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Global Hardware Security Module Market to reach USD 2.16 billion by 2027

Global Hardware Security Module Market to reach USD 2.16 billion by 2027

Product Code: ICTNS-35484788
Publish Date: 11-07-2021
Page: 200

Global Hardware Security Module Market is valued at approximately USD 1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11.6 % over the forecast period 2021-2027. Hardware protection module is a management system that protects private (digital) keys and certificates from emerging information threats. The system helps organizations achieve the required compliance with strict data privacy policies and protect against disclosure and misuse of sensitive corporate assets, personal information of customers, and electronic transactions. Increasing adaptation of IoT and cloud-based services is also expected to fuel the Hardware Security Module Market Increasing usage of internet banking , digital payments, and the popularity of bitcoins, that raise demand of a security system, is propelling the market growth. For instance, the rise of 4G LTE technology in the Europe and current developments and smaller placements of 5G infrastructure are likely to drive the requirement for improved network security, leading to amplified demand for hardware security modules across the IT and telecommunications sector. Moreover several key players are taking strategic initiatives to expand their presence in the market for instance,
• In February 2020, Thales partnered with Fujitsu (Japan) to practice Thales’ Cloud Hardware Security Modules (HSM) and Data Protection on Demand to enable a highly secure and suitable end-to-end service for enterprise public key infrastructure (PKI). Further, Fujitsu combined Thales’ Key Management platform with its new enterprise data encryption service to offer protected lifecycle management of cryptographic keys of customers. The partnership will safeguard greater security, compliance, and a cost-effective encryption solution to clients.
• In April 2020, Infineon Technologies acquired Cypress Semiconductor Corporation (US). The count of Cypress lets Infineon further boost its focus on structural growth drivers and on a wider range of applications. This will fast-track the company’s path of profitable growth. Cypress adds a distinguished portfolio of connectivity components, microcontrollers, high-performance memory and software ecosystem.

The regional analysis of the global Hardware Security Module Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). Latin America is the leading region across the world in terms of market share due to introduction of new regulatory compliance, requirements, and the implementation of modern technologies such as cloud and IoT. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to growing focus on payment digitization system.

Major market player included in this report are:

Gemalto NV

Thales E-Security Inc.
Utimaco GmbH
International Business Machines Corporation
Hewlett Packard Enterprise Company
Ultra Electronics
Securosys SA
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

LAN Based
PCIE Based
USB Based

By Application:

Payment Processing
Code & document Signing
Secure Sockets layers, and transport Layer Security
Database Encryption
Credential Management
Application-Level Encryption
By End use:

Telecommunication & IT
Energy & Utilities
Entertainment & Media
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018-19
Base year – 2019-2020
Forecast period – 2021 to 2027.

Target Audience of the Global Hardware Security Modules Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Hardware Security Modules Market, by Type, 2019-2027 (USD Billion)
1.2.2. Hardware Security Modules Market, by Application, 2019-2027 (USD Billion)
1.2.3. Hardware Security Modules Market, by End-Users, 2019-2027 (USD Billion)
1.2.4. Hardware Security Modules Market, by Region, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hardware Security Module Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hardware Security Module Market Dynamics
3.1. Hardware Security Module Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Requirement for effective management of cryptographic keys Increasing adaptation of IoT and cloud-based services
3.1.2. Market Restraint High cost of hardware security modules Lack of standardization
3.1.3. Market Opportunities Rise in technological advancements
Chapter 4. Global Hardware Security Module MarketIndustry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Hardware Security Module Market, by Type
5.1. Market Snapshot
5.2. Global Hardware Security Module Market by Type, Performance – Potential Analysis
5.3. Global Hardware Security Module Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Hardware Security Module Market, Sub Segment Analysis
5.4.1. LAN Based/ Network Attached
5.4.2. PCI-Based/Embedded Pluggins
5.4.3. USB Based/Portable
5.4.4. Smart Cards
Chapter 6. Global Hardware Security Module Market Fabrics Market, by Application
6.1. Market Snapshot
6.2. Global Hardware Security Module Market by Application, Performance – Potential Analysis
6.3. Global Hardware Security Module Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.4. Hardware Security Module Market Fabrics Market, Sub Segment Analysis
6.4.1. Payment processing
6.4.2. Code and Document Signing
6.4.3. Authentication
6.4.4. Database Encryption
6.4.5. PKI and Credential Management
6.4.6. Security Sockets Layer (SSL) and Transport Security Layer (TSL)
Chapter 7. Global Hardware Security Module Market Fabrics Market, by End use
7.1. Market Snapshot
7.2. Global Hardware Security Module Market by End use, Performance – Potential Analysis
7.3. Global Hardware Security Module Market Estimates & Forecasts by End use 2018-2027 (USD Billion)
7.4. Hardware Security Module Market by, Sub Segment Analysis
7.4.1. Consumer Goods and Retail
7.4.2. Banking, Financial Services and Insurance
7.4.3. Aerospace and defence
7.4.4. Public Sector/ Government
7.4.5. Energy and power
7.4.6. Industrial Manufacturing
7.4.7. Others
Chapter 8. Global Hardware Security Module Market, Regional Analysis
8.1. Hardware Security Module Market, Regional Market Snapshot
8.2. North America Hardware Security Module Market
8.2.1. U.S. Hardware Security Module Market Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 End use breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Hardware Security Module Market
8.3. Europe Hardware Security Module Market Snapshot
8.3.1. U.K. Hardware Security Module Market
8.3.2. Germany Hardware Security Module Market
8.3.3. France Hardware Security Module Market
8.3.4. Spain Hardware Security Module Market
8.3.5. Italy Hardware Security Module Market
8.3.6. Rest of Europe Hardware Security Module Market
8.4. Asia-Pacific Hardware Security Module Market Snapshot
8.4.1. China Hardware Security Module Market
8.4.2. India Hardware Security Module Market
8.4.3. Japan Hardware Security Module Market
8.4.4. Australia Hardware Security Module Market
8.4.5. South Korea Hardware Security Module Market
8.4.6. Rest of Asia Pacific Hardware Security Module Market
8.5. Latin America Hardware Security Module Market Snapshot
8.5.1. Brazil Hardware Security Module Market
8.5.2. Mexico Hardware Security Module Market
8.6. Rest of The World Hardware Security Module Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Gemalto NV Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Thales E-Security Inc.
9.2.3. Utimaco GmbH
9.2.4. International Business Machines Corporation
9.2.5. Hewlett Packard Enterprise Company
9.2.6. ATOS SE,
9.2.7. Yubico
9.2.8. Ultra Electronics
9.2.9. Swift
9.2.10. Securosys SA

Chapter 10. Research Application
10.1. Research Application
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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