Global Hardware Security Modules Market by Type (LAN Based, PCI-E Based, USB Based), Deployment (On-premise and Cloud), Application (Payment Processing, Code and Document Signing, Secure Sockets Layer (SSL) and Transport Layer Security (TLS), Authentication, Database Encryption, PKI or Credential Management and Application-Level Encryption), Industry(Banking and Financial Services, Government, Technology and Communications, Industrial and Manufacturing Industry, Energy and Utilities, Retail and Consumer Product, Healthcare and Life Science and Others) and Region (North- America, Europe, Asia-Pacific, Middle East & Africa, South America) –is expected to reach US$ 1445.3Mn by 2027, at a CAGR of 12.96 %.
It is a physical computing device that sustains and manages digital keys for tough confirmation and deals crypto processing. These modules typically come in the form of a plug-in card or an exterior device that attaches directly to a computer or network server.
Increase in data breaches and cyber-attacks, advance in data breaches and cyber-attacks regulations and effective organization of cryptographic keys are the major driving factors of the global hardware security modules market.
The main restraint of the global Hardware Security Modules Market is high Cost Associated with Hardware Security Modules.
The major Opportunities in the global hardware security modules market are in demand for HSMS for data safety in the cloud atmosphere and attain point-to-point encryption by complying with PCI Standards.
The Deployment type cloud segment to hold the largest market share
Deployment type cloud segment is anticipated to raise at the highest rate during the forecast period owing to the service delivery by the cloud deployment to protect cryptographic keys with the same dynamic and virtualized attributes of cloud computing surroundings.
The type USB-based segment to hold the largest market share
The demand for USB-based/portable plugins HSMs is projected to propagate in the future due to the benefits such as lower cost associated to the LAN-based/network-attached HSMs and PCIe-based/embedded plugin HSMs, compact size, and portability features.
This report contains a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such Gemalto NV, Thales e-Security, Inc., Utimaco GmbH, International Business Machines Corporation, FutureX, Hewlett-Packard Enterprise Development LP, SWIFT, Atos SE, Ultra-Electronics, and Yubico.
Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global Hardware Security Modules database market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain the global Hardware Security Modules database market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Hardware Security Modules Market”.
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