Hardware Secure Module Adapters Market is Estimated to Reach USD 4.36 Billion By 2030: Cognitive Market Research

Global Hardware Secure Module Adapters Market Overview:
The hardware secure module adapter connects to the system and communicates with the external HSM to offload security-critical functions such as encryption, decryption, and signing. This help to protect against attacks on the system and ensure the integrity and confidentiality of sensitive data. HSM adapters are used in conjunction with other security measures such as firewalls and intrusion detection systems, which are provided as a separate hardware device or implemented as a software component.

Summary:
• The Global Hardware Secure Module Adapters Market Size Was Valued at USD 1.51 Billion In 2022 And Is Expected to Grow at A CAGR Of 12.01 % During the Forecast Period, Reaching USD 4.36 Billion By 2030.
• Based on type, the USB-based segment has the largest revenue share in the hardware security module adapter market.
• Based on industry, the banking, financial services, and insurance segment has the largest revenue share in the hardware security module adapter market.
• Europe has the largest revenue share in the hardware security module adapter market.

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Market Dynamics:
Increasing cyberattacks, adoption of cloud-based services, and preference for digital payments is the key factor expected to drive the growth of the hardware security module adapter market. Furthermore, increasing demand for hardware security modules and technological advancements in the internet of things create growth opportunities for the global hardware security module adapter market. However, vulnerability to security data breaches and the need for regular upgrading and maintenance may restrict the growth of the hardware security module adapter market.  

Market Segmentation:
Type:
• LAN Based/Network Attached
• PCI Based
• USB Based
• Smart Cards
Based on type, the USB-based segment has the largest revenue share in the hardware security module adapter market. This is attributed to USB-based hardware security modules, organizations offer high-assurance cryptographic solutions at low cost. In addition, this module is suitable for laptops, workstations, and desktops due to its portability and USB connectivity.

Industry:
• Transportation
• Retail
• Aerospace and defense
• Banking Financial Services and Insurance
• Others
Based on industry, the banking, financial services, and insurance segment has the largest revenue share in the hardware security module adapter market. This is due to the various benefits of banking, financial services, and insurance including automated digital signing, cloud encryption, time stamping, debit and credit card key generation, and network device management.

Competitive Analysis for Hardware Secure Module Adapters Market: Thales, Microchip Technology Inc., Infineon Technologies, Atos SE, Yubico, Hewlett Packard Enterprise Development LP

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Europe accounted for the largest share of the hardware security module adapter market
Europe has the largest revenue share in the hardware security module adapter market. This is due to increasing awareness regarding data security provided by HSMs. In addition, increasing adoption of cloud-based technologies and digital advancements in countries like the UK and the Netherlands are anticipated to drive the growth of the target market in the region.

News:
Thales has announced its payShield 10K technology is helping to deliver Microsoft Azure Payment Hardware Security Module
In February 2022, Thales has announced the launch of payShield 10K technology is helping to deliver Microsoft Azure Payment Hardware Security Module (HSM), a new service that provides cryptographic operations to protect real-time, critical payment transactions in Azure. The solution is in public preview and allows service providers and financial institutions to accelerate the digital transformation of their cloud-based payment systems confidently.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Hardware Secure Module Adapters Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Hardware Secure Module Adapters Market Segmentation
1.5.1 Hardware Secure Module Adapters Market Regional Fragmentation
1.5.1 Hardware Secure Module Adapters Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Hardware Secure Module Adapters Market
• 3.1 Global Hardware Secure Module Adapters Market Size 2018 - 2030, (USD Million)
• 3.2 Global Hardware Secure Module Adapters Market Statistics 2022: Snapshot
Chapter 4 Global Hardware Secure Module Adapters Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Hardware Secure Module Adapters Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Hardware Secure Module Adapters Market by Industry Segmentation Analysis (2018-2030)
Chapter 10 Global Hardware Secure Module Adapters Market Regional Analysis
Chapter 11 North America Hardware Secure Module Adapters Market Outlook (2018 - 2030)
Chapter 12 Europe Hardware Secure Module Adapters Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Hardware Secure Module Adapters Market Outlook (2018 - 2030)
Chapter 14 Latin America Hardware Secure Module Adapters Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Hardware Secure Module Adapters Market Outlook (2018 - 2030)
Chapter 16 Research Findings
Customized/Exclusive Report Access on Request
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