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

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.

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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

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.

Global Hardware Security Module (HSM)Market - Segmentation

• Segmentation by Type: LAN-based HSM/network-attached HSM, PCIE-based/embedded plugins HSM and USB-based/portable HSM.
• Segmentation by Application: 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.
• Segmentation by End user: 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.
• Segmentation by Region: North America, Europe, Asia Pacific and Rest of the world.

Hardware Security Module (HSM)Market - Regional Analysis

Geographically, the hardware security module market is categorized as North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is likely to be the fastest growing region in the hardware security module market. Japan, China, and South Korea to witness to be major contributing region owing to increased inclination to strengthen cloud infrastructure. North America, the market for hardware security module is witnessing a mature market growth over the forecast period owing to early adoption of security modules in BFSI sector. Furthermore, Europe is likely to gain to have a significant growth rate in the market. The growth rate is attributed to increase in need to safeguard the databases in BFSI and retail sector.

Industry News

May 2018 Utimaco to acquire Atalla from Micro Focus

With this strategic acquisition, Utimaco would develop the most comprehensive HSM solution, Additionally it would also Ultimaco to integrate general purpose HSM offered by Atalla Payment HSMs to offer a portfolio that will allow Ultimaco to satisfy the hardware encryption requirements.

October 2017 Atos Corporation launched Trustway Data Protection Suite
Trustway Data Protection Suite is a data encryption solution that protects sensitive data and manage data security to reduce the risk of cyberattacks. It also facilitates businesses to safeguard, manage and migrate sensitive data wherever it resides, on all deployment cloud environments.

June 2017, Thales one of the providers of critical information systems, cybersecurity and data security, solutions collaborated with Chain provider of enterprise-grade blockchain infrastructure.

The sole purpose of collaboration is to integrate its hardware security modules with blockchain infrastructure provided by Chain, to generate and secure critical cryptographic keys for financial sectors. the integrated solution enables robust cryptographic techniques, which securely and efficiently generate temporary one-time keys for each transaction.

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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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