PUBLISHER: Allied Market Research | PRODUCT CODE: 1239507
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239507
The global hardware secure module (HSM) adapters market was valued at $1,319.27 million in 2021, and is projected to reach $4,372.64 million by 2031, registering a CAGR of 13.0% from 2022 to 2031.
A physical object known as a hardware security module (HSM) adds additional security for sensitive data. For crucial operations like encryption, decryption, and authentication for the use of applications, identities, and databases, this kind of device is utilized to provision cryptographic keys. These gadgets may come in the form of plugin cards or may be built into other hardware, such as smart cards, home appliances, and other extraneous gadgets. They can be used as a standalone offline device or in conjunction with a network server. In addition, they are provided as cloud services. HSMs are used by businesses to segregate cryptographic operations relevant to transactions, identities, and applications from routine operations and to manage access to those processes. For instance, a business may utilize an HSM to safeguard intellectual property or trade secrets by ensuring only authorized individuals can access the HSM to complete a cryptography key transfer.
The hardware secure module (HSM) adapters market is expected to grow significantly during the forecast period, owing to an increase in adoption of cloud-based services, rise in preference for digital payments., and surge in cyberattacks. Furthermore, a rise in the demand for hardware security modules as 5G becomes mainstream is expected to provide lucrative opportunities for market growth during the forecast period. On the contrary, vulnerability to security databreaches and need for regular upgrading and maintenance, are some of the market restraints for hardware secure module (HSM) adapters market.
The hardware secure module (HSM) adapters market is segmented on the basis of type, industry and region. On the basis of type, the market is divided into LAN based/Network attached, PCI based, USB based, and smart cards. On the basis of industry, the market is segregated into transportation, retail, aerospace and defense, BFSI, and others. Region-wise, the hardware secure module (HSM) adapters market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players that operate in the market include: Atos SE, Hewlett Packard Enterprise Development LP, Infineon Technologies, International Business Machines Corporation, Microchip Technology, Securosys, Spyrus, Thales, Utimaco, and Yubico.