A hardware security module (HSM) is a crypto processor that is specially designed and dedicated to protect crypto key lifecycle. It is a hardware device that manages and safeguards the cryptographic authentication process. Organizations that require high levels of security to manage, process, and store cryptographic keys use these modules. A hardware security module provides logical and physical protection to digital keys from unauthorized user.
The global hardware security module market is expected to reach US$ 1020.1 Mn during the forecast period. The demand for HSM is increasing due to its ability to encrypt data and provide message authentication. Increasing incidences of cyber-attacks over the years have increased the demand for security modules. Digitization in various industries such as BFSI, healthcare, government, retail & e-commerce, and others has increased incidents of data breaches, which mandates organizations to adopt hardware security modules. However, the initial cost associated with the hardware security module may hamper the market demand. The use of cloud-based services is further generating opportunities for hardware security modules, for securing cryptographic data.
The hardware security market is segmented on the basis of type, deployment type, application, end-use industry, and region. Based on the end-use industry, the market is segmented as BFSI, healthcare, automotive and transportation, government, IT and telecom, and others. The BSFI industry captured the highest share in the market in the year 2018, owing to the increasing number of cyber-attacks and data breaches. In addition to these, digital payments processing requires high security and this will further accelerate the market demand. Based on the regions, North America is expected to dominate the market during the forecast period, owing to the presence of key vendors such as FutureX, Thales e-Security, Inc., and others in the region. The demand will increase further due to the adoption of innovative technologies and cloud-based services in the region.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Hardware Security Module Market, 2016-2023, (Units) (US$ Mn)
2.1 Market Snapshot: Global Hardware Security Module Market
2.2 Market Dynamics
2.3 Global Hardware Security Module Market, by Segment, 2018
2.3.1 Global Hardware Security Module Market, by Type, 2018, (Units) (US$ Mn)
2.3.2 Global Hardware Security Module Market, by Deployment Type, 2018, (Units) (US$ Mn)
2.3.3 Global Hardware Security Module Market, by Application, 2018 (Units) (US$ Mn)
2.3.4 Global Hardware Security Module Market, by End-use Industry, 2018 (Units) (US$ Mn)
2.3.5 Global Hardware Security Module Market, by Region, 2018 (Units) (US$ Mn)
2.4 Premium Insights
2.4.1 Hardware Security Module Market In Developed Vs. Developing Economies, 2018 vs 2023
2.4.2 Global Hardware Security Module Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Increasing cyber-attacks in end-use industry
3.2.2 Increasing need for protecting cryptographic keys
3.2.3 Driver 3
3.3 Market Restraints
3.3.1 High cost associated with the implementation and upgradation of modules
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 Need for point-to-point encryption in payment card industry
3.4.2 Opportunity 2
3.5 Industry Value Chain Analysis
3.5.1 Analyst’s Views
3.6 Industry SWOT Analysis
Chapter 4 Global Hardware Security Module Market, by Type
4.1 Market Overview, by Type
4.1.1 Global Hardware Security Module Market, by Type, 2016-2023 (Units) (US$ Mn)
4.1.2 Incremental Opportunity, by Type, From 2018-2023
4.2 LAN-Based HSM/Network-Attached HSM
4.2.1 Global Hardware Security Module Market, by LAN-Based HSM/Network-Attached HSM, 2016-2023, (Units) (US$ Mn)
4.3 PCIe-Based/Embedded Plugins HSM
4.3.1 Global Hardware Security Module Market, by PCIe-Based/Embedded Plugins HSM, 2016-2023, (Units) (US$ Mn)
4.4 USB-Based/Portable HSM
4.4.1 Global Hardware Security Module Market, by USB-Based/Portable HSM, 2016-2023, (Units) (US$ Mn)
Chapter 5 Global Hardware Security Module Market, by Deployment Type
5.1 Market Overview, by Deployment Type
5.1.1 Global Hardware Security Module Market, by Deployment Type, 2016-2023 (Units) (US$ Mn)
5.1.2 Incremental Opportunity, by Deployment Type, From 2018-2023
5.2 On-Premises
5.2.1 Global Hardware Security Module Market, by On-Premises, 2016-2023, (Units) (US$ Mn)
5.3 Cloud-Based
5.3.1 Global Hardware Security Module Market, by Cloud-Based, 2016-2023, (Units) (US$ Mn)
Chapter 6 Global Hardware Security Module Market, by Application
6.1 Market Overview, by Application
6.1.1 Global Hardware Security Module Market, by Application, 2016-2023 (Units) (US$ Mn)
6.1.2 Incremental Opportunity, by Application, From 2018-2023
6.2 Application-Level Encryption
6.2.1 Global Hardware Security Module Market, by Application-Level Encryption, 2016-2023, (Units) (US$ Mn)
6.3 Authentication
6.3.1 Global Hardware Security Module Market, by Authentication, 2016-2023, (Units) (US$ Mn)
6.4 Code and Document Signing
6.4.1 Global Hardware Security Module Market, by Code and Document Signing, 2016-2023, (Units) (US$ Mn)
6.5 Database Encryption
6.5.1 Global Hardware Security Module Market, by Database Encryption, 2016-2023, (Units) (US$ Mn)
6.6 Payment Processing
6.6.1 Global Hardware Security Module Market, by Payment Processing, 2016-2023, (Units) (US$ Mn)
6.7 PKI or Credential Management
6.7.1 Global Hardware Security Module Market, by PKI or Credential Management, 2016-2023, (Units) (US$ Mn)
6.8 Secure Sockets Layer(SSL) and Transport Layer Security(TLS)
6.8.1 Global Hardware Security Module Market, by Secure Sockets Layer(SSL) and Transport Layer Security(TLS), 2016-2023, (Units) (US$ Mn)
Chapter 7 Global Hardware Security Module Market, by End-use Industry
7.1 Market Overview, by End-use Industry
7.1.1 Global Hardware Security Module Market, by End-use Industry, 2016-2023 (Units) (US$ Mn)
7.1.2 Incremental Opportunity, by End-use Industry, From 2018-2023
7.2 BFSI
7.2.1 Global Hardware Security Module Market, by BFSI, 2016-2023, (Units) (US$ Mn)
7.3 Energy and Utilities
7.3.1 Global Hardware Security Module Market, by Energy and Utilities, 2016-2023, (Units) (US$ Mn)
7.4 Healthcare
7.4.1 Global Hardware Security Module Market, by Healthcare, 2016-2023, (Units) (US$ Mn)
7.5 Government
7.5.1 Global Hardware Security Module Market, by Government, 2016-2023, (Units) (US$ Mn)
7.6 Manufacturing
7.6.1 Global Hardware Security Module Market, by Manufacturing, 2016-2023, (Units) (US$ Mn)
7.7 Retail and e-Commerce
7.7.1 Global Hardware Security Module Market, by Retail and e-Commerce, 2016-2023, (Units) (US$ Mn)
7.8 IT and Telecom
7.8.1 Global Hardware Security Module Market, by IT and Telecom, 2016-2023, (Units) (US$ Mn)
7.9 Others
7.9.1 Global Hardware Security Module Market, by Others, 2016-2023, (Units) (US$ Mn)
Chapter 8 Global Hardware Security Module Market, by Region
8.1 Market Overview, by Region
8.1.1 Global Hardware Security Module Market, by Region, 2016-2023, (Units) (US$ Mn)
8.2 Attractive Investment Opportunity, by Region, 2018
8.3 North America Hardware Security Module Market
8.3.1 North America Hardware Security Module Market, by Type, 2016-2023 (Units) (US$ Mn)
8.3.2 North America Hardware Security Module Market, by Deployment Type, 2016-2023 (Units) (US$ Mn)
8.3.3 North America Hardware Security Module Market, by Application, 2016-2023 (Units) (US$ Mn)
8.3.4 North America Hardware Security Module Market, by End-use Industry, 2016-2023 (Units) (US$ Mn)
8.3.5 United States Country Profile
8.3.5.1 United States Hardware Security Module Market, 2016-2023 (Units) (US$ Mn)
Summary: Get latest Market Research Reports on Hardware Security Module. Industry analysis & Market Report on Hardware Security Module is a syndicated market report, published as Global Hardware Security Module Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2023. It is complete Research Study and Industry Analysis of Hardware Security Module market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.