Hardware Security Module (HSM) Market growth opportunity and industry forecast to 2026

Global Hardware Security Module (HSM) Market by Product Types, Application Types, End-use Types and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By

The hardware security module market was valued at approximately USD 828Million in 2019 and is expected to surpass USD 1.8Billion by 2026, expanding at a CAGR of 12.87% during the forecast period 2020–2026.

Request for sample@ https://dataintelo.com/request-sample/?reportId=77871 A hardware security module (HSM) is a physical computing device that safeguards and manages digital keys, performs encryption and decryption functions for digital signatures, strong authentication and other cryptographic functions. These modules traditionally come in the form of a plug-in card or an external device that attaches directly to a computer or network server. A hardware security module contains one or more secure cryptoprocessor chips. HSMs may have features that provide tamper evidence such as visible signs of tampering or logging and alerting, or tamper resistance which makes tampering difficult without making the HSM inoperable, or tamper responsiveness such as deleting keys upon tamper detection.

Market Trends, Drivers, Restraints, and Opportunities: ● With the rise in the frequency and complexity of data security threats, the need for the implementation of a data security threat is prevalent. This is one of the major factors contributing to the growth of the market. ● The widespread technological transition that led to an increase in adoption of modern innovative technology concepts of IoT and cloud computing, further drives the growth for hardware security modules market, owing to a surge in demand for information and data security. ● The rise in installation and maintenance costs has been an aspect that has been restraining the growth of the market. The continuous development of the HSR with respect to the security threats to an organization has been an issue for the naval systems. ● The integration of blockchain transaction security systems with hardware security modules in order to provide the customers a user- friendly interface has the potential to help the HSM market grow in the forecast period.

Ask for discount@ https://dataintelo.com/ask-for-discount/?reportId=77871 Competitive Landscape: The global hardware security module (HSM) market has been fragmented by presence of various regional and global players. Some of the major players include Gemalto NV Thales e-Security, Inc., Utimaco GmbH, International Business Machines Corporation, Hewlett-Packard Enterprise Development LP among others.

Thales e-Security, Inc. is one of the top five players in the Hardware Security Modules market. They focus on new product developments, strategic partnerships, acquisitions, and agreements to increase their revenue.

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