Hardware Security Modules Market Analysis, Trends & Forecast to 2025 |Atos SE, Gemalto, Westone

A hardware security module (HSM) is a physical computing device that safeguards and manages digital keys for strong authentication and provides crypto processing. These modules traditionally come in the form of a plug-in card or an external device that attaches directly to a computer or network server.

Hardware Security Modules (HSM) are devices specifically built to create a tamper-resistant environment in which to perform cryptographic processes (e.g. encryption or digital signing) and to manage keys associated with those processes. HSMs often provide cryptographic acceleration that is measured in terms of operations. These devices are used to protect critical data processing activities associated with server based applications and can be used to strongly enforce security policies and access controls. These modules are physical devices that traditionally come in the form of a plug-in card or an external network connected appliance and are often validated against security standards such as FIPS.

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The Hardware Security Module industry concentration is not high; there are more than one hundreds manufacturers in the world, and high-end products mainly from U.S. and Western European.
Global giant manufactures mainly distributed in U.S. China，and E.U. The manufacturers in U.S. have a long history and unshakable status in this field. Manufacturers such as Gemalto have relative higher level of product’s quality. As to France, Gemalto has become as a global leader. In Germany, Utimaco leads the technology development. Most of Chinese manufactures locate in Beijing，Guangzhou province.

Many companies have several plants, usually locate in the place close to aimed consumption region. There are international companies set up factories in China either, such as JN UNION. Some companies usually take a joint venture enter into aim market.

The key consumption markets locate at developed countries. The United States takes the market share of 32%, followed by EU with 24%. China’s consumption market share of 14.5% with a quicker growing speed of CAGR 18%.
We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

The global Hardware Security Modules (HSM) market is valued at 1080 million US$ in 2018 is expected to reach 2450 million US$ by the end of 2025, growing at a CAGR of 10.8% during 2019-2025.
This report focuses on Hardware Security Modules (HSM) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Hardware Security Modules (HSM) market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
Gemalto, Atos SE, Westone, Thales, Ultra Electronics, Utimaco, JN UNION, JN TASS, Beijing Sansec Technology, Yubico, SWIFT, Micro Focus, Futurex, SPYRUS Inc.

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Segment by Regions
North America
Europe
China
Japan

Segment by Type
General Purpose HSMs, Payment HSMs, Others

Segment by Application
Industrial and Manufacturing, Banking, Financial services and Insurance (BFSI), Government, Others

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