Europe Takes Lead in Hardware Security Modules Market, Says MarketsandMarkets in Its New Report Recently Added at MarketPublishers.com06 Apr 2017 • by Natalie Aster
LONDON – Propelled by escalating number of cyberattacks and data breaches, effective management of cryptographic keys and mandates for manufacturers of HSM to comply with external and internal privacy and data security regulations, the world’s market for hardware security modules is poised to keep to a growing trend through 2022, registering a 12.87% CAGR. By the end of the forecast period the market value will likely cross the USD 1.1 billion mark.
However, certain factors could hamper the market growth, for instance, various costs associated with hardware security modules.
The USB-based/portable HSM segment is predicted to exhibit the highest growth rates during 2017-2022 if compared to other market segments.
Europe is the top regional market for hardware security modules worldwide, this region is anticipated to hold the leading position in the years ahead. Meanwhile, the Latin American market is expected to see the highest CAGR through 2022.
New report “Hardware Security Modules Market by Type, Application, Industry, and Geography - Global Forecast to 2022” worked out by MarketsandMarkets highlights the historical development, current scenario and future outlook of the hardware security modules market at different geographical levels.
This research study explores the market dynamics with valuable details on the major market growth influencing factors, examines the top trends as well as points out lucrative emerging opportunities and major market growth challenges. It delves into the competitive landscape, profiles leading players, touches upon the key regulative norms and also gives access to future projections for the hardware security modules market up till 2022.
Follow to the MarketsandMarkets catalogue to find many other research studies by the publisher.