Hardware Security Modules Market by Deployment Type (Cloud, On-premise), Type (LAN Based /Network Attached, PCI Based/Embedded Plugins, USB Based/Portable, Smart Cards), Application, Vertical and Region - Global Forecast to 2028
The hardware security modules market is projected to grow from USD 1.2 billion in 2023 and is projected to reach USD 2.3 billion by 2028; it is expected to grow at a CAGR of 13.5% from 2023 to 2028.
The growth of the hardware security modules market is driven by increasing data breaches and cyberattacks, need to follow stringent data security compliances, and emergence of digital transactions, electronic payments leading to rise in the need for protecting sensitive financial data. However, high ownership costs associated with hardware security modules is limiting the growth of the hardware security modules market.
“USB-based/portable HSMs to witness highest growth during the forecast period.”
The USB-based/portable hardware security modules segment is expected to witness the highest growth in the hardware security modules during the forecast period. This can be attributed to the rising demand for USB based HSMs among users due to its lower cost, compact size and portability features. The USB based modules are small and portable, therefore can be deployed for various functions including coding and signing, digital signatures, and secure key storage. It is capable of encryption and key protection and is ideally suited for off-line key generation for certificate authorities as well as development and Bring Your Own Device (BYOD) environments. These modules are preferred by all the industries as they offer superior security, cost-efficiency, and ease of deployment. Hence, HSMs with USBs are widely used by governments and financial institutions to secure data, applications, and identities to reduce the chances of risk, and ensure regulatory compliance. Furthermore, USB connectivity makes such modules suitable for use with laptops, desktops and workstations. With the use of an integrated reader, these modules become ideal for situations with limited space or where they must be frequently used.
“Cloud deployment expected to exhibit higher growth compared to the on-premise segment during the forecast period.”
The cloud deployment segment is expected to exhibit higher growth compared to the on-premise segment during the forecast period. This mode has the ability to perform cryptographic operations and render absolute control over keys to customers through separation of duties. Moreover, the cloud-based HSMs allow users quick scalability by adding and removing hardware security module capacity on-demand, with no up-front costs. These HSMs are capable of generating their own encryption keys on the cloud. Cloud HSMs also provide flexibility to integrate with applications such as APIs, Java Cryptographic Extension and so on.
“Secure Sockets Layer (SSL) and Transport Layer Security (TLS) application segment to exhibit highest growth for the hardware security modules market during forecast period”
The Secure Sockets Layer (SSL) and Transport Layer Security (TLS) application segment is projected to grow at the highest CAGR of (15.7%) during the forecast period. HSMs are designed to create a secure boundary for cryptographic operations and communications. So, this feature is very useful in Secure On-board communication where communication between different components within an embedded system takes place (e.g., communication between sensors/actuators and Microprocessor). Majorly used Secure Communication Protocols: Secure Sockets Layer/Transport Layer Security (SSL/TLS), Internet Protocol Security (IPsec), Secure Shell (SSH), Secure/Multipurpose Internet Mail Extensions (S/MIME), Wi-Fi Protected Access 3 (WAP3). HSMs store and manage cryptographic keys used in SSL/TLS protocols. This includes private keys used for server authentication and digital signatures. The keys never leave the HSM, ensuring they are protected from unauthorized access. HSMs are designed to accelerate cryptographic operations, including the SSL/TLS handshake process. This can improve the overall performance of SSL/TLS connections.
“Asia Pacific to witness significant growth for the hardware security modules market during the forecast period” Asia Pacific is expected to exhibit significant growth for the hardware security modules market during the forecast period. The presence of three of the top 10 largest economies in the world—China, India, and Japan, offers a high potential for market growth. There is an increasing demand for hardware security modules on account of rise in the number of manufacturers that have diversified business units. The countries in this region are notably contributing toward the growth of the market, as there is rapid adoption of hardware security modules by enterprises in the region. Thus, technology vendors across the region are coming up with HSM solutions for stopping card skimming and stealing identity activities. The continuously growing customer base of organizations in the region is fueling the growth of the Asia Pacific hardware security modules market.
Countries in Asia Pacific are considerably contributing toward the growth of the market, owing to the rapid adoption of hardware security modules by enterprises in the region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the hardware security modules space. The break-up of primary participants for the report has been shown below:
By Company Type: Tier 1 – 40%, Tier 2 – 40%, and Tier 3 – 20% By Designation: C-level Executives – 40%, Directors –40%, and Others – 20% By Region: North America –30%, Europe – 20%, Asia Pacific– 40%, and RoW – 10%
The report profiles key players in hardware security modules market with their respective market ranking analysis. Prominent players profiled in this report include Thales (France), Utimaco (Germany), International Business Machines Corporation (IBM) (US), STMicroelectronics (Switzerland), Microchip Technology (US), Infineon Technologies (Germany), Swift (US), Futurex (US), Atos SE (France), and Yubico (US), Securosys (Switzerland), SPYRUS (US), Ledger (France), Ultra Electronics (UK), AdwebTech (India), Efficient India (India), Lattice Semiconductor (US), Ellipticsecure (UK), Amazon Inc. (US), Entrust Security (US), ESCRYPT (Germany), Beijing Sansec Technology Development Co., Ltd (SANSEC) (China), Fortanix (US), JISA Softech (India), Microsoft (US), Nitrokey (Germany), Kryptoagile (India), and Kryptus (Brazil).
Research Coverage: This research report categorizes the hardware security modules market on the basis of deployment type, type, application, vertical and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the hardware security modules market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the hardware security modules market ecosystem.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hardware security modules market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. The report provides insights on the following pointers:
The growth of the hardware security modules market is driven by increasing data breaches and cyberattacks, need to follow stringent data security compliances, and emergence of digital transactions, electronic payments leading to rise in the need for protecting sensitive financial data. However, high ownership costs associated with hardware security modules is limiting the growth of the hardware security modules market.
“USB-based/portable HSMs to witness highest growth during the forecast period.”
The USB-based/portable hardware security modules segment is expected to witness the highest growth in the hardware security modules during the forecast period. This can be attributed to the rising demand for USB based HSMs among users due to its lower cost, compact size and portability features. The USB based modules are small and portable, therefore can be deployed for various functions including coding and signing, digital signatures, and secure key storage. It is capable of encryption and key protection and is ideally suited for off-line key generation for certificate authorities as well as development and Bring Your Own Device (BYOD) environments. These modules are preferred by all the industries as they offer superior security, cost-efficiency, and ease of deployment. Hence, HSMs with USBs are widely used by governments and financial institutions to secure data, applications, and identities to reduce the chances of risk, and ensure regulatory compliance. Furthermore, USB connectivity makes such modules suitable for use with laptops, desktops and workstations. With the use of an integrated reader, these modules become ideal for situations with limited space or where they must be frequently used.
“Cloud deployment expected to exhibit higher growth compared to the on-premise segment during the forecast period.”
The cloud deployment segment is expected to exhibit higher growth compared to the on-premise segment during the forecast period. This mode has the ability to perform cryptographic operations and render absolute control over keys to customers through separation of duties. Moreover, the cloud-based HSMs allow users quick scalability by adding and removing hardware security module capacity on-demand, with no up-front costs. These HSMs are capable of generating their own encryption keys on the cloud. Cloud HSMs also provide flexibility to integrate with applications such as APIs, Java Cryptographic Extension and so on.
“Secure Sockets Layer (SSL) and Transport Layer Security (TLS) application segment to exhibit highest growth for the hardware security modules market during forecast period”
The Secure Sockets Layer (SSL) and Transport Layer Security (TLS) application segment is projected to grow at the highest CAGR of (15.7%) during the forecast period. HSMs are designed to create a secure boundary for cryptographic operations and communications. So, this feature is very useful in Secure On-board communication where communication between different components within an embedded system takes place (e.g., communication between sensors/actuators and Microprocessor). Majorly used Secure Communication Protocols: Secure Sockets Layer/Transport Layer Security (SSL/TLS), Internet Protocol Security (IPsec), Secure Shell (SSH), Secure/Multipurpose Internet Mail Extensions (S/MIME), Wi-Fi Protected Access 3 (WAP3). HSMs store and manage cryptographic keys used in SSL/TLS protocols. This includes private keys used for server authentication and digital signatures. The keys never leave the HSM, ensuring they are protected from unauthorized access. HSMs are designed to accelerate cryptographic operations, including the SSL/TLS handshake process. This can improve the overall performance of SSL/TLS connections.
“Asia Pacific to witness significant growth for the hardware security modules market during the forecast period” Asia Pacific is expected to exhibit significant growth for the hardware security modules market during the forecast period. The presence of three of the top 10 largest economies in the world—China, India, and Japan, offers a high potential for market growth. There is an increasing demand for hardware security modules on account of rise in the number of manufacturers that have diversified business units. The countries in this region are notably contributing toward the growth of the market, as there is rapid adoption of hardware security modules by enterprises in the region. Thus, technology vendors across the region are coming up with HSM solutions for stopping card skimming and stealing identity activities. The continuously growing customer base of organizations in the region is fueling the growth of the Asia Pacific hardware security modules market.
Countries in Asia Pacific are considerably contributing toward the growth of the market, owing to the rapid adoption of hardware security modules by enterprises in the region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the hardware security modules space. The break-up of primary participants for the report has been shown below:
By Company Type: Tier 1 – 40%, Tier 2 – 40%, and Tier 3 – 20% By Designation: C-level Executives – 40%, Directors –40%, and Others – 20% By Region: North America –30%, Europe – 20%, Asia Pacific– 40%, and RoW – 10%
The report profiles key players in hardware security modules market with their respective market ranking analysis. Prominent players profiled in this report include Thales (France), Utimaco (Germany), International Business Machines Corporation (IBM) (US), STMicroelectronics (Switzerland), Microchip Technology (US), Infineon Technologies (Germany), Swift (US), Futurex (US), Atos SE (France), and Yubico (US), Securosys (Switzerland), SPYRUS (US), Ledger (France), Ultra Electronics (UK), AdwebTech (India), Efficient India (India), Lattice Semiconductor (US), Ellipticsecure (UK), Amazon Inc. (US), Entrust Security (US), ESCRYPT (Germany), Beijing Sansec Technology Development Co., Ltd (SANSEC) (China), Fortanix (US), JISA Softech (India), Microsoft (US), Nitrokey (Germany), Kryptoagile (India), and Kryptus (Brazil).
Research Coverage: This research report categorizes the hardware security modules market on the basis of deployment type, type, application, vertical and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the hardware security modules market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the hardware security modules market ecosystem.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hardware security modules market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. The report provides insights on the following pointers:
- Analysis of key drivers (Increasing data breaches and cyberattacks, Need to follow stringent data security compliances, Need to effectively manage cryptographic keys, Emergence of digital transactions, electronic payments leading to rise in the need for protecting sensitive financial data), restraints (High ownership costs associated with hardware security modules, Susceptibility to cyberattacks and security breaches), opportunities (Augmented demand for data security in cloud environments, Increased adoption of connected devices and Internet of Things (IoT) technologies in smart cities, Proliferation of 5G networks worldwide, Rising adoption in the healthcare industry, Adoption of blockchain and cryptocurrencies) influencing the growth of the hardware security modules market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the hardware security modules market. Market Development: Comprehensive information about lucrative markets – the report analyses the hardware security modules market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the hardware security modules market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Thales (France Utimaco (Germany), International Business Machines Corporation (IBM) (US), Futurex (US), Infineon Technologies (Germany), among others in the hardware security modules
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 HARDWARE SECURITY MODULES MARKET, BY COMPANY
1.3.2 HARDWARE SECURITY MODULES MARKET, BY TYPE
1.3.3 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE
1.3.4 HARDWARE SECURITY MODULES MARKET, BY APPLICATION
1.3.5 HARDWARE SECURITY MODULES MARKET, BY VERTICAL
1.3.6 HARDWARE SECURITY MODULES MARKET, BY REGION
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 HARDWARE SECURITY MODULES MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.4.3 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
1.10 RECESSION IMPACT
FIGURE 2 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 HARDWARE SECURITY MODULES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary data sources
2.1.2.2 Breakdown of primaries
2.1.2.3 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Capturing market size using bottom-up approach (demand side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Capturing market size using top-down approach (supply side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 GROWTH RATE ASSUMPTIONS/FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 RISK ASSESSMENT
2.7 RECESSION IMPACT ANALYSIS
TABLE 1 ASSUMPTIONS: RECESSION IMPACT
2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 LAN-BASED/NETWORK-ATTACHED SEGMENT TO LEAD MARKET FROM 2023 TO 2028
FIGURE 9 CLOUD SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
FIGURE 10 PAYMENT PROCESSING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
FIGURE 11 BFSI SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 12 EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HARDWARE SECURITY MODULES MARKET
FIGURE 13 RISING DEMAND FOR CLOUD-BASED HARDWARE SECURITY MODULES DUE TO DIGITIZATION OF BANKING PROCESSES
4.2 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE
FIGURE 14 CLOUD SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
4.3 HARDWARE SECURITY MODULES MARKET, BY APPLICATION
FIGURE 15 PAYMENT PROCESSING APPLICATION TO LEAD MARKET DURING FORECAST PERIOD
4.4 HARDWARE SECURITY MODULES MARKET, BY VERTICAL
FIGURE 16 MEDICAL & LIFE SCIENCES VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.5 HARDWARE SECURITY MODULES MARKET, BY TYPE
FIGURE 17 USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
4.6 HARDWARE SECURITY MODULES MARKET, BY VERTICAL AND REGION
FIGURE 18 BFSI SEGMENT AND EUROPE ACCOUNTED FOR LARGEST MARKET SHARES IN 2022
4.7 HARDWARE SECURITY MODULES MARKET, BY REGION
FIGURE 19 NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.8 HARDWARE SECURITY MODULES MARKET, BY KEY COUNTRY
FIGURE 20 ITALY TO DOMINATE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 HARDWARE SECURITY MODULES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 22 HARDWARE SECURITY MODULES MARKET: DRIVERS AND THEIR IMPACT
5.2.1.1 Increased frequency of data breaches and cyberattacks
FIGURE 23 NUMBER OF CYBERATTACKS IN US, 2015–2022
5.2.1.2 Stringent data security compliances
5.2.1.3 Adoption of holistic approach for effective management of cryptographic keys
5.2.1.4 Widespread adoption of digital payment methods
5.2.2 RESTRAINTS
FIGURE 24 HARDWARE SECURITY MODULES MARKET: RESTRAINTS AND THEIR IMPACT
5.2.2.1 High ownership costs associated with hardware security modules
5.2.3 OPPORTUNITIES
FIGURE 25 HARDWARE SECURITY MODULES MARKET: OPPORTUNITIES AND THEIR IMPACT
5.2.3.1 Surging demand for cloud data security
5.2.3.2 Increasing deployment of connected devices and Internet of Things (IoT) technology in smart cities
5.2.3.3 Proliferation of 5G networks worldwide
5.2.3.4 Rising implementation of security modules in healthcare industry
5.2.3.5 Growing adoption of blockchain and cryptocurrencies
5.2.4 CHALLENGES
FIGURE 26 HARDWARE SECURITY MODULES MARKET: CHALLENGES AND THEIR IMPACT
5.2.4.1 Identification and protection of sensitive data
5.2.4.2 Complexities associated with HSM integration process
5.2.4.3 Need to incorporate advanced technologies to mitigate cyber threats and protect sensitive data
5.3 VALUE CHAIN ANALYSIS
FIGURE 27 HARDWARE SECURITY MODULES MARKET: VALUE CHAIN ANALYSIS
5.3.1 R&D ENGINEERS AND PROTYPE DESIGNERS
5.3.2 RAW MATERIAL SUPPLIERS
5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS
5.3.4 SYSTEM INTEGRATORS
5.3.5 SUPPLIERS AND DISTRIBUTORS
5.3.6 VERTICALS
5.4 ECOSYSTEM ANALYSIS
TABLE 2 KEY PARTICIPANTS AND THEIR ROLE IN ECOSYSTEM
FIGURE 28 KEY PLAYERS IN HARDWARE SECURITY MODULES ECOSYSTEM
5.5 TECHNOLOGY ANALYSIS
5.5.1 KEY TECHNOLOGY TRENDS
5.5.1.1 Virtualization of HSMs
5.5.1.2 Incorporation of AI and ML technologies into HSMs
5.5.1.3 Integration of hardware security modules into contactless smart cards
5.5.2 ADJACENT TECHNOLOGY TRENDS
5.5.2.1 Commercialization of Internet of Things (IoT)
5.5.2.2 Utilization of blockchain and distributed ledger technologies
5.5.2.3 Trend of digital signature
5.6 AVERAGE SELLING PRICE ANALYSIS
TABLE 3 PRICING ANALYSIS OF HARDWARE SECURITY MODULES, 2022
5.6.1 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE
FIGURE 29 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE
TABLE 4 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE
FIGURE 30 AVERAGE SELLING PRICE (USD) OF HARDWARE SECURITY MODULES
5.7 PATENT ANALYSIS
TABLE 5 PATENTS RELATED TO HARDWARE SECURITY MODULES MARKET
TABLE 6 TOP 20 PATENT OWNERS IN HARDWARE SECURITY MODULES MARKET, 2013–2023
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2023
5.8 IMPORT/EXPORT SCENARIOS, BY HS CODE
TABLE 7 IMPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 8 EXPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2018–2022 (USD MILLION)
5.9 TARIFFS
TABLE 9 MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY US
TABLE 10 MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY CHINA
5.10 REGULATORY LANDSCAPE AND STANDARDS
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10.2 GLOBAL REGULATIONS: FRAUD PREVENTION AND STANDARDIZATION
5.10.3 NORTH AMERICA: CONSUMER PROTECTION
5.10.4 EUROPE: STANDARDIZATION OF PAYMENTS
5.10.5 ASIA PACIFIC: DOMESTIC PAYMENT NETWORKS
5.11 PORTER’S FIVE FORCES ANALYSIS
FIGURE 33 HARDWARE SECURITY MODULES MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 15 IMPACT OF PORTER’S FIVE FORCES ON MARKET
5.11.1 THREAT OF NEW ENTRANTS
5.11.2 THREAT OF SUBSTITUTES
5.11.3 BARGAINING POWER OF SUPPLIERS
5.11.4 BARGAINING POWER OF BUYERS
5.11.5 INTENSITY OF COMPETITIVE RIVALRY
5.12 CASE STUDY ANALYSIS
5.12.1 POMELO ACQUIRED HSM SOLUTIONS FROM FUTUREX TO DEPLOY IN CLOUD
5.12.2 MAJOR ISRAELI BANK APPROACHED STANCHION AND FUTUREX FOR SECURE PAYMENT ENVIRONMENTS
5.12.3 NCC BANK OF BANGLADESH ENSURED REAL-TIME BINIMOY TRANSACTIONS WITH THALES LUNA HSMS
5.12.4 TREEZOR DEPLOYED CLOUD HSM FROM THALES TO SECURE PAYMENT CHAIN
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 16 HARDWARE SECURITY MODULES MARKET: KEY CONFERENCES AND EVENTS
5.14 KEY STAKEHOLDERS AND BUYING PROCESS
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 17 IMPACT OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
5.14.2 BUYING CRITERIA
FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 18 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 36 REVENUE SHIFT AND NEW REVENUE POCKETS IN HARDWARE SECURITY MODULES MARKET
6 HARDWARE SECURITY MODULES MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 37 USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
TABLE 19 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 20 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 21 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 22 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (THOUSAND UNITS)
6.2 LAN-BASED/NETWORK-ATTACHED
6.2.1 EFFICIENCY AND RESILIENCE OF HARDWARE SECURITY MODULES TO DRIVE MARKET
TABLE 23 LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 24 LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET BY REGION, 2023–2028 (USD MILLION)
6.3 PCI-BASED/EMBEDDED PLUGIN
6.3.1 ENHANCED FOCUS ON SYSTEM SECURITY AND SOFTWARE CONTROL TO FUEL DEMAND
TABLE 25 PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 26 PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
6.4 USB-BASED/PORTABLE
6.4.1 GROWING IMPLEMENTATION OF PORTABLE HSMS IN LOW-VOLUME TRANSACTION ENVIRONMENTS TO DRIVE MARKET
TABLE 27 USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 28 USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
6.5 SMART CARDS
6.5.1 INDISPENSABLE NEED TO MITIGATE CYBER RISKS TO FUEL SEGMENTAL GROWTH
TABLE 29 SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 30 SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
7 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE
7.1 INTRODUCTION
FIGURE 38 CLOUD SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
TABLE 31 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 32 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
7.2 ON-PREMISES
7.2.1 PREFERENCE FOR COMPLETE CONTROL OF DATA AND INFRASTRUCTURE MANAGEMENT TO FOSTER SEGMENTAL GROWTH
TABLE 33 ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 34 ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
7.3 CLOUD
7.3.1 COST-EFFECTIVENESS OF CLOUD-BASED HARDWARE SECURITY MODULES TO BOOST DEMAND
TABLE 35 CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 36 CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
8 HARDWARE SECURITY MODULES MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 39 BFSI VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 37 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 38 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
8.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
8.2.1 PRESSING NEED TO MITIGATE RISK OF ONLINE FINANCIAL FRAUDS TO BOOST DEMAND
TABLE 39 BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 40 BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 41 BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 42 BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.3 IT & TELECOMMUNICATIONS
8.3.1 SIGNIFICANT FOCUS ON 5G INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET
TABLE 43 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 44 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 45 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 46 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.4 PUBLIC SECTOR/GOVERNMENT
8.4.1 RISING NEED FOR PROLONGED DATA PROTECTION TO DRIVE MARKET
TABLE 47 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 48 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 49 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 50 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.5 INDUSTRIAL MANUFACTURING
8.5.1 ADOPTION OF HARDWARE SECURITY MODULES FOR DATA EXCHANGE TO DRIVE MARKET
TABLE 51 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 54 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.6 ENERGY & POWER
8.6.1 INTEGRATION OF HARDWARE SECURITY MODULES INTO CRITICAL INFRASTRUCTURES TO ENHANCE SECURITY PROTOCOLS
TABLE 55 ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 56 ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 57 ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 58 ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.7 CONSUMER GOODS & RETAIL
8.7.1 NEED FOR SECURING PROPRIETARY INFORMATION TO DRIVE MARKET
TABLE 59 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 61 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 62 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.8 MEDICAL & LIFE SCIENCES
8.8.1 INCREASING NEED FOR SECURITY AGAINST CYBER THREATS TO DRIVE MARKET
TABLE 63 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 64 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 65 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 66 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.9 AEROSPACE & DEFENSE
8.9.1 INCREASING USE OF HARDWARE SECURITY MODULES TO SAFEGUARD CRITICAL DATA
TABLE 67 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 68 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 69 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 70 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.10 TRANSPORTATION
8.10.1 TECHNOLOGICAL ADVANCEMENTS IN CONNECTED CARS TO DRIVE MARKET
TABLE 71 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 72 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 73 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 74 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
9 HARDWARE SECURITY MODULES MARKET, BY APPLICATION
9.1 INTRODUCTION
FIGURE 40 SSL AND TLS SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 75 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 76 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
9.2 PAYMENT PROCESSING
9.2.1 HIGH DEMAND FOR SECURE PAYMENT PROCESSING METHODS TO DRIVE MARKET
TABLE 77 PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 78 PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 CODE AND DOCUMENT SIGNING
9.3.1 URGENT NEED FOR TAMPER-RESISTANT HARDWARE-BASED SOLUTIONS TO PROPEL MARKET
TABLE 79 CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 80 CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.4 SECURITY SOCKETS LAYER AND TRANSPORT SECURITY LAYER
9.4.1 INCREASED DEMAND FOR SSL AND TSL IN IT & TELECOMMUNICATIONS VERTICAL TO DRIVE MARKET
TABLE 81 SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 82 SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.5 AUTHENTICATION
9.5.1 GROWING NEED FOR HARDWARE SECURITY MODULES IN AUTHENTICATION APPLICATIONS TO FUEL MARKET
TABLE 83 AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 84 AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.6 DATABASE ENCRYPTION
9.6.1 PRESSING NEED FOR PROTECTING DATABASES FROM UNAUTHORIZED ACCESS TO FUEL DEMAND FOR ENCRYPTION
TABLE 85 DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 86 DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.7 PUBLIC KEY INFRASTRUCTURE AND CREDENTIAL MANAGEMENT
9.7.1 INCREASING DEMAND FOR SECURITY MODULES IN CREDENTIAL MANAGEMENT TO ENABLE SAFE DATA TRANSMIT
TABLE 87 PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 88 PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.8 APPLICATION-LEVEL ENCRYPTION
9.8.1 ENHANCED EFFICIENCY AND ACCURACY OF APPLICATION-LEVEL ENCRYPTION TO DRIVE MARKET
TABLE 89 APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 90 APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
10 HARDWARE SECURITY MODULES MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 41 HARDWARE SECURITY MODULES MARKET, BY REGION
FIGURE 42 EUROPE TO LEAD MARKET DURING FORECAST PERIOD
TABLE 91 HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 92 HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 43 NORTH AMERICA: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
TABLE 93 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 94 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 95 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 96 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 97 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 98 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 99 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 100 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.2.2 US
10.2.2.1 Wide adoption of communication devices to fuel demand
10.2.3 CANADA
10.2.3.1 Rising number of cyberattacks to fuel demand for security modules
10.2.4 MEXICO
10.2.4.1 Urgent demand for improved network security in automobile manufacturing plants to drive market
10.3 EUROPE
10.3.1 EUROPE: RECESSION IMPACT
FIGURE 44 EUROPE: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
TABLE 101 EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 102 EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 103 EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 104 EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 105 EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 106 EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 107 EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 108 EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.3.2 GERMANY
10.3.2.1 High deployment of hardware security modules in automotive industry to drive market
10.3.3 UK
10.3.3.1 Increasing use of advanced interconnected technologies to drive market
10.3.4 FRANCE
10.3.4.1 Wide use of HSMs in aerospace & defense sector to drive market
10.3.5 ITALY
10.3.5.1 Pressing need for security measures to fuel market
10.3.6 NETHERLANDS
10.3.6.1 Innovation in digital technologies to propel market
10.3.7 RUSSIA
10.3.7.1 Rapid establishment of manufacturing units to drive market
10.3.8 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 45 ASIA PACIFIC: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
TABLE 109 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 110 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 111 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 112 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 113 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 114 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 115 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 116 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.4.2 CHINA
10.4.2.1 Growing security concerns to drive demand for digital solutions
10.4.3 JAPAN
10.4.3.1 Established automobile sector to drive market
10.4.4 INDIA
10.4.4.1 Rising initiative for foreign direct investments to boost market
10.4.5 SOUTH KOREA
10.4.5.1 Growing need for enhanced security measures to drive market
10.4.6 AUSTRALIA
10.4.6.1 High demand for mobile security solutions to drive market
10.4.7 REST OF ASIA PACIFIC
10.5 ROW
10.5.1 ROW: RECESSION IMPACT
FIGURE 46 ROW: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
TABLE 117 ROW: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 118 ROW: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 119 MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 120 MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 121 ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 122 ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 123 ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 124 ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 125 ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 126 ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.5.2 SOUTH AMERICA
10.5.2.1 Brazil
10.5.2.1.1 Booming healthcare sector to boost market
10.5.2.2 Argentina
10.5.2.2.1 Government initiatives to tackle global volatility and uncertainty to fuel economic growth
10.5.2.3 Rest of South America
10.5.3 MIDDLE EAST & AFRICA
10.5.3.1 GCC Countries
10.5.3.1.1 Growing investments in networking infrastructure to boost market
10.5.3.2 Rest of Middle East & Africa
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.1.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 127 OVERVIEW OF KEY GROWTH STRATEGIES ADOPTED BY MAJOR COMPANIES
11.2 REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 47 FIVE-YEAR REVENUE SNAPSHOT OF KEY COMPANIES
11.3 MARKET SHARE ANALYSIS
TABLE 128 HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS
FIGURE 48 HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS
11.4 COMPANY EVALUATION MATRIX
11.4.1 STARS
11.4.2 EMERGING LEADERS
11.4.3 PERVASIVE PLAYERS
11.4.4 PARTICIPANTS
FIGURE 49 HARDWARE SECURITY MODULES MARKET: (GLOBAL) COMPANY EVALUATION MATRIX, 2022
11.5 START-UP/SME EVALUATION MATRIX
11.5.1 PROGRESSIVE COMPANIES
11.5.2 RESPONSIVE COMPANIES
11.5.3 DYNAMIC COMPANIES
11.5.4 STARTING BLOCKS
FIGURE 50 HARDWARE SECURITY MODULES MARKET: (GLOBAL) START-UP/SME EVALUATION MATRIX, 2022
11.6 COMPETITIVE BENCHMARKING
TABLE 129 HARDWARE SECURITY MODULES MARKET: KEY START-UP/SMES
TABLE 130 HARDWARE SECURITY MODULES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UP/SMES
11.7 COMPANY FOOTPRINT
TABLE 131 OVERALL COMPANY FOOTPRINT (28 COMPANIES)
TABLE 132 TYPE: COMPANY FOOTPRINT (28 COMPANIES)
TABLE 133 DEPLOYMENT TYPE: COMPANY FOOTPRINT (28 COMPANIES)
TABLE 134 REGION: COMPANY FOOTPRINT (28 COMPANIES)
11.8 COMPETITIVE SCENARIOS AND TRENDS
11.8.1 HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019–OCTOBER 2023
TABLE 135 HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019– OCTOBER 2023
11.8.2 HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019–OCTOBER 2023
TABLE 136 HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019 –OCTOBER 2023
11.8.3 HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023
TABLE 137 HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023
12 COMPANY PROFILES
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 INTRODUCTION
12.2 KEY PLAYERS
12.2.1 THALES GROUP
TABLE 138 THALES GROUP: COMPANY OVERVIEW
FIGURE 51 THALES GROUP: COMPANY SNAPSHOT
TABLE 139 THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 140 THALES GROUP: PRODUCT LAUNCHES
TABLE 141 THALES GROUP: DEALS
12.2.2 UTIMACO
TABLE 142 UTIMACO: COMPANY OVERVIEW
TABLE 143 UTIMACO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 UTIMACO: PRODUCT LAUNCHES
TABLE 145 UTIMACO: DEALS
TABLE 146 UTIMACO: OTHERS
12.2.3 FUTUREX
TABLE 147 FUTUREX: COMPANY OVERVIEW
TABLE 148 FUTUREX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 149 FUTUREX: PRODUCT LAUNCHES
TABLE 150 FUTUREX: DEALS
12.2.4 INFINEON TECHNOLOGIES
TABLE 151 INFINEON TECHNOLOGIES: COMPANY OVERVIEW
FIGURE 52 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 152 INFINEON TECHNOLOGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 153 INFINEON TECHNOLOGIES: PRODUCT LAUNCHES
TABLE 154 INFINEON TECHNOLOGIES: DEALS
12.2.5 IBM
TABLE 155 IBM: COMPANY OVERVIEW
FIGURE 53 IBM: COMPANY SNAPSHOT
TABLE 156 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 157 IBM: DEALS
12.2.6 STMICROELECTRONICS
TABLE 158 STMICROELECTRONICS: COMPANY OVERVIEW
FIGURE 54 STMICROELECTRONICS: COMPANY SNAPSHOT
TABLE 159 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 160 STMICROELECTRONICS: DEALS
12.2.7 MICROCHIP TECHNOLOGY
TABLE 161 MICROCHIP TECHNOLOGY: COMPANY OVERVIEW
FIGURE 55 MICROCHIP TECHNOLOGY: COMPANY SNAPSHOT
TABLE 162 MICROCHIP TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 163 MICROCHIP TECHNOLOGY: PRODUCT LAUNCHES
TABLE 164 MICROCHIP TECHNOLOGY: OTHERS
12.2.8 ATOS SE
TABLE 165 ATOS SE: COMPANY OVERVIEW
FIGURE 56 ATOS SE: COMPANY SNAPSHOT
TABLE 166 ATOS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 167 ATOS SE: PRODUCT LAUNCHES
TABLE 168 ATOS SE: DEALS
12.2.9 YUBICO
TABLE 169 YUBICO: COMPANY OVERVIEW
TABLE 170 YUBICO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 171 YUBICO: PRODUCT LAUNCHES
TABLE 172 YUBICO: DEALS
12.2.10 SWIFT
TABLE 173 SWIFT: COMPANY OVERVIEW
FIGURE 57 SWIFT: COMPANY SNAPSHOT
TABLE 174 SWIFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.3 OTHER PLAYERS
12.3.1 SECUROSYS SA
TABLE 175 SECUROSYS SA: COMPANY OVERVIEW
12.3.2 SPYRUS
TABLE 176 SPYRUS: COMPANY OVERVIEW
12.3.3 LEDGER
TABLE 177 LEDGER: COMPANY OVERVIEW
12.3.4 ULTRA ELECTRONICS
TABLE 178 ULTRA ELECTRONICS: COMPANY OVERVIEW
12.3.5 ADWEBTECH
TABLE 179 ADWEBTECH: COMPANY OVERVIEW
12.3.6 EFFICIENT INDIA
TABLE 180 EFFICIENT INDIA: COMPANY OVERVIEW
12.3.7 LATTICE SEMICONDUCTORS
TABLE 181 LATTICE SEMICONDUCTORS: COMPANY OVERVIEW
12.3.8 ELLIPTICSECURE
TABLE 182 ELLIPTICSECURE: COMPANY OVERVIEW
12.3.9 AMAZON INC.
TABLE 183 AMAZON INC.: COMPANY OVERVIEW
12.3.10 ENTRUST SECURITY
TABLE 184 ENTRUST SECURITY: COMPANY OVERVIEW
12.3.11 ESCRYPT
TABLE 185 ESCRYPT: COMPANY OVERVIEW
12.3.12 BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD
TABLE 186 BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD: COMPANY OVERVIEW
12.3.13 FORTANIX
TABLE 187 FORTANIX: COMPANY OVERVIEW
12.3.14 JISA SOFTECH
TABLE 188 JISA SOFTECH: COMPANY OVERVIEW
12.3.15 MICROSOFT
TABLE 189 MICROSOFT: COMPANY OVERVIEW
12.3.16 NITROKEY
12.3.17 KRYPTOAGILE
12.3.18 KRYPTUS
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 HARDWARE SECURITY MODULES MARKET, BY COMPANY
1.3.2 HARDWARE SECURITY MODULES MARKET, BY TYPE
1.3.3 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE
1.3.4 HARDWARE SECURITY MODULES MARKET, BY APPLICATION
1.3.5 HARDWARE SECURITY MODULES MARKET, BY VERTICAL
1.3.6 HARDWARE SECURITY MODULES MARKET, BY REGION
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 HARDWARE SECURITY MODULES MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.4.3 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
1.10 RECESSION IMPACT
FIGURE 2 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 HARDWARE SECURITY MODULES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary data sources
2.1.2.2 Breakdown of primaries
2.1.2.3 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Capturing market size using bottom-up approach (demand side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Capturing market size using top-down approach (supply side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 GROWTH RATE ASSUMPTIONS/FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 RISK ASSESSMENT
2.7 RECESSION IMPACT ANALYSIS
TABLE 1 ASSUMPTIONS: RECESSION IMPACT
2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 LAN-BASED/NETWORK-ATTACHED SEGMENT TO LEAD MARKET FROM 2023 TO 2028
FIGURE 9 CLOUD SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
FIGURE 10 PAYMENT PROCESSING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
FIGURE 11 BFSI SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 12 EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HARDWARE SECURITY MODULES MARKET
FIGURE 13 RISING DEMAND FOR CLOUD-BASED HARDWARE SECURITY MODULES DUE TO DIGITIZATION OF BANKING PROCESSES
4.2 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE
FIGURE 14 CLOUD SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
4.3 HARDWARE SECURITY MODULES MARKET, BY APPLICATION
FIGURE 15 PAYMENT PROCESSING APPLICATION TO LEAD MARKET DURING FORECAST PERIOD
4.4 HARDWARE SECURITY MODULES MARKET, BY VERTICAL
FIGURE 16 MEDICAL & LIFE SCIENCES VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.5 HARDWARE SECURITY MODULES MARKET, BY TYPE
FIGURE 17 USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
4.6 HARDWARE SECURITY MODULES MARKET, BY VERTICAL AND REGION
FIGURE 18 BFSI SEGMENT AND EUROPE ACCOUNTED FOR LARGEST MARKET SHARES IN 2022
4.7 HARDWARE SECURITY MODULES MARKET, BY REGION
FIGURE 19 NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.8 HARDWARE SECURITY MODULES MARKET, BY KEY COUNTRY
FIGURE 20 ITALY TO DOMINATE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 HARDWARE SECURITY MODULES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 22 HARDWARE SECURITY MODULES MARKET: DRIVERS AND THEIR IMPACT
5.2.1.1 Increased frequency of data breaches and cyberattacks
FIGURE 23 NUMBER OF CYBERATTACKS IN US, 2015–2022
5.2.1.2 Stringent data security compliances
5.2.1.3 Adoption of holistic approach for effective management of cryptographic keys
5.2.1.4 Widespread adoption of digital payment methods
5.2.2 RESTRAINTS
FIGURE 24 HARDWARE SECURITY MODULES MARKET: RESTRAINTS AND THEIR IMPACT
5.2.2.1 High ownership costs associated with hardware security modules
5.2.3 OPPORTUNITIES
FIGURE 25 HARDWARE SECURITY MODULES MARKET: OPPORTUNITIES AND THEIR IMPACT
5.2.3.1 Surging demand for cloud data security
5.2.3.2 Increasing deployment of connected devices and Internet of Things (IoT) technology in smart cities
5.2.3.3 Proliferation of 5G networks worldwide
5.2.3.4 Rising implementation of security modules in healthcare industry
5.2.3.5 Growing adoption of blockchain and cryptocurrencies
5.2.4 CHALLENGES
FIGURE 26 HARDWARE SECURITY MODULES MARKET: CHALLENGES AND THEIR IMPACT
5.2.4.1 Identification and protection of sensitive data
5.2.4.2 Complexities associated with HSM integration process
5.2.4.3 Need to incorporate advanced technologies to mitigate cyber threats and protect sensitive data
5.3 VALUE CHAIN ANALYSIS
FIGURE 27 HARDWARE SECURITY MODULES MARKET: VALUE CHAIN ANALYSIS
5.3.1 R&D ENGINEERS AND PROTYPE DESIGNERS
5.3.2 RAW MATERIAL SUPPLIERS
5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS
5.3.4 SYSTEM INTEGRATORS
5.3.5 SUPPLIERS AND DISTRIBUTORS
5.3.6 VERTICALS
5.4 ECOSYSTEM ANALYSIS
TABLE 2 KEY PARTICIPANTS AND THEIR ROLE IN ECOSYSTEM
FIGURE 28 KEY PLAYERS IN HARDWARE SECURITY MODULES ECOSYSTEM
5.5 TECHNOLOGY ANALYSIS
5.5.1 KEY TECHNOLOGY TRENDS
5.5.1.1 Virtualization of HSMs
5.5.1.2 Incorporation of AI and ML technologies into HSMs
5.5.1.3 Integration of hardware security modules into contactless smart cards
5.5.2 ADJACENT TECHNOLOGY TRENDS
5.5.2.1 Commercialization of Internet of Things (IoT)
5.5.2.2 Utilization of blockchain and distributed ledger technologies
5.5.2.3 Trend of digital signature
5.6 AVERAGE SELLING PRICE ANALYSIS
TABLE 3 PRICING ANALYSIS OF HARDWARE SECURITY MODULES, 2022
5.6.1 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE
FIGURE 29 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE
TABLE 4 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE
FIGURE 30 AVERAGE SELLING PRICE (USD) OF HARDWARE SECURITY MODULES
5.7 PATENT ANALYSIS
TABLE 5 PATENTS RELATED TO HARDWARE SECURITY MODULES MARKET
TABLE 6 TOP 20 PATENT OWNERS IN HARDWARE SECURITY MODULES MARKET, 2013–2023
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2023
5.8 IMPORT/EXPORT SCENARIOS, BY HS CODE
TABLE 7 IMPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 8 EXPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2018–2022 (USD MILLION)
5.9 TARIFFS
TABLE 9 MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY US
TABLE 10 MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY CHINA
5.10 REGULATORY LANDSCAPE AND STANDARDS
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10.2 GLOBAL REGULATIONS: FRAUD PREVENTION AND STANDARDIZATION
5.10.3 NORTH AMERICA: CONSUMER PROTECTION
5.10.4 EUROPE: STANDARDIZATION OF PAYMENTS
5.10.5 ASIA PACIFIC: DOMESTIC PAYMENT NETWORKS
5.11 PORTER’S FIVE FORCES ANALYSIS
FIGURE 33 HARDWARE SECURITY MODULES MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 15 IMPACT OF PORTER’S FIVE FORCES ON MARKET
5.11.1 THREAT OF NEW ENTRANTS
5.11.2 THREAT OF SUBSTITUTES
5.11.3 BARGAINING POWER OF SUPPLIERS
5.11.4 BARGAINING POWER OF BUYERS
5.11.5 INTENSITY OF COMPETITIVE RIVALRY
5.12 CASE STUDY ANALYSIS
5.12.1 POMELO ACQUIRED HSM SOLUTIONS FROM FUTUREX TO DEPLOY IN CLOUD
5.12.2 MAJOR ISRAELI BANK APPROACHED STANCHION AND FUTUREX FOR SECURE PAYMENT ENVIRONMENTS
5.12.3 NCC BANK OF BANGLADESH ENSURED REAL-TIME BINIMOY TRANSACTIONS WITH THALES LUNA HSMS
5.12.4 TREEZOR DEPLOYED CLOUD HSM FROM THALES TO SECURE PAYMENT CHAIN
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 16 HARDWARE SECURITY MODULES MARKET: KEY CONFERENCES AND EVENTS
5.14 KEY STAKEHOLDERS AND BUYING PROCESS
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 17 IMPACT OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
5.14.2 BUYING CRITERIA
FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 18 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 36 REVENUE SHIFT AND NEW REVENUE POCKETS IN HARDWARE SECURITY MODULES MARKET
6 HARDWARE SECURITY MODULES MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 37 USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
TABLE 19 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 20 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 21 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 22 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (THOUSAND UNITS)
6.2 LAN-BASED/NETWORK-ATTACHED
6.2.1 EFFICIENCY AND RESILIENCE OF HARDWARE SECURITY MODULES TO DRIVE MARKET
TABLE 23 LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 24 LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET BY REGION, 2023–2028 (USD MILLION)
6.3 PCI-BASED/EMBEDDED PLUGIN
6.3.1 ENHANCED FOCUS ON SYSTEM SECURITY AND SOFTWARE CONTROL TO FUEL DEMAND
TABLE 25 PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 26 PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
6.4 USB-BASED/PORTABLE
6.4.1 GROWING IMPLEMENTATION OF PORTABLE HSMS IN LOW-VOLUME TRANSACTION ENVIRONMENTS TO DRIVE MARKET
TABLE 27 USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 28 USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
6.5 SMART CARDS
6.5.1 INDISPENSABLE NEED TO MITIGATE CYBER RISKS TO FUEL SEGMENTAL GROWTH
TABLE 29 SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 30 SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
7 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE
7.1 INTRODUCTION
FIGURE 38 CLOUD SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
TABLE 31 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 32 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
7.2 ON-PREMISES
7.2.1 PREFERENCE FOR COMPLETE CONTROL OF DATA AND INFRASTRUCTURE MANAGEMENT TO FOSTER SEGMENTAL GROWTH
TABLE 33 ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 34 ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
7.3 CLOUD
7.3.1 COST-EFFECTIVENESS OF CLOUD-BASED HARDWARE SECURITY MODULES TO BOOST DEMAND
TABLE 35 CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 36 CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
8 HARDWARE SECURITY MODULES MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 39 BFSI VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 37 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 38 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
8.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
8.2.1 PRESSING NEED TO MITIGATE RISK OF ONLINE FINANCIAL FRAUDS TO BOOST DEMAND
TABLE 39 BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 40 BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 41 BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 42 BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.3 IT & TELECOMMUNICATIONS
8.3.1 SIGNIFICANT FOCUS ON 5G INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET
TABLE 43 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 44 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 45 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 46 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.4 PUBLIC SECTOR/GOVERNMENT
8.4.1 RISING NEED FOR PROLONGED DATA PROTECTION TO DRIVE MARKET
TABLE 47 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 48 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 49 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 50 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.5 INDUSTRIAL MANUFACTURING
8.5.1 ADOPTION OF HARDWARE SECURITY MODULES FOR DATA EXCHANGE TO DRIVE MARKET
TABLE 51 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 54 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.6 ENERGY & POWER
8.6.1 INTEGRATION OF HARDWARE SECURITY MODULES INTO CRITICAL INFRASTRUCTURES TO ENHANCE SECURITY PROTOCOLS
TABLE 55 ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 56 ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 57 ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 58 ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.7 CONSUMER GOODS & RETAIL
8.7.1 NEED FOR SECURING PROPRIETARY INFORMATION TO DRIVE MARKET
TABLE 59 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 61 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 62 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.8 MEDICAL & LIFE SCIENCES
8.8.1 INCREASING NEED FOR SECURITY AGAINST CYBER THREATS TO DRIVE MARKET
TABLE 63 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 64 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 65 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 66 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.9 AEROSPACE & DEFENSE
8.9.1 INCREASING USE OF HARDWARE SECURITY MODULES TO SAFEGUARD CRITICAL DATA
TABLE 67 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 68 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 69 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 70 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
8.10 TRANSPORTATION
8.10.1 TECHNOLOGICAL ADVANCEMENTS IN CONNECTED CARS TO DRIVE MARKET
TABLE 71 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 72 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 73 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)
TABLE 74 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)
9 HARDWARE SECURITY MODULES MARKET, BY APPLICATION
9.1 INTRODUCTION
FIGURE 40 SSL AND TLS SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 75 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 76 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
9.2 PAYMENT PROCESSING
9.2.1 HIGH DEMAND FOR SECURE PAYMENT PROCESSING METHODS TO DRIVE MARKET
TABLE 77 PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 78 PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 CODE AND DOCUMENT SIGNING
9.3.1 URGENT NEED FOR TAMPER-RESISTANT HARDWARE-BASED SOLUTIONS TO PROPEL MARKET
TABLE 79 CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 80 CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.4 SECURITY SOCKETS LAYER AND TRANSPORT SECURITY LAYER
9.4.1 INCREASED DEMAND FOR SSL AND TSL IN IT & TELECOMMUNICATIONS VERTICAL TO DRIVE MARKET
TABLE 81 SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 82 SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.5 AUTHENTICATION
9.5.1 GROWING NEED FOR HARDWARE SECURITY MODULES IN AUTHENTICATION APPLICATIONS TO FUEL MARKET
TABLE 83 AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 84 AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.6 DATABASE ENCRYPTION
9.6.1 PRESSING NEED FOR PROTECTING DATABASES FROM UNAUTHORIZED ACCESS TO FUEL DEMAND FOR ENCRYPTION
TABLE 85 DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 86 DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.7 PUBLIC KEY INFRASTRUCTURE AND CREDENTIAL MANAGEMENT
9.7.1 INCREASING DEMAND FOR SECURITY MODULES IN CREDENTIAL MANAGEMENT TO ENABLE SAFE DATA TRANSMIT
TABLE 87 PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 88 PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
9.8 APPLICATION-LEVEL ENCRYPTION
9.8.1 ENHANCED EFFICIENCY AND ACCURACY OF APPLICATION-LEVEL ENCRYPTION TO DRIVE MARKET
TABLE 89 APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 90 APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
10 HARDWARE SECURITY MODULES MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 41 HARDWARE SECURITY MODULES MARKET, BY REGION
FIGURE 42 EUROPE TO LEAD MARKET DURING FORECAST PERIOD
TABLE 91 HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 92 HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 43 NORTH AMERICA: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
TABLE 93 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 94 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 95 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 96 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 97 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 98 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 99 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 100 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.2.2 US
10.2.2.1 Wide adoption of communication devices to fuel demand
10.2.3 CANADA
10.2.3.1 Rising number of cyberattacks to fuel demand for security modules
10.2.4 MEXICO
10.2.4.1 Urgent demand for improved network security in automobile manufacturing plants to drive market
10.3 EUROPE
10.3.1 EUROPE: RECESSION IMPACT
FIGURE 44 EUROPE: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
TABLE 101 EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 102 EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 103 EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 104 EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 105 EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 106 EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 107 EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 108 EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.3.2 GERMANY
10.3.2.1 High deployment of hardware security modules in automotive industry to drive market
10.3.3 UK
10.3.3.1 Increasing use of advanced interconnected technologies to drive market
10.3.4 FRANCE
10.3.4.1 Wide use of HSMs in aerospace & defense sector to drive market
10.3.5 ITALY
10.3.5.1 Pressing need for security measures to fuel market
10.3.6 NETHERLANDS
10.3.6.1 Innovation in digital technologies to propel market
10.3.7 RUSSIA
10.3.7.1 Rapid establishment of manufacturing units to drive market
10.3.8 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 45 ASIA PACIFIC: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
TABLE 109 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 110 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 111 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 112 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 113 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 114 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 115 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 116 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.4.2 CHINA
10.4.2.1 Growing security concerns to drive demand for digital solutions
10.4.3 JAPAN
10.4.3.1 Established automobile sector to drive market
10.4.4 INDIA
10.4.4.1 Rising initiative for foreign direct investments to boost market
10.4.5 SOUTH KOREA
10.4.5.1 Growing need for enhanced security measures to drive market
10.4.6 AUSTRALIA
10.4.6.1 High demand for mobile security solutions to drive market
10.4.7 REST OF ASIA PACIFIC
10.5 ROW
10.5.1 ROW: RECESSION IMPACT
FIGURE 46 ROW: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
TABLE 117 ROW: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 118 ROW: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 119 MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 120 MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 121 ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 122 ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 123 ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 124 ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 125 ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 126 ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.5.2 SOUTH AMERICA
10.5.2.1 Brazil
10.5.2.1.1 Booming healthcare sector to boost market
10.5.2.2 Argentina
10.5.2.2.1 Government initiatives to tackle global volatility and uncertainty to fuel economic growth
10.5.2.3 Rest of South America
10.5.3 MIDDLE EAST & AFRICA
10.5.3.1 GCC Countries
10.5.3.1.1 Growing investments in networking infrastructure to boost market
10.5.3.2 Rest of Middle East & Africa
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.1.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 127 OVERVIEW OF KEY GROWTH STRATEGIES ADOPTED BY MAJOR COMPANIES
11.2 REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 47 FIVE-YEAR REVENUE SNAPSHOT OF KEY COMPANIES
11.3 MARKET SHARE ANALYSIS
TABLE 128 HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS
FIGURE 48 HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS
11.4 COMPANY EVALUATION MATRIX
11.4.1 STARS
11.4.2 EMERGING LEADERS
11.4.3 PERVASIVE PLAYERS
11.4.4 PARTICIPANTS
FIGURE 49 HARDWARE SECURITY MODULES MARKET: (GLOBAL) COMPANY EVALUATION MATRIX, 2022
11.5 START-UP/SME EVALUATION MATRIX
11.5.1 PROGRESSIVE COMPANIES
11.5.2 RESPONSIVE COMPANIES
11.5.3 DYNAMIC COMPANIES
11.5.4 STARTING BLOCKS
FIGURE 50 HARDWARE SECURITY MODULES MARKET: (GLOBAL) START-UP/SME EVALUATION MATRIX, 2022
11.6 COMPETITIVE BENCHMARKING
TABLE 129 HARDWARE SECURITY MODULES MARKET: KEY START-UP/SMES
TABLE 130 HARDWARE SECURITY MODULES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UP/SMES
11.7 COMPANY FOOTPRINT
TABLE 131 OVERALL COMPANY FOOTPRINT (28 COMPANIES)
TABLE 132 TYPE: COMPANY FOOTPRINT (28 COMPANIES)
TABLE 133 DEPLOYMENT TYPE: COMPANY FOOTPRINT (28 COMPANIES)
TABLE 134 REGION: COMPANY FOOTPRINT (28 COMPANIES)
11.8 COMPETITIVE SCENARIOS AND TRENDS
11.8.1 HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019–OCTOBER 2023
TABLE 135 HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019– OCTOBER 2023
11.8.2 HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019–OCTOBER 2023
TABLE 136 HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019 –OCTOBER 2023
11.8.3 HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023
TABLE 137 HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023
12 COMPANY PROFILES
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 INTRODUCTION
12.2 KEY PLAYERS
12.2.1 THALES GROUP
TABLE 138 THALES GROUP: COMPANY OVERVIEW
FIGURE 51 THALES GROUP: COMPANY SNAPSHOT
TABLE 139 THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 140 THALES GROUP: PRODUCT LAUNCHES
TABLE 141 THALES GROUP: DEALS
12.2.2 UTIMACO
TABLE 142 UTIMACO: COMPANY OVERVIEW
TABLE 143 UTIMACO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 UTIMACO: PRODUCT LAUNCHES
TABLE 145 UTIMACO: DEALS
TABLE 146 UTIMACO: OTHERS
12.2.3 FUTUREX
TABLE 147 FUTUREX: COMPANY OVERVIEW
TABLE 148 FUTUREX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 149 FUTUREX: PRODUCT LAUNCHES
TABLE 150 FUTUREX: DEALS
12.2.4 INFINEON TECHNOLOGIES
TABLE 151 INFINEON TECHNOLOGIES: COMPANY OVERVIEW
FIGURE 52 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 152 INFINEON TECHNOLOGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 153 INFINEON TECHNOLOGIES: PRODUCT LAUNCHES
TABLE 154 INFINEON TECHNOLOGIES: DEALS
12.2.5 IBM
TABLE 155 IBM: COMPANY OVERVIEW
FIGURE 53 IBM: COMPANY SNAPSHOT
TABLE 156 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 157 IBM: DEALS
12.2.6 STMICROELECTRONICS
TABLE 158 STMICROELECTRONICS: COMPANY OVERVIEW
FIGURE 54 STMICROELECTRONICS: COMPANY SNAPSHOT
TABLE 159 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 160 STMICROELECTRONICS: DEALS
12.2.7 MICROCHIP TECHNOLOGY
TABLE 161 MICROCHIP TECHNOLOGY: COMPANY OVERVIEW
FIGURE 55 MICROCHIP TECHNOLOGY: COMPANY SNAPSHOT
TABLE 162 MICROCHIP TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 163 MICROCHIP TECHNOLOGY: PRODUCT LAUNCHES
TABLE 164 MICROCHIP TECHNOLOGY: OTHERS
12.2.8 ATOS SE
TABLE 165 ATOS SE: COMPANY OVERVIEW
FIGURE 56 ATOS SE: COMPANY SNAPSHOT
TABLE 166 ATOS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 167 ATOS SE: PRODUCT LAUNCHES
TABLE 168 ATOS SE: DEALS
12.2.9 YUBICO
TABLE 169 YUBICO: COMPANY OVERVIEW
TABLE 170 YUBICO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 171 YUBICO: PRODUCT LAUNCHES
TABLE 172 YUBICO: DEALS
12.2.10 SWIFT
TABLE 173 SWIFT: COMPANY OVERVIEW
FIGURE 57 SWIFT: COMPANY SNAPSHOT
TABLE 174 SWIFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.3 OTHER PLAYERS
12.3.1 SECUROSYS SA
TABLE 175 SECUROSYS SA: COMPANY OVERVIEW
12.3.2 SPYRUS
TABLE 176 SPYRUS: COMPANY OVERVIEW
12.3.3 LEDGER
TABLE 177 LEDGER: COMPANY OVERVIEW
12.3.4 ULTRA ELECTRONICS
TABLE 178 ULTRA ELECTRONICS: COMPANY OVERVIEW
12.3.5 ADWEBTECH
TABLE 179 ADWEBTECH: COMPANY OVERVIEW
12.3.6 EFFICIENT INDIA
TABLE 180 EFFICIENT INDIA: COMPANY OVERVIEW
12.3.7 LATTICE SEMICONDUCTORS
TABLE 181 LATTICE SEMICONDUCTORS: COMPANY OVERVIEW
12.3.8 ELLIPTICSECURE
TABLE 182 ELLIPTICSECURE: COMPANY OVERVIEW
12.3.9 AMAZON INC.
TABLE 183 AMAZON INC.: COMPANY OVERVIEW
12.3.10 ENTRUST SECURITY
TABLE 184 ENTRUST SECURITY: COMPANY OVERVIEW
12.3.11 ESCRYPT
TABLE 185 ESCRYPT: COMPANY OVERVIEW
12.3.12 BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD
TABLE 186 BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD: COMPANY OVERVIEW
12.3.13 FORTANIX
TABLE 187 FORTANIX: COMPANY OVERVIEW
12.3.14 JISA SOFTECH
TABLE 188 JISA SOFTECH: COMPANY OVERVIEW
12.3.15 MICROSOFT
TABLE 189 MICROSOFT: COMPANY OVERVIEW
12.3.16 NITROKEY
12.3.17 KRYPTOAGILE
12.3.18 KRYPTUS
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
