The global Hardware Security Modules (HSMs) market size reached USD 1.22 Billion in 2021 and is expected to register a revenue CAGR of 11.8% during the forecast period, according to latest analysis by Emergen Research. Increasing focus on data security in cloud is a key factor driving market revenue growth.
Data security has been a major concern in information technology. It becomes especially crucial in cloud computing environment because data is stored in multiple locations, even across the globe. The biggest concern for users regarding cloud technology is data security and privacy protection, which creates high demand for hardware security modules. Cloud HSM is a Hardware Security Module (HSM) service hosted in cloud that allows users to store encryption keys and execute cryptographic operations in a cluster. Various companies are offering Cloud HMS services, for example, Amazon Web Services (AWS) Cloud HSM is a cloud-based Hardware Security Module (HSM) that allows users to quickly produce and use their own encryption keys on Amazon Web Services Cloud. Increasing concerns for data security in cloud is expected to drive revenue growth of the market during the forecast period.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/1162
Rising cyber-attacks and data breaches across the globe create high demand for hardware security modules among organizations. Advancement of new technologies, such as Internet of Things (IoT), and Artificial Intelligence (AI), makes most businesses vulnerable to cyber-attacks. According to a study, between June 2020 to June 2021, the transportation industry has faced 186% increase in weekly ransomware attacks. For instance, in 2020, 9 million email addresses and travel details of customers were hacked from EasyJet company, out of which credit card information of approximately 2,200 customers was also compromised. Various cyberattacks in the recent years prompt organizations to adopt hardware security modules to strengthen their cyber security.
The objectives of this study are to define, segment, and project the size of the Hardware Security Modules Market based on company, product type, application and key regions.
The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Hardware Security Modules Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Some major companies operating in the global market include
IBM Corporation,
Thales Group,
Utimaco Safeware.,
Atos SE,
STMicroelectronics,
Microchip Technology Inc.,
Hewlett Packard Enterprise,
Gemalto NV,
QLogic Corporation, and
Futurex LP.
To know more about the report @ https://www.emergenresearch.com/industry-report/hardware-security-modules-market
Emergen Research has segmented global hardware security modules market on the basis of type, deployment type, application, end-use, and region:
Type Outlook (Revenue, USD Million; 2019-2030)
LAN Based
USB Based
PCI Based
Smart Cards
Others
Deployment Type Outlook (Revenue, USD Million; 2019-2030)
Cloud Based
On-Premises
Application Outlook (Revenue, USD Million; 2019-2030)
Payment Processing
Code and Document Signing
Application-level encryption
Database Encryption
Authentication
Document Signing
PKI and Credential Management
Others
End-Use Outlook (Revenue, USD Million; 2019-2030)
Banking, Financial Services and Insurance (BFSI)
IT and Telecommunication
Government
Industrial Manufacturing
Healthcare
Retail and E-commerce
Transportation
Others
Request a discount on the report @ https://www.emergenresearch.com/request-discount/1162
Global Hardware Security Modules Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Hardware Security Modules market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Key Benefits of Buying the Global Hardware Security Modules Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Hardware Security Modules Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Hardware Security Modules Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Hardware Security Modules Market
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/1162
Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.
Take a Look at our other Reports:
Healthcare Internet of Things (IoT) Security Market
Hematologic Malignancies Testing Market
Human Microbiome Modulators Market
In Silico Drug Discovery Market
Industrial Microbiology Market
Medical Device Testing Services Market
Nanopharmaceutical Drugs Market
About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Full Press Release @ https://www.emergenresearch.com/press-release/global-hardware-security-modules-market
