Middle East & Africa Hardware Security Module Market Forecast to 2031 - Regional Analysis - by Type (LAN Based, PCIe Based, and USB Based), Application (Payment Processing, Secure Socket Layer, Authentication, Code and Document Signing, Database Encryptio

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from $3,550	110 Pages	The Insight Partners	October, 2024	TIP19411912

Best Price Guarantee
Price	from $3,550
Length	110 Pages
Publisher	The Insight Partners
Published Date	October, 2024
SKU	TIP19411912

Middle East & Africa Hardware Security Module Market Forecast to 2031 - Regional Analysis - by Type (LAN Based, PCIe Based, and USB Based), Application (Payment Processing, Secure Socket Layer, Authentication, Code and Document Signing, Database Encryption, Credential Management, and Application-Level Encryption), and Industry (BFSI, Government, IT and Telecom, Healthcare, Manufacturing, Retail and Consumer Goods, and Others)

The Middle East & Africa hardware security module market was valued at US$ 127.74 million in 2023 and is projected to reach US$ 317.08 million by 2031; it is estimated to register a CAGR of 12.0% from 2023 to 2031.

Rising Adoption of 5G Network Bolsters Middle East & Africa Hardware Security Module Market

The 5G network is increasingly faster than the 4G network, making real-time data acquisition easier. According to the Groupe Speciale Mobile Association (GSMA), 5G penetration across the globe is expected to grow from 17% in 2022 to 54% by 2030. The 5G network offers strong connectivity and high-speed data transfer. As 5G network technology enables innovation and supports digital transformation, its demand is increasing worldwide. Hence, governments of several countries across the globe are investing in 5G infrastructure.. Thus, the rising adoption of 5G networks for critical infrastructure has surged the need for more secure solutions, which is expected to bring new hardware security module market trends in the coming years.

Middle East & Africa Hardware Security Module Market Overview

The Middle East & Africa hardware security module market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East and Africa. Modern hardware security modules found applications beyond traditional cryptography. These comprise securing more progressive applications such as blockchain, protected storage for complex data in cloud computing environments, and 5G cellular communications. According to GSMA, countries such as Bahrain, Kuwait, Oman, Saudi Arabia, Qatar, and the UAE are the 5G pioneers, deploying several of the world's first 5G networks. Countries such as Algeria, Egypt, Jordan, Lebanon, Morocco, Tunisia, and Turkey have started to identify suitable 5G spectrum to launch services by 2023. Further, the operators in Algeria, Egypt, Morocco, and Turkey have been undertaking testing and trials of 5G.

As per the GSMA report on Mobile Economy Middle East & North Africa 2022, the adoption rate of 5G in the Middle East & Africa is projected to grow to 17% by 2025. The 5G connections in the MEA are projected to reach 41 million by 2025 (49% of total connections). Moreover, countries such as Israel, Iran, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE launched commercial 5G services at the end of March 2022. Libya, Tunisia, and Turkey operators have publicly announced plans to launch commercial 5G services in the coming years. Additionally, 5G coverage is ramping up. Bahrain and Kuwait became two of the first countries to record nationwide 5G coverage, while the UAE reached 90% 5G population coverage at the end of 2021. In Saudi Arabia, 60 of the 136 governates were covered by 5G services as of mid-2021. Thus, the increasing adoption of the 5G network is expected to drive the hardware security module market during the forecast period.

Middle East & Africa Hardware Security Module Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Hardware Security Module Market Segmentation

The Middle East & Africa hardware security module market is categorized into type, application, industry, and country.

Based on type, the Middle East & Africa hardware security module market is segmented into LAN based, PCLe based, and USB based. The LAN based segment held the largest market share in 2023.

In terms of application, the Middle East & Africa hardware security module market is categorized into payment processing, secure socket layer, authentication, code and document signing, database encryption, credential management, and application-level encryption. The payment processing segment held the largest market share in 2023.

By industry, the Middle East & Africa hardware security module market is segmented into BFSI, government, IT and telecom, healthcare, manufacturing, retail and consumer goods, and others. The BFSI segment held the largest market share in 2023.

By country, the Middle East & Africa hardware security module market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa hardware security module market share in 2023.

Thales SA, STMicroelectronics NV, Atos SE, International Business Machines Corp, Swift SC, Infineon Technologies AG, Hewlett Packard Enterprise Development LP, Utimaco Management Services GmbH, and Marvell Technology Inc are some of the leading companies operating in the Middle East & Africa hardware security module market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa hardware security module market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa hardware security module market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa hardware security module market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

1. Introduction: 1.1 The Insight Partners Research Report Guidance; 1.2 Market Segmentation
2. Executive Summary: 2.1 Key Insights; 2.2 Market Attractiveness
3. Research Methodology: 3.1 Secondary Research; 3.2 Primary Research; 3.2.1 Hypothesis formulation:; 3.2.2 Macro-economic factor analysis:; 3.2.3 Developing base number:; 3.2.4 Data Triangulation:; 3.2.5 Country level data:
4. Middle East & Africa Hardware Security Module Market Landscape: 4.1 Overview; 4.2 Ecosystem Analysis; 4.2.1 List of Vendors in the Value Chain
5. Middle East & Africa Hardware Security Module Market - Key Market Dynamics: 5.1 Market Drivers; 5.1.1 Rising Cases of Data Breach; 5.1.2 Growing Adoption of HSM for Retail Payment Transactions; 5.2 Market Restraints; 5.2.1 High Installation Cost of Hardware Security Module and Other Associated Issues; 5.3 Market Opportunities; 5.3.1 Growing Adoption of Cloud-based HSMs; 5.4 Future Trends; 5.4.1 Rising Adoption of 5G Network; 5.5 Impact of Drivers and Restraints:
6. Hardware Security Module Market - Middle East & Africa Analysis: 6.1 Hardware Security Module Market Revenue (US$ Million), 2021-2031; 6.2 Hardware Security Module Market Forecast Analysis
7. Middle East & Africa Hardware Security Module Market Analysis - by Type: 7.1 LAN based; 7.1.1 Overview; 7.1.2 LAN based: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 7.2 PCIe based; 7.2.1 Overview; 7.2.2 PCIe based: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 7.3 USB Based; 7.3.1 Overview; 7.3.2 USB Based: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million)
8. Middle East & Africa Hardware Security Module Market Analysis - by Application: 8.1 Payment Processing; 8.1.1 Overview; 8.1.2 Payment Processing: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 8.2 Secure Socket Layer; 8.2.1 Overview; 8.2.2 Secure Socket Layer: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 8.3 Authentication; 8.3.1 Overview; 8.3.2 Authentication: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 8.4 Code and Document Signing; 8.4.1 Overview; 8.4.2 Code and Document Signing: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 8.5 Database Encryption; 8.5.1 Overview; 8.5.2 Database Encryption: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 8.6 Credential Management; 8.6.1 Overview; 8.6.2 Credential Management: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 8.7 Application-Level Encryption; 8.7.1 Overview; 8.7.2 Application-Level Encryption: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million)
9. Middle East & Africa Hardware Security Module Market Analysis - by Industry: 9.1 BFSI; 9.1.1 Overview; 9.1.2 BFSI: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 9.2 Government; 9.2.1 Overview; 9.2.2 Government: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 9.3 IT and Telecom; 9.3.1 Overview; 9.3.2 IT and Telecom: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 9.4 Healthcare; 9.4.1 Overview; 9.4.2 Healthcare: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 9.5 Manufacturing; 9.5.1 Overview; 9.5.2 Manufacturing: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 9.6 Retail and Consumer Goods; 9.6.1 Overview; 9.6.2 Retail and Consumer Goods: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 9.7 Others; 9.7.1 Overview; 9.7.2 Others: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million)
10. Middle East & Africa Hardware Security Module Market - Country Analysis: 10.1 Middle East & Africa Market Overview; 10.1.1 Middle East and Africa: Hardware Security Module Market - Revenue and Forecast Analysis - by Country; 10.1.1.1 Middle East and Africa: Hardware Security Module Market - Revenue and Forecast Analysis - by Country; 10.1.1.2 South Africa: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 10.1.1.2.1 South Africa: Hardware Security Module Market Breakdown, by Type; 10.1.1.2.2 South Africa: Hardware Security Module Market Breakdown, by Application; 10.1.1.2.3 South Africa: Hardware Security Module Market Breakdown, by Industry; 10.1.1.3 Saudi Arabia: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 10.1.1.3.1 Saudi Arabia: Hardware Security Module Market Breakdown, by Type; 10.1.1.3.2 Saudi Arabia: Hardware Security Module Market Breakdown, by Application; 10.1.1.3.3 Saudi Arabia: Hardware Security Module Market Breakdown, by Industry; 10.1.1.4 United Arab Emirates: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 10.1.1.4.1 United Arab Emirates: Hardware Security Module Market Breakdown, by Type; 10.1.1.4.2 United Arab Emirates: Hardware Security Module Market Breakdown, by Application; 10.1.1.4.3 United Arab Emirates: Hardware Security Module Market Breakdown, by Industry; 10.1.1.5 Rest of Middle East and Africa: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); 10.1.1.5.1 Rest of Middle East and Africa: Hardware Security Module Market Breakdown, by Type; 10.1.1.5.2 Rest of Middle East and Africa: Hardware Security Module Market Breakdown, by Application; 10.1.1.5.3 Rest of Middle East and Africa: Hardware Security Module Market Breakdown, by Industry
11. Competitive Landscape: 11.1 Heat Map Analysis by Key Players; 11.2 Company Positioning & Concentration
12. Industry Landscape: 12.1 Overview; 12.2 Market Initiative; 12.3 Product Development
13. Company Profiles: 13.1 Thales SA; 13.1.1 Key Facts; 13.1.2 Business Description; 13.1.3 Products and Services; 13.1.4 Financial Overview; 13.1.5 SWOT Analysis; 13.1.6 Key Developments; 13.2 STMicroelectronics NV; 13.2.1 Key Facts; 13.2.2 Business Description; 13.2.3 Products and Services; 13.2.4 Financial Overview; 13.2.5 SWOT Analysis; 13.2.6 Key Developments; 13.3 Atos SE; 13.3.1 Key Facts; 13.3.2 Business Description; 13.3.3 Products and Services; 13.3.4 Financial Overview; 13.3.5 SWOT Analysis; 13.3.6 Key Developments; 13.4 International Business Machines Corp; 13.4.1 Key Facts; 13.4.2 Business Description; 13.4.3 Products and Services; 13.4.4 Financial Overview; 13.4.5 SWOT Analysis; 13.4.6 Key Developments; 13.5 Swift SC; 13.5.1 Key Facts; 13.5.2 Business Description; 13.5.3 Products and Services; 13.5.4 Financial Overview; 13.5.5 SWOT Analysis; 13.5.6 Key Developments; 13.6 Infineon Technologies AG; 13.6.1 Key Facts; 13.6.2 Business Description; 13.6.3 Products and Services; 13.6.4 Financial Overview; 13.6.5 SWOT Analysis; 13.6.6 Key Developments; 13.7 Hewlett Packard Enterprise Development LP; 13.7.1 Key Facts; 13.7.2 Business Description; 13.7.3 Products and Services; 13.7.4 Financial Overview; 13.7.5 SWOT Analysis; 13.7.6 Key Developments; 13.8 Utimaco Management Services GmbH; 13.8.1 Key Facts; 13.8.2 Business Description; 13.8.3 Products and Services; 13.8.4 Financial Overview; 13.8.5 SWOT Analysis; 13.8.6 Key Developments; 13.9 Marvell Technology Inc; 13.9.1 Key Facts; 13.9.2 Business Description; 13.9.3 Products and Services; 13.9.4 Financial Overview; 13.9.5 SWOT Analysis; 13.9.6 Key Developments
14. Appendix: 14.1 About The Insight Partners
LIST OF TABLES: Table 1. Middle East & Africa Hardware Security Module Market Segmentation; Table 2. List of Vendors; Table 3. Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Table 4. Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million) - by Type; Table 5. Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million) - by Application; Table 6. Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million) - by Industry; Table 7. Middle East and Africa: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Country; Table 8. South Africa: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Type; Table 9. South Africa: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Application; Table 10. South Africa: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Industry; Table 11. Saudi Arabia: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Type; Table 12. Saudi Arabia: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Application; Table 13. Saudi Arabia: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Industry; Table 14. United Arab Emirates: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Type; Table 15. United Arab Emirates: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Application; Table 16. United Arab Emirates: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Industry; Table 17. Rest of Middle East and Africa: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Type; Table 18. Rest of Middle East and Africa: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Application; Table 19. Rest of Middle East and Africa: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million) - by Industry; Table 20. Heat Map Analysis by Key Players
LIST OF FIGURES: Figure 1. Middle East & Africa Hardware Security Module Market Segmentation, by Country; Figure 2. Ecosystem Analysis; Figure 3. Hardware Security Module Market - Key Market Dynamics; Figure 4. Impact Analysis of Drivers and Restraints; Figure 5. Hardware Security Module Market Revenue (US$ Million), 2021-2031; Figure 6. Hardware Security Module Market Share (%) - by Type (2023 and 2031); Figure 7. LAN based: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 8. PCIe based: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 9. USB Based: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 10. Hardware Security Module Market Share (%) - by Application (2023 and 2031); Figure 11. Payment Processing: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 12. Secure Socket Layer: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 13. Authentication: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 14. Code and Document Signing: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 15. Database Encryption: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 16. Credential Management: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 17. Application-Level Encryption: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 18. Hardware Security Module Market Share (%) - by Industry (2023 and 2031); Figure 19. BFSI: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 20. Government: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 21. IT and Telecom: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 22. Healthcare: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 23. Manufacturing: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 24. Retail and Consumer Goods: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 25. Others: Hardware Security Module Market - Revenue and Forecast to 2031 (US$ Million); Figure 26. Middle East & Africa Hardware Security Module Market, by Key Countries - Revenue (2023) (US$ Million); Figure 27. Middle East and Africa: Hardware Security Module Market Breakdown, by Key Countries, 2023 and 2031 (%); Figure 28. South Africa: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million); Figure 29. Saudi Arabia: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million); Figure 30. United Arab Emirates: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million); Figure 31. Rest of Middle East and Africa: Hardware Security Module Market - Revenue and Forecast to 2031(US$ Million); Figure 32. Company Positioning & Concentration