Global Hardware Security Modules Sales Market Research Report 2017 - MRH

The hardware security modules market is expected to reach USD 1,101.2 million by 2022, at a CAGR of 12.87% during the forecast period. The growth of the market is driven by various factors such as the increase in data breaches and cyberattacks, mandates for HSM manufacturers to comply with internal and external privacy and data security regulations, and effective management of cryptographic keys. However, factors such as the cost associated with the hardware security modules is expected to limit the market growth for a short period of time.

Request Free Sample Report@ http://www.marketresearchhub.com/enquiry.php?type=S&repid=1048227

"USB-based/portable HSM would witness a high growth rate during the forecast period"
The market for USB-based/portable HSM is expected to grow at the highest CAGR between 2017 and 2022. The USB-based/portable HSMs are ideally suitable for offline situations where the HSM is stored in a physical safe when not in use, or where the HSM is required to be portable. USB-based HSMs enable organizations to provide high-assurance cryptographic solutions in a cost-effective way. Portability and USB connectivity make USB-based HSMs especially suitable for use with laptops, workstations, or desktops, resulting in the highest growth rate during the forecast period.

"Payment processing type application market would witness a high market size"
The payment processing type application held the largest market size during the forecast period. The emergence of digital transactions, electronic payments, and the need to safeguard the most sensitive financial data results into the largest market share of the payment processing application. To keep systems and internal processes flexible and scalable, HSMs have been specially designed to meet the industry standards and regulatory requirement with respect to the payment processing resulting into the high growth rate for payment processing application during the forecast period.

"Europe would dominate the HSM market, while Latin America is expected to grow at the highest rate during the forecast period"
Europe held the largest share of the hardware security modules market in 2016 owing to the presence of major vendors of hardware security modules and high regulatory compliance in the region. The market in Latin America is expected to grow at the highest CAGR between 2017 and 2022. The growth of the hardware security modules market in Latin America is driven by the growing adoption of modern technologies such as cloud computing and IoT as well as the government initiatives for protecting the sensitive data by formulating data security standards.

Given below is the breakdown of the profile of the primary participants in terms of different parameters considered:

- By Company Type: Tier 1 - 25%, Tier 2 - 40%, and Tier 3 - 35%
- By Designation: C-Level Executives - 50%, Directors - 32%, and Others - 18%
- By Region: North Americas - 32%, Europe - 30%, APAC - 24%, and MEA & LA - 14%.

The key players operating in this market include Gemalto NV (Amsterdam), Thales e-Security, Inc. (U.S.), Utimaco GmbH (Germany), International Business Machines Corporation (U.S.), FutureX (U.S.), Hewlett Packard Enterprise Development LP (U.S.) SWIFT (Belgium), Atos SE (France), Ultra-Electronics (U.K.), and Yubico (U.S.).

Research Coverage
In this report, various segments such as type, application, industry, and geography have been covered. It also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across five main regions: North America, Europe, APAC, Middle East and Africa, and Latin America. The Porter's five forces analysis has been included in the report, along with the description of each of its forces and their impact on the said market.

Access Full Report with TOC@ http://www.marketresearchhub.com/report/global-hardware-security-modules-sales-market-report-2017-report.html

Reasons to Buy the Report:
- This report includes the hardware security modules market sizing in terms of value on the basis of type, application, industry, and geography and shipment/volume (in USD thousand) on the basis of type.
- The Porter's five forces analysis, value chain analysis, and key strategies adopted by the market players have been provided for the hardware security modules market.
- The major drivers, restraints, opportunities and, challenges for the hardware security modules market have been provided in detail in this report.
- The report includes illustrative segmentation, analysis, and forecast for the hardware security modules market based on its segments and subsegments.

About Market Research Hub:

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of Market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

Contact Details:

90 State Street,
Albany, NY 12207,
United States
Toll Free: 866-997-4948 (US-Canada)
Tel: +1-518-621-2074
Email: press@marketresearchhub.com
Website: http://www.marketresearchhub.com/
Follow Us on:
LinkedIn: https://www.linkedin.com/company/market-research-hub
Facebook: https://www.facebook.com/MarketResearchHub/
Twitter: https://twitter.com/MktResearchHub

This release was published on openPR.