Report overview
A hardware security module (HSM) is a physical computing device that safeguards and manages digital keys for strong authentication and provides crypto processing. These modules traditionally come in the form of a plug-in card or an external device that attaches directly to a computer or network server. Hardware Security Modules (HSM) are devices specifically built to create a tamper-resistant environment in which to perform cryptographic processes (e.g. encryption or digital signing) and to manage keys associated with those processes. HSMs often provide cryptographic acceleration that is measured in terms of operations. These devices are used to protect critical data processing activities associated with server based applications and can be used to strongly enforce security policies and access controls. These modules are physical devices that traditionally come in the form of a plug-in card or an external network connected appliance and are often validated against security standards such as FIPS.
This report aims to provide a comprehensive presentation of the global market for Hardware Security Modules (HSM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hardware Security Modules (HSM). This report contains market size and forecasts of Hardware Security Modules (HSM) in global, including the following market information:
Global Hardware Security Modules (HSM) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Hardware Security Modules (HSM) market was valued at US$ 1120.5 million in 2022 and is projected to reach US$ 2190.3 million by 2029, at a CAGR of 10.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Hardware Security Modules (HSM) key players include Thales, Entrust Datacard, Utimaco, ATOS SE, Marvell Technology Group, etc. Global top five manufacturers hold a share about 46%. North America is the largest market, with a share about 32%, followed by Asia Pacific and Europe, both have a share over 47 percent. In terms of product, General Purpose HSMs is the largest segment, with a share over 70%. And in terms of application, the largest application is BFSI, followed by Government, etc.
We surveyed the Hardware Security Modules (HSM) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hardware Security Modules (HSM) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Hardware Security Modules (HSM) Market Segment Percentages, by Type, 2022 (%)
General Purpose HSMs
Payment HSMs
HSMaaS
Global Hardware Security Modules (HSM) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Hardware Security Modules (HSM) Market Segment Percentages, by Application, 2022 (%)
Industrial and Manufacturing
BFSI
Government
Others
Global Hardware Security Modules (HSM) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Hardware Security Modules (HSM) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hardware Security Modules (HSM) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Hardware Security Modules (HSM) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Thales
Entrust Datacard
Utimaco
ATOS SE
Marvell Technology Group
Westone Information Industry Inc
Ultra Electronics
Synopsys, Inc
Futurex
Keyou
Exceet Secure Solutions GmbH
Beijing Dean information technology
Securosys
Yubico
Sansec
Outline of Major Chapters:
Chapter 1: Introduces the definition of Hardware Security Modules (HSM), market overview.
Chapter 2: Global Hardware Security Modules (HSM) market size in revenue.
Chapter 3: Detailed analysis of Hardware Security Modules (HSM) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Hardware Security Modules (HSM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
