Hardware Security Modules (HSM) market size is estimated to be worth US$ 1089 million in 2022 and is forecast to a readjusted size of US$ 2208.3 million by 2029 with a CAGR of 10.5% - Valuates Reports

Due to the COVID-19 pandemic, the global Hardware Security Modules (HSM) market size is estimated to be worth US$ 1089 million in 2022 and is forecast to a readjusted size of US$ 2208.3 million by 2029 with a CAGR of 10.5% during the forecast period 2023-2029.

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Fully considering the economic change by this health crisis, General Purpose HSMs accounting for % of the Hardware Security Modules (HSM) global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029.

While Industrial and Manufacturing segment is altered to an % CAGR throughout this forecast period.

Hardware Security Modules (HSM) Market Insights
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.

Hardware Security Modules (HSM) Market Analysis
Global Hardware Security Modules (HSM) key players include Thales, Entrust Datacard, Utimaco, ATOS SE, Marvell Technology Group, etc. Global top five manufacturers hold a share about 46%. North America is the largest market, with a share about 32%, followed by Asia Pacific and Europe, both have a share over 47 percent. In terms of product, General Purpose HSMs is the largest segment, with a share over 70%. And in terms of application, the largest application is BFSI, followed by Government, etc.

Hardware Security Modules (HSM) Market Scope and Market Size
The global Hardware Security Modules (HSM) market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Hardware Security Modules (HSM) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.

Hardware Security Modules (HSM) Market Segment by Type
General Purpose HSMs
Payment HSMs
HSMaaS

Hardware Security Modules (HSM) Market Segment by Application
Industrial and Manufacturing
BFSI
Government
Others

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