Global Hardware Security Modules (HSM) Market Growth (Status and Outlook) 2023-2029

Global Hardware Security Modules (HSM) Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Hardware Security Modules (HSM) Industry Forecast” looks at past sales and reviews total world Hardware Security Modules (HSM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Hardware Security Modules (HSM) sales for 2023 through 2029. With Hardware Security Modules (HSM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hardware Security Modules (HSM) industry.

This Insight Report provides a comprehensive analysis of the global Hardware Security Modules (HSM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hardware Security Modules (HSM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hardware Security Modules (HSM) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hardware Security Modules (HSM) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hardware Security Modules (HSM).

The global Hardware Security Modules (HSM) market size is projected to grow from US$ 1065.3 million in 2022 to US$ 2196.8 million in 2029; it is expected to grow at a CAGR of 10.9% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Hardware Security Modules (HSM) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
General Purpose HSMs
Payment HSMs
HSMaaS

Segmentation by application
Industrial and Manufacturing
BFSI
Government
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.