According to the recent report by Emergen Research, the worldwide Hardware Security Modules (HSMs) market size reached USD 1.22 billion in 2021 and is anticipated to grow at a revenue CAGR of 11.8 percent over the projected period. A major element boosting market revenue growth is the increased focus on data security in the cloud.
Information technology has historically been very concerned about data security. Due to the fact that data is stored in numerous locations, even all across the world, it becomes extremely important in a cloud computing environment. Data security and privacy protection are users' top concerns with cloud technology, which drives up demand for hardware security modules. A cloud-hosted Hardware Security Module (HSM) service called Cloud HSM enables customers to cluster-execute cryptographic operations and store encryption keys. Services for Cloud HMS are provided by a number of businesses, like as Amazon Web Services (AWS) The Amazon Web Services Cloud's Cloud HSM (Cloud HSM) is a cloud-based Hardware Security Module (HSM) that enables customers to instantly create and utilise their own encryption keys. During the projection period, rising concerns about data security in the cloud are anticipated to fuel market revenue growth.
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Organizations have a significant demand for hardware security modules as cyberattacks and data breaches increase globally. The majority of organisations are now vulnerable to cyberattacks due to the development of new technologies like the Internet of Things (IoT) and artificial intelligence (AI). A study found that the frequency of weekly ransomware attacks on the transportation sector increased by 186% between June 2020 and June 2021.
The all-inclusive report on the Global Hardware Security Modules Market demonstrates that the global Hardware Security Modules Market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Hardware Security Modules Market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
World’s Leading Companies in the Hardware Security Modules Market: Top 10 by Revenue
Microchip Technology Inc.,
Hewlett Packard Enterprise,
QLogic Corporation, and
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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)
Deployment Type Outlook (Revenue, USD Million; 2019-2030)
Application Outlook (Revenue, USD Million; 2019-2030)
Code and Document Signing
PKI and Credential Management
End-Use Outlook (Revenue, USD Million; 2019-2030)
Banking, Financial Services and Insurance (BFSI)
IT and Telecommunication
Retail and E-commerce
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Highlights of Table of Contents (TOC):
Overview of Global Hardware Security Modules Market
Competitive analysis of the Hardware Security Modules market
Regional analysis of Global Hardware Security Modules market production and revenue
Regional analysis of Global Hardware Security Modules market supply, consumption, and export import
Type-based market analysis of global Hardware Security Modules production, revenue, and price trends
Application-based analysis of the global Hardware Security Modules market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Hardware Security Modules market
Global Hardware Security Modules market forecast (2022-2030)
Conclusion of the research report
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