Hardware Security Modules Market with COVID-19 Impact Analysis by Deployment Type (On-premises, Cloud Based), Type (LAN Based/Network Attached, PCI Based, USB Based, Smart Cards ), Applications, Verticals and Geography - Global Forecast to 2026
[233 Pages Report] The Hardware security modules market is expected to grow at a CAGR of 11.6 %, from USD 1.1 billion in 2021 to USD 1.8 billion in 2026. The primary reasons for this rise in demand for hardware security modules products in medical & life sciences and IT & telecommunications industry.
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COVID-19 impact on global Hardware security modules market, in 2021
The pandemic hit the global economy at large during the start of 2020 and has created unprecedented turmoil and change for individuals and organizations across the world. The pandemic has led to the closure of workplaces, restrictions on travel, and the creation of the work-from-home option for almost all employees, which has created challenges for businesses to operate. In the realistic approach, it has been assumed that the first three quarters of FY 20–21 have witnessed low growth in the hardware security modules market, followed by a steady recovery during the last quarter of FY 20–21. In the most realistic scenario, the hardware security modules market is expected to grow at a CAGR of 11.6% during 2021–2026. The market is expected to witness a single-digit growth in FY 20–21 due to the COVID-19 pandemic.
Hardware Security Modules Market Dynamics
Driver: Requirement for effective management of cryptographic keys
Cryptography at hardware level is the root of providing security to many processes such as document signing, authentication, and application-level encryption. If these processes are not properly managed, they can become complex, expensive, and risk-prone. To manage the entire life cycle of keys, hardware security modules can be used. These modules are dedicated cryptographic hardware module, that create an isolated zone for the cryptographic functions. Key management is employed within an organization’s IT infrastructure to manage the number and diversity of keys.
.Hardware security modules enable organizations to improve the security of data encryption and digital signing processes by protecting keys and operations with tamper-resistant hardware. Thus, the ability of these modules to enable effective management of cryptographic keys is expected to drive the market.
Restraint: Costs associated with hardware security modules
Hardware security modules designed with older generation expertise present substantial barriers to adoption. First, they are developed using commercial hardware that has a high preliminary acquisition cost. Second, they bring substantial complexity and cost of operations. In many cases, the saff costs to handle and control these modules greatly surpass the module cost. The total cost and complexity prove to be unaffordable for many companies, leading to critical gaps in encryption key management for data protection.
However, newer technologies can enable businesses to reassess their cost/benefit analysis and implement stronger security controls with low initial investments. Organizations are finding that next-generation hardware security modules and key management capabilities offered as a subscription-based approach deliver powerful data protection and reduced total cost of ownership.
Earlier, companies only had the CAPEX model to acquire hardware security modules. The hardware usually cost at least USD 20,000 to deploy, USD 40,000 for high accessibility, and multiple times more for a normal enterprise deployment. Most cases required extra costs and components for such characteristics as client-side partitions, connectors, Key Management Interoperability Protocol (KMIP) support, Elliptical Curve algorithms, master key export, remote administration, and maintenance. Deployment costs for real-world use cases often began at USD 250,000. This cost scenario left most companies incompetent to leverage the power of HSMs and open to data violations and insider attacks.
Features such as tamper-resistant environment for secure cryptographic processing, key protection and management, and the requirement of certification to fulfill the compliance standards result in the high price of hardware security modules. Considering the cost factor for hardware security modules, small and mid-sized companies find it difficult to implement these solutions due to the lack of sufficient IT budgets. Therefore, the cost associated with the hardware security modules acts as a restraining factor for their adoption in companies that have budget constraints.
Opportunity: Demand for data security in cloud environments
Adoption of cloud is rapidly increasing among the industries, giving rise to many security challenges for the providers of cloud services, especially in dealing with the complexity of privacy and data protection regulations. Companies are accumulating massive amounts of data, ranging from highly confidential financial, business, and customer data to fairly unimportant information. They are also moving more of their data to the cloud and collecting it in more places than ever – private, public, and hybrid clouds, software-as-a-service applications, and so on. As they do this, companies are finding how complicated it can be to protect all their data across multiple environments. For instance, they no longer know where all their data and applications are. With most of their functions and data housed on third-party structure, companies no longer have prominence into who is using and accessing their data and applications, which devices are being used for access, or how their data is potentially being used or shared. They have no understanding on how cloud providers are securing and storing their data. Even though nearly all cloud providers have state-of-the-art security, this security is limited due to the limited usage of this security by the cloud users. Different cloud providers have different capabilities, which can result in unreliable cloud data security and protection.
To guarantee the security of data on the cloud, providers of cloud services are adopting technologies such as encryption, tokenization, and other cryptographic solutions, which can provide secure data transfers and safety for data stored on the cloud. The demand for HSMs for securing the data and information on the cloud environment is likely to provide huge opportunities to the manufacturers and cloud service providers to develop customized solutions that provide key management and key storage as a managed service.
Challenge: Discovering sensitive data and understanding the importance of protecting it by organizations
Sensitive data exposure occurs when a company, application, or any other entity unintentionally exposes personal data of clients, employees and customers. Sensitive data exposure varies from a data breach, in which an attacker steals and accesses information. Sensitive data exposure happens as a result of not effectively protecting a database where information is stored. This might be a result of various reasons, such as no encryption, weak encryption, software flaws, or when someone mistakenly uploads data to an incorrect database.
Different types of data can be revealed in a sensitive data exposure. Credit card numbers, bank account numbers, healthcare data, session tokens, Social Security number, home address, phone numbers, dates of birth, and user account information such as usernames and passwords are some of the types of data that can be left exposed.
In today’s digital world, keeping sensitive information secure from theft and vulnerability is not easy. Companies must understand what data needs to be protected and should create a data classification policy based on its confidentiality and sensitivity. Due to the lack of data classification policies, companies find it difficult to figure out the important data that needs to be secured on priority.
Data exposure can be related to how a company handles certain data. Sometimes, sensitive data can be found collected in plain text documents. If sites do not use SSL and do not have HTTPS security on web pages that store information, information may be at danger of being exposed. Other ways information can be exposed include storing it in a database that may be conceded by SQL injection or other types of attacks, using weak cryptographic algorithms or keys, not executing hashed and salted password practices (which is a form of cryptography similar to encryption), and other unsecured data storage. SQL infusion is a code injection technique that allows an invader to interfere with the queries that an application makes to its database. It can be used to steal information from a database via the backend.
The market for medical & life sciences to grow at the highest CAGR Hardware security modules market, by verticals, in 2026
In the field of healthcare, hardware security modules are significant primarily for the telematics infrastructure (TI), such as that of the new electronic health card (eGK) in Germany. The main objective of eGK was to enable cross-system registration and processing and transmission of patient data between trusted participants such as physicians, care providers, medical practices, hospitals, pharmacies, and health insurers within a secure network. It is mandatory for pharmaceuticals companies developing new medicines to follow the standards of security and privacy. These companies also undergo regular audits. In the case of remote secure access, a cloud-based solution allows pharmaceuticals companies to eliminate paper work, share documents easily, automate document handling, and capture regulatory-compliant signatures on handheld devices such as tablets and smartphones. Cloud signing solutions help pharmaceuticals companies save substantially on shipping charges and accelerate time to market and development of new drugs.
The market for the cloud HSM to grow at the highest CAGR during the forecast period
Hardware security modules deployed on the cloud offer the dynamic and virtualized attributes of cloud computing environments. In cloud deployment, cloud service providers only manage the hardware security modules without access to the key. Cloud-based deployment ensures that neither the host CSP nor any external party can access or use cryptographic keys from any backup. With cloud-based hardware security modules, customers have absolute control and authority over keys through separation of duties.
The adoption of cloud-based hardware security modules is anticipated to be high compared with on-premise hardware security modules in the near future because of the performance/availability benefits, as cloud-based deployment reduces network transit times. Utimaco, Gemalto, Microsoft, Amazon, Thales, and IBM, among other such companies, have started offering cloud-based hardware security modules that empower cloud users to implement a high level of cryptographic security. Cloud-based hardware security modules help comply with key management requirements without affecting application performance. Cloud-based hardware security modules offer the most cost-effective solution, as the cost starts as low as USD 4 an hour and can go up to USD 1,300 per month. For instance, IBM offers cloud-based hardware security modules starting as low as USD 1,250 per month, while Microsoft offers an hour of usage at about USD 4. The cloud solution by IBM enables its customers to solve complex security, compliance, data sovereignty, and control challenges associated with migrating and running workloads on the cloud. The cost-effectiveness of cloud deployment is anticipated to largely drive the overall growth of the market.
Europe to hold the largest share of Hardware security modules market in 2020
The European market for hardware security modules has been segmented into Germany, the UK, France, Italy, the Netherlands, and the Rest of Europe. The thriving BFSI, IT & Telecommunications, and medical and life sciences, along with the automotive industry in the region, act as an opportunity for the market. The growth of 4G LTE technology in the region and ongoing developments and smaller deployments of 5G infrastructure are expected to drive the need for enhanced network security, leading to increased demand for hardware security modules across the IT and telecommunications sector.
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Key Players:
A few key hardware security modules market players are Hewlett Packard Enterprise Development LP (US), Thales (US), Utimaco (Germany), International Business Machines Corporation (US), Microchip Technology (US), Infineon Technologies (Germany), Securosys (Switzerland), Spyrus (US), Futurex (US), SWIFT (Belgium), Atos SE (France), and Yubico (US).
Scope of Report
|
Report Metric |
Details |
|
Market size available for years |
2017–2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021–2026 |
|
Forecast units |
USD 1,836 |
|
Segments covered |
By deployment type, by application, by type and by verticals |
|
Geographies covered |
Asia Pacific, Europe, North America |
|
Companies covered |
Thales, STMicroelectronics, IBM, HPE |
This research report categorizes the Hardware security modules market based on offering, end-use application, and region.
HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE
- On-premises
- Cloud
HARDWARE SECURITY MODULES MARKET, BY TYPE
- LAN Based/ Network Attached
- PCI-Based/ Embedded Pluggins
- USB Based/ Portable
- Smart Cards
HARDWARE SECURITY MODULES MARKET, BY APPLICATION
- Payment Processing
- Code and Document Signing
- Authentication
- Application-level encryption
- Database Encryption
- PKI and Credential Management
- Security Sockets Layer (SSL) and Transport Security Layer (TSL)
HARDWARE SECURITY MODULES MARKET, BY VERTICALS
- Consumer Goods & Retail
- Banking, Financial Services and Insurance
- Aerospace & defense
- Public Sector/ Government
- Energy and Power
- Industrial Manufacturing
- Medical and Life Sciences
- Transportation
- IT and Telecommunications
HARDWARE SECURITY MODULES MARKET, BY GEOGRAPHY
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- South Korea
- Australia
- Rest of APAC
- Rest of the World (RoW)
- Middle East and Africa (MEA)
- South America
Recent Developments
- In February 2020, Thales partnered with Fujitsu (Japan) to use Thales’ Cloud Hardware Security Modules (HSM) and Data Protection on Demand to provide a highly secure and convenient end-to-end service for enterprise public key infrastructure (PKI). In addition, Fujitsu integrated Thales’ Key Management platform with its new enterprise data encryption service to offer secure lifecycle management of cryptographic keys of customers. The partnership will ensure enhanced security, compliance, and a cost-effective encryption solution to clients.
- In April 2020, Infineon Technologies acquired Cypress Semiconductor Corporation (US). The addition of Cypress lets Infineon further bolster its focus on structural growth drivers and on a broader range of applications. This will accelerate the company’s path of profitable growth. Cypress adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems, and high-performance memory. All this is highly beneficial to Infineon’s leading power semiconductors, automotive microcontrollers, sensors, and security solutions.
- In August 2019, Hewlett Packard Enterprise acquired the business assets of MapR (US), a leading data platform for artificial intelligence and analytics applications powered by scale-out, multi-cloud, and multi-protocol file system technology. This transaction included MapR’s technology, intellectual property, and domain expertise in artificial intelligence and machine learning (AI/ML), and analytics data management.
Frequently Asked Questions (FAQ):
What is current size of global Hardware security modules market?
The global Hardware security modules market is estimated to be around USD 1.1 billion in 2021 and projected to reach USD 1.8 billion by 2026 at a CAGR of 11.6%.
What is COVID-19 impact on global Hardware security modules market?
The business for hardware security modules specific to medical and telecommunications verticals is less affected compared with other verticals. Maintaining a safe, consistent, and efficient manufacturing process is the basic requirement to ensure the highest quality of products. Growing cost pressures, regulatory and safety guidelines, and increasingly diverse product portfolios are a few of the challenges faced by the manufacturers of hardware security modules. Hardware security modules are used in various verticals such as retail, BFSI, and transportation, and owing to COVID-19, the need for contactless payments has increased for maintaining social distancing, which is further expected to boost the demand for these modules across different sectors. Other verticals are expected to cover up the supply-demand gap within a time span of 2–3 years, and the hardware security modules market is expected to grow gradually until 2026.
Where will all these developments take the industry in the mid-to-long term?
Technology will continue to play a critical role in the Hardware security modules ecosystem. Key players operating in the Hardware security modules marketplace are integrating emerging technologies within their existing ecosystem, which has helped to improve Hardware security modules services.
Who are the winners of global Hardware security modules market?
Companies such as Hewlett Packard Enterprise Development LP (US), Thales (US), Utimaco (Germany), International Business Machines Corporation (US), Microchip Technology (US), Infineon Technologies (Germany), Securosys (Switzerland), Spyrus (US), Futurex (US), SWIFT (Belgium), Atos SE (France), and Yubico (US) are among a few key players in this market.
What are some features of hardware security modules?
A hardware security module (HSM) is a physical device that provides extra security to sensitive data. It manages cryptographic keys for critical functions such as encryption, decryption, and authentication and is deployed for different applications such as application-level encryption, decryption, payment processing, code and document signing, authentication, and database encryption. For instance, businesses may use an HSM to secure trade secrets that have significant value by ensuring only authorized individuals can access the HSM to complete a cryptography key transaction. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 22)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS
1.2.2 INCLUSIONS AND EXCLUSIONS AT COMPANY LEVEL
1.2.3 INCLUSIONS AND EXCLUSIONS AT TYPE LEVEL
1.2.4 INCLUSIONS AND EXCLUSIONS AT DEPLOYMENT TYPE LEVEL
1.2.5 INCLUSIONS AND EXCLUSIONS AT APPLICATION LEVEL
1.2.6 INCLUSIONS AND EXCLUSIONS AT VERTICAL LEVEL
1.2.7 INCLUSIONS AND EXCLUSIONS AT REGIONAL LEVEL
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HARDWARE SECURITY MODULES SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
TABLE 1 CURRENCY CONVERSION RATES
1.5 PACKAGE SIZE
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 29)
2.1 RESEARCH DATA
FIGURE 2 HARDWARE SECURITY MODULES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.3 PRIMARIES
2.1.4 HARDWARE SECURITY MODULES MARKET, BREAKDOWN OF PRIMARIES
2.1.4.1 Primary interviews with experts
2.1.4.2 Key data from primary sources
2.1.5 SECONDARY AND PRIMARY RESEARCH
2.1.5.1 Key industry insights
2.1.5.2 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY KEY PLAYERS IN HARDWARE SECURITY MODULES MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN HARDWARE SECURITY MODULES MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for estimating market size by bottom-up analysis (demand side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for estimating market size by top-down analysis (supply side)
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RISK ASSESSMENT
2.4.1 HARDWARE SECURITY MODULES MARKET, LIMITATIONS AND ASSOCIATED RISKS
TABLE 2 LIMITATIONS AND ASSOCIATED RISKS
2.5 RESEARCH ASSUMPTIONS
2.5.1 RESEARCH ASSUMPTIONS
FIGURE 9 ASSUMPTIONS FOR RESEARCH STUDY
2.5.2 LIMITATIONS
FIGURE 10 LIMITATIONS FOR RESEARCH STUDY
3 EXECUTIVE SUMMARY (Page No. - 44)
3.1 HARDWARE SECURITY MODULES MARKET: PRE-COVID-19 AND POST-COVID-19 SCENARIO ANALYSIS
FIGURE 11 HARDWARE SECURITY MODULES MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS (2017–2026)
3.2 HARDWARE SECURITY MODULES MARKET: REALISTIC SCENARIO
3.3 HARDWARE SECURITY MODULES MARKET: OPTIMISTIC SCENARIO
3.4 HARDWARE SECURITY MODULES MARKET: PESSIMISTIC SCENARIO
FIGURE 12 LAN BASED/NETWORK ATTACHED SEGMENT TO LEAD HARDWARE SECURITY MODULES MARKET FROM 2021 TO 2026
FIGURE 13 CLOUD SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HARDWARE SECURITY MODULES MARKET FROM 2021 TO 2026
FIGURE 14 PAYMENT PROCESSING SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HARDWARE SECURITY MODULES MARKET IN 2026
FIGURE 15 MEDICAL AND LIFE SCIENCES SEGMENT TO GROW AT HIGHEST CAGR IN FORECAST PERIOD
FIGURE 16 EUROPE ACCOUNTED FOR LARGEST SHARE OF HARDWARE SECURITY MODULES MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 51)
4.1 ATTRACTIVE OPPORTUNITIES IN HARDWARE SECURITY MODULES MARKET
FIGURE 17 MARKET GROWTH IS ATTRIBUTED TO ADVANCEMENTS IN NETWORKING AND COMMUNICATION TECHNOLOGIES
4.2 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE
FIGURE 18 CLOUD TO HOLD LARGER MARKET SIZE THAN ON-PREMISE BY 2026
4.3 HARDWARE SECURITY MODULES MARKET FOR MEDICAL AND LIFE SCIENCES, BY REGION
FIGURE 19 EUROPE TO HOLD LARGEST SHARE OF HARDWARE SECURITY MODULES MARKET FOR MEDICAL AND LIFE SCIENCES
4.4 HARDWARE SECURITY MODULES MARKET IN 2020
FIGURE 20 BFSI AND EUROPE ACCOUNTED FOR LARGEST SHARE OF HARDWARE SECURITY MODULES MARKET IN 2020
4.5 HARDWARE SECURITY MODULES MARKET, BY REGION
FIGURE 21 HARDWARE SECURITY MODULES MARKET IN NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 54)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 MARKET DYNAMICS: OVERVIEW
5.2.1 DRIVERS
FIGURE 23 DRIVERS AND THEIR IMPACT
5.2.1.1 Increase in data breaches and cyberattacks
FIGURE 24 NUMBER OF CYBERATTACKS IN US (2005–2020)
5.2.1.2 Stringent data security compliances to drive the demand of hardware security modules
5.2.1.3 Requirement for effective management of cryptographic keys
5.2.2 RESTRAINTS
FIGURE 25 RESTRAINTS AND THEIR IMPACT
5.2.2.1 Costs associated with hardware security modules
5.2.2.2 Strong inclination of customers toward adoption of hardware security modules on rental basis
5.2.3 OPPORTUNITIES
FIGURE 26 OPPORTUNITIES AND THEIR IMPACT
5.2.3.1 Demand for data security in cloud environments
5.2.3.2 Advent of smart cities and IoT to open new latent growth opportunities
5.2.4 CHALLENGES
FIGURE 27 CHALLENGES AND THEIR IMPACT
5.2.4.1 Discovering sensitive data and understanding importance of protecting it by organizations
5.2.4.2 Inability to control key management from outside physical protection boundary of hardware security modules
6 INDUSTRY TRENDS (Page No. - 63)
6.1 VALUE CHAIN ANALYSIS
FIGURE 28 HARDWARE SECURITY MODULES VALUE CHAIN
6.1.1 RESEARCH, DESIGN, AND DEVELOPMENT
6.1.2 RAW MATERIAL SUPPLIERS
6.1.3 OEMS
6.1.4 SYSTEM INTEGRATORS
6.1.5 SUPPLIERS AND DISTRIBUTORS
6.1.6 VERTICALS
6.2 ECOSYSTEM ANALYSIS
TABLE 3 HARDWARE SECURITY MODULES MARKET: ECOSYSTEM
FIGURE 29 KEY PLAYERS IN SMART CARD MARKET ECOSYSTEM
6.3 TECHNOLOGICAL TRENDS
6.3.1 COMMERCIALIZATION OF IOT
6.3.2 EMERGENCE OF 5G
6.3.3 INCREASING DEMAND FOR HARDWARE SECURITY MODULES IN CONTACTLESS SMART CARDS
6.4 AVERAGE SELLING PRICE (ASP) TRENDS
FIGURE 30 AVERAGE SELLING PRICE (USD)
6.5 PATENTS ANALYSIS
TABLE 4 PATENTS RELATED TO HARDWARE SECURITY MODULES
FIGURE 31 NUMBER OF PATENTS FOR HARDWARE SECURITY MODULES FROM 2010 TO 2020
TABLE 5 TOP 10 PATENT OWNERS FOR HARDWARE SECURITY MODULES
6.6 TRADE DATA
FIGURE 32 EXPORTS DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2016–2020 (USD MILLION)
FIGURE 33 IMPORTS DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY, 2016–2020 (USD MILLION
6.7 TARIFFS AND REGULATORY LANDSCAPE
6.7.1 GLOBAL REGULATIONS FOCUSED ON FRAUD PREVENTION AND STANDARDIZATION
6.7.2 THIS STANDARD IMPACTS:
6.7.3 REGULATIONS IN THE US FOCUSED ON CONSUMER PROTECTION
6.7.4 REGULATIONS IN EUROPE FOCUSED ON STANDARDIZATION
6.7.5 REGULATIONS IN APAC FOCUSED ON DOMESTIC PAYMENT NETWORKS
6.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 34 HARDWARE SECURITY MODULES MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 6 PORTER’S FIVE FORCES
FIGURE 35 HARDWARE SECURITY MODULES MARKET: IMPACT OF EACH FORCE ON MARKET
6.8.1 THREAT OF NEW ENTRANTS
6.8.2 THREAT OF SUBSTITUTES
6.8.3 BARGAINING POWER OF SUPPLIERS
6.8.4 BARGAINING POWER OF BUYERS
6.8.5 INTENSITY OF COMPETITIVE RIVALRY
6.9 CASE STUDIES
6.9.1 FARMERS & MERCHANTS BANK IMPLEMENTED [email protected] SOLUTION BY CPI CARD GROUP
6.9.2 RBS DEPLOYED FINGERPRINT BIOMETRIC CARDS FOR PAYMENTS FOR FIRST TIME IN UK
6.9.3 MASTERCARD, IDEMIA, AND MATCHMOVE PARTNERED TO LAUNCH BIOMETRIC CARDS IN ASIA
7 HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE (Page No. - 80)
7.1 INTRODUCTION
FIGURE 36 CLOUD DEPLOYMENT TYPE TO EXHIBIT HIGHER CAGR IN HARDWARE SECURITY MODULE MARKET FROM 2021 TO 2026
TABLE 7 HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION)
TABLE 8 HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
7.2 ON-PREMISE
7.2.1 NEED FOR COMPLETE CONTROL DRIVES DEMAND FOR ON-PREMISE DEPLOYMENT OF HARDWARE SECURITY MODULES
TABLE 9 HARDWARE SECURITY MODULE MARKET FOR ON-PREMISE, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 10 HARDWARE SECURITY MODULE MARKET FOR ON-PREMISE, BY VERTICAL, 2021–2026 (USD MILLION)
7.3 CLOUD
7.3.1 COST-EFFECTIVENESS OF CLOUD-BASED HARDWARE SECURITY MODULES WILL DRIVE MARKET GROWTH
TABLE 11 HARDWARE SECURITY MODULE MARKET FOR CLOUD, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 12 HARDWARE SECURITY MODULE MARKET FOR CLOUD, BY VERTICAL, 2021–2026 (USD MILLION)
8 HARDWARE SECURITY MODULES MARKET, BY APPLICATION (Page No. - 85)
8.1 INTRODUCTION
FIGURE 37 AUTHENTICATION TO EXHIBIT HIGHEST CAGR IN HARDWARE SECURITY MODULE MARKET FROM 2021 TO 2026
TABLE 13 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 14 HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 15 HARDWARE SECURITY MODULES MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 16 HARDWARE SECURITY MODULES MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 17 HARDWARE SECURITY MODULES MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 18 HARDWARE SECURITY MODULES MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 19 HARDWARE SECURITY MODULES MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 20 HARDWARE SECURITY MODULES MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 21 HARDWARE SECURITY MODULES MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 22 HARDWARE SECURITY MODULES MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
8.2 PAYMENT PROCESSING
8.2.1 SOPHISTICATED PAYMENT PROCESSING METHODS ARE IN DEMAND FOR IMPROVING ELECTRONIC TRANSACTIONS
8.3 CODE AND DOCUMENT SIGNING
8.3.1 HIGH ADOPTION IN CODE AND DOCUMENT SIGNING TO BOOST DEMAND FOR HARDWARE SECURITY MODULES
8.4 SECURITY SOCKETS LAYER (SSL) AND TRANSPORT SECURITY LAYER (TSL)
8.4.1 INCREASED DEMAND FOR SSL AND TSL DRIVES DEMAND FOR HARDWARE SECURITY MODULES IN IT AND TELECOMMUNICATIONS
8.5 AUTHENTICATION
8.5.1 GROWING NEED FOR HARDWARE SECURITY MODULES IN AUTHENTICATION APPLICATION PROPELS MARKET GROWTH
8.6 DATABASE ENCRYPTION
8.6.1 STRONG FOCUS ON PROTECTING DATA THROUGH ENCRYPTION WOULD BOOST DEMAND FOR HARDWARE SECURITY MODULES
8.7 PKI AND CREDENTIAL MANAGEMENT
8.7.1 ESCALATED DEMAND FOR HARDWARE SECURITY MODULES IN CREDENTIAL MANAGEMENT TO ENABLE USERS TO SAFELY TRANSMIT DATA
8.8 APPLICATION-LEVEL ENCRYPTION
8.8.1 REQUIREMENT TO ENHANCE EFFICIENCY AND ACCURACY OF COMPLIANCES DRIVES DEMAND FOR HARDWARE SECURITY MODULES
9 HARDWARE SECURITY MODULES MARKET, BY TYPE (Page No. - 95)
9.1 INTRODUCTION
FIGURE 38 USB BASED/PORTABLE TO EXHIBIT HIGHEST CAGR IN HARDWARE SECURITY MODULE MARKET FROM 2021 TO 2026
TABLE 23 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 24 HARDWARE SECURITY MODULES MARKET, BY TYPE, 2021–2026 (USD MILLION)
TABLE 25 HARDWARE SECURITY MODULES MARKET IN NORTH AMERICA, BY TYPE, 2017–2020 (USD MILLION)
TABLE 26 HARDWARE SECURITY MODULES MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION)
TABLE 27 HARDWARE SECURITY MODULES MARKET IN EUROPE, BY TYPE, 2017–2020 (USD MILLION)
TABLE 28 HARDWARE SECURITY MODULES MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 29 HARDWARE SECURITY MODULES MARKET IN APAC, BY TYPE, 2017–2020 (USD MILLION)
TABLE 30 HARDWARE SECURITY MODULES MARKET IN APAC, BY TYPE, 2021–2026 (USD MILLION)
TABLE 31 HARDWARE SECURITY MODULES MARKET IN ROW, BY TYPE, 2017–2020 (USD THOUSAND)
TABLE 32 HARDWARE SECURITY MODULES MARKET IN ROW, BY TYPE, 2021–2026 (USD THOUSAND)
9.2 LAN-BASED/NETWORK-ATTACHED HSM
9.2.1 LAN-BASED HSM CAN ACT AS A CENTRALIZED KEY MANAGEMENT SYSTEM
9.3 PCI-BASED OR EMBEDDED PLUGIN HSM
9.3.1 PCI-BASED HSM CAN SECURE ENTIRE ELECTRONIC CONTROL UNIT (ECU)
9.4 USB BASED OR PORTABLE HSM
9.4.1 PORTABLE HSM CAN PERFORM ENCRYPTION AND KEY PROTECTION
9.5 SMART CARDS
9.5.1 SMART CARDS STORE DATA AND PROTECT COMMUNICATION NETWORKS
10 HARDWARE SECURITY MODULES MARKET, BY VERTICAL (Page No. - 102)
10.1 INTRODUCTION
FIGURE 39 MEDICAL & LIFE SCIENCES VERTICAL TO GROW AT HIGHEST CAGR IN HARDWARE SECURITY MODULES MARKET FROM 2021 TO 2026
TABLE 33 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 34 HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
10.2 BANKING, FINANCIAL SERVICES AND INSURANCE
10.2.1 HARDWARE SECURITY MODULES HELP MITIGATE RISKS OF ONLINE FINANCIAL FRAUDS
TABLE 35 HARDWARE SECURITY MODULES MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 36 HARDWARE SECURITY MODULES MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 37 HARDWARE SECURITY MODULES MARKET FOR BFSI IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 38 HARDWARE SECURITY MODULES MARKET FOR BFSI IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 39 HARDWARE SECURITY MODULES MARKET FOR BFSI IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 40 HARDWARE SECURITY MODULES MARKET FOR BFSI IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 41 HARDWARE SECURITY MODULES MARKET FOR BFSI IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 42 HARDWARE SECURITY MODULES MARKET FOR BFSI IN ROW, BY COUNTRY, 2021–2026 (USD MILLION)
10.3 IT & TELECOMMUNICATIONS
10.3.1 NEED FOR STRONG AUTHENTICATION AND DEVICE SECURITY ALONG WITH DEVELOPMENTS IN 5G INFRASTRUCTURE ARE DRIVING MARKET GROWTH
TABLE 43 HARDWARE SECURITY MODULES MARKET FOR IT & TELECOMMUNICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 44 HARDWARE SECURITY MODULES MARKET FOR IT & TELECOMMUNICATIONS IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 45 HARDWARE SECURITY MODULES MARKET FOR IT & TELECOMMUNICATIONS IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 46 HARDWARE SECURITY MODULES MARKET FOR IT & TELECOMMUNICATIONS IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 47 HARDWARE SECURITY MODULES MARKET FOR IT & TELECOMMUNICATIONS IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 48 HARDWARE SECURITY MODULES MARKET FOR IT & TELECOMMUNICATIONS IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 49 HARDWARE SECURITY MODULES MARKET FOR IT & TELECOMMUNICATIONS IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 50 HARDWARE SECURITY MODULES MARKET FOR IT & TELECOMMUNICATIONS IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.4 PUBLIC SECTOR/GOVERNMENT
10.4.1 NEED FOR PROLONGED DATA PROTECTION IRRESPECTIVE OF LOCATION IS EXPECTED TO DRIVE DEMAND FOR HARDWARE SECURITY MODULES
TABLE 51 HARDWARE SECURITY MODULES MARKET FOR PUBLIC SECTOR/GOVERNMENT IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 52 HARDWARE SECURITY MODULES MARKET FOR PUBLIC SECTOR/GOVERNMENT IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 53 HARDWARE SECURITY MODULES MARKET FOR PUBLIC SECTOR/GOVERNMENT IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 54 HARDWARE SECURITY MODULES MARKET FOR PUBLIC SECTOR/GOVERNMENT IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 55 HARDWARE SECURITY MODULES MARKET FOR PUBLIC SECTOR/GOVERNMENT IN APAC, BY COUNTRY, 2017–2020 (USD THOUSAND)
TABLE 56 HARDWARE SECURITY MODULES MARKET FOR PUBLIC SECTOR/GOVERNMENT IN APAC, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 57 HARDWARE SECURITY MODULES MARKET FOR PUBLIC SECTOR/GOVERNMENT IN ROW, BY REGION, 2017–2020 (USD THOUSAND)
TABLE 58 PUBLIC SECTOR/GOVERNMENT HARDWARE SECURITY MODULES MARKET IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
10.5 INDUSTRIAL MANUFACTURING
10.5.1 EXCHANGE OF DATA ACROSS MULTIPLE BUSINESS LEVELS IS FACILITATED USING HARDWARE SECURITY MODULES
TABLE 59 HARDWARE SECURITY MODULES MARKET FOR INDUSTRIAL MANUFACTURING IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 60 HARDWARE SECURITY MODULES MARKET FOR INDUSTRIAL MANUFACTURING IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 61 HARDWARE SECURITY MODULES MARKET FOR INDUSTRIAL MANUFACTURING IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 62 HARDWARE SECURITY MODULES MARKET FOR INDUSTRIAL MANUFACTURING IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 63 HARDWARE SECURITY MODULES MARKET FOR INDUSTRIAL MANUFACTURING IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 64 HARDWARE SECURITY MODULES MARKET FOR INDUSTRIAL MANUFACTURING IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 65 HARDWARE SECURITY MODULES MARKET FOR INDUSTRIAL MANUFACTURING IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 66 HARDWARE SECURITY MODULES MARKET FOR INDUSTRIAL MANUFACTURING IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.6 ENERGY & POWER
10.6.1 CRITICAL INFRASTRUCTURE FACILITIES REQUIRE INTEGRATION OF HARDWARE SECURITY MODULES TO ENHANCE SECURITY PROTOCOLS
TABLE 67 HARDWARE SECURITY MODULES MARKET FOR ENERGY & POWER IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 68 HARDWARE SECURITY MODULES MARKET FOR ENERGY & POWER IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 69 HARDWARE SECURITY MODULES MARKET FOR ENERGY & POWER IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 70 HARDWARE SECURITY MODULES MARKET FOR ENERGY & POWER IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 71 HARDWARE SECURITY MODULES MARKET FOR ENERGY & POWER IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 72 HARDWARE SECURITY MODULES MARKET FOR ENERGY & POWER IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 73 HARDWARE SECURITY MODULES MARKET FOR ENERGY & POWER IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 74 HARDWARE SECURITY MODULES MARKET FOR ENERGY & POWER IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.7 CONSUMER GOODS & RETAIL
10.7.1 SECURING PROPRIETARY INFORMATION IS CRUCIAL TO RETAIL SECTOR AND WILL DRIVE DEMAND FOR HSM
TABLE 75 HARDWARE SECURITY MODULES MARKET FOR CONSUMER GOODS & RETAIL IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 76 HARDWARE SECURITY MODULES MARKET FOR CONSUMER GOODS & RETAIL IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 77 HARDWARE SECURITY MODULES MARKET FOR CONSUMER GOODS & RETAIL IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 78 HARDWARE SECURITY MODULES MARKET FOR CONSUMER GOODS & RETAIL IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 79 HARDWARE SECURITY MODULES MARKET FOR CONSUMER GOODS & RETAIL IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 80 HARDWARE SECURITY MODULES MARKET FOR CONSUMER GOODS & RETAIL IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 81 HARDWARE SECURITY MODULES MARKET FOR CONSUMER GOODS & RETAIL IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 82 HARDWARE SECURITY MODULES MARKET FOR CONSUMER GOODS & RETAIL IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.8 MEDICAL & LIFE SCIENCES
10.8.1 NEED OF SHARING DATA ONLY ACROSS TRUSTED PARTNERS AND DEVICES DRIVES DEMAND FOR HARDWARE SECURITY MODULES
TABLE 83 HARDWARE SECURITY MODULES MARKET FOR MEDICAL & LIFE SCIENCES IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 84 HARDWARE SECURITY MODULES MARKET FOR MEDICAL & LIFE SCIENCES IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 85 HARDWARE SECURITY MODULES MARKET FOR MEDICAL & LIFE SCIENCES IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 86 HARDWARE SECURITY MODULES MARKET FOR MEDICAL & LIFE SCIENCES IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 87 HARDWARE SECURITY MODULES MARKET FOR MEDICAL & LIFE SCIENCES IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 88 HARDWARE SECURITY MODULES MARKET FOR MEDICAL & LIFE SCIENCES IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 89 HARDWARE SECURITY MODULES MARKET FOR MEDICAL & LIFE SCIENCES IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 90 HARDWARE SECURITY MODULES MARKET FOR MEDICAL & LIFE SCIENCES IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.9 AEROSPACE & DEFENSE
10.9.1 HARDWARE SECURITY MODULES ARE USED TO SAFEGUARD CRITICAL DATA OF AEROSPACE & DEFENSE INDUSTRY
TABLE 91 HARDWARE SECURITY MODULES MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 92 HARDWARE SECURITY MODULES MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 93 HARDWARE SECURITY MODULES MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 94 HARDWARE SECURITY MODULES MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 95 HARDWARE SECURITY MODULES MARKET FOR AEROSPACE & DEFENSE IN APAC, BY COUNTRY, 2017–2020 (USD THOUSAND)
TABLE 96 HARDWARE SECURITY MODULES MARKET FOR AEROSPACE & DEFENSE IN APAC, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 97 HARDWARE SECURITY MODULES MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 98 HARDWARE SECURITY MODULES MARKET FOR AEROSPACE & DEFENSE IN ROW, BY COUNTRY, 2021–2026 (USD MILLION)
10.10 TRANSPORTATION
10.10.1 DEVELOPMENTS IN CONNECTED CARS WILL DRIVE MARKET GROWTH
TABLE 99 HARDWARE SECURITY MODULES MARKET FOR TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 100 HARDWARE SECURITY MODULES MARKET FOR TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 101 HARDWARE SECURITY MODULES MARKET FOR TRANSPORTATION IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 102 HARDWARE SECURITY MODULES MARKET FOR TRANSPORTATION IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 103 HARDWARE SECURITY MODULES MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 104 HARDWARE SECURITY MODULES MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 105 HARDWARE SECURITY MODULES MARKET FOR TRANSPORTATION IN ROW, BY REGION, 2017–2020 (USD THOUSAND)
TABLE 106 HARDWARE SECURITY MODULES MARKET FOR TRANSPORTATION IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
11 GEOGRAPHIC ANALYSIS (Page No. - 134)
11.1 INTRODUCTION
FIGURE 40 GEOGRAPHIC SNAPSHOT: HARDWARE SECURITY MODULES MARKET IN ROW TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 41 EUROPE TO DOMINATE HARDWARE SECURITY MODULE THROUGHOUT FORECAST PERIOD
TABLE 107 HARDWARE SECURITY MODULES MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 108 HARDWARE SECURITY MODULES MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2 NORTH AMERICA
TABLE 109 HARDWARE SECURITY MODULES MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 110 HARDWARE SECURITY MODULES MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
FIGURE 42 NORTH AMERICA: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
11.2.1 US
11.2.1.1 Surging adoption of communication devices to facilitate high-quality encrypted services drives demand for HSMs
11.2.2 CANADA
11.2.2.1 Expected demand for cloud-based hardware security modules would drive market growth in Canada
11.2.3 MEXICO
11.2.3.1 Rising demand for improved network security across automotive manufacturing plants to drive market growth
11.3 EUROPE
TABLE 111 HARDWARE SECURITY MODULES MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 112 HARDWARE SECURITY MODULES MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
FIGURE 43 EUROPE: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
11.3.1 GERMANY
11.3.1.1 Automotive industry is expected to drive demand for hardware security modules across connected networks
11.3.2 UK
11.3.2.1 Increasing adoption of advanced interconnected technologies to foster market growth
11.3.3 FRANCE
11.3.3.1 Rising adoption of hardware security modules in aerospace and medical & life sciences verticals
11.3.4 ITALY
11.3.4.1 Expected surge in adoption of hardware security modules in automotive and aerospace & defense verticals
11.3.5 NETHERLANDS
11.3.5.1 Booming consumer goods & retail and industrial manufacturing verticals to help revive demand for hardware security modules
11.3.6 RUSSIA
11.3.7 REST OF EUROPE
11.4 APAC
TABLE 113 HARDWARE SECURITY MODULES MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 114 HARDWARE SECURITY MODULES MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
FIGURE 44 APAC: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
11.4.1 CHINA
11.4.1.1 Growth of different manufacturing facilities drives demand for hardware security modules in China
11.4.2 JAPAN
11.4.2.1 Thriving consumer goods & retail, medical devices, and IT & Telecommunications industries to drive demand for hardware security modules
11.4.3 INDIA
11.4.3.1 Ongoing initiatives to boost foreign direct investments to support market growth
11.4.4 SOUTH KOREA
11.4.4.1 Surging adoption of hardware security modules in consumer goods & retail sector continues to drive market growth amidst pandemic
11.4.5 AUSTRALIA
11.4.5.1 Rising adoption of hardware security modules by IT and telecom service providers to promote market growth
11.4.6 REST OF APAC
11.5 ROW
TABLE 115 HARDWARE SECURITY MODULES MARKET IN ROW, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 116 HARDWARE SECURITY MODULES MARKET IN ROW, BY COUNTRY, 2021–2026 (USD MILLION)
FIGURE 45 ROW: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET
11.5.1 SOUTH AMERICA
11.5.1.1 Brazil
11.5.1.1.1 Booming healthcare industry to create revenue pockets for providers of hardware security modules
11.5.1.2 Argentina
11.5.1.2.1 Government initiatives to boost economic growth would drive demand for hardware security modules
11.5.1.3 Rest of South America
11.5.2 MIDDLE EAST & AFRICA
11.5.2.1 Saudi Arabia
11.5.2.1.1 Preventive measures adopted by government will help revive demand for hardware security modules
11.5.2.2 United Arab Emirates (UAE)
11.5.2.2.1 Government policies to boost market growth would help drive demand during forecast period
11.5.2.3 Rest of Middle East and Africa
12 COMPETITIVE LANDSCAPE (Page No. - 155)
12.1 OVERVIEW
FIGURE 46 COMPANIES ADOPTED PRODUCT LAUNCHES AND DEVELOPMENTS AS KEY GROWTH STRATEGIES FROM JANUARY 2018 TO MARCH 2021
12.2 MARKET SHARE ANALYSIS
TABLE 117 HARDWARE SECURITY MODULES MARKET: DEGREE OF COMPETITION
TABLE 118 HARDWARE SECURITY MODULES MARKET: MARKET RANKING ANALYSIS
12.3 REVENUE ANALYSIS, 2016–2020
FIGURE 47 FIVE-YEAR REVENUE SNAPSHOT OF KEY COMPANIES (USD MILLION)
12.4 COMPANY EVALUATION QUADRANT, 2020
12.4.1 STAR
12.4.2 PERVASIVE
12.4.3 EMERGING LEADER
12.4.4 PARTICIPANT
FIGURE 48 HARDWARE SECURITY MODULES MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020
12.5 COMPETITIVE BENCHMARKING
12.5.1 PRODUCT FOOTPRINT (14 COMPANIES)
TABLE 119 TYPE FOOTPRINT OF COMPANIES (25 COMPANIES)
TABLE 120 DEPLOYMENT TYPE FOOTPRINT OF COMPANIES (25 COMPANIES)
TABLE 121 REGIONAL FOOTPRINT OF COMPANIES (25 COMPANIES)
TABLE 122 OVERALL FOOTPRINT OF COMPANIES (25 COMPANIES)
12.6 STARTUP/SME EVALUATION QUADRANT, 2020
12.6.1 PROGRESSIVE COMPANY
12.6.2 RESPONSIVE COMPANY
12.6.3 DYNAMIC COMPANIES
12.6.4 STARTING BLOCKS
FIGURE 49 HARDWARE SECURITY MODULES MARKET (GLOBAL) STARTUP/SME EVALUATION QUADRANT, 2020
12.7 COMPETITIVE SCENARIO AND TRENDS
12.7.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 123 HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2018–MARCH 2021
12.7.2 DEALS
TABLE 124 LARGE FORMAT MARKET: DEALS, JANUARY 2018–MARCH 2021
13 COMPANY PROFILES (Page No. - 177)
13.1 KEY COMPANIES
(Business Overview, Products, Key Insights, Recent Developments, MnM View)*
13.1.1 THALES
TABLE 125 THALES: BUSINESS OVERVIEW
FIGURE 50 THALES: COMPANY SNAPSHOT
TABLE 126 THALES: PRODUCTS OFFERED
TABLE 127 THALES E-SECURITY: PRODUCT LAUNCHES
TABLE 128 THALES: DEALS
13.1.2 STMICROELECTRONICS
TABLE 129 STMICROELECTRONICS: BUSINESS OVERVIEW
FIGURE 51 STMICROELECTRONICS: COMPANY SNAPSHOT
TABLE 130 STMICROELECTRONICS: PRODUCTS OFFERED
TABLE 131 STMICROELECTRONICS: PRODUCT LAUNCHES
13.1.3 IBM
TABLE 132 IBM: BUSINESS OVERVIEW
FIGURE 52 IBM: COMPANY SNAPSHOT
TABLE 133 IBM: PRODUCTS OFFERED
TABLE 134 IBM: DEALS
13.1.4 INFINEON TECHNOLOGIES
TABLE 135 INFINEON TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 53 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 136 INFINEON TECHNOLOGIES: PRODUCTS OFFERED
TABLE 137 INFINEON TECHNOLOGIES: DEALS
13.1.5 HEWLETT PACKARD ENTERPRISE
TABLE 138 HEWLETT PACKARD ENTERPRISE: BUSINESS OVERVIEW
FIGURE 54 HPE: COMPANY SNAPSHOT
TABLE 139 HEWLETT PACKARD ENTERPRISE: PRODUCTS OFFERED
TABLE 140 HEWLETT PACKARD ENTERPRISE: DEALS
13.1.6 MICROCHIP TECHNOLOGY
TABLE 141 MICROCHIP TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 55 MICROCHIP TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 142 MICROCHIP TECHNOLOGY: PRODUCTS OFFERED
13.1.7 FUTUREX
TABLE 143 FUTUREX: BUSINESS OVERVIEW
TABLE 144 FUTUREX: PRODUCTS OFFERED
TABLE 145 FUTUREX: PRODUCT LAUNCHES
TABLE 146 FUTUREX: DEALS
13.1.8 ATOS SE
TABLE 147 ATOS SE: BUSINESS OVERVIEW
FIGURE 56 ATOS: COMPANY SNAPSHOT
TABLE 148 ATOS SE: PRODUCTS OFFERED
TABLE 149 ATOS SE: PRODUCT LAUNCHES
TABLE 150 ATOS SE: DEALS
13.1.9 YUBICO
TABLE 151 YUBICO: BUSINESS OVERVIEW
TABLE 152 YUBICO: PRODUCTS OFFERED
TABLE 153 YUBICO: PRODUCT LAUNCHES
TABLE 154 YUBICO: DEALS
13.1.10 UTIMACO
TABLE 155 UTIMACO: BUSINESS OVERVIEW
TABLE 156 UTIMACO: PRODUCTS OFFERED
TABLE 157 UTIMACO: PRODUCT LAUNCHES
TABLE 158 UTIMACO: DEALS
13.1.11 SWIFT
TABLE 159 SWIFT: BUSINESS OVERVIEW
FIGURE 57 SWIFT: COMPANY SNAPSHOT
TABLE 160 SWIFT: PRODUCTS OFFERED
13.1.12 SECUROSYS
TABLE 161 SECUROSYS: BUSINESS OVERVIEW
TABLE 162 SECUROSYS: PRODUCTS OFFERED
TABLE 163 SECUROSYS: PRODUCT LAUNCHES
TABLE 164 SECUROSYS: DEALS
13.1.13 SPYRUS
TABLE 165 SPYRUS: BUSINESS OVERVIEW
TABLE 166 SPYRUS: PRODUCTS OFFERED
TABLE 167 SPYRUS: PRODUCT LAUNCHES
*Details on Business Overview, Products, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS
13.2.1 LEDGER
TABLE 168 LEDGER: COMPANY OVERVIEW
13.2.2 ULTRA ELECTRONICS
TABLE 169 ULTRA ELECTRONICS: COMPANY OVERVIEW
13.2.3 ADWEB TECHNOLOGIES
TABLE 170 ADWEB TECHNOLOGIES: COMPANY OVERVIEW
13.2.4 EFFICIENT INDIA
TABLE 171 EFFICIENT INDIA: COMPANY OVERVIEW
13.2.5 LATTICE SEMICONDUCTORS
TABLE 172 LATTICE SEMICONDUCTORS: COMPANY OVERVIEW
13.2.6 ELLIPTICSECURE
TABLE 173 ELLIPTICSECURE: COMPANY OVERVIEW
13.2.7 AMAZON INC.
TABLE 174 AMAZON INC.: COMPANY OVERVIEW
13.2.8 ENTRUST SECURITY
TABLE 175 ENTRUST SECURITY: COMPANY OVERVIEW
13.2.9 ASSA ABLOY
TABLE 176 ASSA ABLOY: COMPANY OVERVIEW
13.2.10 SANSEC TECHNOLOGY
TABLE 177 SANSEC TECHNOLOGY: COMPANY OVERVIEW
13.2.11 MICRO FOCUS
TABLE 178 MICRO FOCUS: COMPANY OVERVIEW
13.2.12 REALSEC
TABLE 179 REALSEC: COMPANY OVERVIEW
14 APPENDIX (Page No. - 226)
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the Hardware security modules market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information important for this study. These secondary sources include biometric technologies journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the Hardware security modules market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information, as well as to verify and validate the critical numbers arrived at.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the Hardware security modules market and other dependent submarkets listed in this report.
- Key players in the industry and markets were identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Bottom-Up approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data was triangulated by studying various factors and trends identified from both demand and supply sides in government, consumer electronics, healthcare, banking & finance, travel & immigration, automotive, and military & defense verticals, among others.
Report Objectives
The following are the primary objectives of the study.
- To define, describe, and forecast the Hardware security modules market based on the deployment type, type, applications, verticals, and geography
- To forecast the market size of various segments with respect to 4 main regions: North America, Europe, Asia Pacific, and Rest of the World
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile the key players and comprehensively analyze their market ranking and core competencies, along with detailing the competitive landscape for market leaders
- To analyze the competitive developments such as agreements, contracts, partnerships, acquisitions, and product launches & developments carried out in the Hardware security modules market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Get in-depth analysis of the COVID-19 impact on the Hardware Security Modules Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Hardware Security Modules Market
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- Who will be your Top Customer; what will make them switch?
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Growth opportunities and latent adjacency in Hardware Security Modules Market