openPR Logo
Press release

Hardware Security Module (HSM) Market - Asia Pacific to Clock Robust CAGR through 2025

11-15-2017 11:14 AM CET | Associations & Organizations

Press release from: TMR

Hardware Security Module (HSM) Market - Asia Pacific to Clock

The global hardware security module (HSM) market is fairly consolidated with a few leading players that enjoy key market shares, states a recent market publication by Transparency Market Research (TMR). Savvy players are hard-focused on product improvement in order to strengthen their presence in this competitive market. Further, some of the leading players are collaborating with integrators and small vendors to develop advanced HSMs as part of their growth strategy. Investments in research and development to offer innovative HSM devices is also on the cards of some key vendors in the global hardware security module market.

Fill the form to gain deeper insights on this market @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27299

Prominent participants in the global hardware security module market to name a few are Ultimaco GmbH, Thales e-Security Inc., Futurex, Gemalto NV, IBM Corporation, Hewlett Packard Enterprise Development L.P., Ultra Electronics Group, Yubico, and SWIFT.

As per the estimations of the TMR report, the demand for hardware security module, across the globe, will increment at an impressive 11.6% CAGR over the forecast period of 2017 to 2025. By the end of 2025, the revenue of this market is projected to be worth US$40.43 bn. The market was evaluated at US$13.40 bn in 2015.

The remote interface HSM type holds the leading market share amongst all. However, USB tokens and smart cards are anticipated to display the leading growth rate over the forecast period. Payment processing application segment is anticipated to rise at the leading growth rate during the forecast period of 2017 to 2025. Geographically, North America is the leading regional market for hardware security module followed by Europe.

Huge Investments for Protection of Sensitive Organizational Data a Boon for Market

Majorly fuelling the hardware security module market is rising data security concerns amongst data-sensitive companies worldwide. With the increasing concerns of breach of sensitive data, enterprises are investing in cyber-security infrastructure, which will indirectly benefit the hardware security module market. Hardware security module serves cryptographic functions that include encryption, decryption, key management/generation, hashing, and message authentication. Several HSM systems have the capability to securely back up the keys that are handled either by the operating systems of the computer or by using some other security token externally.

“The demand for HSM is anticipated to be on the rise in the upcoming years for comprehensive data protection,” says a TMR analyst. Hardware security module has become an important part of an organization’s encryption and key management program within two to three years. Going ahead, the trend for the adoption of HSM is more likely to be observed among organizations in the U.S., Germany, and Japan. The adoption of cloud-based HSM is on the rise predominantly because of its feasibility and cost-effectiveness among small and medium-sized enterprises.

Browse Market Research Report @ https://www.transparencymarketresearch.com/hardware-security-modules.html

With the rising adoption of hardware security module, developed countries such as the U.S. and the U.K. are laying stringent regulatory standards for vendors to adhere to. The federal information processing standards (FIPS) denote the set of quality standards that approve cryptographic module. For example, the FIPS 140-2 denotes security pertaining to level 1, level 2, level 3, and level 4. The standards help the end-users to select the HSM device depending upon their data security requirement.

High Cost of Implementation Challenges Adoption

On the downside, the high cost of implementation and the high cost of upgrade of hardware security module is holding back the market’s growth, especially the traditional hardware security module.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hardware Security Module (HSM) Market - Asia Pacific to Clock Robust CAGR through 2025 here

News-ID: 817913 • Views:

More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,

All 5 Releases


More Releases for HSM

Global Hardware Security Module (HSM) Market Size by Application, Type, and Geog …
USA, New Jersey- According to Market Research Intellect, the global Hardware Security Module (HSM) market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The hardware security module (HSM) market has experienced rapid growth due to the rising need for secure encryption and data protection across industries.
Hardware Security Modules (HSM) Market 2021 | Detailed Report
The research reports on “Hardware Security Modules (HSM) Market” report gives detailed overview of factors that affect global business scope. Hardware Security Modules (HSM) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team. Complete Report Available
Securosys Primus HSM now Common Criteria EAL4+ certified
Zurich, 22 April 2021 Securosys, a leader in cybersecurity, encryption, and digital identity protection, is pleased to announce that Securosys' Primus Hardware Security Modules (HSM) have received the Common Criteria (CC) EAL4+ certification based on the eIDAS protection profile EN 419221-5, certificate number CC 1/21. This is in addition to the FIPS 140-2 Level 3 certification for the Primus HSM. This means that Primus HSM can now be
Hardware Security Modules (HSM) Market Size, Share, Development by 2024
Market Research Report Store offers a latest published report on Hardware Security Modules (HSM) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the Hardware Security Modules (HSM) market will register a 11.2% CAGR in terms of revenue, the global market size will reach US$ 1787.9 million by 2024, from US$ 1167.4
Global Hardware Security Modules (HSM) Market Insights, Forecast
This report presents the worldwide Hardware Security Modules (HSM) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=51453 Table of Contents: 1 Study Coverage
Securosys Primus HSM App for Splunk® extends features of Splunk Enterprise plat …
The Securosys Primus Hardware Security Module (HSM) App for Splunk provides a user environment for immedi-ate and effective monitoring, analysis and visualization of Securosys Primus HSM devices and entire HSM clusters. The Splunk platform allows customers to import and index virtually all types of machine-generated data via a web-based interface and offers powerful search, monitoring and analysis capabilities. In addition, Splunk offers via the integration of apps and add-ons a