The global hardware security modules market accounted for USD 465.2millionin 2016 growing at a CAGR of 13.5% during the forecast period of 2019 to 2026.
Market Definition: Hardware Security Modules Market
Hardware security modules are dedicated crypto processors that are specifically designed to protect sensitive data that is rendered indecipherable to all except authorized recipients. These modules are used in wide range of applications to secure cryptographic keys and provisioning encryption, decryption, authentication, and digital signing services. The market is significantly being driven by the increasing instances of cyberattacks, strict data security regulations, and rising need for effective management of cryptographic keys.However, the high costs of modulesrestrain the growth of the market.
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Major Market Drivers & Restraints are as follows:
- Increasing instances of cyberattacks
- Strict internal and external privacy and data security regulations
- Rising awareness about effective management of cryptographic keys
- Technological advancements in security modules
- High costs of hardware security modules
Key Market Competitors: Hardware Security Modules Market
Few of the major competitors are Gemalto NV, Thales E-Security Inc., Utimaco GmbH, International Business Machines Corporation, Futurex ,Hewlett Packard Enterprise Company, ATOS SE, Yubico, Ultra Electronics, Cardcontact Systems GmbH, Spyrus, Inc., Swift, Securosys SA, among others.
The report gives the details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.
To generate finest market research report, marketing management must be aware of the minds of their target markets, their feelings, their preferences, their attitudes, convictions and value systems with a formalised and managerial approach. The report studies general market conditions, estimates client company’s market share and possible sales volume, figure out the probable market for a new product to be launched and discover the most appropriate method for the distribution of certain product. A data triangulation method is used for this purpose which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
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Market Segmentation: Hardware Security Modules Market
The hardware security modules market is segmented on the basis of type into LAN-Based HSM/Network-Attached HSM, Pcie-Based/Embedded Plugins HSM, and USB-Based/Portable HSM.
On the basis of deployment type, the global hardware security modules market is further segmented into on-premise, and cloud.
On the basis of application, the global hardware security modules market is further segmented into payment processing, code & document signing, secure sockets layer (SSL) & transport layer security (TLS), authentication, database encryption, PKI/credential management, and application-level encryption.
On the basis of industry, the global hardware security modules market is further segmented into payment processing, code & document signing, secure sockets layer (SSL) & transport layer security (TLS), authentication, database encryption, PKI/credential management, and application-level encryption.
On the basis of geography, global hardware security modulesmarket report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
The report for hardware security modulesmarket include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is Hardware Security Modulesin the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyse and do more affective investments.
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