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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1741417
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1741417
Cipher Machine and Password Card Market, By Type, By Component, By Application, By End User, By Deployment Mode, By Geography
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PAGES: 165 Pages
DELIVERY TIME: 2-3 business days
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Cipher Machine and Password Card Market is estimated to be valued at USD 2.73 Bn in 2025 and is expected to reach USD 4.99 Bn by 2032, growing at a compound annual growth rate (CAGR) of 9% from 2025 to 2032.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2024 | Market Size in 2025: | USD 2.73 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 9.00% | 2032 Value Projection: | USD 4.99 Bn |
A cipher machine is a cryptograph device used to encode and decode messages for secure communication. It employs various algorithms and keys to convert plaintext into ciphertext, ensuring confidentiality. On the other hand, a password card is a physical or digital tool containing a grid of characters, numbers, or symbols. Users select characters based on predetermined rules to create strong passwords. Both cipher machines and password cards play critical roles in enhancing data security and safeguarding sensitive information from unauthorized access.
Market Dynamics:
Security concerns, cyber threats, and regulatory requirements are anticipated to drive the growth of the global cipher machine and password card market over the forecast period. Moreover, long-term security is also expected to boost the growth of the global cipher machine and password card market over the forecast period. Modernization and innovation, IoT and industrial control systems security, cross-industry adoption, and quantum encryption are expected to create growth opportunities for the global cipher machine and password card market during the forecast period.
However, issues related to connectivity and battery, concerns regarding data privacy and security, digital encryption advancements, physical vulnerability, and user education are expected to hamper the growth of the cipher machine and password card market over the forecast period.
Key features of the study:
- This report provides an in-depth analysis of the cipher machine and password card market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) over the forecast period 2025-2032, considering 2024 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the cipher machine and password card market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- The key companies covered as a part of this study include KABA Group, Yubico, SecuGen Corporation, Anviz Global, Nitgen Co., Ltd., Integrated Biometrics, BIO-key International, Daon Inc., Suprema Inc., Integrated Biometrics, ASSA ABLOY, Dormakaba Holding, Allegion plc, HID Global Corporation, Gunnebo Security Group, IDenticard Systems, PrimeKey Solutions AB, Thales Group, Gemalto NV, and NXP Semiconductors N.V.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The cipher machine and password card market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the cipher machine and password card market
Cipher Machine and Password Card Market Detailed Segmentation:
- By Type:
- Hardware
- Software
- Services
- By Component:
- Hardware
- Cards
- Drives
- Other Hardware
- By Application:
- Disk Encryption
- File/Folder Encryption
- Database Encryption
- Communication Encryption
- Cloud Encryption
- Others
- By End User:
- Aerospace and Defense
- Government
- Banking, Financial Services and Insurance
- Retail
- Healthcare
- Others
- By Deployment Mode:
- On-premises
- Cloud
- By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles:
- KABA Group
- Yubico
- SecuGen Corporation
- Anviz Global
- Nitgen Co., Ltd.
- Integrated Biometrics
- BIO-key International
- Daon Inc.
- Suprema Inc.
- Integrated Biometrics
- ASSA ABLOY
- Dormakaba Holding
- Allegion plc
- HID Global Corporation
- Gunnebo Security Group
- IDenticard Systems
- PrimeKey Solutions AB
- Thales Group
- Gemalto NV
- NXP Semiconductors N.V.
Product Code: CMI6216
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Cipher Machine and Password Card, By Type
- Market Cipher Machine and Password Card, By Component
- Market Cipher Machine and Password Card, By Application
- Market Cipher Machine and Password Card, By End User
- Market Cipher Machine and Password Card, By Deployment Mode
- Market Cipher Machine and Password Card, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Security Concerns
- Cyber Threats
- Regulatory Requirements
- Restraints
- Digital Encryption Advancements
- Physical Vulnerability
- User Education
- Opportunities
- Modernization and Innovation
- IoT and Industrial Control Systems Security
- Cross-industry Adoption
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Cipher Machine and Password Card Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Cipher Machine and Password Card Market, By Type, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Global Cipher Machine and Password Card Market, By Component, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Cards
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Drives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Other Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
7. Global Cipher Machine and Password Card Market, By Application, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Disk Encryption
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- File/Folder Encryption
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Database Encryption
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Communication Encryption
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Cloud Encryption
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
8. Global Cipher Machine and Password Card Market, By End User, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Aerospace and Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Government
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Banking, Financial Services and Insurance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Retail
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
9. Global Cipher Machine and Password Card Market, By Deployment Mode, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- On-premises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Cloud
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
10. Global Cipher Machine and Password Card Market, By Region, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021 - 2032
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2020-2032,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2020-2032,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2020-2032,(US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2020-2032,(US$ Bn)
- Middle East and Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2020-2032,(US$ Bn)
11. Competitive Landscape
- KABA Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Yubico
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- SecuGen Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Anviz Global
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Nitgen Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Integrated Biometrics
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- BIO-key International
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Daon Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Suprema Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Integrated Biometrics
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- ASSA ABLOY
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Dormakaba Holding
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Allegion plc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- HID Global Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Gunnebo Security Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- IDenticard Systems
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- PrimeKey Solutions AB
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Thales Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Gemalto NV
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- NXP Semiconductors N.V.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
12. Section
- Research Methodology
- About us
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