Hardware Security Modules Market 2018 by Global Leaders: FutureX, Utimaco GmbH, Gemalto NV, SWIFT, Atos SE, Yubico, Ultra-Electronics, 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 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.

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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

Market Research Future 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.

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.

Hardware Security Modules Market

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.

Market Trends:

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.

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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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