Report ID : AMR1004189 | Industries : Semiconductors and Electronics | Published On :December 2023 | Page Count : 246
Global Hardware Security Modules Market Size, Trends & Growth Opportunity, by Type (LAN-Based, USB-Based, PClE-Based), by Application (Database Encryption, Payment Processing, PKI and Credential Management, Code Document Signing, Authentication, Application-Level Encryption, Security Sockets Layer (SSL) and Transport Security Layer (TSL)), by Industry Vertical (Retail, Government, Manufacturing, Energy and Utility, Healthcare, Aerospace and Defense, BFSI), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Hardware Security Modules Market
The Hardware Security Modules Market was valued at USD 1.25 Billion in 2022 and is expected to expand to USD 2.97 Billion in 2030 at a CAGR of 11.42% during the forecast period 2023- 2030.
Market Overview
Physical devices that offer additional security for sensitive data are referred to as hardware security modules. In order to use databases and apps, these devices facilitate tasks like encryption, decryption, and authentication. Firms that possess valuable trade secrets might safeguard them with hardware security models, which limit access to the hardware security module to authorised personnel only in order to facilitate cryptographic key transactions.
Market Drivers
There is an increase in the adoption of information communication and technology, data encryption, and cybersecurity solutions across various industries, including BFSI, communication and technology, and automotive, among others, to achieve scalability, protect identities and transactions, reduce operational costs, decrease uptime, and encrypt the sensitive data generated, as well as protection of digital signatures, to prevent data breaches. As a result, demand for hardware security modules is rising in these sectors.
Market Restraints
Hardware Security Modules provide confidentiality for encryption keys in a physically hardened device, protecting data from both internal and external attacks. Despite the security advantages, HSMs constructed using outdated technology are challenging to use since they require expensive proprietary hardware. Second, HSM's operating and maintenance costs are higher than those of the device, which slows the market's expansion.
Impact of Covid-19
The COVID-19 pandemic has had a major effect on the global hardware security module business. The global stagnation of new projects has resulted in a reduction in the demand for analogue semiconductors. Workers have stayed at home, disrupting global supply lines, and global manufacturers have failed to integrate new hardware security components. COVID-19's effects on this market are only momentary because the supply chain and manufacture are both halted. Production, supply chains, and demand for hardware security modules will all progressively rise as things get better.
Market Segmentation
Global Hardware Security Modules Market is segmented into Type, Application, and Industry Vertical. By Type, the Global Hardware Security Modules Market is segmented into LAN-Based, USB-Based, PClE-Based. By Application, the Global Hardware Security Modules Market is segmented into Database Encryption, Payment Processing, PKI and Credential Management, Code Document Signing, Authentication, Application-Level Encryption, Security Sockets Layer (SSL) and Transport Security Layer (TSL). By Industry Vertical, the Global Hardware Security Modules Market is segmented into Retail, Government, Manufacturing, Energy and Utility, Healthcare, Aerospace and Defense, BFSI.
Regional Analysis
Global Hardware Security Modules Market is segmented into five regions such as North America, Europe, Latin America, Asia Pacific Middle East and Africa. The North American region dominates the Hardware Security Modules (HSM) industry. Laws governing cybersecurity risks have broadened the scope of hardware security modules and cybersecurity IoT in North America. A hardware security module (HSM) is a physical device that controls digital keys, as well as providing safe storage and key creation.
Market Key Players
Various key players are discussed in this report such as Ultra Electronics, Ultimaco GmbH, IBM Corporation, Thales e-Security Inc, Swift, Spyrus Inc, Futurex, Yubico, ATOS SE and Ledger.
Market Taxonomy
By Type
• LAN-Based
• USB-Based
• PClE-Based
By Application
• Database Encryption
• Payment Processing
• PKI and Credential Management
• Code Document Signing
• Authentication
• Application-Level Encryption
• Security Sockets Layer (SSL)
• Transport Security Layer (TSL)
By Industry Vertical
• Retail
• Government
• Manufacturing
• Energy and Utility
• Healthcare
• Aerospace and Defense
• BFSI
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Hardware Security Modules Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Hardware Security Modules Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Hardware Security Modules Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Hardware Security Modules Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Hardware Security Modules Market Share Analysis, By Type
5.3 Global Hardware Security Modules Market Size and Forecast, By Type
5.3.1 LAN-Based
5.3.2 USB-Based
5.3.3 PClE-Based
6 Global Hardware Security Modules Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Hardware Security Modules Market Share Analysis, By Application
6.3 Global Hardware Security Modules Market Size and Forecast, By Application
6.3.1 Database Encryption
6.3.2 Payment Processing
6.3.3 PKI and Credential Management
6.3.4 Code Document Signing
6.3.5 Authentication
6.3.6 Application-Level Encryption
6.3.7 Security Sockets Layer (SSL)
6.3.8 Transport Security Layer (TSL)
7 Global Hardware Security Modules Market, By Industry Vertical
7.1 Y-o-Y Growth Comparison, By Industry Vertical
7.2 Global Hardware Security Modules Market Share Analysis, By Industry Vertical
7.3 Global Hardware Security Modules Market Size and Forecast, By Industry Vertical
7.3.1 Retail
7.3.2 Government
7.3.3 Manufacturing
7.3.4 Energy and Utility
7.3.5 Healthcare
7.3.6 Aerospace and Defense
7.3.7 BFSI
8 Global Hardware Security Modules Market, By Region
8.1 Global Hardware Security Modules Market Share Analysis, By Region
8.2 Global Hardware Security Modules Market Size and Forecast, By Region
8.3 Global Hardware Security Modules Market Trends and Forecast, By Region
9 North America Hardware Security Modules Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Hardware Security Modules Market Size and Forecast, By Type
9.3 North America Hardware Security Modules Market Size and Forecast, By Application
9.4 North America Hardware Security Modules Market Size and Forecast, By Industry Vertical
9.5 North America Hardware Security Modules Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Type
9.5.1.2 Market Size and Forecast, By Application
9.5.1.3 Market Size and Forecast, By Industry Vertical
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Type
9.5.2.2 Market Size and Forecast, By Application
9.5.2.3 Market Size and Forecast, By Industry Vertical
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Type
9.5.3.2 Market Size and Forecast, By Application
9.5.3.3 Market Size and Forecast, By Industry Vertical
10 Europe Hardware Security Modules Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Hardware Security Modules Market Size and Forecast, By Type
10.3 Europe Hardware Security Modules Market Size and Forecast, By Application
10.4 Europe Hardware Security Modules Market Size and Forecast, By Industry Vertical
10.5 Europe Hardware Security Modules Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Type
10.5.1.2 Market Size and Forecast, By Application
10.5.1.3 Market Size and Forecast, By Industry Vertical
10.5.2 France
10.5.2.1 Market Size and Forecast, By Type
10.5.2.2 Market Size and Forecast, By Application
10.5.2.3 Market Size and Forecast, By Industry Vertical
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Type
10.5.3.2 Market Size and Forecast, By Application
10.5.3.3 Market Size and Forecast, By Industry Vertical
10.5.4 Russia
10.5.4.1 Market Size and Forecast, By Type
10.5.4.2 Market Size and Forecast, By Application
10.5.4.3 Market Size and Forecast, By Industry Vertical
10.5.5 Italy
10.5.5.1 Market Size and Forecast, By Type
10.5.5.2 Market Size and Forecast, By Application
10.5.5.3 Market Size and Forecast, By Industry Vertical
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Type
10.5.6.2 Market Size and Forecast, By Application
10.5.6.3 Market Size and Forecast, By Industry Vertical
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Type
10.5.7.2 Market Size and Forecast, By Application
10.5.7.3 Market Size and Forecast, By Industry Vertical
11 Asia Pacific Hardware Security Modules Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Hardware Security Modules Market Size and Forecast, By Type
11.3 Asia Pacific Hardware Security Modules Market Size and Forecast, By Application
11.4 Asia Pacific Hardware Security Modules Market Size and Forecast, By Industry Vertical
11.5 Asia Pacific Hardware Security Modules Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Type
11.5.1.2 Market Size and Forecast, By Application
11.5.1.3 Market Size and Forecast, By Industry Vertical
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Type
11.5.2.2 Market Size and Forecast, By Application
11.5.2.3 Market Size and Forecast, By Industry Vertical
11.5.3 India
11.5.3.1 Market Size and Forecast, By Type
11.5.3.2 Market Size and Forecast, By Application
11.5.3.3 Market Size and Forecast, By Industry Vertical
11.5.4 South Korea
11.5.4.1 Market Size and Forecast, By Type
11.5.4.2 Market Size and Forecast, By Application
11.5.4.3 Market Size and Forecast, By Industry Vertical
11.5.5 Australia
11.5.5.1 Market Size and Forecast, By Type
11.5.5.2 Market Size and Forecast, By Application
11.5.5.3 Market Size and Forecast, By Industry Vertical
11.5.6 New Zealand
11.5.6.1 Market Size and Forecast, By Type
11.5.6.2 Market Size and Forecast, By Application
11.5.6.3 Market Size and Forecast, By Industry Vertical
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Type
11.5.7.2 Market Size and Forecast, By Application
11.5.7.3 Market Size and Forecast, By Industry Vertical
11.5.8 Malaysia
11.5.8.1 Market Size and Forecast, By Type
11.5.8.2 Market Size and Forecast, By Application
11.5.8.3 Market Size and Forecast, By Industry Vertical
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Type
11.5.9.2 Market Size and Forecast, By Application
11.5.9.3 Market Size and Forecast, By Industry Vertical
12 Latin America Hardware Security Modules Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Hardware Security Modules Market Size and Forecast, By Type
12.3 Latin America Hardware Security Modules Market Size and Forecast, By Application
12.4 Latin America Hardware Security Modules Market Size and Forecast, By Industry Vertical
12.5 Latin America Hardware Security Modules Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Type
12.5.1.2 Market Size and Forecast, By Application
12.5.1.3 Market Size and Forecast, By Industry Vertical
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Type
12.5.2.2 Market Size and Forecast, By Application
12.5.2.3 Market Size and Forecast, By Industry Vertical
12.5.3 Colombia
12.5.3.1 Market Size and Forecast, By Type
12.5.3.2 Market Size and Forecast, By Application
12.5.3.3 Market Size and Forecast, By Industry Vertical
12.5.4 Peru
12.5.4.1 Market Size and Forecast, By Type
12.5.4.2 Market Size and Forecast, By Application
12.5.4.3 Market Size and Forecast, By Industry Vertical
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Type
12.5.5.2 Market Size and Forecast, By Application
12.5.5.3 Market Size and Forecast, By Industry Vertical
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Type
12.5.6.2 Market Size and Forecast, By Application
12.5.6.3 Market Size and Forecast, By Industry Vertical
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Type
12.5.7.2 Market Size and Forecast, By Application
12.5.7.3 Market Size and Forecast, By Industry Vertical
13 Middle East Hardware Security Modules Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Hardware Security Modules Market Size and Forecast, By Type
13.3 Middle East Hardware Security Modules Market Size and Forecast, By Application
13.4 Middle East Hardware Security Modules Market Size and Forecast, By Industry Vertical
13.5 Middle East Hardware Security Modules Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Type
13.5.1.2 Market Size and Forecast, By Application
13.5.1.3 Market Size and Forecast, By Industry Vertical
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Type
13.5.2.2 Market Size and Forecast, By Application
13.5.2.3 Market Size and Forecast, By Industry Vertical
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Type
13.5.3.2 Market Size and Forecast, By Application
13.5.3.3 Market Size and Forecast, By Industry Vertical
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Type
13.5.4.2 Market Size and Forecast, By Application
13.5.4.3 Market Size and Forecast, By Industry Vertical
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Type
13.5.5.2 Market Size and Forecast, By Application
13.5.5.3 Market Size and Forecast, By Industry Vertical
13.5.6 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Type
13.5.6.2 Market Size and Forecast, By Application
13.5.6.3 Market Size and Forecast, By Industry Vertical
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Ultra Electronics
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Ultimaco GmbH
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 IBM Corporation
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Thales e-Security Inc
15.4.1 Overview
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Swift
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Spyrus Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Futurex
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Yubico
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 ATOS SE
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Ledger
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
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