Hardware Security Modules Market

Market Leader - Hardware Security Modules Market

The global Hardware security modules market is expected to grow from USD 1.1 billion in 2021 to USD 1.8 billion by 2026, at a CAGR of 11.3%. Increasing demand for Hardware security modules products in medical & life sciences and IT & telecommunications industry to drive the market.

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.

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).

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Thales, a subsidiary of Thales Group, is one of the leading players in the hardware security modules market. The company specializes in products and solutions such as data protection, key management, payment security, network encryption, privacy regulation compliance, cloud security, big data, IoT, encryption, cryptography, hardware security modules, SecDevOps, data security, digital transformation, access management, secure access, Hardware security modules , and compliance. Its hardware security module products include the nShield portfolio of multi-purpose hardware security modules and payShield family of payment hardware security modules. CipherTrust is Thales e-Security’s hardware security modules management solution in the form of a complete monitoring and management platform. The company’s identity management products include authentication and user identity management, while its network encryption appliances include its datacryptor network encryption portfolio. The company provides data protection products to various businesses, governments, and technology providers. Some of its customers are 21 North Atlantic Treaty Organization (NATO) countries, energy and aerospace companies, and financial institutions. Thales has its presence through sales offices in the Americas, APAC, Europe, the Middle East, and Africa.

STMicroelectronics designs, develops, manufactures, and markets semiconductor products for a wide range of applications and end-user markets. It was incorporated in 1987 and is headquartered in Geneva, Switzerland. It provides products for applications such as automation, building technology, communications and networking, computer and personal multimedia, energy and smart grid, healthcare and wellness, home appliances and power tools, the Internet of Things, LED and general lighting, motor control, multimedia convergence, power supplies and converters, and transportation. The company classifies its business operations into four segments: Automotive and Discrete Group, Analog MEMS and Sensors Group, Microcontrollers and Digital ICs Group, and Others. The company offers hardware security modules through the Microcontrollers and Digital ICs Group segment. The company has operations in the Netherlands, France, Italy, the US, Singapore, and Japan, among other countries.

Related Reports:

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

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Report Code
SE 5117
RI Published ON
7/2/2021
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