Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Hardware Security Module Market to Reach USD 2208.3 million by 2028 at a CAGR of 10.5% | Valuates Reports

This image opens in the lightbox

News provided by

Valuates Reports

25 May, 2022, 13:30 GMT

Share this article

Share toX

Share this article

Share toX

BANGALORE, India, May 25, 2022 /PRNewswire/ -- The Global Hardware Security Modules Market is Segmented by Type (General Purpose HSMs, Payment HSMs, HSMaaS) and By Application (Industrial and Manufacturing, BFSI Government, Others) : Global Opportunity Analysis and Industry Forecast, 2022-2028. It is published in Valuates Reports under the Computers & Electronics Category.

The Global Hardware Security Modules market size is projected to reach USD 2208.3 million by 2028, from USD 1089 million in 2021, at a CAGR of 10.5% during 2022-2028.

Major factors driving the growth of the Hardware Security Modules  market

The growing concern about data security in all data-sensitive companies around the world is a major factor driving the growth of the hardware security module market.

Furthermore, strict data security compliances are expected to increase the demand for hardware security modules, propelling the market forward. Furthermore, the hardware security modules market is expected to benefit from an increase in the demand for effective cryptographic key management.

Get Your Sample Today:

https://reports.valuates.com/request/sample/QYRE-Auto-24S2199/Global_Hardware_Security_Module_Market

TRENDS INFLUENCING HARDWARE SECURITY MODULE MARKET

The Hardware Security Module Market is expected to grow due to the increasing adoption of Hardware Security modules in the BFSI sector. In banking and other industries, the hardware security module (HSM) is widely used to protect sensitive information by handling key management, key exchange, encryption, digital signatures etc. Specialized HSMs used in the payment card industry are known as bank hardware security modules or card payment system hardware security modules. As a result, these HSMs can perform both standard hardware security module functions as well as specialized functions required by transaction processing and industry compliance standards.

A Hardware security module can help companies that handle payment card data comply with the Payment Card Industry Data Security Standard (PCI DSS). Any company that needs to encrypt and protect sensitive data, such as those in the healthcare, energy, or payment industries, can benefit from an HSM. Rather than keeping keys in a virtual environment, organizations can store cryptographic data in specific hardware that has been thoroughly verified and approved by independent laboratories. These modules have a security-focused operating system with highly limited access via a network interface regulated by internal rules. The entire system is designed to safeguard and conceal encrypted data. It can also generate random (entropy) keys and generate digital signatures at a high rate. A centralized key management design has the benefit of expediting key management in large enterprises. This aspect is projected to propel the growth of the HSM market.

The Hardware Security Module  market is expected to grow due to the increased use of Hardware Security Modules in the industrial and manufacturing sectors. Unsecured manufacturing processes can result in the production of unauthorized units that can be sold on the black market, either with genuine branding or under a different name. This puts the company in jeopardy in terms of finances and reputation. The level of security provided by HSMs is unrivaled. Tamper-resistant or tamper-evident devices are available. If someone tries to break into the device, the HSM records the attempt and alerts the appropriate personnel. This level of security can be difficult to achieve with the software. Manufacturers around the world rely on HSMs and data encryption solutions to address today's high-tech manufacturing security challenges.

The defense and government departments are crucial to any country's development. These departments have access to highly sensitive information such as personal information about citizens, court hearing records, and secret information about the army, air force, navy, and other armed forces. To protect the confidentiality of sensitive data, these organizations must use future-proof data encryption solutions. A Hardware Security Module (HSM) is one such device that can easily meet these data security requirements. As a result, the growing demand for Hardware Security Modules from government agencies is expected to propel the HSM market forward.

Browse The Table Of Contents And List Of Figures At:

https://reports.valuates.com/market-reports/QYRE-Auto-24S2199/global-hardware-security-module

HARDWARE SECURITY MODULE SHARE ANALYSIS

BFSI is expected to be the most profitable segment based on application. Banking and financial institutions created a huge demand for hardware security modules to protect the payment process using credit and debit cards from major companies such as Mastercard and Visa.

Based on region, Europe is expected to be the most lucrative region in the Hardware security module market. The region's thriving BFSI, IT & Telecommunications, medical and life sciences industries, as well as the automotive industry, provide opportunities for the market. The region's adoption of 4G LTE technology, as well as ongoing developments and smaller deployments of 5G infrastructure, are expected to increase demand for network security hardware security modules in the IT and telecommunications sectors.

Inquire for Regional Report:

https://reports.valuates.com/request/regional/QYRE-Auto-24S2199/Global_Hardware_Security_Module_Market

Key Players

  • 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

Inquire for Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-24S2199/Global_Hardware_Security_Module_Market

Buy Now for Single User + Covid-19 Impact : 

https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-24S2199&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS:

-  The global Hardware Encryption market size is projected to reach USD 149750 million by 2028, from USD 28970 million in 2021, at a CAGR of 25.9% during 2022-2028.

-  The global IoT Security market size is projected to reach USD 6328.4 million by 2027, from USD 1732.8 million in 2020, at a CAGR of 20.3% during 2021-2027.

-  The global lawful interception market size was valued at USD 2.69 Billion in 2020, and is projected to reach USD 22.64 Billion by 2030, growing at a CAGR of 23.7% from 2021 to 2030.

-  The global security testing market size was valued at USD 6.25 billion in 2020 and is projected to reach USD 36.78 billion by 2030, growing at a CAGR of 19.2% from 2021 to 2030.

-  The global Security as a Service market size is projected to reach USD 16920 million by 2028, from USD 6758.8 million in 2021, at a CAGR of 13.5% during 2022-2028.

-  The global Perimeter Security market size is estimated to be worth USD 124860 million in 2022 and is forecast to be a readjusted size of USD 186330 million by 2028 with a CAGR of 6.9%.

- The global Security Information and Event Management market size is projected to reach USD 6436.2 million by 2027, from USD 3938.3 million in 2020, at a CAGR of 6.8% during 2021-2027.

-  Global Cloud Hardware Security Module Market Insights and Forecast to 2028

- Global Network Attached Storage (NAS) Hardware Market Research Report 2022 

- Global Automotive Hardware Security Module Market Research Report 2022

-  Global Home Security Solutions Market Insights and Forecast to 2028

-  Global Cyber Security for Space and Defense Market Insights, Forecast to 2028

-  Global Auto Cyber Security Market Insights, Forecast to 2028

-  Global Defense Cyber Security Market Insights, Forecast to 2028

Click here to see related reports on Hardware Security Module Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:
Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

Modal title

Also from this source

Coolant Distribution Units for Data Centers Market to Soar as AI and HPC Drive Cooling Demand | Valuates Reports

Coolant Distribution Units for Data Centers Market to Soar as AI and HPC Drive Cooling Demand | Valuates Reports

The global market for Coolant Distribution Units (CDU) for Data Center was valued at USD 971 Million in the year 2024 and is projected to reach a...

Customized Premixes Market to Reach USD 1.47 Billion by 2030, Driven by Demand for Personalized Nutrition | Valuates Reports

Customized Premixes Market to Reach USD 1.47 Billion by 2030, Driven by Demand for Personalized Nutrition | Valuates Reports

The Global Customized Premixes Market was valued at USD 1186.1 Million in 2023 and is anticipated to reach USD 1474.2 Million by 2030, witnessing a...

More Releases From This Source

Explore

Computer & Electronics

Computer & Electronics

High Tech Security

High Tech Security

Computer Hardware

Computer Hardware

Computer Hardware

Computer Hardware

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.