HOME Research Insight Gemalto NV (Amsterdam) and Thales e-Security, Inc. (U.S.) are theTop 2 players in the global Hardware Security Modules Market

Gemalto NV (Amsterdam) and Thales e-Security, Inc. (U.S.) are theTop 2 players in the global Hardware Security Modules Market

The growth of the market is driven by various factors such as the increased in data breaches and cyberattacks, the mandates for HSM manufacturers to comply with internal and external privacy and data security regulations, and effective management of cryptographic keys are driving the growth of the hardware security modules market

The hardware security modules market was valued at USD 520.3 Million in 2016 and is expected to reach USD 1,101.2 Million by 2022, at a CAGR of 12.87% during the forecast period. The market is further driven by the high regulatory compliances for data security in various regions and in the emerging economies of the Middle East and Asia Pacific regions to safeguard the highly sensitive data and information from the data breaches. The market in Latin America is expected to grow at the highest CAGR during the forecast period. Europe is one of the top contributors to this market and is expected to grow due to the high regulatory compliances and adoption of technology for securing the sensitive data also due to the presence of major players in the region.

Some of the major companies operating in the global hardware security modules market are Gemalto NV (Amsterdam), Thales e-Security, Inc. (U.S.), Utimaco GmbH (Germany), International Business Machines Corporation (U.S.), FutureX (U.S.), Hewlett-Packard Enterprise Development LP (U.S.) SWIFT (Belgium), Atos SE (France), Ultra-Electronics (U.K.), and Yubico (U.S.).

Top 2 players in the hardware security modules market:

Gemalto NV was originally incorporated in the Netherlands as Axalto Holding N.V., a public company with limited liability, on December 10, 2002. Then, the name was changed to Gemalto on June 2, 2006. The company specializes in delivering the products and services related to digital security, SIM cards, EMV payment, smart cards, e-passports and e-government, data encryption, mobile financial services and NFC, software monetization, and contactless payments. In 2014, Gemalto NV acquired SafeNet, the leader in data and software protection. The acquisition of SafeNet enables Gemalto NV to further accelerate the deployment of strong security solutions in the enterprise and cloud environment. Also, the company is strengthening its products offered in the digital security market.

Thales e-Security Inc. is a wholly owned subsidiary of the Thales Group, which was founded in 2000 and is based in Paris, France. Thales e-Security Inc. is a global provider of data encryption and cyber security solutions, protecting the most sensitive applications and information. The company’s e-security solutions enhance privacy, trusted identities, and secure payments with certified, high-performance encryption, and digital signature technology for end users. Thales e-Security Inc. is a global provider of data protection solutions. By protecting the confidentiality, integrity, and availability of sensitive information that flows through the traditional, virtualized, and cloud-based infrastructures, Thales e-Security is helping organizations reduce risks, demonstrate compliance, enhance agility, and pursue strategic goals with greater confidence.

The stakeholders involved in the value chain of this market include HSM original equipment manufacturers (OEMs), HSM component manufacturers, encryption platform technology providers, professional service providers; government associations, organizations related to HSM such as PCI standard council;,  end users of hardware security modules across various industries such as banking and financial services, government, healthcare and life science, energy and utility, industrial and manufacturing, retail and consumer products, and technology and communication.

Related Reports:

Hardware Security Modules Market by Type (LAN Based, PCIE Based, USB Based), Application (Payment Processing, Authentication, PKI, Code and Document Signing, SSL), Deployment Type, Industry, and Geography - Global Forecast to 2022

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