Hardware Security Module Market Size, Top Players, and Forecast by 2031
Hardware Security Module Market: Strategic Insights
Hardware Security Module Market
-
CAGR (2023 - 2031)13.9% -
Market Size 2023
US$ 1.36 Billion -
Market Size 2031
US$ 3.85 Billion
Market Dynamics
GROWTH DRIVERS
- Rising cases of data breach and growing adoption of HSM for retail payment transaction
FUTURE TRENDS
- The rising adoption of the 5G network
OPPORTUNITIES
- Growing Adoption of Cloud-based HSMs
Key Players
- Thales
- STMicroelectronics
- Utimaco Management GmbH
- Atos SE
- IBM Corporation
- Futurex
- SWIFT
- Ultra Electronics Holdings plc
- Infineon Technologies AG
- Hewlett Packard Enterprise Development LP
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Solution
- Services
Type
- LAN Based
- PCIe Based
- USB Based
Application
- Payment Processing
- Secure Socket Layer
- Authentication
- Code and Document Signing
- Database Encryption
- Credential Management
- Application-Level Encryption
Industry
- BFSI
- Government
- IT & Telecom
- Healthcare
- Manufacturing
- Retail & Consumer Goods