Hardware Security Modules Market worth 1,101.2 Million USD by 2022

January 25, 2019 MarketsandMarkets Research Pvt Ltd

According to a new market research report "Hardware Security Modules Market by Type (LAN Based, PCIE Based, USB Based), Application (Payment Processing, Authentication, PKI, Code and Document Signing, SSL), Deployment Type, Industry, and Geography - Global Forecast to 2022," The hardware security modules market was valued at USD 520.3 Million in 2016 and is expected to reach USD 1,101.2 Million by 2022, at a CAGR of 12.87% during the forecast period.

Factors such as the increase in data breaches and cyberattacks, mandates for HSM manufacturers to comply with the internal and external privacy and data security regulations, and effective management of cryptographic keys are driving the growth of the hardware security modules market.

Get Free 10% Customization on this Report-https://www.marketsandmarkets.com/requestCustom[...]

The USB-based/portable HSM type is expected to witness a high growth rate during the forecast period

The market for USB-based/portable HSM is expected to grow at the highest CAGR between 2017 and 2022. As USB-based HSMs are portable and easy to deploy without the need for any external hardware or tool, these are expected to be widely adopted in the near future. The features such as built-in PKI, key backup, and open-source middleware tools are expected to increase the demand for USB-based HSMs during the forecast period.

 

Browse and in-depth TOC on “Hardware Security Modules Market”

 

69 – Tables

 

59– Figures

 

149 – Pages

 

View more detailed TOC @

https://www.marketsandmarkets.com/Market-Report[...]

The use of HSMs for the authentication application can reduce fraud and protect users from internet attacks while shopping online or accessing confidential or private information through a web portal or application. It also provides organizations the ability to enforce different levels of authentication, depending on the user activity and transaction value, resulting in the high growth rate of the authentication application during the forecast period.

Latin America is expected to be the fastest-growing market for hardware security modules, followed by APAC during the forecast period. The market in Latin America is expected to grow at the highest rate during the forecast period owing to the formulation of new regulatory compliances and the adoption of modern technologies such as cloud and IoT, creating a huge opportunity for data and information security.

The major players operating in the hardware security modules market include Gemalto NV (Amsterdam), Thales e-Security, Inc. (U.S.), Utimaco GmbH (Germany), International Business Machines Corporation (U.S.), FutureX (U.S.), Hewlett-Packard Enterprise Development LP (U.S.) SWIFT (Belgium), Atos SE (France), Ultra-Electronics (U.K.), and Yubico (U.S.).

Get more insight on other verticals of Semiconductor and Electronics Market Research Reports & Consulting

 

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 full-time analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Contact:

 

Mr. Shelly Singh

 

MarketsandMarkets INC.

 

630 Dundee Road

 

Suite 430

 

Northbrook, IL 60062

 

Usa : 1-888-600-6441

 

Email: newsletter@marketsandmarkets.com

Visit Our Website: https://www.marketsandmarkets.com

Previous Article
Motor Control IC Market to Grow 5.0 Percent Through 2027

This equates to a total addressable market of $6.344 billion at the end of the forecast period, with growth...

Next Article
Saelig Introduces TGF4000 Series 14/16-Bit Advanced Arbitrary Signal Generators With Outputs to 240MHz
Saelig Introduces TGF4000 Series 14/16-Bit Advanced Arbitrary Signal Generators With Outputs to 240MHz

High performance programmable 2-channel 40-240MHz function/arbitrary generators create complex custom low d...

Compare Distributor Pricing & Part Availability

Enter Part Number