Email
Print
Hardware Security Modules Market - Forecast(2024 - 2030)
Hardware Security Modules Market Overview
The global market for Hardware Security Modules (HSM) is poised
to reach $2.8 Billion by 2026, advancing at a CAGR of 11.9% during the forecast
period 2021-2026. Hardware Security Module is highly tamper-resistant device designed
to protect and secure cryptographic devices and secure cryptoprocessor chips.
It is also used to handle transparent database encryption key for data privacy.
To secure private and sensitive data from cyber attacks, hacking and data
breaches, the demand for hardware security module is increasing among all
industries, resulting in the growth of the market during the forecast period
2021-2026. Moreover growing adoption of cloud based Hardware Security Modules
in recent years accelerate the market growth.
Hardware Security Modules Market Report Coverage
The report based on: “Hardware Security Modules
Market Forecast (2021-2026)”, by IndustryARC, covers an
in-depth analysis of the following segments of the Hardware Security Modules Market.
By Type: USB HSM, LAN
HSM, PCIe HSM, Server HSM, Others.
By Deployment: On-Premise,
Cloud
By Application: Authentication,
Code and Document Signing, Database Encryption, Payment Processing, PKI or
Credential Management, Application Level Encryption, Others.
By End-User: Banking,Financial
Services and Insurance (BFSI), Government, Manufacturing,Healthcare, IT and
Telecommunication, Retail and E-commerce Others.
By Geography: North
America (USA, Canada and Mexico); Europe (U.K., Germany, Italy, France & Rest of Europe);
APAC (China, Japan, South Korea, India & Rest of APAC); South America (Brazil, Argentina & Rest of South America) RoW (Middle East
& Africa)
Key Takeaways
- The top 10 companies in the Hardware Security Module Market are Ultimaco GmbH, Futurex , IBM Corporation, Thales e-Security Inc, Ultra Electronics, Swift, Spyrus Inc, Yubico, ATOS SE and Ledger.
- Cloud segment held the highest market share, owing to growing adoption among SMEs.
- Banking and Financial Institution held the highest market share in 2020 and is estimated to witness a notable growth during the forecast period 2021-2026, due to rise in digital payment processing.
- North America held the highest market share in 2020 owing to the adoption of advanced payment method and high investment in them.
Global Hardware Security Module Market Value Share, 2020 (%)
For More Details on This Report - Request for Sample
Hardware Security Modules Market Segment Analysis - by Deployment
Based on Deployment, Hardware
Security Module Market is segmented into Cloud and On-Premise. Cloud segment held
the market share with a value of 15.9% and it is anticipated to witness the
significant market growth during the forecast period 2021-2026. By using Cloud
based HSM one can easily generate own encryption keys on the cloud. Cloud HSM
provides the flexibility to integrate with applications such as APIs, Java
Cryptographic Extension and so on. In January
2021, Futurex LP announced the launch of Industry’s first web API for payment
HSM. It is designed to integrate Payment application with Futurex enterprise
encryption and key management technology i.e. Futurex’s VirtuCrypt cloud
payment HSM.
Hardware Security Modules Market Segment Analysis - by End-User
BFSI held the highest market share
with a share of 28.2% in 2020 and it is anticipated to witness the significant
market growth during the forecast period 2021-2026. With the growing use of
online banking, mobile & e-wallet payment as well as 3-D secure payment,
the adoption of hardware security module increased significantly. In September 2019, Utimaco GmbH, a global provider of IT security solutions announced Atalla AT1000, a
PCI 3.0 (PCI PTS HSM v3.0)-compliant Hardware Security Module (HSM) to secure sensitive
data and associated keys for non-cash retail payment transactions as well as
for cryptographic keys.
Hardware Security Modules Market Segment Analysis - By Geography
North
America dominated the Hardware
Security Modules market in 2020 with a share in excess of 37.2%, owing to the early
adoption of advanced Security Modules as well as presence of key vendors across
the region. High investment along with stringent government regulation influences
growth of the market in this region. According to Statista, USA Government
announced a cybersecurity budget of 18.78 Billion US Dollar for the Financial
Year 2021. According to USA Federal Trade Commission 2019 data Privacy and Database
encryption Security update, FTC can enforce action to protect data and privacy
of the consumers against unfair or decisive practices further leading the
organization to adopt hardware security module to protect data privacy.
Hardware Security Modules Market Drivers
Rising Demand for Cyber Security Solutions
With the rise in incidents of data security theft, there is
surge in adoption rate of HSM across all industries. HSM helps in protecting user personal
information, digital transactions and organizations valuable digital assets
from exposure. In 2019, Yubico, the global provider of encryption hardware devices and
authentication for the modern web, announced the launch of YubiHSM 2, a brand
new cost-effective Hardware Security Module (HSM) for servers and IoT
gateways primarily designed to deliver the highest levels of security for storage
and management, cryptographic digital key generation along with supporting an
extensive range of enterprise environments and application.
Increase in Adoption of IOT and cloud
Increase in demand for information
and data security, resulting from the adoption of modern technologies such as
IOT and cloud computing, spurs the growth of the Hardware Security Module
Market. With IOT, the protection of authenticity, customer privacy as well as
data and communication become the key areas to focus. To secure these HSM is
the priority for all industries. In 2019 ATOS SE announced the launch of latest
HSM i.e. new Horus HSM, a highly performed security device, designed primarily
to secure IOT ecosystem by using cryptographic features.
Hardware Security Modules Market Challenges
High Cost of Implementation
Hardware Security Modules
secure data against insider and external threats by providing confidentiality
for encryption keys in a physically hardened device. Despite their security
benefits, HSM built with older technology are difficult to adopt as they are made up of propriety hardware which is costly.
Secondly, operating and maintenance cost of HSM exceeds device cost, thereby
decelerating the growth of the market.
Hardware Security Modules Market Landscape
Partnerships, Acquisitions, Collaboration,
and technology launches are key strategies adopted by players in the Hardware Security Modules Market .The top 10 companies in
the Hardware Security Module Market include Utimaco GmbH, FutureX, Thales
e-Security Inc, Ultra Electronics, Swift SCRL, Yubico, ATOS SE, Ledger, Hewlett
Packard Enterprise Development LP and International Business Machine
Corporation.
Acquisitions/Technology Launches
- In March 2021, FutureX, a global leader in hardened enterprise class data security solutions announced that its payment HSM are integrated with jPOS to drive jPOS based payment and expand their abilities.
- In December 2019, Thales e-Security Inc launched Safe Net Luna Network HSM version 7.4 with new features like functionalist module, utilization metrics and support for the ed25519ph curve variant.
Relevant Reports
Report Code: ESR
67455
Report
Code: ITR 0177
For more Electronics Market reports, please click here
1. Hardware Security Modules Market Overview
1.1 Definitions and Scope
2. Hardware Security Modules Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By End User Industry
2.3 Key trends segmented by Geography
3. Hardware Security Modules Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Hardware Security Modules Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Hardware Security Modules Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Hardware Security Modules Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Hardware Security Modules Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Hardware Security Modules Market – By End Use Industry (Market Size -$Million/Billion)
8.1 BFSI
8.2 Government
8.3 Manufacturing
8.4 Healthcare
8.5 IT and Telecom
8.6 Retail and E-Commerce
8.7 Others
9. Hardware Security Modules Market – By Application (Market Size -$Million/Billion)
9.1 Authentication
9.2 Code and Document Signing
9.3 Database Encryption
9.4 Payment Processing
9.5 PKI or Credential Management
9.6 Application Level Encryption
9.7 Others
10. Hardware Security Modules Market – By Deployment (Market Size -$Million/Billion)
10.1 On Premises
10.2 Cloud
11. Hardware Security Modules Market – By Type (Market Size -$Million/Billion)
11.1 USB HSM
11.2 LAN HSM
11.3 PCie HSM
11.4 Server HSM
11.5 Others
12. Hardware Security Modules Market - By Geography (Market Size -$Million/Billion)
12.1 North America
12.1.1 U.S
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 France
12.2.3 UK
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Netherlands
12.2.8 Others
12.3 APAC
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia
12.3.6 Indonesia
12.3.7 Malaysia
12.3.8 Others
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.5 Others
12.5 RoW
12.5.1 Middle East
12.5.2 Africa
13. Hardware Security Modules Market - Market Entropy
13.1 New product launches
13.2 M&A's, collaborations, JVs and partnerships
14. Hardware Security Modules Market – Industry Competitive Landscape (Premium)
14.1 Market Share – Global
14.2 Market Share by Region
14.3 Market Share By Deployment Type
15. Hardware Security Modules Market – Key Company List by Country Premium (Premium)
16. Hardware Security Modules Market - Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10
LIST OF TABLES
1.Global Hardware Security Modules Market By Type Market 2019-2024 ($M)1.1 LAN-Based HSM/Network-Attached HSM Market 2019-2024 ($M) - Global Industry Research
1.2 Pcie-Based/Embedded Plugins HSM Market 2019-2024 ($M) - Global Industry Research
1.3 USB-Based/Portable HSM Market 2019-2024 ($M) - Global Industry Research
2.Global Hardware Security Modules Market By Deployment Type Market 2019-2024 ($M)
2.1 On-Premise Market 2019-2024 ($M) - Global Industry Research
2.2 Cloud Market 2019-2024 ($M) - Global Industry Research
3.Global Hardware Security Modules Market By Industry Market 2019-2024 ($M)
3.1 Banking & Financial Services Market 2019-2024 ($M) - Global Industry Research
3.2 Government Market 2019-2024 ($M) - Global Industry Research
3.3 Technology & Communication Market 2019-2024 ($M) - Global Industry Research
3.4 Industrial & Manufacturing Market 2019-2024 ($M) - Global Industry Research
3.5 Energy & Utility Market 2019-2024 ($M) - Global Industry Research
3.6 Retail & Consumer Products Market 2019-2024 ($M) - Global Industry Research
3.7 Healthcare & Life Sciences Market 2019-2024 ($M) - Global Industry Research
4.Global Hardware Security Modules Market By Type Market 2019-2024 (Volume/Units)
4.1 LAN-Based HSM/Network-Attached HSM Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Pcie-Based/Embedded Plugins HSM Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 USB-Based/Portable HSM Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Hardware Security Modules Market By Deployment Type Market 2019-2024 (Volume/Units)
5.1 On-Premise Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Cloud Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Hardware Security Modules Market By Industry Market 2019-2024 (Volume/Units)
6.1 Banking & Financial Services Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Government Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Technology & Communication Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Industrial & Manufacturing Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Energy & Utility Market 2019-2024 (Volume/Units) - Global Industry Research
6.6 Retail & Consumer Products Market 2019-2024 (Volume/Units) - Global Industry Research
6.7 Healthcare & Life Sciences Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Hardware Security Modules Market By Type Market 2019-2024 ($M)
7.1 LAN-Based HSM/Network-Attached HSM Market 2019-2024 ($M) - Regional Industry Research
7.2 Pcie-Based/Embedded Plugins HSM Market 2019-2024 ($M) - Regional Industry Research
7.3 USB-Based/Portable HSM Market 2019-2024 ($M) - Regional Industry Research
8.North America Hardware Security Modules Market By Deployment Type Market 2019-2024 ($M)
8.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
8.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
9.North America Hardware Security Modules Market By Industry Market 2019-2024 ($M)
9.1 Banking & Financial Services Market 2019-2024 ($M) - Regional Industry Research
9.2 Government Market 2019-2024 ($M) - Regional Industry Research
9.3 Technology & Communication Market 2019-2024 ($M) - Regional Industry Research
9.4 Industrial & Manufacturing Market 2019-2024 ($M) - Regional Industry Research
9.5 Energy & Utility Market 2019-2024 ($M) - Regional Industry Research
9.6 Retail & Consumer Products Market 2019-2024 ($M) - Regional Industry Research
9.7 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
10.South America Hardware Security Modules Market By Type Market 2019-2024 ($M)
10.1 LAN-Based HSM/Network-Attached HSM Market 2019-2024 ($M) - Regional Industry Research
10.2 Pcie-Based/Embedded Plugins HSM Market 2019-2024 ($M) - Regional Industry Research
10.3 USB-Based/Portable HSM Market 2019-2024 ($M) - Regional Industry Research
11.South America Hardware Security Modules Market By Deployment Type Market 2019-2024 ($M)
11.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
11.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
12.South America Hardware Security Modules Market By Industry Market 2019-2024 ($M)
12.1 Banking & Financial Services Market 2019-2024 ($M) - Regional Industry Research
12.2 Government Market 2019-2024 ($M) - Regional Industry Research
12.3 Technology & Communication Market 2019-2024 ($M) - Regional Industry Research
12.4 Industrial & Manufacturing Market 2019-2024 ($M) - Regional Industry Research
12.5 Energy & Utility Market 2019-2024 ($M) - Regional Industry Research
12.6 Retail & Consumer Products Market 2019-2024 ($M) - Regional Industry Research
12.7 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
13.Europe Hardware Security Modules Market By Type Market 2019-2024 ($M)
13.1 LAN-Based HSM/Network-Attached HSM Market 2019-2024 ($M) - Regional Industry Research
13.2 Pcie-Based/Embedded Plugins HSM Market 2019-2024 ($M) - Regional Industry Research
13.3 USB-Based/Portable HSM Market 2019-2024 ($M) - Regional Industry Research
14.Europe Hardware Security Modules Market By Deployment Type Market 2019-2024 ($M)
14.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
14.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
15.Europe Hardware Security Modules Market By Industry Market 2019-2024 ($M)
15.1 Banking & Financial Services Market 2019-2024 ($M) - Regional Industry Research
15.2 Government Market 2019-2024 ($M) - Regional Industry Research
15.3 Technology & Communication Market 2019-2024 ($M) - Regional Industry Research
15.4 Industrial & Manufacturing Market 2019-2024 ($M) - Regional Industry Research
15.5 Energy & Utility Market 2019-2024 ($M) - Regional Industry Research
15.6 Retail & Consumer Products Market 2019-2024 ($M) - Regional Industry Research
15.7 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
16.APAC Hardware Security Modules Market By Type Market 2019-2024 ($M)
16.1 LAN-Based HSM/Network-Attached HSM Market 2019-2024 ($M) - Regional Industry Research
16.2 Pcie-Based/Embedded Plugins HSM Market 2019-2024 ($M) - Regional Industry Research
16.3 USB-Based/Portable HSM Market 2019-2024 ($M) - Regional Industry Research
17.APAC Hardware Security Modules Market By Deployment Type Market 2019-2024 ($M)
17.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
17.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
18.APAC Hardware Security Modules Market By Industry Market 2019-2024 ($M)
18.1 Banking & Financial Services Market 2019-2024 ($M) - Regional Industry Research
18.2 Government Market 2019-2024 ($M) - Regional Industry Research
18.3 Technology & Communication Market 2019-2024 ($M) - Regional Industry Research
18.4 Industrial & Manufacturing Market 2019-2024 ($M) - Regional Industry Research
18.5 Energy & Utility Market 2019-2024 ($M) - Regional Industry Research
18.6 Retail & Consumer Products Market 2019-2024 ($M) - Regional Industry Research
18.7 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
19.MENA Hardware Security Modules Market By Type Market 2019-2024 ($M)
19.1 LAN-Based HSM/Network-Attached HSM Market 2019-2024 ($M) - Regional Industry Research
19.2 Pcie-Based/Embedded Plugins HSM Market 2019-2024 ($M) - Regional Industry Research
19.3 USB-Based/Portable HSM Market 2019-2024 ($M) - Regional Industry Research
20.MENA Hardware Security Modules Market By Deployment Type Market 2019-2024 ($M)
20.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
20.2 Cloud Market 2019-2024 ($M) - Regional Industry Research
21.MENA Hardware Security Modules Market By Industry Market 2019-2024 ($M)
21.1 Banking & Financial Services Market 2019-2024 ($M) - Regional Industry Research
21.2 Government Market 2019-2024 ($M) - Regional Industry Research
21.3 Technology & Communication Market 2019-2024 ($M) - Regional Industry Research
21.4 Industrial & Manufacturing Market 2019-2024 ($M) - Regional Industry Research
21.5 Energy & Utility Market 2019-2024 ($M) - Regional Industry Research
21.6 Retail & Consumer Products Market 2019-2024 ($M) - Regional Industry Research
21.7 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Hardware Security Modules Market Revenue, 2019-2024 ($M)2.Canada Hardware Security Modules Market Revenue, 2019-2024 ($M)
3.Mexico Hardware Security Modules Market Revenue, 2019-2024 ($M)
4.Brazil Hardware Security Modules Market Revenue, 2019-2024 ($M)
5.Argentina Hardware Security Modules Market Revenue, 2019-2024 ($M)
6.Peru Hardware Security Modules Market Revenue, 2019-2024 ($M)
7.Colombia Hardware Security Modules Market Revenue, 2019-2024 ($M)
8.Chile Hardware Security Modules Market Revenue, 2019-2024 ($M)
9.Rest of South America Hardware Security Modules Market Revenue, 2019-2024 ($M)
10.UK Hardware Security Modules Market Revenue, 2019-2024 ($M)
11.Germany Hardware Security Modules Market Revenue, 2019-2024 ($M)
12.France Hardware Security Modules Market Revenue, 2019-2024 ($M)
13.Italy Hardware Security Modules Market Revenue, 2019-2024 ($M)
14.Spain Hardware Security Modules Market Revenue, 2019-2024 ($M)
15.Rest of Europe Hardware Security Modules Market Revenue, 2019-2024 ($M)
16.China Hardware Security Modules Market Revenue, 2019-2024 ($M)
17.India Hardware Security Modules Market Revenue, 2019-2024 ($M)
18.Japan Hardware Security Modules Market Revenue, 2019-2024 ($M)
19.South Korea Hardware Security Modules Market Revenue, 2019-2024 ($M)
20.South Africa Hardware Security Modules Market Revenue, 2019-2024 ($M)
21.North America Hardware Security Modules By Application
22.South America Hardware Security Modules By Application
23.Europe Hardware Security Modules By Application
24.APAC Hardware Security Modules By Application
25.MENA Hardware Security Modules By Application
26.Gemalto NV, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Thales E-Security Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Utimaco GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.International Business Machines Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Futurex, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Hewlett Packard Enterprise Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.ATOS SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Yubico, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Ultra Electronics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Swift, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Key Innovators, Sales /Revenue, 2015-2018 ($Mn/$Bn)