Hardware Security Module Market Potential Growth, Share, Demand And Analysis Of Key Players- Research Forecasts To 2025
According to a new report published by Reports Monitor titled, “Global Hardware Security Module Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Hardware Security Module market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
A hardware security module (HSM) is a hardware encryption device that's connected to a server at the device level, typically using PCI, SCSI, serial, or USB interfaces. An HSM is a dedicated hardware device that is managed separately from the operating system Continuous increase in the number of cyber threats and data breaches, which directly results in the enormous economic loss, stands out as major factor in propelling the market growth. High cost associated with the hardware equipment’s for security modules may result in restraining the market growth.
The Global Hardware Security Module Market Professional Survey Report scrutinizes the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.
The hardware security module market is analyzed across the regions of North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). According to the regional analysis, North America is expected to dominate the market mainly due to the presence of prominent players and well established infrastructure leading to quality products, while Asia-Pacific is projected to evolve as a fastest growing region owing to the increased investment by the countries such as China, India, Japan and others in the cyber-security.
The global hardware security module is majorly segmented on the basis of types, applications and end-user. Depending upon the type the market is bifurcated into: local interface, remote interface, smart cards and Usb tokens. On the basis of application the market is segmented into: payment processing, secure socket layer (SSL) and transport layers security (TLS), authentication and credential management. Based on the end –use the market is segmented into: banking and finance, industrial and manufacturing, technology and communications, healthcare and life science and others.
The major companies profiled in the report includeGemalto NV , Thales E-Security Inc. , Utimaco GmbH , International Business Machines Corporation , Futurex , Hewlett Packard Enterprise Company , ATOS SE , Yubico , Ultra Electronics , Swift.
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