世界各国のリアルタイムなデータ・インテリジェンスで皆様をお手伝い

ハードウェアセキュリティモジュール市場:展開タイプ(クラウド、オンプレミス)、タイプ(LANベース/ネットワーク接続、PCIベース/組み込みプラグイン、USBベース/ポータブル、スマートカード)、用途、業種、地域別 - 2028年までの世界予測


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

ハードウェアセキュリティモジュール市場は、2023年の12億米ドルから成長し、2028年には23億米ドルに達すると予測されている。 ハードウェア・セキュリティ・モジュール市場の成長を牽引しているのは、データ漏... もっと見る

 

 

出版社 出版年月 電子版価格 ページ数 図表数 言語
MarketsandMarkets
マーケッツアンドマーケッツ
2023年12月20日 US$4,950
シングルユーザライセンス
ライセンス・価格情報・注文方法はこちら
275 464 英語

日本語のページは自動翻訳を利用し作成しています。


 

サマリー

ハードウェアセキュリティモジュール市場は、2023年の12億米ドルから成長し、2028年には23億米ドルに達すると予測されている。
ハードウェア・セキュリティ・モジュール市場の成長を牽引しているのは、データ漏洩やサイバー攻撃の増加、データ・セキュリティに関する厳格なコンプライアンス遵守の必要性、デジタル取引や電子決済の台頭により、機密性の高い金融データを保護する必要性が高まっていることである。しかし、ハードウェア・セキュリティ・モジュールに関連する所有コストが高いことが、ハードウェア・セキュリティ・モジュール市場の成長を制限している。
「予測期間中、USBベース/ポータブルHSMが最も高い成長を遂げる。
USBベース/ポータブルハードウェアセキュリティモジュールセグメントは、予測期間中にハードウェアセキュリティモジュールで最も高い成長を目撃すると予想されている。これは、USBベースのHSMが低コスト、コンパクトサイズ、携帯性に優れているため、ユーザーの間で需要が高まっていることに起因しています。USBベースのモジュールは小型で持ち運びが可能なため、コーディングや署名、デジタル署名、セキュアなキー・ストレージなど、さまざまな機能に導入することができる。暗号化と鍵保護が可能で、認証局や開発、BYOD(Bring Your Own Device)環境でのオフライン鍵生成に最適です。これらのモジュールは、優れたセキュリティ、コスト効率、導入の容易さを提供するため、あらゆる業界で好まれています。それゆえ、USBを搭載したHSMは、政府機関や金融機関において、データ、アプリケーション、アイデンティティのセキュリティを確保し、リスクの可能性を低減し、規制コンプライアンスを確保するために広く使用されています。さらに、USB接続により、このようなモジュールはラップトップ、デスクトップ、ワークステーションでの使用に適しています。一体型リーダーを使用することで、これらのモジュールは、スペースが限られている状況や、頻繁に使用しなければならない状況にとって理想的なものとなります。

「予測期間中、クラウド展開はオンプレミスセグメントに比べて高い成長を示すと予想される。
クラウド展開セグメントは、予測期間中、オンプレミスセグメントと比較して高い成長を示すと予想される。クラウド型HSMは、暗号化処理を実行する能力を持ち、職務の分離により鍵の絶対的な管理を顧客に提供する。さらに、クラウドベースのHSMは、ハードウェア・セキュリティ・モジュールの容量をオンデマンドで追加・削除できるため、ユーザーは初期費用をかけずに迅速に拡張できる。これらのHSMは、クラウド上で独自の暗号鍵を生成することができる。クラウドHSMは、APIやJava Cryptographic Extensionなどのアプリケーションと統合する柔軟性も提供する。


「予測期間中、セキュア・ソケット・レイヤー(SSL)とトランスポート・レイヤー・セキュリティ(TLS)のアプリケーション・セグメントがハードウェア・セキュリティ・モジュール市場で最も高い成長を示す"
セキュア・ソケット・レイヤー(SSL)およびトランスポート・レイヤー・セキュリティ(TLS)アプリケーション分野は、予測期間中、年平均成長率(CAGR)(15.7%)で最も高い成長を示すと予測されている。HSMは、暗号操作と通信のための安全な境界を作るように設計されている。そのため、この機能は、組み込みシステム内の異なるコンポーネント間の通信が行われるセキュアなオンボード通信(センサー/アクチュエーターとマイクロプロセッサー間の通信など)に非常に有効です。主なセキュア通信プロトコル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)。HSMは、SSL/TLSプロトコルで使用される暗号鍵を保管・管理します。これには、サーバー認証やデジタル署名に使用される秘密鍵が含まれます。鍵がHSMから離れることはないため、不正アクセスから確実に保護されます。HSMは、SSL/TLSハンドシェイク・プロセスを含む暗号処理を高速化するように設計されています。これにより、SSL/TLS接続の全体的なパフォーマンスが向上します。

「アジア太平洋地域は、予測期間中にハードウェアセキュリティモジュール市場で大きな成長を遂げる」 アジア太平洋地域は、予測期間中にハードウェアセキュリティモジュール市場で大きな成長を遂げる見込みである。世界の経済大国トップ10のうち、中国、インド、日本の3カ国が存在するため、市場成長の可能性が高い。事業部門を多様化するメーカーの増加により、ハードウェア・セキュリティ・モジュールの需要が増加している。この地域の国々では、企業によるハードウェア・セキュリティ・モジュールの導入が急速に進んでおり、市場の成長に大きく貢献している。そのため、この地域の技術ベンダーは、カードのスキミングやID窃盗行為を阻止するためのHSMソリューションを発表している。この地域の組織の継続的な顧客基盤の拡大が、アジア太平洋地域のハードウェア・セキュリティ・モジュール市場の成長に拍車をかけている。
アジア太平洋地域の国々では、企業によるハードウェア・セキュリティ・モジュールの導入が急速に進んでおり、市場の成長に大きく貢献しています。
二次調査を通じて収集したいくつかのセグメントとサブセグメントの市場規模を決定・検証する過程で、ハードウェアセキュリティモジュール分野の主要な業界専門家と広範な一次インタビューを実施した。本レポートの主要参加者の内訳は以下の通りである:
企業タイプ別企業タイプ別:Tier 1 - 40%、Tier 2 - 40%、Tier 3 - 20%:地域別:北米 -30%、欧州 -20%:北米:30%、欧州:20%、アジア太平洋地域:40%、その他の地域:10
本レポートでは、ハードウェアセキュリティモジュール市場の主要プレイヤーを、それぞれの市場ランキング分析とともに紹介しています。本レポートに掲載されている主要企業には、Thales(フランス)、Utimaco(ドイツ)、International Business Machines Corporation(IBM)(米国)、STMicroelectronics(スイス)、Microchip Technology(米国)、Infineon Technologies(ドイツ)が含まれます、Swift(米)、Futurex(米)、Atos SE(仏)、Yubico(米)、Securosys(スイス)、SPYRUS(米)、Ledger(仏)、Ultra Electronics(英)、AdwebTech(印)、Efficient India(印)、Lattice Semiconductor(米)、Ellipticsecure(英)、Amazon Inc.(米国)、Entrust Security(米国)、ESCRYPT(ドイツ)、Beijing Sansec Technology Development Co、Ltd(SANSEC)(中国)、Fortanix(米国)、JISA Softech(インド)、Microsoft(米国)、Nitrokey(ドイツ)、Kryptoagile(インド)、Kryptus(ブラジル)。

調査範囲この調査レポートは、ハードウェアセキュリティモジュール市場を展開タイプ、種類、用途、垂直、地域に基づいて分類しています。また、ハードウェアセキュリティモジュール市場に関連する主な促進要因、阻害要因、課題、機会について記載し、2028年まで予測します。これらとは別に、本レポートはハードウェアセキュリティモジュール市場のエコシステムに含まれるすべての企業のリーダーシップマッピングと分析でも構成されています。
レポート購入の主なメリット
本レポートは、ハードウェアセキュリティモジュール市場全体とサブセグメントの収益数の最も近い近似値に関する情報を提供し、この市場の市場リーダー/新規参入者を支援します。本レポートは、利害関係者が競争状況を理解し、自社のビジネスをより良く位置づけ、適切な市場参入戦略を計画するためのより多くの洞察を得るのに役立ちます。また、市場の鼓動を理解し、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供します。本レポートでは、以下のポイントに関する洞察を提供しています:
- 主な促進要因(データ漏洩やサイバー攻撃の増加、厳格なデータセキュリティ準拠の必要性、暗号鍵の効果的な管理の必要性、デジタルトランザクションの出現、機密性の高い金融データ保護の必要性上昇につながる電子決済)、阻害要因(ハードウェアセキュリティモジュールに関連する所有コストの高さ、ハードウェア・セキュリティ・モジュール市場の成長に影響を与える機会(クラウド環境におけるデータ・セキュリティ需要の増加、スマートシティにおけるコネクテッド・デバイスとモノのインターネット(IoT)技術の採用の増加、世界的な5Gネットワークの普及、ヘルスケア産業における採用の増加、ブロックチェーンと暗号通貨の採用)。
- 製品開発/イノベーション:ハードウェアセキュリティモジュール市場における今後の技術、研究開発活動、新製品・サービス発表に関する詳細な洞察。市場開発:有利な市場に関する包括的な情報 - レポートでは、さまざまな地域のハードウェアセキュリティモジュール市場を分析しています。
- 市場の多様化:ハードウェアセキュリティモジュール市場における新製品&サービス、未開拓の地域、最近の開発、投資に関する詳細な情報を提供します。
- 競合評価:Thales (仏) Utimaco (独), International Business Machines Corporation (IBM) (米), Futurex (米), Infineon Technologies (独) など、ハードウェアセキュリティモジュール市場における主要企業の市場シェア、成長戦略、サービス内容を詳細に評価します。

ページTOPに戻る


目次

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 INCLUSIONS AND EXCLUSIONS 33
1.3.1 HARDWARE SECURITY MODULES MARKET, BY COMPANY 33
1.3.2 HARDWARE SECURITY MODULES MARKET, BY TYPE 33
1.3.3 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE 34
1.3.4 HARDWARE SECURITY MODULES MARKET, BY APPLICATION 34
1.3.5 HARDWARE SECURITY MODULES MARKET, BY VERTICAL 34
1.3.6 HARDWARE SECURITY MODULES MARKET, BY REGION 35
1.4 STUDY SCOPE 35
1.4.1 MARKETS COVERED 35
FIGURE 1 HARDWARE SECURITY MODULES MARKET SEGMENTATION 35
1.4.2 REGIONAL SCOPE 36
1.4.3 YEARS CONSIDERED 36
1.5 CURRENCY CONSIDERED 37
1.6 UNITS CONSIDERED 37
1.7 LIMITATIONS 37
1.8 STAKEHOLDERS 37
1.9 SUMMARY OF CHANGES 38
1.10 RECESSION IMPACT 38
FIGURE 2 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 3 HARDWARE SECURITY MODULES MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.1.1 Major secondary sources 41
2.1.1.2 Key data from secondary sources 41
2.1.2 PRIMARY DATA 42
2.1.2.1 Primary data sources 42
2.1.2.2 Breakdown of primaries 42
2.1.2.3 Key industry insights 43
2.2 MARKET SIZE ESTIMATION 43
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS 44
2.2.1 BOTTOM-UP APPROACH 44
2.2.1.1 Capturing market size using bottom-up approach (demand side) 45
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 45

2.2.2 TOP-DOWN APPROACH 45
2.2.2.1 Capturing market size using top-down approach (supply side) 46
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 46
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 47
FIGURE 7 DATA TRIANGULATION 47
2.4 GROWTH RATE ASSUMPTIONS/FORECAST 48
2.5 RESEARCH ASSUMPTIONS 49
2.6 RISK ASSESSMENT 49
2.7 RECESSION IMPACT ANALYSIS 50
TABLE 1 ASSUMPTIONS: RECESSION IMPACT 50
2.8 RESEARCH LIMITATIONS 51
3 EXECUTIVE SUMMARY 52
FIGURE 8 LAN-BASED/NETWORK-ATTACHED SEGMENT TO LEAD MARKET FROM 2023 TO 2028 53
FIGURE 9 CLOUD SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD 53
FIGURE 10 PAYMENT PROCESSING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028 54
FIGURE 11 BFSI SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 55
FIGURE 12 EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HARDWARE SECURITY MODULES MARKET 57
FIGURE 13 RISING DEMAND FOR CLOUD-BASED HARDWARE SECURITY MODULES DUE TO DIGITIZATION OF BANKING PROCESSES 57
4.2 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE 58
FIGURE 14 CLOUD SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028 58
4.3 HARDWARE SECURITY MODULES MARKET, BY APPLICATION 58
FIGURE 15 PAYMENT PROCESSING APPLICATION TO LEAD MARKET DURING FORECAST PERIOD 58
4.4 HARDWARE SECURITY MODULES MARKET, BY VERTICAL 59
FIGURE 16 MEDICAL & LIFE SCIENCES VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 59
4.5 HARDWARE SECURITY MODULES MARKET, BY TYPE 59
FIGURE 17 USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 59
4.6 HARDWARE SECURITY MODULES MARKET, BY VERTICAL AND REGION 60
FIGURE 18 BFSI SEGMENT AND EUROPE ACCOUNTED FOR LARGEST MARKET SHARES IN 2022 60
4.7 HARDWARE SECURITY MODULES MARKET, BY REGION 60
FIGURE 19 NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 60
4.8 HARDWARE SECURITY MODULES MARKET, BY KEY COUNTRY 61
FIGURE 20 ITALY TO DOMINATE MARKET DURING FORECAST PERIOD 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 62
FIGURE 21 HARDWARE SECURITY MODULES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 62
5.2.1 DRIVERS 63
FIGURE 22 HARDWARE SECURITY MODULES MARKET: DRIVERS AND THEIR IMPACT 63
5.2.1.1 Increased frequency of data breaches and cyberattacks 63
FIGURE 23 NUMBER OF CYBERATTACKS IN US, 2015–2022 64
5.2.1.2 Stringent data security compliances 64
5.2.1.3 Adoption of holistic approach for effective management of cryptographic keys 64
5.2.1.4 Widespread adoption of digital payment methods 65
5.2.2 RESTRAINTS 66
FIGURE 24 HARDWARE SECURITY MODULES MARKET: RESTRAINTS AND THEIR IMPACT 66
5.2.2.1 High ownership costs associated with hardware security modules 66
5.2.3 OPPORTUNITIES 67
FIGURE 25 HARDWARE SECURITY MODULES MARKET: OPPORTUNITIES AND THEIR IMPACT 67
5.2.3.1 Surging demand for cloud data security 68
5.2.3.2 Increasing deployment of connected devices and Internet of Things (IoT) technology in smart cities 69
5.2.3.3 Proliferation of 5G networks worldwide 69
5.2.3.4 Rising implementation of security modules in healthcare industry 70
5.2.3.5 Growing adoption of blockchain and cryptocurrencies 70
5.2.4 CHALLENGES 71
FIGURE 26 HARDWARE SECURITY MODULES MARKET: CHALLENGES AND THEIR IMPACT 71
5.2.4.1 Identification and protection of sensitive data 71
5.2.4.2 Complexities associated with HSM integration process 72
5.2.4.3 Need to incorporate advanced technologies to mitigate cyber threats and protect sensitive data 72
5.3 VALUE CHAIN ANALYSIS 73
FIGURE 27 HARDWARE SECURITY MODULES MARKET: VALUE CHAIN ANALYSIS 73
5.3.1 R&D ENGINEERS AND PROTYPE DESIGNERS 73
5.3.2 RAW MATERIAL SUPPLIERS 73
5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS 73
5.3.4 SYSTEM INTEGRATORS 74
5.3.5 SUPPLIERS AND DISTRIBUTORS 74
5.3.6 VERTICALS 74
5.4 ECOSYSTEM ANALYSIS 74
TABLE 2 KEY PARTICIPANTS AND THEIR ROLE IN ECOSYSTEM 74
FIGURE 28 KEY PLAYERS IN HARDWARE SECURITY MODULES ECOSYSTEM 75

5.5 TECHNOLOGY ANALYSIS 76
5.5.1 KEY TECHNOLOGY TRENDS 76
5.5.1.1 Virtualization of HSMs 76
5.5.1.2 Incorporation of AI and ML technologies into HSMs 76
5.5.1.3 Integration of hardware security modules into contactless smart cards 76
5.5.2 ADJACENT TECHNOLOGY TRENDS 76
5.5.2.1 Commercialization of Internet of Things (IoT) 76
5.5.2.2 Utilization of blockchain and distributed ledger technologies 77
5.5.2.3 Trend of digital signature 77
5.6 AVERAGE SELLING PRICE ANALYSIS 78
TABLE 3 PRICING ANALYSIS OF HARDWARE SECURITY MODULES, 2022 78
5.6.1 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE 79
FIGURE 29 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE 79
TABLE 4 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE 80
FIGURE 30 AVERAGE SELLING PRICE (USD) OF HARDWARE SECURITY MODULES 80
5.7 PATENT ANALYSIS 80
TABLE 5 PATENTS RELATED TO HARDWARE SECURITY MODULES MARKET 80
TABLE 6 TOP 20 PATENT OWNERS IN HARDWARE SECURITY MODULES MARKET, 2013–2023 83
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 84
FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2023 84
5.8 IMPORT/EXPORT SCENARIOS, BY HS CODE 84
TABLE 7 IMPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2018–2022 (USD MILLION) 85
TABLE 8 EXPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2018–2022 (USD MILLION) 85
5.9 TARIFFS 86
TABLE 9 MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY US 86
TABLE 10 MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY CHINA 86
5.10 REGULATORY LANDSCAPE AND STANDARDS 86
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 14 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88

5.10.2 GLOBAL REGULATIONS: FRAUD PREVENTION AND STANDARDIZATION 88
5.10.3 NORTH AMERICA: CONSUMER PROTECTION 89
5.10.4 EUROPE: STANDARDIZATION OF PAYMENTS 90
5.10.5 ASIA PACIFIC: DOMESTIC PAYMENT NETWORKS 91
5.11 PORTER’S FIVE FORCES ANALYSIS 91
FIGURE 33 HARDWARE SECURITY MODULES MARKET: PORTER’S FIVE FORCES ANALYSIS 92
TABLE 15 IMPACT OF PORTER’S FIVE FORCES ON MARKET 92
5.11.1 THREAT OF NEW ENTRANTS 93
5.11.2 THREAT OF SUBSTITUTES 93
5.11.3 BARGAINING POWER OF SUPPLIERS 93
5.11.4 BARGAINING POWER OF BUYERS 93
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 93
5.12 CASE STUDY ANALYSIS 94
5.12.1 POMELO ACQUIRED HSM SOLUTIONS FROM FUTUREX TO DEPLOY IN CLOUD 94
5.12.2 MAJOR ISRAELI BANK APPROACHED STANCHION AND FUTUREX FOR SECURE PAYMENT ENVIRONMENTS 94
5.12.3 NCC BANK OF BANGLADESH ENSURED REAL-TIME BINIMOY TRANSACTIONS WITH THALES LUNA HSMS 95
5.12.4 TREEZOR DEPLOYED CLOUD HSM FROM THALES TO SECURE PAYMENT CHAIN 95
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 96
TABLE 16 HARDWARE SECURITY MODULES MARKET: KEY CONFERENCES AND EVENTS 96
5.14 KEY STAKEHOLDERS AND BUYING PROCESS 97
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 97
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 97
TABLE 17 IMPACT OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%) 97
5.14.2 BUYING CRITERIA 98
FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 98
TABLE 18 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 98
5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 99
FIGURE 36 REVENUE SHIFT AND NEW REVENUE POCKETS IN HARDWARE SECURITY MODULES MARKET 99
6 HARDWARE SECURITY MODULES MARKET, BY TYPE 100
6.1 INTRODUCTION 101
FIGURE 37 USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 101
TABLE 19 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 101
TABLE 20 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 102
TABLE 21 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (THOUSAND UNITS) 102
TABLE 22 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (THOUSAND UNITS) 103
6.2 LAN-BASED/NETWORK-ATTACHED 103
6.2.1 EFFICIENCY AND RESILIENCE OF HARDWARE SECURITY MODULES TO DRIVE MARKET 103
TABLE 23 LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 104
TABLE 24 LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET BY REGION, 2023–2028 (USD MILLION) 104
6.3 PCI-BASED/EMBEDDED PLUGIN 104
6.3.1 ENHANCED FOCUS ON SYSTEM SECURITY AND SOFTWARE CONTROL TO FUEL DEMAND 104
TABLE 25 PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 105
TABLE 26 PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 105
6.4 USB-BASED/PORTABLE 105
6.4.1 GROWING IMPLEMENTATION OF PORTABLE HSMS IN LOW-VOLUME TRANSACTION ENVIRONMENTS TO DRIVE MARKET 105
TABLE 27 USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 106
TABLE 28 USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 106
6.5 SMART CARDS 107
6.5.1 INDISPENSABLE NEED TO MITIGATE CYBER RISKS TO FUEL SEGMENTAL GROWTH 107
TABLE 29 SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 107
TABLE 30 SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 108
7 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE 109
7.1 INTRODUCTION 110
FIGURE 38 CLOUD SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD 110
TABLE 31 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 110
TABLE 32 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 110
7.2 ON-PREMISES 111
7.2.1 PREFERENCE FOR COMPLETE CONTROL OF DATA AND INFRASTRUCTURE MANAGEMENT TO FOSTER SEGMENTAL GROWTH 111
TABLE 33 ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 112
TABLE 34 ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 113

7.3 CLOUD 113
7.3.1 COST-EFFECTIVENESS OF CLOUD-BASED HARDWARE SECURITY MODULES TO BOOST DEMAND 113
TABLE 35 CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 114
TABLE 36 CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 115
8 HARDWARE SECURITY MODULES MARKET, BY VERTICAL 116
8.1 INTRODUCTION 117
FIGURE 39 BFSI VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 117
TABLE 37 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 117
TABLE 38 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 118
8.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 118
8.2.1 PRESSING NEED TO MITIGATE RISK OF ONLINE FINANCIAL FRAUDS TO BOOST DEMAND 118
TABLE 39 BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 119
TABLE 40 BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 120
TABLE 41 BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 120
TABLE 42 BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 120
8.3 IT & TELECOMMUNICATIONS 120
8.3.1 SIGNIFICANT FOCUS ON 5G INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET 120
TABLE 43 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 44 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 122
TABLE 45 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 122
TABLE 46 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 122
8.4 PUBLIC SECTOR/GOVERNMENT 123
8.4.1 RISING NEED FOR PROLONGED DATA PROTECTION TO DRIVE MARKET 123
TABLE 47 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 124
TABLE 48 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 124
TABLE 49 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 124
TABLE 50 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 125
8.5 INDUSTRIAL MANUFACTURING 125
8.5.1 ADOPTION OF HARDWARE SECURITY MODULES FOR DATA EXCHANGE TO DRIVE MARKET 125
TABLE 51 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 126
TABLE 52 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 126
TABLE 53 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 126
TABLE 54 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 126
8.6 ENERGY & POWER 127
8.6.1 INTEGRATION OF HARDWARE SECURITY MODULES INTO CRITICAL INFRASTRUCTURES TO ENHANCE SECURITY PROTOCOLS 127
TABLE 55 ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 128
TABLE 56 ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 128
TABLE 57 ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 128
TABLE 58 ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 129
8.7 CONSUMER GOODS & RETAIL 129
8.7.1 NEED FOR SECURING PROPRIETARY INFORMATION TO DRIVE MARKET 129
TABLE 59 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 60 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 130
TABLE 61 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 131
TABLE 62 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 131
8.8 MEDICAL & LIFE SCIENCES 131
8.8.1 INCREASING NEED FOR SECURITY AGAINST CYBER THREATS TO DRIVE MARKET 131
TABLE 63 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 133
TABLE 64 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 133
TABLE 65 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 133
TABLE 66 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 133
8.9 AEROSPACE & DEFENSE 134
8.9.1 INCREASING USE OF HARDWARE SECURITY MODULES TO SAFEGUARD CRITICAL DATA 134
TABLE 67 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 134
TABLE 68 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 135
TABLE 69 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 135
TABLE 70 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 135
8.10 TRANSPORTATION 135
8.10.1 TECHNOLOGICAL ADVANCEMENTS IN CONNECTED CARS TO DRIVE MARKET 135
TABLE 71 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 137
TABLE 72 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 137
TABLE 73 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 137
TABLE 74 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 138
9 HARDWARE SECURITY MODULES MARKET, BY APPLICATION 139
9.1 INTRODUCTION 140
FIGURE 40 SSL AND TLS SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 140
TABLE 75 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 140
TABLE 76 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 141
9.2 PAYMENT PROCESSING 142
9.2.1 HIGH DEMAND FOR SECURE PAYMENT PROCESSING METHODS TO DRIVE MARKET 142
TABLE 77 PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 143
TABLE 78 PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 143
9.3 CODE AND DOCUMENT SIGNING 143
9.3.1 URGENT NEED FOR TAMPER-RESISTANT HARDWARE-BASED SOLUTIONS TO PROPEL MARKET 143
TABLE 79 CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 144
TABLE 80 CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 144
9.4 SECURITY SOCKETS LAYER AND TRANSPORT SECURITY LAYER 145
9.4.1 INCREASED DEMAND FOR SSL AND TSL IN IT & TELECOMMUNICATIONS VERTICAL TO DRIVE MARKET 145
TABLE 81 SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 145
TABLE 82 SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 145

9.5 AUTHENTICATION 146
9.5.1 GROWING NEED FOR HARDWARE SECURITY MODULES IN AUTHENTICATION APPLICATIONS TO FUEL MARKET 146
TABLE 83 AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 146
TABLE 84 AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 147
9.6 DATABASE ENCRYPTION 147
9.6.1 PRESSING NEED FOR PROTECTING DATABASES FROM UNAUTHORIZED ACCESS TO FUEL DEMAND FOR ENCRYPTION 147
TABLE 85 DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 148
TABLE 86 DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 148
9.7 PUBLIC KEY INFRASTRUCTURE AND CREDENTIAL MANAGEMENT 148
9.7.1 INCREASING DEMAND FOR SECURITY MODULES IN CREDENTIAL MANAGEMENT TO ENABLE SAFE DATA TRANSMIT 148
TABLE 87 PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 149
TABLE 88 PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 149
9.8 APPLICATION-LEVEL ENCRYPTION 150
9.8.1 ENHANCED EFFICIENCY AND ACCURACY OF APPLICATION-LEVEL ENCRYPTION TO DRIVE MARKET 150
TABLE 89 APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 150
TABLE 90 APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 150
10 HARDWARE SECURITY MODULES MARKET, BY REGION 151
10.1 INTRODUCTION 152
FIGURE 41 HARDWARE SECURITY MODULES MARKET, BY REGION 152
FIGURE 42 EUROPE TO LEAD MARKET DURING FORECAST PERIOD 152
TABLE 91 HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 152
TABLE 92 HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 153
10.2 NORTH AMERICA 153
10.2.1 NORTH AMERICA: RECESSION IMPACT 154
FIGURE 43 NORTH AMERICA: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET 155
TABLE 93 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 155
TABLE 94 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 156
TABLE 95 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 156
TABLE 96 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 156
TABLE 97 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 157
TABLE 98 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 157
TABLE 99 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 157
TABLE 100 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 158
10.2.2 US 158
10.2.2.1 Wide adoption of communication devices to fuel demand 158
10.2.3 CANADA 159
10.2.3.1 Rising number of cyberattacks to fuel demand for security modules 159
10.2.4 MEXICO 160
10.2.4.1 Urgent demand for improved network security in automobile manufacturing plants to drive market 160
10.3 EUROPE 160
10.3.1 EUROPE: RECESSION IMPACT 161
FIGURE 44 EUROPE: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET 162
TABLE 101 EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 163
TABLE 102 EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 163
TABLE 103 EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 164
TABLE 104 EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 164
TABLE 105 EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 164
TABLE 106 EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 165
TABLE 107 EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 165
TABLE 108 EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 165
10.3.2 GERMANY 166
10.3.2.1 High deployment of hardware security modules in automotive industry to drive market 166
10.3.3 UK 166
10.3.3.1 Increasing use of advanced interconnected technologies to drive market 166
10.3.4 FRANCE 167
10.3.4.1 Wide use of HSMs in aerospace & defense sector to drive market 167
10.3.5 ITALY 167
10.3.5.1 Pressing need for security measures to fuel market 167

10.3.6 NETHERLANDS 168
10.3.6.1 Innovation in digital technologies to propel market 168
10.3.7 RUSSIA 168
10.3.7.1 Rapid establishment of manufacturing units to drive market 168
10.3.8 REST OF EUROPE 169
10.4 ASIA PACIFIC 169
10.4.1 ASIA PACIFIC: RECESSION IMPACT 170
FIGURE 45 ASIA PACIFIC: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET 171
TABLE 109 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 171
TABLE 110 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 172
TABLE 111 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 172
TABLE 112 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 173
TABLE 113 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 173
TABLE 114 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 173
TABLE 115 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 174
TABLE 116 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 174
10.4.2 CHINA 174
10.4.2.1 Growing security concerns to drive demand for digital solutions 174
10.4.3 JAPAN 175
10.4.3.1 Established automobile sector to drive market 175
10.4.4 INDIA 176
10.4.4.1 Rising initiative for foreign direct investments to boost market 176
10.4.5 SOUTH KOREA 176
10.4.5.1 Growing need for enhanced security measures to drive market 176
10.4.6 AUSTRALIA 177
10.4.6.1 High demand for mobile security solutions to drive market 177
10.4.7 REST OF ASIA PACIFIC 177
10.5 ROW 178
10.5.1 ROW: RECESSION IMPACT 178
FIGURE 46 ROW: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET 179
TABLE 117 ROW: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 179
TABLE 118 ROW: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 180
TABLE 119 MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 180
TABLE 120 MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 180
TABLE 121 ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 181
TABLE 122 ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 181
TABLE 123 ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 181
TABLE 124 ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 182
TABLE 125 ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 182
TABLE 126 ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 182
10.5.2 SOUTH AMERICA 183
10.5.2.1 Brazil 183
10.5.2.1.1 Booming healthcare sector to boost market 183
10.5.2.2 Argentina 183
10.5.2.2.1 Government initiatives to tackle global volatility and uncertainty to fuel economic growth 183
10.5.2.3 Rest of South America 184
10.5.3 MIDDLE EAST & AFRICA 184
10.5.3.1 GCC Countries 185
10.5.3.1.1 Growing investments in networking infrastructure to boost market 185
10.5.3.2 Rest of Middle East & Africa 185
11 COMPETITIVE LANDSCAPE 186
11.1 OVERVIEW 186
11.1.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 186
TABLE 127 OVERVIEW OF KEY GROWTH STRATEGIES ADOPTED BY MAJOR COMPANIES 186
11.2 REVENUE ANALYSIS OF KEY PLAYERS 189
FIGURE 47 FIVE-YEAR REVENUE SNAPSHOT OF KEY COMPANIES 189
11.3 MARKET SHARE ANALYSIS 189
TABLE 128 HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS 189
FIGURE 48 HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS 190
11.4 COMPANY EVALUATION MATRIX 192
11.4.1 STARS 192
11.4.2 EMERGING LEADERS 192
11.4.3 PERVASIVE PLAYERS 192
11.4.4 PARTICIPANTS 193
FIGURE 49 HARDWARE SECURITY MODULES MARKET: (GLOBAL) COMPANY EVALUATION MATRIX, 2022 193
11.5 START-UP/SME EVALUATION MATRIX 194
11.5.1 PROGRESSIVE COMPANIES 194
11.5.2 RESPONSIVE COMPANIES 194

11.5.3 DYNAMIC COMPANIES 194
11.5.4 STARTING BLOCKS 194
FIGURE 50 HARDWARE SECURITY MODULES MARKET: (GLOBAL) START-UP/SME EVALUATION MATRIX, 2022 195
11.6 COMPETITIVE BENCHMARKING 196
TABLE 129 HARDWARE SECURITY MODULES MARKET: KEY START-UP/SMES 196
TABLE 130 HARDWARE SECURITY MODULES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UP/SMES 197
11.7 COMPANY FOOTPRINT 197
TABLE 131 OVERALL COMPANY FOOTPRINT (28 COMPANIES) 197
TABLE 132 TYPE: COMPANY FOOTPRINT (28 COMPANIES) 198
TABLE 133 DEPLOYMENT TYPE: COMPANY FOOTPRINT (28 COMPANIES) 199
TABLE 134 REGION: COMPANY FOOTPRINT (28 COMPANIES) 201
11.8 COMPETITIVE SCENARIOS AND TRENDS 202
11.8.1 HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019–OCTOBER 2023 202
TABLE 135 HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019– OCTOBER 2023 202
11.8.2 HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019–OCTOBER 2023 205
TABLE 136 HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019 –OCTOBER 2023 205
11.8.3 HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023 213
TABLE 137 HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023 213
12 COMPANY PROFILES 214
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 INTRODUCTION 214
12.2 KEY PLAYERS 215
12.2.1 THALES GROUP 215
TABLE 138 THALES GROUP: COMPANY OVERVIEW 215
FIGURE 51 THALES GROUP: COMPANY SNAPSHOT 216
TABLE 139 THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 140 THALES GROUP: PRODUCT LAUNCHES 218
TABLE 141 THALES GROUP: DEALS 219
12.2.2 UTIMACO 222
TABLE 142 UTIMACO: COMPANY OVERVIEW 222
TABLE 143 UTIMACO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222
TABLE 144 UTIMACO: PRODUCT LAUNCHES 224
TABLE 145 UTIMACO: DEALS 224
TABLE 146 UTIMACO: OTHERS 228

12.2.3 FUTUREX 229
TABLE 147 FUTUREX: COMPANY OVERVIEW 229
TABLE 148 FUTUREX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 149 FUTUREX: PRODUCT LAUNCHES 230
TABLE 150 FUTUREX: DEALS 230
12.2.4 INFINEON TECHNOLOGIES 233
TABLE 151 INFINEON TECHNOLOGIES: COMPANY OVERVIEW 233
FIGURE 52 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT 234
TABLE 152 INFINEON TECHNOLOGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 234
TABLE 153 INFINEON TECHNOLOGIES: PRODUCT LAUNCHES 235
TABLE 154 INFINEON TECHNOLOGIES: DEALS 236
12.2.5 IBM 239
TABLE 155 IBM: COMPANY OVERVIEW 239
FIGURE 53 IBM: COMPANY SNAPSHOT 240
TABLE 156 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 241
TABLE 157 IBM: DEALS 242
12.2.6 STMICROELECTRONICS 244
TABLE 158 STMICROELECTRONICS: COMPANY OVERVIEW 244
FIGURE 54 STMICROELECTRONICS: COMPANY SNAPSHOT 245
TABLE 159 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 245
TABLE 160 STMICROELECTRONICS: DEALS 246
12.2.7 MICROCHIP TECHNOLOGY 247
TABLE 161 MICROCHIP TECHNOLOGY: COMPANY OVERVIEW 247
FIGURE 55 MICROCHIP TECHNOLOGY: COMPANY SNAPSHOT 248
TABLE 162 MICROCHIP TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 163 MICROCHIP TECHNOLOGY: PRODUCT LAUNCHES 249
TABLE 164 MICROCHIP TECHNOLOGY: OTHERS 249
12.2.8 ATOS SE 250
TABLE 165 ATOS SE: COMPANY OVERVIEW 250
FIGURE 56 ATOS SE: COMPANY SNAPSHOT 251
TABLE 166 ATOS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251
TABLE 167 ATOS SE: PRODUCT LAUNCHES 252
TABLE 168 ATOS SE: DEALS 253
12.2.9 YUBICO 254
TABLE 169 YUBICO: COMPANY OVERVIEW 254
TABLE 170 YUBICO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 171 YUBICO: PRODUCT LAUNCHES 255
TABLE 172 YUBICO: DEALS 256
12.2.10 SWIFT 257
TABLE 173 SWIFT: COMPANY OVERVIEW 257
FIGURE 57 SWIFT: COMPANY SNAPSHOT 257
TABLE 174 SWIFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
12.3 OTHER PLAYERS 259
12.3.1 SECUROSYS SA 259
TABLE 175 SECUROSYS SA: COMPANY OVERVIEW 259
12.3.2 SPYRUS 260
TABLE 176 SPYRUS: COMPANY OVERVIEW 260
12.3.3 LEDGER 261
TABLE 177 LEDGER: COMPANY OVERVIEW 261
12.3.4 ULTRA ELECTRONICS 262
TABLE 178 ULTRA ELECTRONICS: COMPANY OVERVIEW 262
12.3.5 ADWEBTECH 263
TABLE 179 ADWEBTECH: COMPANY OVERVIEW 263
12.3.6 EFFICIENT INDIA 264
TABLE 180 EFFICIENT INDIA: COMPANY OVERVIEW 264
12.3.7 LATTICE SEMICONDUCTORS 265
TABLE 181 LATTICE SEMICONDUCTORS: COMPANY OVERVIEW 265
12.3.8 ELLIPTICSECURE 266
TABLE 182 ELLIPTICSECURE: COMPANY OVERVIEW 266
12.3.9 AMAZON INC. 267
TABLE 183 AMAZON INC.: COMPANY OVERVIEW 267
12.3.10 ENTRUST SECURITY 268
TABLE 184 ENTRUST SECURITY: COMPANY OVERVIEW 268
12.3.11 ESCRYPT 269
TABLE 185 ESCRYPT: COMPANY OVERVIEW 269
12.3.12 BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD 270
TABLE 186 BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD: COMPANY OVERVIEW 270
12.3.13 FORTANIX 271
TABLE 187 FORTANIX: COMPANY OVERVIEW 271
12.3.14 JISA SOFTECH 272
TABLE 188 JISA SOFTECH: COMPANY OVERVIEW 272
12.3.15 MICROSOFT 273
TABLE 189 MICROSOFT: COMPANY OVERVIEW 273
12.3.16 NITROKEY 274
12.3.17 KRYPTOAGILE 275
12.3.18 KRYPTUS 275
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 APPENDIX 276
13.1 DISCUSSION GUIDE 276
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 279
13.3 CUSTOMIZATION OPTIONS 281
13.4 RELATED REPORTS 281
13.5 AUTHOR DETAILS 282

 

ページTOPに戻る


 

Summary

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:
• 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



ページTOPに戻る


Table of Contents

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 INCLUSIONS AND EXCLUSIONS 33
1.3.1 HARDWARE SECURITY MODULES MARKET, BY COMPANY 33
1.3.2 HARDWARE SECURITY MODULES MARKET, BY TYPE 33
1.3.3 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE 34
1.3.4 HARDWARE SECURITY MODULES MARKET, BY APPLICATION 34
1.3.5 HARDWARE SECURITY MODULES MARKET, BY VERTICAL 34
1.3.6 HARDWARE SECURITY MODULES MARKET, BY REGION 35
1.4 STUDY SCOPE 35
1.4.1 MARKETS COVERED 35
FIGURE 1 HARDWARE SECURITY MODULES MARKET SEGMENTATION 35
1.4.2 REGIONAL SCOPE 36
1.4.3 YEARS CONSIDERED 36
1.5 CURRENCY CONSIDERED 37
1.6 UNITS CONSIDERED 37
1.7 LIMITATIONS 37
1.8 STAKEHOLDERS 37
1.9 SUMMARY OF CHANGES 38
1.10 RECESSION IMPACT 38
FIGURE 2 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 3 HARDWARE SECURITY MODULES MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.1.1 Major secondary sources 41
2.1.1.2 Key data from secondary sources 41
2.1.2 PRIMARY DATA 42
2.1.2.1 Primary data sources 42
2.1.2.2 Breakdown of primaries 42
2.1.2.3 Key industry insights 43
2.2 MARKET SIZE ESTIMATION 43
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS 44
2.2.1 BOTTOM-UP APPROACH 44
2.2.1.1 Capturing market size using bottom-up approach (demand side) 45
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 45

2.2.2 TOP-DOWN APPROACH 45
2.2.2.1 Capturing market size using top-down approach (supply side) 46
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 46
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 47
FIGURE 7 DATA TRIANGULATION 47
2.4 GROWTH RATE ASSUMPTIONS/FORECAST 48
2.5 RESEARCH ASSUMPTIONS 49
2.6 RISK ASSESSMENT 49
2.7 RECESSION IMPACT ANALYSIS 50
TABLE 1 ASSUMPTIONS: RECESSION IMPACT 50
2.8 RESEARCH LIMITATIONS 51
3 EXECUTIVE SUMMARY 52
FIGURE 8 LAN-BASED/NETWORK-ATTACHED SEGMENT TO LEAD MARKET FROM 2023 TO 2028 53
FIGURE 9 CLOUD SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD 53
FIGURE 10 PAYMENT PROCESSING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028 54
FIGURE 11 BFSI SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 55
FIGURE 12 EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HARDWARE SECURITY MODULES MARKET 57
FIGURE 13 RISING DEMAND FOR CLOUD-BASED HARDWARE SECURITY MODULES DUE TO DIGITIZATION OF BANKING PROCESSES 57
4.2 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE 58
FIGURE 14 CLOUD SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028 58
4.3 HARDWARE SECURITY MODULES MARKET, BY APPLICATION 58
FIGURE 15 PAYMENT PROCESSING APPLICATION TO LEAD MARKET DURING FORECAST PERIOD 58
4.4 HARDWARE SECURITY MODULES MARKET, BY VERTICAL 59
FIGURE 16 MEDICAL & LIFE SCIENCES VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 59
4.5 HARDWARE SECURITY MODULES MARKET, BY TYPE 59
FIGURE 17 USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 59
4.6 HARDWARE SECURITY MODULES MARKET, BY VERTICAL AND REGION 60
FIGURE 18 BFSI SEGMENT AND EUROPE ACCOUNTED FOR LARGEST MARKET SHARES IN 2022 60
4.7 HARDWARE SECURITY MODULES MARKET, BY REGION 60
FIGURE 19 NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 60
4.8 HARDWARE SECURITY MODULES MARKET, BY KEY COUNTRY 61
FIGURE 20 ITALY TO DOMINATE MARKET DURING FORECAST PERIOD 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 62
FIGURE 21 HARDWARE SECURITY MODULES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 62
5.2.1 DRIVERS 63
FIGURE 22 HARDWARE SECURITY MODULES MARKET: DRIVERS AND THEIR IMPACT 63
5.2.1.1 Increased frequency of data breaches and cyberattacks 63
FIGURE 23 NUMBER OF CYBERATTACKS IN US, 2015–2022 64
5.2.1.2 Stringent data security compliances 64
5.2.1.3 Adoption of holistic approach for effective management of cryptographic keys 64
5.2.1.4 Widespread adoption of digital payment methods 65
5.2.2 RESTRAINTS 66
FIGURE 24 HARDWARE SECURITY MODULES MARKET: RESTRAINTS AND THEIR IMPACT 66
5.2.2.1 High ownership costs associated with hardware security modules 66
5.2.3 OPPORTUNITIES 67
FIGURE 25 HARDWARE SECURITY MODULES MARKET: OPPORTUNITIES AND THEIR IMPACT 67
5.2.3.1 Surging demand for cloud data security 68
5.2.3.2 Increasing deployment of connected devices and Internet of Things (IoT) technology in smart cities 69
5.2.3.3 Proliferation of 5G networks worldwide 69
5.2.3.4 Rising implementation of security modules in healthcare industry 70
5.2.3.5 Growing adoption of blockchain and cryptocurrencies 70
5.2.4 CHALLENGES 71
FIGURE 26 HARDWARE SECURITY MODULES MARKET: CHALLENGES AND THEIR IMPACT 71
5.2.4.1 Identification and protection of sensitive data 71
5.2.4.2 Complexities associated with HSM integration process 72
5.2.4.3 Need to incorporate advanced technologies to mitigate cyber threats and protect sensitive data 72
5.3 VALUE CHAIN ANALYSIS 73
FIGURE 27 HARDWARE SECURITY MODULES MARKET: VALUE CHAIN ANALYSIS 73
5.3.1 R&D ENGINEERS AND PROTYPE DESIGNERS 73
5.3.2 RAW MATERIAL SUPPLIERS 73
5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS 73
5.3.4 SYSTEM INTEGRATORS 74
5.3.5 SUPPLIERS AND DISTRIBUTORS 74
5.3.6 VERTICALS 74
5.4 ECOSYSTEM ANALYSIS 74
TABLE 2 KEY PARTICIPANTS AND THEIR ROLE IN ECOSYSTEM 74
FIGURE 28 KEY PLAYERS IN HARDWARE SECURITY MODULES ECOSYSTEM 75

5.5 TECHNOLOGY ANALYSIS 76
5.5.1 KEY TECHNOLOGY TRENDS 76
5.5.1.1 Virtualization of HSMs 76
5.5.1.2 Incorporation of AI and ML technologies into HSMs 76
5.5.1.3 Integration of hardware security modules into contactless smart cards 76
5.5.2 ADJACENT TECHNOLOGY TRENDS 76
5.5.2.1 Commercialization of Internet of Things (IoT) 76
5.5.2.2 Utilization of blockchain and distributed ledger technologies 77
5.5.2.3 Trend of digital signature 77
5.6 AVERAGE SELLING PRICE ANALYSIS 78
TABLE 3 PRICING ANALYSIS OF HARDWARE SECURITY MODULES, 2022 78
5.6.1 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE 79
FIGURE 29 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE 79
TABLE 4 AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE 80
FIGURE 30 AVERAGE SELLING PRICE (USD) OF HARDWARE SECURITY MODULES 80
5.7 PATENT ANALYSIS 80
TABLE 5 PATENTS RELATED TO HARDWARE SECURITY MODULES MARKET 80
TABLE 6 TOP 20 PATENT OWNERS IN HARDWARE SECURITY MODULES MARKET, 2013–2023 83
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 84
FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2023 84
5.8 IMPORT/EXPORT SCENARIOS, BY HS CODE 84
TABLE 7 IMPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2018–2022 (USD MILLION) 85
TABLE 8 EXPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2018–2022 (USD MILLION) 85
5.9 TARIFFS 86
TABLE 9 MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY US 86
TABLE 10 MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY CHINA 86
5.10 REGULATORY LANDSCAPE AND STANDARDS 86
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 14 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88

5.10.2 GLOBAL REGULATIONS: FRAUD PREVENTION AND STANDARDIZATION 88
5.10.3 NORTH AMERICA: CONSUMER PROTECTION 89
5.10.4 EUROPE: STANDARDIZATION OF PAYMENTS 90
5.10.5 ASIA PACIFIC: DOMESTIC PAYMENT NETWORKS 91
5.11 PORTER’S FIVE FORCES ANALYSIS 91
FIGURE 33 HARDWARE SECURITY MODULES MARKET: PORTER’S FIVE FORCES ANALYSIS 92
TABLE 15 IMPACT OF PORTER’S FIVE FORCES ON MARKET 92
5.11.1 THREAT OF NEW ENTRANTS 93
5.11.2 THREAT OF SUBSTITUTES 93
5.11.3 BARGAINING POWER OF SUPPLIERS 93
5.11.4 BARGAINING POWER OF BUYERS 93
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 93
5.12 CASE STUDY ANALYSIS 94
5.12.1 POMELO ACQUIRED HSM SOLUTIONS FROM FUTUREX TO DEPLOY IN CLOUD 94
5.12.2 MAJOR ISRAELI BANK APPROACHED STANCHION AND FUTUREX FOR SECURE PAYMENT ENVIRONMENTS 94
5.12.3 NCC BANK OF BANGLADESH ENSURED REAL-TIME BINIMOY TRANSACTIONS WITH THALES LUNA HSMS 95
5.12.4 TREEZOR DEPLOYED CLOUD HSM FROM THALES TO SECURE PAYMENT CHAIN 95
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 96
TABLE 16 HARDWARE SECURITY MODULES MARKET: KEY CONFERENCES AND EVENTS 96
5.14 KEY STAKEHOLDERS AND BUYING PROCESS 97
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 97
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 97
TABLE 17 IMPACT OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%) 97
5.14.2 BUYING CRITERIA 98
FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 98
TABLE 18 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 98
5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 99
FIGURE 36 REVENUE SHIFT AND NEW REVENUE POCKETS IN HARDWARE SECURITY MODULES MARKET 99
6 HARDWARE SECURITY MODULES MARKET, BY TYPE 100
6.1 INTRODUCTION 101
FIGURE 37 USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 101
TABLE 19 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 101
TABLE 20 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 102
TABLE 21 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (THOUSAND UNITS) 102
TABLE 22 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (THOUSAND UNITS) 103
6.2 LAN-BASED/NETWORK-ATTACHED 103
6.2.1 EFFICIENCY AND RESILIENCE OF HARDWARE SECURITY MODULES TO DRIVE MARKET 103
TABLE 23 LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 104
TABLE 24 LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET BY REGION, 2023–2028 (USD MILLION) 104
6.3 PCI-BASED/EMBEDDED PLUGIN 104
6.3.1 ENHANCED FOCUS ON SYSTEM SECURITY AND SOFTWARE CONTROL TO FUEL DEMAND 104
TABLE 25 PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 105
TABLE 26 PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 105
6.4 USB-BASED/PORTABLE 105
6.4.1 GROWING IMPLEMENTATION OF PORTABLE HSMS IN LOW-VOLUME TRANSACTION ENVIRONMENTS TO DRIVE MARKET 105
TABLE 27 USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 106
TABLE 28 USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 106
6.5 SMART CARDS 107
6.5.1 INDISPENSABLE NEED TO MITIGATE CYBER RISKS TO FUEL SEGMENTAL GROWTH 107
TABLE 29 SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 107
TABLE 30 SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 108
7 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE 109
7.1 INTRODUCTION 110
FIGURE 38 CLOUD SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD 110
TABLE 31 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 110
TABLE 32 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 110
7.2 ON-PREMISES 111
7.2.1 PREFERENCE FOR COMPLETE CONTROL OF DATA AND INFRASTRUCTURE MANAGEMENT TO FOSTER SEGMENTAL GROWTH 111
TABLE 33 ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 112
TABLE 34 ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 113

7.3 CLOUD 113
7.3.1 COST-EFFECTIVENESS OF CLOUD-BASED HARDWARE SECURITY MODULES TO BOOST DEMAND 113
TABLE 35 CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 114
TABLE 36 CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 115
8 HARDWARE SECURITY MODULES MARKET, BY VERTICAL 116
8.1 INTRODUCTION 117
FIGURE 39 BFSI VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 117
TABLE 37 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 117
TABLE 38 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 118
8.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 118
8.2.1 PRESSING NEED TO MITIGATE RISK OF ONLINE FINANCIAL FRAUDS TO BOOST DEMAND 118
TABLE 39 BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 119
TABLE 40 BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 120
TABLE 41 BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 120
TABLE 42 BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 120
8.3 IT & TELECOMMUNICATIONS 120
8.3.1 SIGNIFICANT FOCUS ON 5G INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET 120
TABLE 43 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 44 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 122
TABLE 45 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 122
TABLE 46 IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 122
8.4 PUBLIC SECTOR/GOVERNMENT 123
8.4.1 RISING NEED FOR PROLONGED DATA PROTECTION TO DRIVE MARKET 123
TABLE 47 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 124
TABLE 48 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 124
TABLE 49 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 124
TABLE 50 PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 125
8.5 INDUSTRIAL MANUFACTURING 125
8.5.1 ADOPTION OF HARDWARE SECURITY MODULES FOR DATA EXCHANGE TO DRIVE MARKET 125
TABLE 51 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 126
TABLE 52 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 126
TABLE 53 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 126
TABLE 54 INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 126
8.6 ENERGY & POWER 127
8.6.1 INTEGRATION OF HARDWARE SECURITY MODULES INTO CRITICAL INFRASTRUCTURES TO ENHANCE SECURITY PROTOCOLS 127
TABLE 55 ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 128
TABLE 56 ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 128
TABLE 57 ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 128
TABLE 58 ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 129
8.7 CONSUMER GOODS & RETAIL 129
8.7.1 NEED FOR SECURING PROPRIETARY INFORMATION TO DRIVE MARKET 129
TABLE 59 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 60 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 130
TABLE 61 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 131
TABLE 62 CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 131
8.8 MEDICAL & LIFE SCIENCES 131
8.8.1 INCREASING NEED FOR SECURITY AGAINST CYBER THREATS TO DRIVE MARKET 131
TABLE 63 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 133
TABLE 64 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 133
TABLE 65 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 133
TABLE 66 MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 133
8.9 AEROSPACE & DEFENSE 134
8.9.1 INCREASING USE OF HARDWARE SECURITY MODULES TO SAFEGUARD CRITICAL DATA 134
TABLE 67 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 134
TABLE 68 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 135
TABLE 69 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 135
TABLE 70 AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 135
8.10 TRANSPORTATION 135
8.10.1 TECHNOLOGICAL ADVANCEMENTS IN CONNECTED CARS TO DRIVE MARKET 135
TABLE 71 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 137
TABLE 72 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 137
TABLE 73 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 137
TABLE 74 TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 138
9 HARDWARE SECURITY MODULES MARKET, BY APPLICATION 139
9.1 INTRODUCTION 140
FIGURE 40 SSL AND TLS SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 140
TABLE 75 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 140
TABLE 76 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 141
9.2 PAYMENT PROCESSING 142
9.2.1 HIGH DEMAND FOR SECURE PAYMENT PROCESSING METHODS TO DRIVE MARKET 142
TABLE 77 PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 143
TABLE 78 PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 143
9.3 CODE AND DOCUMENT SIGNING 143
9.3.1 URGENT NEED FOR TAMPER-RESISTANT HARDWARE-BASED SOLUTIONS TO PROPEL MARKET 143
TABLE 79 CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 144
TABLE 80 CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 144
9.4 SECURITY SOCKETS LAYER AND TRANSPORT SECURITY LAYER 145
9.4.1 INCREASED DEMAND FOR SSL AND TSL IN IT & TELECOMMUNICATIONS VERTICAL TO DRIVE MARKET 145
TABLE 81 SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 145
TABLE 82 SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 145

9.5 AUTHENTICATION 146
9.5.1 GROWING NEED FOR HARDWARE SECURITY MODULES IN AUTHENTICATION APPLICATIONS TO FUEL MARKET 146
TABLE 83 AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 146
TABLE 84 AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 147
9.6 DATABASE ENCRYPTION 147
9.6.1 PRESSING NEED FOR PROTECTING DATABASES FROM UNAUTHORIZED ACCESS TO FUEL DEMAND FOR ENCRYPTION 147
TABLE 85 DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 148
TABLE 86 DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 148
9.7 PUBLIC KEY INFRASTRUCTURE AND CREDENTIAL MANAGEMENT 148
9.7.1 INCREASING DEMAND FOR SECURITY MODULES IN CREDENTIAL MANAGEMENT TO ENABLE SAFE DATA TRANSMIT 148
TABLE 87 PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 149
TABLE 88 PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 149
9.8 APPLICATION-LEVEL ENCRYPTION 150
9.8.1 ENHANCED EFFICIENCY AND ACCURACY OF APPLICATION-LEVEL ENCRYPTION TO DRIVE MARKET 150
TABLE 89 APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 150
TABLE 90 APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 150
10 HARDWARE SECURITY MODULES MARKET, BY REGION 151
10.1 INTRODUCTION 152
FIGURE 41 HARDWARE SECURITY MODULES MARKET, BY REGION 152
FIGURE 42 EUROPE TO LEAD MARKET DURING FORECAST PERIOD 152
TABLE 91 HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 152
TABLE 92 HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION) 153
10.2 NORTH AMERICA 153
10.2.1 NORTH AMERICA: RECESSION IMPACT 154
FIGURE 43 NORTH AMERICA: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET 155
TABLE 93 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 155
TABLE 94 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 156
TABLE 95 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 156
TABLE 96 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 156
TABLE 97 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 157
TABLE 98 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 157
TABLE 99 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 157
TABLE 100 NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 158
10.2.2 US 158
10.2.2.1 Wide adoption of communication devices to fuel demand 158
10.2.3 CANADA 159
10.2.3.1 Rising number of cyberattacks to fuel demand for security modules 159
10.2.4 MEXICO 160
10.2.4.1 Urgent demand for improved network security in automobile manufacturing plants to drive market 160
10.3 EUROPE 160
10.3.1 EUROPE: RECESSION IMPACT 161
FIGURE 44 EUROPE: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET 162
TABLE 101 EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 163
TABLE 102 EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 163
TABLE 103 EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 164
TABLE 104 EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 164
TABLE 105 EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 164
TABLE 106 EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 165
TABLE 107 EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 165
TABLE 108 EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 165
10.3.2 GERMANY 166
10.3.2.1 High deployment of hardware security modules in automotive industry to drive market 166
10.3.3 UK 166
10.3.3.1 Increasing use of advanced interconnected technologies to drive market 166
10.3.4 FRANCE 167
10.3.4.1 Wide use of HSMs in aerospace & defense sector to drive market 167
10.3.5 ITALY 167
10.3.5.1 Pressing need for security measures to fuel market 167

10.3.6 NETHERLANDS 168
10.3.6.1 Innovation in digital technologies to propel market 168
10.3.7 RUSSIA 168
10.3.7.1 Rapid establishment of manufacturing units to drive market 168
10.3.8 REST OF EUROPE 169
10.4 ASIA PACIFIC 169
10.4.1 ASIA PACIFIC: RECESSION IMPACT 170
FIGURE 45 ASIA PACIFIC: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET 171
TABLE 109 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 171
TABLE 110 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 172
TABLE 111 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 172
TABLE 112 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 173
TABLE 113 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 173
TABLE 114 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 173
TABLE 115 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 174
TABLE 116 ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 174
10.4.2 CHINA 174
10.4.2.1 Growing security concerns to drive demand for digital solutions 174
10.4.3 JAPAN 175
10.4.3.1 Established automobile sector to drive market 175
10.4.4 INDIA 176
10.4.4.1 Rising initiative for foreign direct investments to boost market 176
10.4.5 SOUTH KOREA 176
10.4.5.1 Growing need for enhanced security measures to drive market 176
10.4.6 AUSTRALIA 177
10.4.6.1 High demand for mobile security solutions to drive market 177
10.4.7 REST OF ASIA PACIFIC 177
10.5 ROW 178
10.5.1 ROW: RECESSION IMPACT 178
FIGURE 46 ROW: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET 179
TABLE 117 ROW: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION) 179
TABLE 118 ROW: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 180
TABLE 119 MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 180
TABLE 120 MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 180
TABLE 121 ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 181
TABLE 122 ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 181
TABLE 123 ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 181
TABLE 124 ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 182
TABLE 125 ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 182
TABLE 126 ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 182
10.5.2 SOUTH AMERICA 183
10.5.2.1 Brazil 183
10.5.2.1.1 Booming healthcare sector to boost market 183
10.5.2.2 Argentina 183
10.5.2.2.1 Government initiatives to tackle global volatility and uncertainty to fuel economic growth 183
10.5.2.3 Rest of South America 184
10.5.3 MIDDLE EAST & AFRICA 184
10.5.3.1 GCC Countries 185
10.5.3.1.1 Growing investments in networking infrastructure to boost market 185
10.5.3.2 Rest of Middle East & Africa 185
11 COMPETITIVE LANDSCAPE 186
11.1 OVERVIEW 186
11.1.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 186
TABLE 127 OVERVIEW OF KEY GROWTH STRATEGIES ADOPTED BY MAJOR COMPANIES 186
11.2 REVENUE ANALYSIS OF KEY PLAYERS 189
FIGURE 47 FIVE-YEAR REVENUE SNAPSHOT OF KEY COMPANIES 189
11.3 MARKET SHARE ANALYSIS 189
TABLE 128 HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS 189
FIGURE 48 HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS 190
11.4 COMPANY EVALUATION MATRIX 192
11.4.1 STARS 192
11.4.2 EMERGING LEADERS 192
11.4.3 PERVASIVE PLAYERS 192
11.4.4 PARTICIPANTS 193
FIGURE 49 HARDWARE SECURITY MODULES MARKET: (GLOBAL) COMPANY EVALUATION MATRIX, 2022 193
11.5 START-UP/SME EVALUATION MATRIX 194
11.5.1 PROGRESSIVE COMPANIES 194
11.5.2 RESPONSIVE COMPANIES 194

11.5.3 DYNAMIC COMPANIES 194
11.5.4 STARTING BLOCKS 194
FIGURE 50 HARDWARE SECURITY MODULES MARKET: (GLOBAL) START-UP/SME EVALUATION MATRIX, 2022 195
11.6 COMPETITIVE BENCHMARKING 196
TABLE 129 HARDWARE SECURITY MODULES MARKET: KEY START-UP/SMES 196
TABLE 130 HARDWARE SECURITY MODULES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UP/SMES 197
11.7 COMPANY FOOTPRINT 197
TABLE 131 OVERALL COMPANY FOOTPRINT (28 COMPANIES) 197
TABLE 132 TYPE: COMPANY FOOTPRINT (28 COMPANIES) 198
TABLE 133 DEPLOYMENT TYPE: COMPANY FOOTPRINT (28 COMPANIES) 199
TABLE 134 REGION: COMPANY FOOTPRINT (28 COMPANIES) 201
11.8 COMPETITIVE SCENARIOS AND TRENDS 202
11.8.1 HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019–OCTOBER 2023 202
TABLE 135 HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019– OCTOBER 2023 202
11.8.2 HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019–OCTOBER 2023 205
TABLE 136 HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019 –OCTOBER 2023 205
11.8.3 HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023 213
TABLE 137 HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023 213
12 COMPANY PROFILES 214
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 INTRODUCTION 214
12.2 KEY PLAYERS 215
12.2.1 THALES GROUP 215
TABLE 138 THALES GROUP: COMPANY OVERVIEW 215
FIGURE 51 THALES GROUP: COMPANY SNAPSHOT 216
TABLE 139 THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 140 THALES GROUP: PRODUCT LAUNCHES 218
TABLE 141 THALES GROUP: DEALS 219
12.2.2 UTIMACO 222
TABLE 142 UTIMACO: COMPANY OVERVIEW 222
TABLE 143 UTIMACO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222
TABLE 144 UTIMACO: PRODUCT LAUNCHES 224
TABLE 145 UTIMACO: DEALS 224
TABLE 146 UTIMACO: OTHERS 228

12.2.3 FUTUREX 229
TABLE 147 FUTUREX: COMPANY OVERVIEW 229
TABLE 148 FUTUREX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 149 FUTUREX: PRODUCT LAUNCHES 230
TABLE 150 FUTUREX: DEALS 230
12.2.4 INFINEON TECHNOLOGIES 233
TABLE 151 INFINEON TECHNOLOGIES: COMPANY OVERVIEW 233
FIGURE 52 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT 234
TABLE 152 INFINEON TECHNOLOGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 234
TABLE 153 INFINEON TECHNOLOGIES: PRODUCT LAUNCHES 235
TABLE 154 INFINEON TECHNOLOGIES: DEALS 236
12.2.5 IBM 239
TABLE 155 IBM: COMPANY OVERVIEW 239
FIGURE 53 IBM: COMPANY SNAPSHOT 240
TABLE 156 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 241
TABLE 157 IBM: DEALS 242
12.2.6 STMICROELECTRONICS 244
TABLE 158 STMICROELECTRONICS: COMPANY OVERVIEW 244
FIGURE 54 STMICROELECTRONICS: COMPANY SNAPSHOT 245
TABLE 159 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 245
TABLE 160 STMICROELECTRONICS: DEALS 246
12.2.7 MICROCHIP TECHNOLOGY 247
TABLE 161 MICROCHIP TECHNOLOGY: COMPANY OVERVIEW 247
FIGURE 55 MICROCHIP TECHNOLOGY: COMPANY SNAPSHOT 248
TABLE 162 MICROCHIP TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 163 MICROCHIP TECHNOLOGY: PRODUCT LAUNCHES 249
TABLE 164 MICROCHIP TECHNOLOGY: OTHERS 249
12.2.8 ATOS SE 250
TABLE 165 ATOS SE: COMPANY OVERVIEW 250
FIGURE 56 ATOS SE: COMPANY SNAPSHOT 251
TABLE 166 ATOS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251
TABLE 167 ATOS SE: PRODUCT LAUNCHES 252
TABLE 168 ATOS SE: DEALS 253
12.2.9 YUBICO 254
TABLE 169 YUBICO: COMPANY OVERVIEW 254
TABLE 170 YUBICO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 171 YUBICO: PRODUCT LAUNCHES 255
TABLE 172 YUBICO: DEALS 256
12.2.10 SWIFT 257
TABLE 173 SWIFT: COMPANY OVERVIEW 257
FIGURE 57 SWIFT: COMPANY SNAPSHOT 257
TABLE 174 SWIFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
12.3 OTHER PLAYERS 259
12.3.1 SECUROSYS SA 259
TABLE 175 SECUROSYS SA: COMPANY OVERVIEW 259
12.3.2 SPYRUS 260
TABLE 176 SPYRUS: COMPANY OVERVIEW 260
12.3.3 LEDGER 261
TABLE 177 LEDGER: COMPANY OVERVIEW 261
12.3.4 ULTRA ELECTRONICS 262
TABLE 178 ULTRA ELECTRONICS: COMPANY OVERVIEW 262
12.3.5 ADWEBTECH 263
TABLE 179 ADWEBTECH: COMPANY OVERVIEW 263
12.3.6 EFFICIENT INDIA 264
TABLE 180 EFFICIENT INDIA: COMPANY OVERVIEW 264
12.3.7 LATTICE SEMICONDUCTORS 265
TABLE 181 LATTICE SEMICONDUCTORS: COMPANY OVERVIEW 265
12.3.8 ELLIPTICSECURE 266
TABLE 182 ELLIPTICSECURE: COMPANY OVERVIEW 266
12.3.9 AMAZON INC. 267
TABLE 183 AMAZON INC.: COMPANY OVERVIEW 267
12.3.10 ENTRUST SECURITY 268
TABLE 184 ENTRUST SECURITY: COMPANY OVERVIEW 268
12.3.11 ESCRYPT 269
TABLE 185 ESCRYPT: COMPANY OVERVIEW 269
12.3.12 BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD 270
TABLE 186 BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD: COMPANY OVERVIEW 270
12.3.13 FORTANIX 271
TABLE 187 FORTANIX: COMPANY OVERVIEW 271
12.3.14 JISA SOFTECH 272
TABLE 188 JISA SOFTECH: COMPANY OVERVIEW 272
12.3.15 MICROSOFT 273
TABLE 189 MICROSOFT: COMPANY OVERVIEW 273
12.3.16 NITROKEY 274
12.3.17 KRYPTOAGILE 275
12.3.18 KRYPTUS 275
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 APPENDIX 276
13.1 DISCUSSION GUIDE 276
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 279
13.3 CUSTOMIZATION OPTIONS 281
13.4 RELATED REPORTS 281
13.5 AUTHOR DETAILS 282

 

ページTOPに戻る

ご注文は、お電話またはWEBから承ります。お見積もりの作成もお気軽にご相談ください。

webからのご注文・お問合せはこちらのフォームから承ります

本レポートと同じKEY WORD(usb)の最新刊レポート


よくあるご質問


MarketsandMarkets社はどのような調査会社ですか?


マーケッツアンドマーケッツ(MarketsandMarkets)は通信、半導体、医療機器、エネルギーなど、幅広い市場に関する調査レポートを出版しています。また広範な市場を対象としたカスタム調査も行って... もっと見る


調査レポートの納品までの日数はどの程度ですか?


在庫のあるものは速納となりますが、平均的には 3-4日と見て下さい。
但し、一部の調査レポートでは、発注を受けた段階で内容更新をして納品をする場合もあります。
発注をする前のお問合せをお願いします。


注文の手続きはどのようになっていますか?


1)お客様からの御問い合わせをいただきます。
2)見積書やサンプルの提示をいたします。
3)お客様指定、もしくは弊社の発注書をメール添付にて発送してください。
4)データリソース社からレポート発行元の調査会社へ納品手配します。
5) 調査会社からお客様へ納品されます。最近は、pdfにてのメール納品が大半です。


お支払方法の方法はどのようになっていますか?


納品と同時にデータリソース社よりお客様へ請求書(必要に応じて納品書も)を発送いたします。
お客様よりデータリソース社へ(通常は円払い)の御振り込みをお願いします。
請求書は、納品日の日付で発行しますので、翌月最終営業日までの当社指定口座への振込みをお願いします。振込み手数料は御社負担にてお願いします。
お客様の御支払い条件が60日以上の場合は御相談ください。
尚、初めてのお取引先や個人の場合、前払いをお願いすることもあります。ご了承のほど、お願いします。


データリソース社はどのような会社ですか?


当社は、世界各国の主要調査会社・レポート出版社と提携し、世界各国の市場調査レポートや技術動向レポートなどを日本国内の企業・公官庁及び教育研究機関に提供しております。
世界各国の「市場・技術・法規制などの」実情を調査・収集される時には、データリソース社にご相談ください。
お客様の御要望にあったデータや情報を抽出する為のレポート紹介や調査のアドバイスも致します。



詳細検索

このレポートへのお問合せ

03-3582-2531

電話お問合せもお気軽に

 

2024/07/22 10:26

158.54 円

173.12 円

207.67 円

ページTOPに戻る