Global Hardware Security Module (HSM)Market – Overview
A Hardware Security Module (HSM) is a physical device that provides a secure environment for the storage of cryptographic keys and for performing operations. The HSM is associated with software solution that is attached with inside a PC or servers and offers a tamper protection mechanism that provides a secure out-of-band management interface for key materials. HSM offers numerous attributes for the business to focussed to make quality products and services. The attributes include widely accepted and open secure cryptographic algorithms, strong random number generation for cryptographic functions, a standardized interface for developers, and others. However, high deployment cost of HSM is likely to hinder the growth of the HSM market during the forecast period.
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Global Hardware Security Module (HSM)Market – Segmentation
On the basis of type, lan-based, pcie-based and usb-based/portable hsm. Out of these, USB-based is expected to grow over the forecast period, 2016-2022 because they are portabl and easy to deploy without the need for any external hardware or tool.
On the basis of application, the market can be segmented as payment processing, code and document signing, secure sockets layer (ssl) and transport layer security (tls), authentication, database encryption, pki or credential management, application-level encryption.
On the basis of end-users the market can be segmented into banking and financial services, government, technology and communications, industrial and manufacturing industry, energy and utilities, retail and consumer products, healthcare and life science, entertainment & media, education and transportation.
Authentication accounted for the largest market share because the usage of hardware security module for the authentication application can reduce fraud and protect users from internet attacks while shopping online and accessing confidential or private information through a web portal or application.
Key Players
The key players of global Hardware Security Module Market report include Gemalto NV (Amsterdam), Thales e-Security, Inc. (U.S.), Utimaco GmbH (Germany), International Business Machines Corporation (U.S.), FutureX (U.S.), Hewlett-Packard Enterprise Development LP (U.S.) SWIFT (Belgium), Atos SE (France), Ultra-Electronics (U.K.), Yubico (U.S.) and others.
Market Research Future Analysis
The global hardware security module market is expected to grow significantly. The market is highly application basis. Authentication segment of hardware security module market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.
Regionally, Latin-America accounted for the largest market share because the region is attributed to the formulation of new regulatory compliances and the adoption of modern technologies such as cloud and IoT and also creates opportunity for information security.
Asia Pacific is expected to grow at a fast pace, majorly due countries such as India and China are investing huge amounts of money for the adoption of modern technologies.
Industry News
May 2018 Utimaco to acquire Atalla from Micro Focus
With this strategic acquisition, Utimaco would develop the most comprehensive HSM solution, Additionally it would also Ultimaco to integrate general purpose HSM offered by Atalla Payment HSMs to offer a portfolio that will allow Ultimaco to satisfy the hardware encryption requirements.
October 2017 Atos Corporation launched Trustway Data Protection Suite
Trustway Data Protection Suite is a data encryption solution that protects sensitive data and manage data security to reduce the risk of cyberattacks. It also facilitates businesses to safeguard, manage and migrate sensitive data wherever it resides, on all deployment cloud environments.
June 2017, Thales one of the providers of critical information systems, cybersecurity and data security, solutions collaborated with Chain provider of enterprise-grade blockchain infrastructure.
The sole purpose of collaboration is to integrate its hardware security modules with blockchain infrastructure provided by Chain, to generate and secure critical cryptographic keys for financial sectors. the integrated solution enables robust cryptographic techniques, which securely and efficiently generate temporary one-time keys for each transaction.
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Intended Audience
- Hardware security module Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Software Developers
- Vendors
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors
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