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Global Hardware Security Modules Market Size study & Forecast, by Product Type (Smart Cards, LAN based/ Network Attached, PCI-Based/ Embedded Plugins, USB-Based/ Portable) by Deployment Mode (On-premise, Cloud), by Application (Payment Processing Code and Document Signing, Security Sockets Layer (SSL) and Transport Security Layer (TSL), Authentication, Application-Level Encryption, Others), by Industry Vertical (BFSI, IT and Telecommunication, Government, Consumer Goods and Retail, Transportation, Aerospace, Others) and Regional Analysis, 2023-2030

February 2024 | 200 pages | ID: GCF99C36EF03EN
Bizwit Research & Consulting LLP

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Global Hardware Security Modules Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Hardware Security Module is a specialized hardware device designed to provide a secure and isolated environment for the generation, storage, and management of cryptographic keys and sensitive data. HSMs play a crucial role in enhancing the security of digital transactions, communications and various cryptographic operations. The key factors driving the market growth are increase in data breaches and cyberattacks, growing adoption of cloud services, and increase in strict data security compliances which are anticipated to support the market during forecast period 2023-2030.

Additionally, the growing frequency and sophistication of cyber threats have heightened awareness about the importance of securing sensitive data and cryptographic keys. HSMs provide a hardware-based security solution that helps organizations protect against data breaches, unauthorized access, and other cyber threats. According to Statista, in 2022, the manufacturing sector experienced the highest proportion of cyberattacks among the prominent global industries. Throughout that year, manufacturing companies faced almost 25% of the total cyber incidents. Following closely were finance and insurance entities, accounting for approximately 19% of these incidents. The third-highest share was attributed to professional, business, and consumer services, representing 14.6% of reported cyberattacks. As a result, the rising cyber threats is anticipated to support the market growth. Moreover, increasing deployment of connected devices and Internet of Things (IoT) technology and growing proliferation of 5G networks is anticipated to create lucrative opportunities for the market growth. However, the high price related to hardware security modules stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hardware Security Modules Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growing cybersecurity concerns, increased adoption of cloud services and supportive government initiatives for cybersecurity. Whereas, Asia Pacific region is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the increasing cybersecurity threats, growing emphasis on data protection, rise in digital transformation, increasing adoption of cloud services, and rapid expansion of E-commerce.

Major market player included in this report are:

Gemalto NV (Netherlands)

Thales eSecurity (France)

Ultimaco GmbH (Germany)

International Business Machines (IBM) Corporation (U.S.)

Futurex LP (U.S.)

Hewlett Packard Enterprise Development LP (U.S.)

Atos SE (France)

Yubico (U.S.)

Ultra Electronics (U.K.)

Securosys SA (Switzerland)

Recent Developments in the Market:
  • In May 2022, Marvell has introduced the LiquidSecurity 2 module adapter, designed to empower cloud environments with enhanced capabilities for encryption, key management, authentication, and various Hardware Security Module (HSM) services. This advanced HSM service promises a notable boost, offering a threefold increase in transaction processing speed and a tenfold expansion in key storage capacity, ultimately leading to reduced ownership costs.
Global Hardware Security Modules Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Product Type, Deployment Mode, Application, Industry Vertical, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

Smart Cards

LAN based/ Network Attached

PCI-Based/ Embedded Plugins

USB-Based/ Portable

By Deployment Mode:

On-premise

Cloud

By Application:

Payment Processing

Code and Document Signing

Security Sockets Layer (SSL) and Transport Security Layer (TSL)

Authentication

Application-Level Encryption

Others

By Industry Vertical:

BFSI

IT and Telecommunication

Government

Consumer Goods and Retail

Transportation

Aerospace

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Hardware Security Modules Market, by region, 2020-2030 (USD Billion)
  1.2.2. Hardware Security Modules Market, by Product Type, 2020-2030 (USD Billion)
  1.2.3. Hardware Security Modules Market, by Deployment Mode, 2020-2030 (USD Billion)
  1.2.4. Hardware Security Modules Market, by Application, 2020-2030 (USD Billion)
  1.2.5. Hardware Security Modules Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL HARDWARE SECURITY MODULES MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL HARDWARE SECURITY MODULES MARKET DYNAMICS

3.1. Hardware Security Modules Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increase in the data breaches and cyberattacks
    3.1.1.2. Growing adoption of cloud services
    3.1.1.3. Increase in strict data security compliances
  3.1.2. Market Challenges
    3.1.2.1. High price related to hardware security modules
  3.1.3. Market Opportunities
    3.1.3.1. Increasing deployment of connected devices and Internet of Things (IoT) technology
    3.1.3.2. Growing proliferation of 5G networks

CHAPTER 4. GLOBAL HARDWARE SECURITY MODULES MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL HARDWARE SECURITY MODULES MARKET, BY PRODUCT TYPE

5.1. Market Snapshot
5.2. Global Hardware Security Modules Market by Product Type, Performance - Potential Analysis
5.3. Global Hardware Security Modules Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Hardware Security Modules Market, Sub Segment Analysis
  5.4.1. Smart Cards
  5.4.2. LAN based/ Network Attached
  5.4.3. PCI-Based/ Embedded Plugins
  5.4.4. USB-Based/ Portable

CHAPTER 6. GLOBAL HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT MODE

6.1. Market Snapshot
6.2. Global Hardware Security Modules Market by Deployment Mode, Performance - Potential Analysis
6.3. Global Hardware Security Modules Market Estimates & Forecasts by Deployment Mode 2020-2030 (USD Billion)
6.4. Hardware Security Modules Market, Sub Segment Analysis
  6.4.1. On-premise
  6.4.2. Cloud

CHAPTER 7. GLOBAL HARDWARE SECURITY MODULES MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Hardware Security Modules Market by Application, Performance - Potential Analysis
7.3. Global Hardware Security Modules Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Hardware Security Modules Market, Sub Segment Analysis
  7.4.1. Payment Processing
  7.4.2. Code and Document Signing
  7.4.3. Security Sockets Layer (SSL) and Transport Security Layer (TSL)
  7.4.4. Authentication
  7.4.5. Application-Level Encryption
  7.4.6. Others

CHAPTER 8. GLOBAL HARDWARE SECURITY MODULES MARKET, BY INDUSTRY VERTICAL

8.1. Market Snapshot
8.2. Global Hardware Security Modules Market by Industry Vertical, Performance - Potential Analysis
8.3. Global Hardware Security Modules Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
8.4. Hardware Security Modules Market, Sub Segment Analysis
  8.4.1. BFSI
  8.4.2. IT and Telecommunication
  8.4.3. Government
  8.4.4. Consumer Goods and Retail
  8.4.5. Transportation
  8.4.6. Aerospace
  8.4.7. Others

CHAPTER 9. GLOBAL HARDWARE SECURITY MODULES MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Hardware Security Modules Market, Regional Market Snapshot
9.4. North America Hardware Security Modules Market
  9.4.1. U.S. Hardware Security Modules Market
    9.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Deployment Mode breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
    9.4.1.4. Industry Vertical breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada Hardware Security Modules Market
9.5. Europe Hardware Security Modules Market Snapshot
  9.5.1. U.K. Hardware Security Modules Market
  9.5.2. Germany Hardware Security Modules Market
  9.5.3. France Hardware Security Modules Market
  9.5.4. Spain Hardware Security Modules Market
  9.5.5. Italy Hardware Security Modules Market
  9.5.6. Rest of Europe Hardware Security Modules Market
9.6. Asia-Pacific Hardware Security Modules Market Snapshot
  9.6.1. China Hardware Security Modules Market
  9.6.2. India Hardware Security Modules Market
  9.6.3. Japan Hardware Security Modules Market
  9.6.4. Australia Hardware Security Modules Market
  9.6.5. South Korea Hardware Security Modules Market
  9.6.6. Rest of Asia Pacific Hardware Security Modules Market
9.7. Latin America Hardware Security Modules Market Snapshot
  9.7.1. Brazil Hardware Security Modules Market
  9.7.2. Mexico Hardware Security Modules Market
9.8. Middle East & Africa Hardware Security Modules Market
  9.8.1. Saudi Arabia Hardware Security Modules Market
  9.8.2. South Africa Hardware Security Modules Market
  9.8.3. Rest of Middle East & Africa Hardware Security Modules Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Gemalto NV (Netherlands)
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. Thales eSecurity (France)
  10.3.3. Ultimaco GmbH (Germany)
  10.3.4. IBM Corporation (U.S.)
  10.3.5. Futurex LP (U.S.)
  10.3.6. Hewlett Packard Enterprise Development LP (U.S.)
  10.3.7. Atos SE (France)
  10.3.8. Yubico (U.S.)
  10.3.9. Ultra Electronics (U.K.)
  10.3.10. Securosys SA (Switzerland)

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Hardware Security Modules Market, report scope
TABLE 2. Global Hardware Security Modules Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Hardware Security Modules Market estimates & forecasts by Product Type 2020-2030 (USD Billion)
TABLE 4. Global Hardware Security Modules Market estimates & forecasts by Deployment Mode 2020-2030 (USD Billion)
TABLE 5. Global Hardware Security Modules Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Hardware Security Modules Market estimates & forecasts by Industry Vertical 2020-2030 (USD Billion)
TABLE 7. Global Hardware Security Modules Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Hardware Security Modules Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Hardware Security Modules Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Hardware Security Modules Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Hardware Security Modules Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Hardware Security Modules Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Hardware Security Modules Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Hardware Security Modules Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Hardware Security Modules Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Hardware Security Modules Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Hardware Security Modules Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Hardware Security Modules Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Hardware Security Modules Market
TABLE 72. List of primary sources, used in the study of global Hardware Security Modules Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Hardware Security Modules Market, research methodology
FIG 2. Global Hardware Security Modules Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Hardware Security Modules Market, key trends 2022
FIG 5. Global Hardware Security Modules Market, growth prospects 2023-2030
FIG 6. Global Hardware Security Modules Market, porters 5 force model
FIG 7. Global Hardware Security Modules Market, pest analysis
FIG 8. Global Hardware Security Modules Market, value chain analysis
FIG 9. Global Hardware Security Modules Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Hardware Security Modules Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Hardware Security Modules Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Hardware Security Modules Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Hardware Security Modules Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Hardware Security Modules Market, regional snapshot 2020 & 2030
FIG 15. North America Hardware Security Modules Market 2020 & 2030 (USD Billion)
FIG 16. Europe Hardware Security Modules Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Hardware Security Modules Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Hardware Security Modules Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Hardware Security Modules Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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