IT

6.2.3.4 ENERGY & UTILITIES

6.2.3.5 TRANSPORTATION

6.2.3.6 EDUCATION

6.2.3.7 ENTERTAINMENT & MEDIA

6.2.3.8 MANUFACTURING

6.2.4 BY GEOGRAPHY

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA-PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 GEMALTO NV (AMSTERDAM)

7.2.2 THALES E-SECURITY, INC. (U.S.)

7.2.3 UTIMACO GMBH (GERMANY)

7.2.4 INTERNATIONAL BUSINESS MACHINES CORPORATION (U.S.)

7.2.5 FUTUREX (U.S. )

7.2.6 HEWLETT-PACKARD ENTERPRISE DEVELOPMENT LP (U.S.)

7.2.7 SWIFT (BELGIUM)

7.2.8 ATOS SE (FRANCE)

7.2.9 YUBICO (U.S.)

7.2.10 OTHERS
LIST OF TABLES

TABLE 1 GLOBAL HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 2 GLOBAL HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 3 GLOBAL HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 4 GLOBAL HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 5 NORTH AMERICA HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 6 NORTH AMERICA HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 7 NORTH AMERICA HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 8 NORTH AMERICA HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 9 U.S. HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 10 U.S HARDWARE SECURITY MODULE MARKET, APPLICATION

TABLE 11 U.S. HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 12 U.S. HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 13 CANADA HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 14 CANADA HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 15 CANADA HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 16 CANADA HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 17 EUROPE HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 18 EUROPE HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 19 EUROPE HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 20 EUROPE HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 21 GERMANY HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 22 GERMANY HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 23 GERMANY HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 24 GERMANY HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 25 FRANCE HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 26 FRANCE HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 27 FRANCE HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 28 FRANCE HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 29 U.K. HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 31 U.K. HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 32 U.K. HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 33 U.K. HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 34 REST OF EUROPE HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 35 REST OF EUROPE HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 36 REST OF EUROPE HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 37 REST OF EUROPE HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 38 ASIA-PACIFIC HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE39 ASIA-PACIFIC HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 40 ASIA-PACIFIC HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE 41 ASIA-PACIFIC HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

TABLE 42 MIDDLE EAST & AFRICA HARDWARE SECURITY MODULE MARKET, BY TYPE

TABLE 43 MIDDLE EAST & AFRICA HARDWARE SECURITY MODULE MARKET, BY APPLICATION

TABLE 44 MIDDLE EAST & AFRICA HARDWARE SECURITY MODULE MARKET, BY END-USERS

TABLE45 MIDDLE EAST & AFRICA HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY

LIST OF FIGURES
FIGURE 1 RESEARCH APPLICATION

FIGURE 2 GLOBAL HARDWARE SECURITY MODULE MARKET, BY TYPE (%)

FIGURE 3 GLOBAL HARDWARE SECURITY MODULE MARKET, BY APPLICATION (%)

FIGURE 4 GLOBAL HARDWARE SECURITY MODULE MARKET, BY END-USERS(%)

FIGURE 5 GLOBAL HARDWARE SECURITY MODULE MARKET, BY REGIONS(%)

FIGURE 6 NORTH AMERICA HARDWARE SECURITY MODULE, BY COUNTRY(%)

FIGURE 7 NORTH AMERICA HARDWARE SECURITY MODULE, BY TYPE (%)

FIGURE 8 NORTH AMERICA HARDWARE SECURITY MODULE, BY APPLICATION (%)

FIGURE 9 NORTH AMERICA HARDWARE SECURITY MODULE, BY END-USERS (%)

FIGURE 10 EUROPE HARDWARE SECURITY MODULE, BY COUNTRY (%)

FIGURE 11 EUROPE HARDWARE SECURITY MODULE, BY TYPE (%)

FIGURE 12 EUROPE HARDWARE SECURITY MODULE, BY APPLICATION (%)

FIGURE 13 EUROPE HARDWARE SECURITY MODULE, BY END-USERS (%)

FIGURE 14 ASIA-PACIFIC HARDWARE SECURITY MODULE, BY COUNTRY (%)

FIGURE 15 ASIA-PACIFIC HARDWARE SECURITY MODULE, BY TYPE (%)

FIGURE 16 ASIA-PACIFIC HARDWARE SECURITY MODULE, BY APPLICATION (%)

FIGURE 17 ASIA-PACIFIC HARDWARE SECURITY MODULE, BY END-USERS (%)

FIGURE 18 REST OF THE WORLD HARDWARE SECURITY MODULE, BY COUNTRY (%)

FIGURE 19 REST OF THE WORLD HARDWARE SECURITY MODULE, BY TYPE (%)

FIGURE 20 REST OF THE WORLD HARDWARE SECURITY MODULE, BY APPLICATION (%)

FIGURE 21 REST OF THE WORLD HARDWARE SECURITY MODULE, BY END-USERS (%)