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Hardware Security Modules (HSM) Industry Research Report 2024

April 2024 | 133 pages | ID: H767F2FBC500EN
APO Research

US$ 2,950.00

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A hardware security module (HSM) is a physical computing device that safeguards and manages digital keys for strong authentication and provides crypto processing. These modules traditionally come in the form of a plug-in card or an external device that attaches directly to a computer or network server.

Hardware Security Modules (HSM) are devices specifically built to create a tamper-resistant environment in which to perform cryptographic processes (e.g. encryption or digital signing) and to manage keys associated with those processes. HSMs often provide cryptographic acceleration that is measured in terms of operations. These devices are used to protect critical data processing activities associated with server based applications and can be used to strongly enforce security policies and access controls. These modules are physical devices that traditionally come in the form of a plug-in card or an external network connected appliance and are often validated against security standards such as FIPS.

This report focus on HSM markets (GP and Payment HSMs) including HSMaaS offering by hyperscalers and MS(S)Ps.

According to APO Research, The global Hardware Security Modules (HSM) market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Hardware Security Modules (HSM) key players include Thales, Entrust Datacard, Utimaco, ATOS SE, Marvell Technology Group, etc. Global top five manufacturers hold a share about 46%. North America is the largest market, with a share about 32%, followed by Asia Pacific and Europe, both have a share over 47 percent. In terms of product, General Purpose HSMs is the largest segment, with a share over 70%. And in terms of application, the largest application is BFSI, followed by Government, etc.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Hardware Security Modules (HSM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hardware Security Modules (HSM).

The Hardware Security Modules (HSM) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Hardware Security Modules (HSM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • Thales
  • Entrust Datacard
  • Utimaco
  • ATOS SE
  • Marvell Technology Group
  • Westone Information Industry Inc
  • Ultra Electronics
  • Synopsys, Inc
  • Futurex
  • Keyou
  • Exceet Secure Solutions GmbH
  • Beijing Dean information technology
  • Securosys
  • Yubico
  • Sansec
Hardware Security Modules (HSM) segment by Type
  • General Purpose HSMs
  • Payment HSMs
  • HSMaaS
Hardware Security Modules (HSM) Segment by Application
  • Industrial and Manufacturing
  • BFSI
  • Government
  • Others
Hardware Security Modules (HSM) Segment by Region
  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Nordic Countries
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia
  • Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of MEA
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Hardware Security Modules (HSM) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Hardware Security Modules (HSM) and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Hardware Security Modules (HSM).

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;

Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 6: Detailed analysis of Hardware Security Modules (HSM) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.

Chapter 13: The main points and conclusions of the report.

Chapter 13: The main points and conclusions of the report.
1 PREFACE

1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
  1.5.1 Secondary Sources
  1.5.2 Primary Sources

2 MARKET OVERVIEW

2.1 Product Definition
2.2 Hardware Security Modules (HSM) by Type
  2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030)
  2.2.2 General Purpose HSMs
  2.2.3 Payment HSMs
  2.2.4 HSMaaS
2.3 Hardware Security Modules (HSM) by Application
  2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
  2.3.2 Industrial and Manufacturing
  2.3.3 BFSI
  2.3.4 Government
  2.3.5 Others
2.4 Assumptions and Limitations

3 HARDWARE SECURITY MODULES (HSM) BREAKDOWN DATA BY TYPE

3.1 Global Hardware Security Modules (HSM) Historic Market Size by Type (2019-2024)
3.2 Global Hardware Security Modules (HSM) Forecasted Market Size by Type (2025-2030)

4 HARDWARE SECURITY MODULES (HSM) BREAKDOWN DATA BY APPLICATION

4.1 Global Hardware Security Modules (HSM) Historic Market Size by Application (2019-2024)
4.2 Global Hardware Security Modules (HSM) Forecasted Market Size by Application (2019-2024)

5 GLOBAL GROWTH TRENDS

5.1 Global Hardware Security Modules (HSM) Market Perspective (2019-2030)
5.2 Global Hardware Security Modules (HSM) Growth Trends by Region
  5.2.1 Global Hardware Security Modules (HSM) Market Size by Region: 2019 VS 2023 VS 2030
  5.2.2 Hardware Security Modules (HSM) Historic Market Size by Region (2019-2024)
  5.2.3 Hardware Security Modules (HSM) Forecasted Market Size by Region (2025-2030)
5.3 Hardware Security Modules (HSM) Market Dynamics
  5.3.1 Hardware Security Modules (HSM) Industry Trends
  5.3.2 Hardware Security Modules (HSM) Market Drivers
  5.3.3 Hardware Security Modules (HSM) Market Challenges
  5.3.4 Hardware Security Modules (HSM) Market Restraints

6 MARKET COMPETITIVE LANDSCAPE BY PLAYERS

6.1 Global Top Hardware Security Modules (HSM) Players by Revenue
  6.1.1 Global Top Hardware Security Modules (HSM) Players by Revenue (2019-2024)
  6.1.2 Global Hardware Security Modules (HSM) Revenue Market Share by Players (2019-2024)
6.2 Global Hardware Security Modules (HSM) Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Hardware Security Modules (HSM) Head office and Area Served
6.4 Global Hardware Security Modules (HSM) Players, Product Type & Application
6.5 Global Hardware Security Modules (HSM) Players, Date of Enter into This Industry
6.6 Global Hardware Security Modules (HSM) Market CR5 and HHI
6.7 Global Players Mergers & Acquisition

7 NORTH AMERICA

7.1 North America Hardware Security Modules (HSM) Market Size (2019-2030)
7.2 North America Hardware Security Modules (HSM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Hardware Security Modules (HSM) Market Size by Country (2019-2024)
7.4 North America Hardware Security Modules (HSM) Market Size by Country (2025-2030)
7.5 United States
7.6 Canada

8 EUROPE

8.1 Europe Hardware Security Modules (HSM) Market Size (2019-2030)
8.2 Europe Hardware Security Modules (HSM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Hardware Security Modules (HSM) Market Size by Country (2019-2024)
8.4 Europe Hardware Security Modules (HSM) Market Size by Country (2025-2030)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Russia
8.10 Nordic Countries

9 ASIA-PACIFIC

9.1 Asia-Pacific Hardware Security Modules (HSM) Market Size (2019-2030)
9.2 Asia-Pacific Hardware Security Modules (HSM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Hardware Security Modules (HSM) Market Size by Country (2019-2024)
9.4 Asia-Pacific Hardware Security Modules (HSM) Market Size by Country (2025-2030)
9.5 China
9.6 Japan
9.7 South Korea
9.8 Southeast Asia
9.9 India
9.10 Australia

10 LATIN AMERICA

10.1 Latin America Hardware Security Modules (HSM) Market Size (2019-2030)
10.2 Latin America Hardware Security Modules (HSM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Hardware Security Modules (HSM) Market Size by Country (2019-2024)
10.4 Latin America Hardware Security Modules (HSM) Market Size by Country (2025-2030)
10.5 Mexico
10.6 Brazil

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Hardware Security Modules (HSM) Market Size (2019-2030)
11.2 Middle East & Africa Hardware Security Modules (HSM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Hardware Security Modules (HSM) Market Size by Country (2019-2024)
11.4 Middle East & Africa Hardware Security Modules (HSM) Market Size by Country (2025-2030)
11.5 Turkey
11.6 Saudi Arabia
11.7 UAE

12 PLAYERS PROFILED

12.1 Thales
  12.1.1 Thales Company Information
  12.1.2 Thales Business Overview
  12.1.3 Thales Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.1.4 Thales Hardware Security Modules (HSM) Product Portfolio
  12.1.5 Thales Recent Developments
12.2 Entrust Datacard
  12.2.1 Entrust Datacard Company Information
  12.2.2 Entrust Datacard Business Overview
  12.2.3 Entrust Datacard Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.2.4 Entrust Datacard Hardware Security Modules (HSM) Product Portfolio
  12.2.5 Entrust Datacard Recent Developments
12.3 Utimaco
  12.3.1 Utimaco Company Information
  12.3.2 Utimaco Business Overview
  12.3.3 Utimaco Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.3.4 Utimaco Hardware Security Modules (HSM) Product Portfolio
  12.3.5 Utimaco Recent Developments
12.4 ATOS SE
  12.4.1 ATOS SE Company Information
  12.4.2 ATOS SE Business Overview
  12.4.3 ATOS SE Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.4.4 ATOS SE Hardware Security Modules (HSM) Product Portfolio
  12.4.5 ATOS SE Recent Developments
12.5 Marvell Technology Group
  12.5.1 Marvell Technology Group Company Information
  12.5.2 Marvell Technology Group Business Overview
  12.5.3 Marvell Technology Group Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.5.4 Marvell Technology Group Hardware Security Modules (HSM) Product Portfolio
  12.5.5 Marvell Technology Group Recent Developments
12.6 Westone Information Industry Inc
  12.6.1 Westone Information Industry Inc Company Information
  12.6.2 Westone Information Industry Inc Business Overview
  12.6.3 Westone Information Industry Inc Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.6.4 Westone Information Industry Inc Hardware Security Modules (HSM) Product Portfolio
  12.6.5 Westone Information Industry Inc Recent Developments
12.7 Ultra Electronics
  12.7.1 Ultra Electronics Company Information
  12.7.2 Ultra Electronics Business Overview
  12.7.3 Ultra Electronics Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.7.4 Ultra Electronics Hardware Security Modules (HSM) Product Portfolio
  12.7.5 Ultra Electronics Recent Developments
12.8 Synopsys, Inc
  12.8.1 Synopsys, Inc Company Information
  12.8.2 Synopsys, Inc Business Overview
  12.8.3 Synopsys, Inc Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.8.4 Synopsys, Inc Hardware Security Modules (HSM) Product Portfolio
  12.8.5 Synopsys, Inc Recent Developments
12.9 Futurex
  12.9.1 Futurex Company Information
  12.9.2 Futurex Business Overview
  12.9.3 Futurex Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.9.4 Futurex Hardware Security Modules (HSM) Product Portfolio
  12.9.5 Futurex Recent Developments
12.10 Keyou
  12.10.1 Keyou Company Information
  12.10.2 Keyou Business Overview
  12.10.3 Keyou Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.10.4 Keyou Hardware Security Modules (HSM) Product Portfolio
  12.10.5 Keyou Recent Developments
12.11 Exceet Secure Solutions GmbH
  12.11.1 Exceet Secure Solutions GmbH Company Information
  12.11.2 Exceet Secure Solutions GmbH Business Overview
  12.11.3 Exceet Secure Solutions GmbH Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.11.4 Exceet Secure Solutions GmbH Hardware Security Modules (HSM) Product Portfolio
  12.11.5 Exceet Secure Solutions GmbH Recent Developments
12.12 Beijing Dean information technology
  12.12.1 Beijing Dean information technology Company Information
  12.12.2 Beijing Dean information technology Business Overview
  12.12.3 Beijing Dean information technology Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.12.4 Beijing Dean information technology Hardware Security Modules (HSM) Product Portfolio
  12.12.5 Beijing Dean information technology Recent Developments
12.13 Securosys
  12.13.1 Securosys Company Information
  12.13.2 Securosys Business Overview
  12.13.3 Securosys Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.13.4 Securosys Hardware Security Modules (HSM) Product Portfolio
  12.13.5 Securosys Recent Developments
12.14 Yubico
  12.14.1 Yubico Company Information
  12.14.2 Yubico Business Overview
  12.14.3 Yubico Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.14.4 Yubico Hardware Security Modules (HSM) Product Portfolio
  12.14.5 Yubico Recent Developments
12.15 Sansec
  12.15.1 Sansec Company Information
  12.15.2 Sansec Business Overview
  12.15.3 Sansec Revenue in Hardware Security Modules (HSM) Business (2019-2024)
  12.15.4 Sansec Hardware Security Modules (HSM) Product Portfolio
  12.15.5 Sansec Recent Developments

13 REPORT CONCLUSION

14 DISCLAIMER



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