North America Hardware Security Modules Market Size, Share & Industry Trends Analysis Report By Deployment Type (Cloud and On-premise), By Application, By Type, By Vertical, By Country and Growth Forecast, 2022 - 2028

North America Hardware Security Modules Market Size, Share & Industry Trends Analysis Report By Deployment Type (Cloud and On-premise), By Application, By Type, By Vertical, By Country and Growth Forecast, 2022 - 2028

The North America Hardware Security Modules Market would witness market growth of 12.1% CAGR during the forecast period (2022-2028).

HSMs may have tamper evidence, such as visual indicators of tampering or logging and alerting, tamper resistance, which makes tampering challenging without keeping the HSM inoperable or tamper responsiveness, such as deleting keys upon tamper detection. Each module comprises one or even more secure cryptoprocessor chips in order to prevent tampering and bus probing, or a combination of secure cryptoprocessor chips in a module secured by tamper resistant, tamper evident or tamper responsive packaging.

The vast majority of current HSMs are primarily designed to manage secret keys. Numerous HSM systems have backup mechanisms for the keys they manage outside of the HSM. Keys may be backed up in an encrypted format and saved on a computer disk as well as other media, or externally utilizing a secure portable device, such as a smartcard or other security token.

HSMs are often designed to support common high availability models, such as clustering, automatic failover, or redundant field-replaceable components, as they are utilized for real-time authorization and authentication within critical infrastructure. A number of the available HSMs are capable of executing custom-built modules inside the safe enclosure of the HSM. Such a capability is essential, for instance, for executing specialized algorithms or business logic in a safe and regulated environment.

In a range of regional countries, the volume of connected devices is growing. In addition, regional governments are intensifying their efforts to integrate their economies. The Connected Federal Act (H.R.2331), which mandates mobile-friendliness for recently developed and updated government agency websites, was signed into law on January 10, 2018, according to the United States government. The new law codifies OMB Memorandum M-17-06, Guidelines for Federal Agency Public Websites and Digital Services. This was an important step in the United States' path toward a more digital and networked economy. Due to an increasing number of connected devices throughout the region, the requirement for HSMs is rising and this factor is augmenting the growth of the regional market.

The US market dominated the North America Hardware Security Modules Market by Country in 2021; thereby, achieving a market value of $481.6 million by 2028. The Canada market is experiencing a CAGR of 14.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 13.7% during (2022 - 2028).

Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Application, the market is segmented into Payment Processing, Authentication, Database Encryption, Code & Document Signing, Application-level encryption, PKI & Credential Management, and Security Sockets Layer (SSL) & Transport Security Layer (TSL). Based on Type, the market is segmented into LAN Based/ Network Attached, PCI-Based/ Embedded Pluggins, and USB Based/ Portable & Smart Cards. Based on Vertical, the market is segmented into BFSI, Public Sector/ Government, Aerospace & Defense, and Medical & Life Sciences. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Amazon.com, Inc., IBM Corporation, Microchip Technology, Inc., Thales Group S.A., Atos Group, Futurex LP, STMicroelectronics N.V., Lattice Semiconductor Corporation and Infineon Technologies AG

Scope of the Study

Market Segments covered in the Report:

By Deployment Type

  • Cloud
  • On-premise
By Application
  • Payment Processing
  • Authentication
  • Database Encryption
  • Code & Document Signing
  • Application-level encryption
  • PKI & Credential Management
  • Security Sockets Layer (SSL) & Transport Security Layer (TSL)
By Type
  • LAN Based/ Network Attached
  • PCI-Based/ Embedded Pluggins
  • USB Based/ Portable & Smart Cards
By Vertical
  • BFSI
  • Public Sector/ Government
  • Aerospace & Defense
  • Medical & Life Sciences
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Microsoft Corporation
  • Amazon.com, Inc.
  • IBM Corporation
  • Microchip Technology, Inc.
  • Thales Group S.A.
  • Atos Group
  • Futurex LP
  • STMicroelectronics N.V.
  • Lattice Semiconductor Corporation
  • Infineon Technologies AG
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Hardware Security Modules Market, by Deployment Type
1.4.2 North America Hardware Security Modules Market, by Application
1.4.3 North America Hardware Security Modules Market, by Type
1.4.4 North America Hardware Security Modules Market, by Vertical
1.4.5 North America Hardware Security Modules Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
3.2 Strategies deployed in Hardware Security Modules Market
Chapter 4. North America Hardware Security Modules Market by Deployment Type
4.1 North America Cloud Market by Country
4.2 North America On-premise Market by Country
Chapter 5. North America Hardware Security Modules Market by Application
5.1 North America Payment Processing Market by Country
5.2 North America Authentication Market by Country
5.3 North America Database Encryption Market by Country
5.4 North America Code & Document Signing Market by Country
5.5 North America Application-level encryption Market by Country
5.6 North America PKI & Credential Management Market by Country
5.7 North America Security Sockets Layer (SSL) & Transport Security Layer (TSL) Market by Country
Chapter 6. North America Hardware Security Modules Market by Type
6.1 North America LAN Based/ Network Attached Market by Country
6.2 North America PCI-Based/ Embedded Pluggins Market by Country
6.3 North America USB Based/ Portable & Smart Cards Market by Country
Chapter 7. North America Hardware Security Modules Market by Vertical
7.1 North America BFSI Market by Country
7.2 North America Public Sector/ Government Market by Country
7.3 North America Aerospace & Defense Market by Country
7.4 North America Medical & Life Sciences Market by Country
7.5 North America Consumer Goods & Retail Market by Country
7.6 North America Industrial Manufacturing Market by Country
7.7 North America Power & Energy Market by Country
7.8 North America IT & Telecommunications Market by Country
7.9 North America Transportation Market by Country
Chapter 8. North America Hardware Security Modules Market by Country
8.1 US Hardware Security Modules Market
8.1.1 US Hardware Security Modules Market by Deployment Type
8.1.2 US Hardware Security Modules Market by Application
8.1.3 US Hardware Security Modules Market by Type
8.1.4 US Hardware Security Modules Market by Vertical
8.2 Canada Hardware Security Modules Market
8.2.1 Canada Hardware Security Modules Market by Deployment Type
8.2.2 Canada Hardware Security Modules Market by Application
8.2.3 Canada Hardware Security Modules Market by Type
8.2.4 Canada Hardware Security Modules Market by Vertical
8.3 Mexico Hardware Security Modules Market
8.3.1 Mexico Hardware Security Modules Market by Deployment Type
8.3.2 Mexico Hardware Security Modules Market by Application
8.3.3 Mexico Hardware Security Modules Market by Type
8.3.4 Mexico Hardware Security Modules Market by Vertical
8.4 Rest of North America Hardware Security Modules Market
8.4.1 Rest of North America Hardware Security Modules Market by Deployment Type
8.4.2 Rest of North America Hardware Security Modules Market by Application
8.4.3 Rest of North America Hardware Security Modules Market by Type
8.4.4 Rest of North America Hardware Security Modules Market by Vertical
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Amazon.com, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 SWOT Analysis
9.3 IBM Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Atos Group
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Product Launches and Product Expansions:
9.4.5 SWOT Analysis
9.5 STMicroelectronics N.V.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Infineon Technologies AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Microchip Technology, Inc.
9.7.1 Company overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.8 Thales Group S.A.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research and Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Acquisition and Mergers:
9.9 Lattice Semiconductor Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.10. Futurex LP
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings