Press release
Hardware Secure Module (HSM) Adapters Market Worth $4.4 Billion by 2031
Hardware Secure Module (HSM) Adapters Market
According to the report published by Allied Market Research, the global hardware secure module (HSM) adapters market garnered $1.3 billion in 2021, and is estimated to generate $4.4 billion by 2031, manifesting a CAGR of 13.0% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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The research provides detailed segmentation of the global hardware secure module (HSM) adapters market based on type, industry, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on type, the LAN based/network attached segment held the highest share in 2021, accounting for nearly one-third of the global hardware secure module (HSM) adapters market, and is expected to continue its leadership status during the forecast period. However, the USB based segment is expected to register the highest CAGR of 14.38% from 2022 to 2031.
Based on industry, the banking, financial services, and insurance segment accounted for the highest share in 2021, contributing to nearly one-third of the global hardware secure module (HSM) adapters market, and is expected to maintain its lead in terms of revenue during the forecast period. This segment is expected to manifest the highest CAGR of 14.78% from 2022 to 2031.
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Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly two-fifths of the global hardware secure module (HSM) adapters market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 14.09% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Leading market players of the global hardware secure module (HSM) adapters market analyzed in the research include Thales, Microchip Technology Inc., Infineon Technologies, Atos SE, Yubico, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, spyrus, Utimaco GmbH, Securosys.
The report provides a detailed analysis of these key players of the global hardware secure module (HSM) adapters market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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