Cloud Hardware Security Modules (HSM) Market Detailed In New Research Report 2024

The Cloud Hardware Security Modules (HSM) Market is Valued USD 0.8 billion in 2022 and projected to reach USD 2.68 billion by 2030, growing at a CAGR of 16.30% During the Forecast period of 2024-2032.

The hardware security modules (HSM) market is propelled by various crucial elements, indicating a growing focus on strong cybersecurity protocols across different sectors. The rising occurrences of data breaches and cyber-attacks have increased the demand for enhanced security solutions, leading organizations to implement HSMs due to their superior capabilities in encryption and key management. Moreover, the surge of digital transactions and the emergence of cryptocurrencies require secure cryptographic processes, strengthening the market. The growth of cloud services plays a crucial role as cloud providers incorporate HSMs to improve security and maintain credibility.

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Cloud Hardware Security Modules (HSM) Market Segments:

According to the report, the Cloud Hardware Security Modules (HSM) Market is segmented in the following ways which fulfil the market data needs of multiple stakeholders across the industry value chain -

The Leading Players involved in the global Cloud Hardware Security Modules (HSM) Market are:

Thales, Amazon Web Services, Inc., Google, Entrust Corporation, Utimaco Management GmbH, IBM, HPE, Alibaba Cloud, Futurex, Cloudflare, Atos SE, and Others.

Industry News:

May 2024: Utimaco unveiled an upgraded Trust as a Service marketplace with additional features and deployment choices, giving businesses the flexibility to seamlessly opt for on-premise or cloud-based options through a single-pane view. With Utimaco's General Purpose HSM as a Service, customers can cut down on capital and labor expenses without requiring a dedicated server room, secure environment setup, or data center selection.

August 2023: Thales introduced Thales payShield Cloud HSM, a digital payments security service available through subscription. This service is built on the established payShield 10K Payment HSM technology, aiming to assist customers in fast-tracking the implementation of cloud-based payments infrastructure.

Market segmentation:

By Deployment Mode
Public Cloud
Private Cloud
Hybrid Cloud
By Organization Size
SMEs
Large Enterprises

By Application
Encryption and Key Management
Identity and Access Management
Digital signing
Code signing
PKI
Blockchain
IoT
Others

By End-use Verticals
BFSI
Healthcare
Government and Defense
Retail and E-commerce
Others

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Countries Covered:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

In 2023, North America maintained a significant market share, fueled by rising investments in cybersecurity infrastructure and an increasing recognition of the importance of safeguarding data. As organizations increasingly encounter changing cyber threats, the need for HSM solutions is projected to grow, positioning North America as a major contender in the worldwide HSM market. The local market significantly depends on the U.S. for expansion, particularly because the Department of Defense (DoD) and several government entities count on HSMs to protect classified data, communications, and essential infrastructure. The laws regarding cybersecurity risks have expanded the scope of HSMs and cybersecurity IoT in North America.

Key Features of the Cloud Hardware Security Modules (HSM) Market Report:

✅ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

✅ Examine the market opportunities for stakeholders by identifying higher growth sections.

✅ To study and analyze the global market industry status and forecast including key regions.

✅ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

✅ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

✅ It helps you make strategic business decisions and investment plans.

Table of Content:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Cloud Hardware Security Modules (HSM) Market

Chapter 2: Exclusive Summary - the basic information of the Cloud Hardware Security Modules (HSM) Market

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Cloud Hardware Security Modules (HSM) Market

Chapter 4: Presenting the Cloud Hardware Security Modules (HSM) Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis

Chapter 5: Displaying the by Type, End User and Region/Country

Chapter 6: Evaluating the leading manufacturers of the Cloud Hardware Security Modules (HSM) Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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This release was published on openPR.