Hardware Security Module (HSM) Market Share, Size, Financial Summaries Analysis from 2022-2030 | CAGR 14.4%

The Global Hardware Security Modules Market Is Projected To Reach 3.1 Billion By 2030, With A CAGR Of 14.4%.

Hardware Security Module (HSM) Market Overview:

Global Hardware Security Module (HSM) Market 2022-2030, report discovers comprehensive insights on key manufacturers with share information, market size and projection, key dynamics, growth factors, and new company profiles. The report provides detailed information about the market overview, prevalent trends, demand, and recent developments impacting the market growth in the coming years. Hardware Security Module (HSM) Market opportunities analysis, strategic growth analysis, product launches, marketplace expanding, and technological innovations are also highlighted. The report uncovers Hardware Security Module (HSM) market size, potential growth, trends and expansion strategies followed by top prominent players.

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Rising cyberattacks and data breaches worldwide, compliance with stringent data security regulations, and increasing focus on data security in the cloud are some of the key factors driving hardware security module market revenue growth. Moreover, growing demand for securing cryptographic keys and managing encryption and decryption processes is expected to support revenue growth in the market.

A hardware security module (HSM) is a device that adds another layer of protection to sensitive data. The device provides cryptographic keys for critical operations such as authentication, encryption, and decryption for databases and applications, and protects an organization's cryptographic architecture. The hardware security module manages, processes, and stores cryptographic keys within a hardened, tamper-resistant shell. HSMs can also create and verify digital signatures and access transactions that are recorded to create an audit trail. Businesses can use devices to convert confidential information and processes from paper documents to digital formats.

The rise in cyber attacks and data breaches worldwide, especially in the BFSI, telecommunications and retail sectors, has boosted the demand for hardware security module systems. According to a 2022 UK government survey, 39% of UK businesses have confirmed a cyberattack in the past 12 months. On March 28, 2022, the National Telecommunications Authority of Marshall Islands suffered a Distributed Denial of Service (DDoS) attack that disrupted Internet access on the islands for over a week. On May 9, 2022, the Bank of Zambia announced the disruption of certain banking services due to a cyberattack.

Some of the key players profiled in the study are

IBM Corporation, Thales Group, Utimaco Safeware., Atos SE, STMicroelectronics, Microchip Technology Inc., Hewlett Packard Enterprise, Gemalto NV, QLogic Corporation, and Futurex LP, and Others.

Hardware Security Module (HSM) Market Segmentation:

By Type:
• Local Interface
• Remote Interface
• USB Token
• Smart Cards
• Other

By Applications:
• Payment Processing
• Code and Document Signing
• SSL and TLS
• Authentication
• Database Encryption
• PKI or Credential Management
• Application-Level Encryption
• Other

By Industry:
• BFSI
• Healthcare & Life Sciences
• Manufacturing
• Retail & CPG
• Government & Defense
• Energ

Latest Industry Developments:
• On June 6, 2022, IBM entered into an agreement with Thailand-based financial services provider Siam Commercial Bank to improve the security of numerous digital transactions on its recent platform and better serve its clients. The collaboration aims to leverage IBM's core expertise in providing a secure and resilient enterprise platform for mission-critical apps and data in the hybrid multicloud to mitigate risk and reduce fraud in financial transactions.
• On February 22, 2022, the French multinational Thales Group announced that its payShield 10K technology supports Microsoft Azure Payment Hardware Security Module (HSM) offerings. A new service that uses cryptographic key operations to secure sensitive real-time payment transactions in Azure.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecasts (2022-2030) of the following regions are covered:
• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The European market accounted for the largest revenue share in the global hardware security module market in 2021. The increasing adoption of advanced technologies such as 5G, LoT, and artificial intelligence (AI) has led countries across the region, especially the UK, Germany and France. A number of cyberattacks have occurred in the European banking and retail sectors in recent years.

The North American market is expected to register steady revenue growth over the forecast period, owing to increasing adoption of hardware security modules in various end-use industries such as BFSI, retail, telecommunications, and government organizations, especially in countries across the region. in the US and Canada.
The Asia-Pacific market is expected to register rapid revenue growth during the forecast period, owing to the advancement of IT companies and increasing number of cyberattack incidents in the region, especially in China, Japan, and India. According to the study, Asia was the most targeted region for cyberattacks in 2021.

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Table of Content of Hardware Security Module (HSM) Market:
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Covid-19 Impact On Hardware Security Module (HSM) Market
5. Hardware Security Module (HSM) Market Overview, By Segmentation, 2017 - 2030 (USD Million)
6. Hardware Security Module (HSM) Market Overview, By Geography, 2017 - 2030 (USD Million)
7. North America Hardware Security Module (HSM) Market Overview, By Countries, 2017 - 2030 (USD Million)
8. Europe Hardware Security Module (HSM) Market Overview, By Countries, 2017 - 2030 (USD Million)
9. Asia Pacific Hardware Security Module (HSM) Market Overview, By Countries, 2017 - 2030 (USD Million)
10. Middle East & Africa Hardware Security Module (HSM) Market Overview, By Countries, 2017 - 2030 (USD Million)
11. South America Hardware Security Module (HSM) Market Overview, By Countries, 2017 - 2030 (USD Million)
12. Competitive Landscape
13. Key Vendor Analysis
14. Hardware Security Module (HSM) Market Cost Analysis
15. Industrial Chain, Sourcing Strategy and Downstream Buyers
16. Marketing Strategy Analysis, Distributors/Traders
17. Market Effect Factors Analysis
18. Future Outlook of the Market

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Why You Should Buy This Report on the Global Hardware Security Module (HSM) Market:
1. The forecast for the established and growing markets for global Hardware Security Module (HSM)
2. Use Porter's Five Forces analysis to analyze various market perspectives.
3. The market segment that is anticipated to dominate the Hardware Security Module (HSM) industry worldwide.
4. Geographical areas that are anticipated to experience the quickest growth over the projection period.
5. Identify the most recent innovations, market shares for global Hardware Security Module (HSM) and marketing techniques used by the leading industry competitors.

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