Report Detail
Global Embedded Hardware Security Module (HSM) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
- RnM4649042 |
- 18 November, 2025 |
- Global |
- 81 Pages |
- GIR |
- Internet & Communication
According to our (Global Info Research) latest study, the global Embedded Hardware Security Module (HSM) market size was valued at US$ 192 million in 2024 and is forecast to a readjusted size of USD 401 million by 2031 with a CAGR of 10.9% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
An embedded hardware security module (HSM) is a dedicated cryptographic processing hardware integrated into a device. It is used to perform core security operations such as encryption, decryption, digital signatures, key generation and storage. It has features such as anti-tampering and anti-physical attack. It is widely embedded in embedded systems such as automotive ECUs, industrial control terminals, smart meters, payment terminals and communication equipment to ensure data integrity, device authentication and key communication security. Compared with traditional external HSMs, it is more suitable for edge and space-constrained scenarios. The embedded HSM market size is expected to be approximately US$187 million in 2024. Driven by the growth of the Internet of Vehicles, Industrial Internet of Things, 5G communication terminals and a new generation of smart devices, the market's compound annual growth rate is expected to exceed 11%.
This report is a detailed and comprehensive analysis for global Embedded Hardware Security Module (HSM) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Embedded Hardware Security Module (HSM) market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Embedded Hardware Security Module (HSM) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Embedded Hardware Security Module (HSM) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Embedded Hardware Security Module (HSM) market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Embedded Hardware Security Module (HSM)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Embedded Hardware Security Module (HSM) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Thales Luna, Rambus, Yubico, Swissbit, Pufsecurity, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Embedded Hardware Security Module (HSM) market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
General-Purpose Type
Dedicated Type
Market segment by Application
Key Management
Payment
Authentication
Application-Level Encryption
File Signing
SSL
Others
Major players covered
Thales Luna
Rambus
Yubico
Swissbit
Pufsecurity
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Embedded Hardware Security Module (HSM) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Embedded Hardware Security Module (HSM), with price, sales quantity, revenue, and global market share of Embedded Hardware Security Module (HSM) from 2020 to 2025.
Chapter 3, the Embedded Hardware Security Module (HSM) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Embedded Hardware Security Module (HSM) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Embedded Hardware Security Module (HSM) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Embedded Hardware Security Module (HSM).
Chapter 14 and 15, to describe Embedded Hardware Security Module (HSM) sales channel, distributors, customers, research findings and conclusion.
1 Market Overview
- 1.1 Product Overview and Scope
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Market Analysis by Type
- 1.3.1 Overview: Global Embedded Hardware Security Module (HSM) Consumption Value by Type: 2020 Versus 2024 Versus 2031
- 1.3.2 General-Purpose Type
- 1.3.3 Dedicated Type
- 1.4 Market Analysis by Application
- 1.4.1 Overview: Global Embedded Hardware Security Module (HSM) Consumption Value by Application: 2020 Versus 2024 Versus 2031
- 1.4.2 Key Management
- 1.4.3 Payment
- 1.4.4 Authentication
- 1.4.5 Application-Level Encryption
- 1.4.6 File Signing
- 1.4.7 SSL
- 1.4.8 Others
- 1.5 Global Embedded Hardware Security Module (HSM) Market Size & Forecast
- 1.5.1 Global Embedded Hardware Security Module (HSM) Consumption Value (2020 & 2024 & 2031)
- 1.5.2 Global Embedded Hardware Security Module (HSM) Sales Quantity (2020-2031)
- 1.5.3 Global Embedded Hardware Security Module (HSM) Average Price (2020-2031)
2 Manufacturers Profiles
- 2.1 Thales Luna
- 2.1.1 Thales Luna Details
- 2.1.2 Thales Luna Major Business
- 2.1.3 Thales Luna Embedded Hardware Security Module (HSM) Product and Services
- 2.1.4 Thales Luna Embedded Hardware Security Module (HSM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
- 2.1.5 Thales Luna Recent Developments/Updates
- 2.2 Rambus
- 2.2.1 Rambus Details
- 2.2.2 Rambus Major Business
- 2.2.3 Rambus Embedded Hardware Security Module (HSM) Product and Services
- 2.2.4 Rambus Embedded Hardware Security Module (HSM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
- 2.2.5 Rambus Recent Developments/Updates
- 2.3 Yubico
- 2.3.1 Yubico Details
- 2.3.2 Yubico Major Business
- 2.3.3 Yubico Embedded Hardware Security Module (HSM) Product and Services
- 2.3.4 Yubico Embedded Hardware Security Module (HSM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
- 2.3.5 Yubico Recent Developments/Updates
- 2.4 Swissbit
- 2.4.1 Swissbit Details
- 2.4.2 Swissbit Major Business
- 2.4.3 Swissbit Embedded Hardware Security Module (HSM) Product and Services
- 2.4.4 Swissbit Embedded Hardware Security Module (HSM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
- 2.4.5 Swissbit Recent Developments/Updates
- 2.5 Pufsecurity
- 2.5.1 Pufsecurity Details
- 2.5.2 Pufsecurity Major Business
- 2.5.3 Pufsecurity Embedded Hardware Security Module (HSM) Product and Services
- 2.5.4 Pufsecurity Embedded Hardware Security Module (HSM) Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
- 2.5.5 Pufsecurity Recent Developments/Updates
3 Competitive Environment: Embedded Hardware Security Module (HSM) by Manufacturer
- 3.1 Global Embedded Hardware Security Module (HSM) Sales Quantity by Manufacturer (2020-2025)
- 3.2 Global Embedded Hardware Security Module (HSM) Revenue by Manufacturer (2020-2025)
- 3.3 Global Embedded Hardware Security Module (HSM) Average Price by Manufacturer (2020-2025)
- 3.4 Market Share Analysis (2024)
- 3.4.1 Producer Shipments of Embedded Hardware Security Module (HSM) by Manufacturer Revenue ($MM) and Market Share (%): 2024
- 3.4.2 Top 3 Embedded Hardware Security Module (HSM) Manufacturer Market Share in 2024
- 3.4.3 Top 6 Embedded Hardware Security Module (HSM) Manufacturer Market Share in 2024
- 3.5 Embedded Hardware Security Module (HSM) Market: Overall Company Footprint Analysis
- 3.5.1 Embedded Hardware Security Module (HSM) Market: Region Footprint
- 3.5.2 Embedded Hardware Security Module (HSM) Market: Company Product Type Footprint
- 3.5.3 Embedded Hardware Security Module (HSM) Market: Company Product Application Footprint
- 3.6 New Market Entrants and Barriers to Market Entry
- 3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
- 4.1 Global Embedded Hardware Security Module (HSM) Market Size by Region
- 4.1.1 Global Embedded Hardware Security Module (HSM) Sales Quantity by Region (2020-2031)
- 4.1.2 Global Embedded Hardware Security Module (HSM) Consumption Value by Region (2020-2031)
- 4.1.3 Global Embedded Hardware Security Module (HSM) Average Price by Region (2020-2031)
- 4.2 North America Embedded Hardware Security Module (HSM) Consumption Value (2020-2031)
- 4.3 Europe Embedded Hardware Security Module (HSM) Consumption Value (2020-2031)
- 4.4 Asia-Pacific Embedded Hardware Security Module (HSM) Consumption Value (2020-2031)
- 4.5 South America Embedded Hardware Security Module (HSM) Consumption Value (2020-2031)
- 4.6 Middle East & Africa Embedded Hardware Security Module (HSM) Consumption Value (2020-2031)
5 Market Segment by Type
- 5.1 Global Embedded Hardware Security Module (HSM) Sales Quantity by Type (2020-2031)
- 5.2 Global Embedded Hardware Security Module (HSM) Consumption Value by Type (2020-2031)
- 5.3 Global Embedded Hardware Security Module (HSM) Average Price by Type (2020-2031)
6 Market Segment by Application
- 6.1 Global Embedded Hardware Security Module (HSM) Sales Quantity by Application (2020-2031)
- 6.2 Global Embedded Hardware Security Module (HSM) Consumption Value by Application (2020-2031)
- 6.3 Global Embedded Hardware Security Module (HSM) Average Price by Application (2020-2031)
7 North America
- 7.1 North America Embedded Hardware Security Module (HSM) Sales Quantity by Type (2020-2031)
- 7.2 North America Embedded Hardware Security Module (HSM) Sales Quantity by Application (2020-2031)
- 7.3 North America Embedded Hardware Security Module (HSM) Market Size by Country
- 7.3.1 North America Embedded Hardware Security Module (HSM) Sales Quantity by Country (2020-2031)
- 7.3.2 North America Embedded Hardware Security Module (HSM) Consumption Value by Country (2020-2031)
- 7.3.3 United States Market Size and Forecast (2020-2031)
- 7.3.4 Canada Market Size and Forecast (2020-2031)
- 7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
- 8.1 Europe Embedded Hardware Security Module (HSM) Sales Quantity by Type (2020-2031)
- 8.2 Europe Embedded Hardware Security Module (HSM) Sales Quantity by Application (2020-2031)
- 8.3 Europe Embedded Hardware Security Module (HSM) Market Size by Country
- 8.3.1 Europe Embedded Hardware Security Module (HSM) Sales Quantity by Country (2020-2031)
- 8.3.2 Europe Embedded Hardware Security Module (HSM) Consumption Value by Country (2020-2031)
- 8.3.3 Germany Market Size and Forecast (2020-2031)
- 8.3.4 France Market Size and Forecast (2020-2031)
- 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
- 8.3.6 Russia Market Size and Forecast (2020-2031)
- 8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
- 9.1 Asia-Pacific Embedded Hardware Security Module (HSM) Sales Quantity by Type (2020-2031)
- 9.2 Asia-Pacific Embedded Hardware Security Module (HSM) Sales Quantity by Application (2020-2031)
- 9.3 Asia-Pacific Embedded Hardware Security Module (HSM) Market Size by Region
- 9.3.1 Asia-Pacific Embedded Hardware Security Module (HSM) Sales Quantity by Region (2020-2031)
- 9.3.2 Asia-Pacific Embedded Hardware Security Module (HSM) Consumption Value by Region (2020-2031)
- 9.3.3 China Market Size and Forecast (2020-2031)
- 9.3.4 Japan Market Size and Forecast (2020-2031)
- 9.3.5 South Korea Market Size and Forecast (2020-2031)
- 9.3.6 India Market Size and Forecast (2020-2031)
- 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
- 9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
- 10.1 South America Embedded Hardware Security Module (HSM) Sales Quantity by Type (2020-2031)
- 10.2 South America Embedded Hardware Security Module (HSM) Sales Quantity by Application (2020-2031)
- 10.3 South America Embedded Hardware Security Module (HSM) Market Size by Country
- 10.3.1 South America Embedded Hardware Security Module (HSM) Sales Quantity by Country (2020-2031)
- 10.3.2 South America Embedded Hardware Security Module (HSM) Consumption Value by Country (2020-2031)
- 10.3.3 Brazil Market Size and Forecast (2020-2031)
- 10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
- 11.1 Middle East & Africa Embedded Hardware Security Module (HSM) Sales Quantity by Type (2020-2031)
- 11.2 Middle East & Africa Embedded Hardware Security Module (HSM) Sales Quantity by Application (2020-2031)
- 11.3 Middle East & Africa Embedded Hardware Security Module (HSM) Market Size by Country
- 11.3.1 Middle East & Africa Embedded Hardware Security Module (HSM) Sales Quantity by Country (2020-2031)
- 11.3.2 Middle East & Africa Embedded Hardware Security Module (HSM) Consumption Value by Country (2020-2031)
- 11.3.3 Turkey Market Size and Forecast (2020-2031)
- 11.3.4 Egypt Market Size and Forecast (2020-2031)
- 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
- 11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
- 12.1 Embedded Hardware Security Module (HSM) Market Drivers
- 12.2 Embedded Hardware Security Module (HSM) Market Restraints
- 12.3 Embedded Hardware Security Module (HSM) Trends Analysis
- 12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
- 13.1 Raw Material of Embedded Hardware Security Module (HSM) and Key Manufacturers
- 13.2 Manufacturing Costs Percentage of Embedded Hardware Security Module (HSM)
- 13.3 Embedded Hardware Security Module (HSM) Production Process
- 13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
- 14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
- 14.2 Embedded Hardware Security Module (HSM) Typical Distributors
- 14.3 Embedded Hardware Security Module (HSM) Typical Customers
15 Research Findings and Conclusion
16 Appendix
- 16.1 Methodology
- 16.2 Research Process and Data Source
Summary:
Get latest Market Research Reports on Embedded Hardware Security Module (HSM). Industry analysis & Market Report on Embedded Hardware Security Module (HSM) is a syndicated market report, published as Global Embedded Hardware Security Module (HSM) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Embedded Hardware Security Module (HSM) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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