Global Hardware Security Modules (HSM) Market Analysis and Forecast 2024-2030

Global Hardware Security Modules (HSM) Market Analysis and Forecast 2024-2030


A hardware security module (HSM) is a physical computing device that safeguards and manages digital keys for strong authentication and provides crypto processing. These modules traditionally come in the form of a plug-in card or an external device that attaches directly to a computer or network server.

Hardware Security Modules (HSM) are devices specifically built to create a tamper-resistant environment in which to perform cryptographic processes (e.g. encryption or digital signing) and to manage keys associated with those processes. HSMs often provide cryptographic acceleration that is measured in terms of operations. These devices are used to protect critical data processing activities associated with server based applications and can be used to strongly enforce security policies and access controls. These modules are physical devices that traditionally come in the form of a plug-in card or an external network connected appliance and are often validated against security standards such as FIPS.

This report focus on HSM markets (GP and Payment HSMs) including HSMaaS offering by hyperscalers and MS(S)Ps.

According to APO Research, The global Hardware Security Modules (HSM) market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

Global Hardware Security Modules (HSM) key players include Thales, Entrust Datacard, Utimaco, ATOS SE, Marvell Technology Group, etc. Global top five manufacturers hold a share about 46%. North America is the largest market, with a share about 32%, followed by Asia Pacific and Europe, both have a share over 47 percent. In terms of product, General Purpose HSMs is the largest segment, with a share over 70%. And in terms of application, the largest application is BFSI, followed by Government, etc.

Report Includes

This report presents an overview of global market for Hardware Security Modules (HSM), market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Hardware Security Modules (HSM), also provides the revenue of main regions and countries. Of the upcoming market potential for Hardware Security Modules (HSM), and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Hardware Security Modules (HSM) revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Hardware Security Modules (HSM) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Hardware Security Modules (HSM) revenue, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Thales, Entrust Datacard, Utimaco, ATOS SE, Marvell Technology Group, Westone Information Industry Inc, Ultra Electronics, Synopsys, Inc and Futurex, etc.

Hardware Security Modules (HSM) segment by Company

Thales
Entrust Datacard
Utimaco
ATOS SE
Marvell Technology Group
Westone Information Industry Inc
Ultra Electronics
Synopsys, Inc
Futurex
Keyou
Exceet Secure Solutions GmbH
Beijing Dean information technology
Securosys
Yubico
Sansec

Hardware Security Modules (HSM) segment by Type

General Purpose HSMs
Payment HSMs
HSMaaS

Hardware Security Modules (HSM) segment by Application

Industrial and Manufacturing
BFSI
Government
Others

Hardware Security Modules (HSM) segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Study Objectives

1. To analyze and research the global status and future forecast, involving growth rate (CAGR), market share, historical and forecast.
2. To present the key players, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Hardware Security Modules (HSM) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Hardware Security Modules (HSM) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in market size), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Hardware Security Modules (HSM).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Revenue of Hardware Security Modules (HSM) in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 4: Detailed analysis of Hardware Security Modules (HSM) company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Hardware Security Modules (HSM) revenue, gross margin, and recent development, etc.
Chapter 8: North America (US & Canada) by type, by application and by country, revenue for each segment.
Chapter 9: Europe by type, by application and by country, revenue for each segment.
Chapter 10: China type, by application, revenue for each segment.
Chapter 11: Asia (excluding China) type, by application and by region, revenue for each segment.
Chapter 12: Middle East, Africa, and Latin America type, by application and by country, revenue for each segment.
Chapter 13: The main concluding insights of the report.
Chapter 13: The main concluding insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Hardware Security Modules (HSM) Market by Type
1.2.1 Global Hardware Security Modules (HSM) Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 General Purpose HSMs
1.2.3 Payment HSMs
1.2.4 HSMaaS
1.3 Hardware Security Modules (HSM) Market by Application
1.3.1 Global Hardware Security Modules (HSM) Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Industrial and Manufacturing
1.3.3 BFSI
1.3.4 Government
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Goals and Objectives
2 Hardware Security Modules (HSM) Market Dynamics
2.1 Hardware Security Modules (HSM) Industry Trends
2.2 Hardware Security Modules (HSM) Industry Drivers
2.3 Hardware Security Modules (HSM) Industry Opportunities and Challenges
2.4 Hardware Security Modules (HSM) Industry Restraints
3 Global Growth Perspective
3.1 Global Hardware Security Modules (HSM) Market Perspective (2019-2030)
3.2 Global Hardware Security Modules (HSM) Growth Trends by Region
3.2.1 Global Hardware Security Modules (HSM) Market Size by Region: 2019 VS 2023 VS 2030
3.2.2 Global Hardware Security Modules (HSM) Market Size by Region (2019-2024)
3.2.3 Global Hardware Security Modules (HSM) Market Size by Region (2025-2030)
4 Competitive Landscape by Players
4.1 Global Hardware Security Modules (HSM) Revenue by Players
4.1.1 Global Hardware Security Modules (HSM) Revenue by Players (2019-2024)
4.1.2 Global Hardware Security Modules (HSM) Revenue Market Share by Players (2019-2024)
4.1.3 Global Hardware Security Modules (HSM) Players Revenue Share Top 10 and Top 5 in 2023
4.2 Global Hardware Security Modules (HSM) Key Players Ranking, 2022 VS 2023 VS 2024
4.3 Global Hardware Security Modules (HSM) Key Players Headquarters & Area Served
4.4 Global Hardware Security Modules (HSM) Players, Product Type & Application
4.5 Global Hardware Security Modules (HSM) Players Commercialization Time
4.6 Market Competitive Analysis
4.6.1 Global Hardware Security Modules (HSM) Market CR5 and HHI
4.6.2 Global Top 5 and 10 Hardware Security Modules (HSM) Players Market Share by Revenue in 2023
4.6.3 2023 Hardware Security Modules (HSM) Tier 1, Tier 2, and Tier 3
5 Hardware Security Modules (HSM) Market Size by Type
5.1 Global Hardware Security Modules (HSM) Revenue by Type (2019 VS 2023 VS 2030)
5.2 Global Hardware Security Modules (HSM) Revenue by Type (2019-2030)
5.3 Global Hardware Security Modules (HSM) Revenue Market Share by Type (2019-2030)
6 Hardware Security Modules (HSM) Market Size by Application
6.1 Global Hardware Security Modules (HSM) Revenue by Application (2019 VS 2023 VS 2030)
6.2 Global Hardware Security Modules (HSM) Revenue by Application (2019-2030)
6.3 Global Hardware Security Modules (HSM) Revenue Market Share by Application (2019-2030)
7 Company Profiles
7.1 Thales
7.1.1 Thales Comapny Information
7.1.2 Thales Business Overview
7.1.3 Thales Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.1.4 Thales Hardware Security Modules (HSM) Product Portfolio
7.1.5 Thales Recent Developments
7.2 Entrust Datacard
7.2.1 Entrust Datacard Comapny Information
7.2.2 Entrust Datacard Business Overview
7.2.3 Entrust Datacard Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.2.4 Entrust Datacard Hardware Security Modules (HSM) Product Portfolio
7.2.5 Entrust Datacard Recent Developments
7.3 Utimaco
7.3.1 Utimaco Comapny Information
7.3.2 Utimaco Business Overview
7.3.3 Utimaco Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.3.4 Utimaco Hardware Security Modules (HSM) Product Portfolio
7.3.5 Utimaco Recent Developments
7.4 ATOS SE
7.4.1 ATOS SE Comapny Information
7.4.2 ATOS SE Business Overview
7.4.3 ATOS SE Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.4.4 ATOS SE Hardware Security Modules (HSM) Product Portfolio
7.4.5 ATOS SE Recent Developments
7.5 Marvell Technology Group
7.5.1 Marvell Technology Group Comapny Information
7.5.2 Marvell Technology Group Business Overview
7.5.3 Marvell Technology Group Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.5.4 Marvell Technology Group Hardware Security Modules (HSM) Product Portfolio
7.5.5 Marvell Technology Group Recent Developments
7.6 Westone Information Industry Inc
7.6.1 Westone Information Industry Inc Comapny Information
7.6.2 Westone Information Industry Inc Business Overview
7.6.3 Westone Information Industry Inc Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.6.4 Westone Information Industry Inc Hardware Security Modules (HSM) Product Portfolio
7.6.5 Westone Information Industry Inc Recent Developments
7.7 Ultra Electronics
7.7.1 Ultra Electronics Comapny Information
7.7.2 Ultra Electronics Business Overview
7.7.3 Ultra Electronics Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.7.4 Ultra Electronics Hardware Security Modules (HSM) Product Portfolio
7.7.5 Ultra Electronics Recent Developments
7.8 Synopsys, Inc
7.8.1 Synopsys, Inc Comapny Information
7.8.2 Synopsys, Inc Business Overview
7.8.3 Synopsys, Inc Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.8.4 Synopsys, Inc Hardware Security Modules (HSM) Product Portfolio
7.8.5 Synopsys, Inc Recent Developments
7.9 Futurex
7.9.1 Futurex Comapny Information
7.9.2 Futurex Business Overview
7.9.3 Futurex Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.9.4 Futurex Hardware Security Modules (HSM) Product Portfolio
7.9.5 Futurex Recent Developments
7.10 Keyou
7.10.1 Keyou Comapny Information
7.10.2 Keyou Business Overview
7.10.3 Keyou Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.10.4 Keyou Hardware Security Modules (HSM) Product Portfolio
7.10.5 Keyou Recent Developments
7.11 Exceet Secure Solutions GmbH
7.11.1 Exceet Secure Solutions GmbH Comapny Information
7.11.2 Exceet Secure Solutions GmbH Business Overview
7.11.3 Exceet Secure Solutions GmbH Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.11.4 Exceet Secure Solutions GmbH Hardware Security Modules (HSM) Product Portfolio
7.11.5 Exceet Secure Solutions GmbH Recent Developments
7.12 Beijing Dean information technology
7.12.1 Beijing Dean information technology Comapny Information
7.12.2 Beijing Dean information technology Business Overview
7.12.3 Beijing Dean information technology Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.12.4 Beijing Dean information technology Hardware Security Modules (HSM) Product Portfolio
7.12.5 Beijing Dean information technology Recent Developments
7.13 Securosys
7.13.1 Securosys Comapny Information
7.13.2 Securosys Business Overview
7.13.3 Securosys Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.13.4 Securosys Hardware Security Modules (HSM) Product Portfolio
7.13.5 Securosys Recent Developments
7.14 Yubico
7.14.1 Yubico Comapny Information
7.14.2 Yubico Business Overview
7.14.3 Yubico Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.14.4 Yubico Hardware Security Modules (HSM) Product Portfolio
7.14.5 Yubico Recent Developments
7.15 Sansec
7.15.1 Sansec Comapny Information
7.15.2 Sansec Business Overview
7.15.3 Sansec Hardware Security Modules (HSM) Revenue and Gross Margin (2019-2024)
7.15.4 Sansec Hardware Security Modules (HSM) Product Portfolio
7.15.5 Sansec Recent Developments
8 North America
8.1 North America Hardware Security Modules (HSM) Revenue (2019-2030)
8.2 North America Hardware Security Modules (HSM) Revenue by Type (2019-2030)
8.2.1 North America Hardware Security Modules (HSM) Revenue by Type (2019-2024)
8.2.2 North America Hardware Security Modules (HSM) Revenue by Type (2025-2030)
8.3 North America Hardware Security Modules (HSM) Revenue Share by Type (2019-2030)
8.4 North America Hardware Security Modules (HSM) Revenue by Application (2019-2030)
8.4.1 North America Hardware Security Modules (HSM) Revenue by Application (2019-2024)
8.4.2 North America Hardware Security Modules (HSM) Revenue by Application (2025-2030)
8.5 North America Hardware Security Modules (HSM) Revenue Share by Application (2019-2030)
8.6 North America Hardware Security Modules (HSM) Revenue by Country
8.6.1 North America Hardware Security Modules (HSM) Revenue by Country (2019 VS 2023 VS 2030)
8.6.2 North America Hardware Security Modules (HSM) Revenue by Country (2019-2024)
8.6.3 North America Hardware Security Modules (HSM) Revenue by Country (2025-2030)
8.6.4 U.S.
8.6.5 Canada
9 Europe
9.1 Europe Hardware Security Modules (HSM) Revenue (2019-2030)
9.2 Europe Hardware Security Modules (HSM) Revenue by Type (2019-2030)
9.2.1 Europe Hardware Security Modules (HSM) Revenue by Type (2019-2024)
9.2.2 Europe Hardware Security Modules (HSM) Revenue by Type (2025-2030)
9.3 Europe Hardware Security Modules (HSM) Revenue Share by Type (2019-2030)
9.4 Europe Hardware Security Modules (HSM) Revenue by Application (2019-2030)
9.4.1 Europe Hardware Security Modules (HSM) Revenue by Application (2019-2024)
9.4.2 Europe Hardware Security Modules (HSM) Revenue by Application (2025-2030)
9.5 Europe Hardware Security Modules (HSM) Revenue Share by Application (2019-2030)
9.6 Europe Hardware Security Modules (HSM) Revenue by Country
9.6.1 Europe Hardware Security Modules (HSM) Revenue by Country (2019 VS 2023 VS 2030)
9.6.2 Europe Hardware Security Modules (HSM) Revenue by Country (2019-2024)
9.6.3 Europe Hardware Security Modules (HSM) Revenue by Country (2025-2030)
9.6.4 Germany
9.6.5 France
9.6.6 U.K.
9.6.7 Italy
9.6.8 Russia
10 China
10.1 China Hardware Security Modules (HSM) Revenue (2019-2030)
10.2 China Hardware Security Modules (HSM) Revenue by Type (2019-2030)
10.2.1 China Hardware Security Modules (HSM) Revenue by Type (2019-2024)
10.2.2 China Hardware Security Modules (HSM) Revenue by Type (2025-2030)
10.3 China Hardware Security Modules (HSM) Revenue Share by Type (2019-2030)
10.4 China Hardware Security Modules (HSM) Revenue by Application (2019-2030)
10.4.1 China Hardware Security Modules (HSM) Revenue by Application (2019-2024)
10.4.2 China Hardware Security Modules (HSM) Revenue by Application (2025-2030)
10.5 China Hardware Security Modules (HSM) Revenue Share by Application (2019-2030)
11 Asia (Excluding China)
11.1 Asia Hardware Security Modules (HSM) Revenue (2019-2030)
11.2 Asia Hardware Security Modules (HSM) Revenue by Type (2019-2030)
11.2.1 Asia Hardware Security Modules (HSM) Revenue by Type (2019-2024)
11.2.2 Asia Hardware Security Modules (HSM) Revenue by Type (2025-2030)
11.3 Asia Hardware Security Modules (HSM) Revenue Share by Type (2019-2030)
11.4 Asia Hardware Security Modules (HSM) Revenue by Application (2019-2030)
11.4.1 Asia Hardware Security Modules (HSM) Revenue by Application (2019-2024)
11.4.2 Asia Hardware Security Modules (HSM) Revenue by Application (2025-2030)
11.5 Asia Hardware Security Modules (HSM) Revenue Share by Application (2019-2030)
11.6 Asia Hardware Security Modules (HSM) Revenue by Country
11.6.1 Asia Hardware Security Modules (HSM) Revenue by Country (2019 VS 2023 VS 2030)
11.6.2 Asia Hardware Security Modules (HSM) Revenue by Country (2019-2024)
11.6.3 Asia Hardware Security Modules (HSM) Revenue by Country (2025-2030)
11.6.4 Japan
11.6.5 South Korea
11.6.6 India
11.6.7 Australia
11.6.8 China Taiwan
11.6.9 Southeast Asia
12 Middle East, Africa, Latin America
12.1 MEALA Hardware Security Modules (HSM) Revenue (2019-2030)
12.2 MEALA Hardware Security Modules (HSM) Revenue by Type (2019-2030)
12.2.1 MEALA Hardware Security Modules (HSM) Revenue by Type (2019-2024)
12.2.2 MEALA Hardware Security Modules (HSM) Revenue by Type (2025-2030)
12.3 MEALA Hardware Security Modules (HSM) Revenue Share by Type (2019-2030)
12.4 MEALA Hardware Security Modules (HSM) Revenue by Application (2019-2030)
12.4.1 MEALA Hardware Security Modules (HSM) Revenue by Application (2019-2024)
12.4.2 MEALA Hardware Security Modules (HSM) Revenue by Application (2025-2030)
12.5 MEALA Hardware Security Modules (HSM) Revenue Share by Application (2019-2030)
12.6 MEALA Hardware Security Modules (HSM) Revenue by Country
12.6.1 MEALA Hardware Security Modules (HSM) Revenue by Country (2019 VS 2023 VS 2030)
12.6.2 MEALA Hardware Security Modules (HSM) Revenue by Country (2019-2024)
12.6.3 MEALA Hardware Security Modules (HSM) Revenue by Country (2025-2030)
12.6.4 Mexico
12.6.5 Brazil
12.6.6 Israel
12.6.7 Argentina
12.6.8 Colombia
12.6.9 Turkey
12.6.10 Saudi Arabia
12.6.11 UAE
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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