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Hardware Security Modules Market Share, Demand, Industry Analysis, Growth, Applications, Types and Forecasts Report 2030
Hardware Security Modules Market Share, Demand, Industry Analysis, Growth, Applications, Types and Forecasts Report 2030
Increasing focus on data security in cloud is a key factor driving hardware security modules market revenue growth

The global Hardware Security Modules (HSMs) market size reached USD 1.22 Billion in 2021 and is expected to register a revenue CAGR of 11.8% during the forecast period. Increasing focus on data security in cloud is a key factor driving market revenue growth.

Data security has been a major concern in information technology. It becomes especially crucial in cloud computing environment because data is stored in multiple locations, even across the globe. The biggest concern for users regarding cloud technology is data security and privacy protection, which creates high demand for hardware security modules. Cloud HSM is a Hardware Security Module (HSM) service hosted in cloud that allows users to store encryption keys and execute cryptographic operations in a cluster. Various companies are offering Cloud HMS services, for example, Amazon Web Services (AWS) Cloud HSM is a cloud-based Hardware Security Module (HSM) that allows users to quickly produce and use their own encryption keys on Amazon Web Services Cloud. Increasing concerns for data security in cloud is expected to drive revenue growth of the market during the forecast period.

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The Global Hardware Security Modules Market Research Report published by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.

Some major companies operating in the global market include

IBM Corporation,

Thales Group,

Utimaco Safeware.,

Atos SE,

STMicroelectronics,

Microchip Technology Inc.,

Hewlett Packard Enterprise,

Gemalto NV,

QLogic Corporation, and

Futurex LP.

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Report Highlights:

Besides offering a vivid depiction of the global Hardware Security Modules business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.

The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2022-2030). 

The report scrutinizes the salient factors influencing the growth of the market in the near future.

The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

Emergen Research has segmented global hardware security modules market on the basis of type, deployment type, application, end-use, and region:

Type Outlook (Revenue, USD Million; 2019-2030)

LAN Based

USB Based

PCI Based

Smart Cards

Others

Deployment Type Outlook (Revenue, USD Million; 2019-2030)

Cloud Based

On-Premises

Application Outlook (Revenue, USD Million; 2019-2030)

Payment Processing

Code and Document Signing

Application-level encryption

Database Encryption

Authentication

Document Signing

PKI and Credential Management

Others

End-Use Outlook (Revenue, USD Million; 2019-2030)

Banking, Financial Services and Insurance (BFSI)

IT and Telecommunication

Government

Industrial Manufacturing

Healthcare

Retail and E-commerce

Transportation

Others

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Key Points Covered in This Section:

Regional contribution

Estimated revenue generation

Vital data and information about the consumption rate in all the leading regional segments

An expected rise in market share

Forecast growth in the overall consumption rate

Global Hardware Security Modules Market Geographical Landscape - Synopsis:

The report closely studies the growth trajectory of the global Hardware Security Modules market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.

Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

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