Hardware Security Modules Market 2018 Global Leaders: Yubico, Atos SE, SWIFT, FutureX, International Business Machines, Utimaco GmbH, Gemalto NV, Thales e-Security

Market Research Future published a research report on “Global Hardware Security Modules Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Scenario:

A hardware security module (HSM) is a dedicated crypto processor device designed to protect, manage and process digital crypto keys, with strong authentication. It is a hardened, tamper-resistant plug-in card or an external device which attaches directly to a computer or network server and used by security conscious organizations. The global hardware security module market is anticipated to grow at a CAGR of 13 % during the forecast period of 2016 to 2022.

Market Dynamics:

Drivers

The growing cases of data security breaches, cyber-attacks has mandated the adoption of hardware security modules. The development of antecedents such as increased deployment of web and cloud based applications, growing ecommerce and payment card industry, remote access, and growing density of intellectual property and concurrent cases of industrial espionage are strong driving factors of the market.

These drivers have been compounded by growing stringency of compliance and regulatory requirements, emergence of internet of things (IoT), social messaging apps etc. Thus in general growing dependence on I.T. systems, has resulted in acute growth of needs of data responsibility, authentication, data integrity and nonrepudiation. The investment climate is enthusiastic owing to the scalable and repeatable nature of the business.

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Restraints

High investment and maintenance costs acts and the deliberate subverting of cryptography standards by intelligence agencies are barrier for the hardware security module market.

Key Players

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.

Regional Analysis:

The global hardware security module market is expected to grow significantly. The market is highly application basis. Authentication segment of hardware security module market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.

Regionally, Latin-America accounted for the largest market share because the region is attributed to the formulation of new regulatory compliances and the adoption of modern technologies such as cloud and IoT and also creates opportunity for information security.

Asia Pacific is expected to grow at a fast pace, majorly due countries such as India and China are investing huge amounts of money for the adoption of modern technologies.

Segments:

On the basis of type, lan-based, pcie-based and usb-based/portable hsm. Out of these, USB-based is expected to grow over the forecast period, 2016-2022 because they are portabl and easy to deploy without the need for any external hardware or tool.

On the basis of application, the market can be segmented as 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.

On the basis of end-users the market can be segmented into 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.

Authentication accounted for the largest market share because the usage of hardware security module for the authentication application can reduce fraud and protect users from internet attacks while shopping online and accessing confidential or private information through a web portal or application.

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Intended Audience

• Hardware security module Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors

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