Global Hardware Security Modules Market 2024-2028
Hardware Security Modules Market 2024-2028
The hardware security modules market is forecasted to grow by USD 929.2 mn during 2023-2028, accelerating at a CAGR of 11.3% during the forecast period. The report on the hardware security modules market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising use of internet banking and digital payments, increasing requirement for effective management of cryptographic keys, and rise in use of security system and iot.
Technavio's hardware security modules market is segmented as below:
By Deployment
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the growing adoption of cloud-based hardware security modules as one of the prime reasons driving the hardware security modules market growth during the next few years. Also, increasing mergers and acquisitions, collaborations, and partnerships and increasing demand from aerospace and defense sector will lead to sizable demand in the market.
The report on the hardware security modules market covers the following areas:
- Hardware Security Modules Market sizing
- Hardware Security Modules Market forecast
- Hardware Security Modules Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hardware security modules market vendors that include Adweb Technologies Pvt. Ltd., ASSA ABLOY AB, Atos SE, Entrust Corp., Futurex, Hewlett Packard Enterprise Co., International Business Machines Corp., Infineon Technologies AG, Lattice Semiconductor Corp., Microchip Technology Inc., Realia Technologies SL, S.W.I.F.T. SC, Sansec Technology Co. Ltd, Securosys SA, SPYRUS, STMicroelectronics International N.V., Thales Group, Utimaco IS GmbH, and Yubico AB. Also, the hardware security modules market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.