Latest Trends and Future Developments in the Hardware Security Module (Hsm) Market A research study titled, “Hardware Security Module (Hsm) Market by application, type and industry verticals- global industry analysis and forecast to 2023�, published by crystal market research. Market highlights: The Hardware Security Modules (HSM) Market was worth USD 0.48 billion in 2014 and is expected to reach approximately USD 1.42 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.85% during the forecast period. Hardware security module (HSM) is a management solution that gives insurance against the developing data threats to private keys and certificates. The device needs certification to globally perceived standards, for example, federal information processing standards (FIPS) 140, normal criteria that gives the design of the product and usage confirmation. The hardware security modules market is anticipated to encounter possibly immense development opportunities in the coming years, by virtue of surge in mechanical progressions, which prompted a surging demand for information systems security solutions, around the world. Click To Request a Sample: https://www.crystalmarketresearch.com/report-sample/IC06972 Hardware Security Module (Hsm) Market Segmentation The Hardware Security Modules (HSM) Market is segmented on the basis of Type, Application and Industry Verticals. Based on type the market is segmented into Remote Interface, Smart Cards, Local Interface and USB Token out of which Remote interface HSM type held the significant share of the overall industry in 2016 in the general hardware security module market. Based on application the market is segmented into Database Encryption, Secure Sockets Layer (SSL), PKI/Credential Management, Application Level Encryption, Authentication, Document Signing, Code Signing, Payments Processing and Application Level Encryption. Based on Industry verticals the market is segmented into banking and financial institutions, healthcare and life sciences, government, technology and communication, industrial and manufacturing, energy and utility, retail and consumer, and others out of which the automotive and transportation segments are anticipate to grow significantly owing to the rising deployment of HSM in automobile and transportation industry verticals.
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