A hardware security module can be defined as a dedicated crypto processor that is specifically designed for the protection of the crypto key lifecycle. It is basically a device that safeguards and manages strong authentication and crypto processing. It also act as anchors that protect the cryptographic infrastructure of some of the most security-conscious organizations by securely managing, processing, and storing cryptographic keys inside a hardened, tamper-resistant device.
Many firms buy this hardware security module to protect transactions, identities and applications because it helps in securing crypto graphic keys, authentication and digital signing services for a wide range of application.
The key drivers contributing to the growth of the Hardware Security Modules Market are increase in data breaches & cyber-attacks, mandates for hardware security modules manufacturers to comply with the internal & external privacy & data security regulations, and effective management of cryptographic keys.
Hardware security modules provides various functions such as life-cycle management which helps in lock and unlock access to digitized information and cryptographic processing produces dual benefits of isolating and off-loading cryptographic processing from application servers. However, high initial cost acts as a barrier for the hardware security module market.
Geographically, Latin-America accounted for the largest market share in the global hardware security module market whereas Asia-Pacific region is expected to grow at a fast pace over the forecast period 2016-2022.
The global Hardware Security Module Market is expected to reach USD 1115 million by the end of 2022 with ~13% CAGR during forecast period 2016-2022
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Portability is a strong market strategy in the global hardware security module market owing to advantages such as ease of deployment and is demonstrated by the rapid growth of the USB-based/portable HSM devices.
Increasing functionality such as built-in PKI, key backup facility and development of level IV security systems.
To generate an accurate understanding of the global hardware security module market the report has been segmented by type, application, end-users and region.
On the basis of type, the market has been sub segmented into PCIE-based/embedded plugins HSM, LAN-based HSM/network-attached HSM, and USB-based/portable HSM.
Based on application, the market is sub segmented into authentication, database encryption, payment processing, code and document signing, PKI or credential management, secure sockets layer (SSL) and transport layer security (TLS), application-level encryption and others. Authentication accounted for the largest market share of the market by applications in 2016.
Based on end-users, the market is sub segmented into industrial and manufacturing industry, energy and utilities, banking and financial services, healthcare and life science, government, technology and communications, retail and consumer products, entertainment & media, education and transportation. Based on regions, the market is sub segmented into North America, Europe, Asia Pacific and rest of the World.
The key players of global hardware security module market report include 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.
North America accounted for the largest share of the market owing to highly developed ecommerce and financial sector, and economic clout. Latin America is another market to watch out for owing to development of ecommerce and growing trade with the U.S.
Europe is led by the U.K., Germany and France. Although the developed regions have a first comer advantage over the developing, the market is expected to shift in favor of the developing regions of Asia Pacific especially China, and India. The formulation of new regulatory compliances, growing adoption of e-commerce and online transactions, growing adoption of cloud and IOT in these regions are the drivers of the market.
The Middle East and Africa market is dominated by the cash rich Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.
- Hardware security module Manufacturers
- Research firms
- Consultancy firms
- Software Developers
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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Table of Contents
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
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
3.2 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
6.2 Market Statistics
6.2.1 By Type
188.8.131.52 Lan Based
184.108.40.206 Pcie Based
220.127.116.11 Usb Based
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