
Global Hardware Security Module Market Analysis & Trends - Industry Forecast to 2030
Description
Global Hardware Security Module Market Analysis & Trends - Industry Forecast to 2030
Hardware Security Module: Market Size
From $7,312.89 million in 2024, the global Hardware Security Module market is projected to reach $17,271 million by 2030. Based on our analysis the market is expected to grow at a CAGR of 15.4% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include, requirement for effective management of cryptographic keys, increase in demand for information and data reliability and growing need for data security in the cloud environment.
Global Hardware Security Module Market: Market Dynamics
Comprehensive data protection will contribute to greater demand in the near future for hardware security modules due to which there will be rise in the market growth. To secure private and sensitive data from cyber attacks, hacking and data breaches, the demand for hardware security module is increasing among all industries, resulting in the growth of the market during the estimated period. Growth of hardware security module in small and medium enterprise for data security in the cloud environment and increasing concerns about data protection in all data-sensitive companies globally is the major factor that contributing growth of the hardware security module market.
For instance, IBM offers cloud-based hardware security modules starting as low as USD 1,250 per month, while Microsoft offers an hour of usage at about USD 4. The cloud solution by IBM enables its customers to solve complex security, compliance, data sovereignty, and control challenges associated with migrating and running workloads on the cloud.
On the other hand, the cost associated with hardware security modules is likely to obstruct the profit boundaries. In addition, rising demand for data security in cloud environments will further boost for the hardware security module market.
Impact of COVID-19 on Hardware Security Module
Due to the COVID-19 pandemic, the supply chain has been adversely affected and the global HSM market has been notably impacted by the COVID-19 outbreak. Many projects have been turned down all over the world which in turn has led to in demand for analog semiconductors. Many factories have tackled integrating new hardware security modules as workers have stayed in their homes, which disrupted the global supply chains. The impact of COVID-19 on this market is short-term as just the production and supply chain is obstructed. Once the situation improves, production, supply chains, and demand for hardware security modules are gradually going to increase. Moreover, this COVID-19 lockdown helped many companies think about more advanced hardware security modules to enhance efficiency.
By Deployment Type
Cloud Segment Dominate the Market in 2024
The cloud segment made huge revenue in 2024 and growing its prominence during the forecast period. Cloud-based HSM help management essentials to comply without affecting application performance. The most cost-effective solutions provided by the cloud-based hardware security modules. The adoption of cloud-based hardware security modules is high due to the performance/availability benefits anticipated to be high when compared with on-premise as cloud-based deployment reduces network transit times. Gemalto, Microsoft, Thales, and Utimaco, Amazon, IBM, among other such companies, have started offering cloud-based hardware security modules that empower cloud users to implement a high level of cryptographic security.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific is likely to have a huge demand in the forecast period due to increasing investments made by the government and private companies for providing various products and services for secure data transmission and protection. The rising BFSI, e-commerce, IT & telecom and other industries in the region is a major factor driving the market in the region. Additionally, the presence of a local vendor that offers various types of HSM is also driving the market. China accounts for the largest market share in the region due to the increasing demand for a secure network, storage devices, data transmission, and others.
List of the Key Players Profiled in the Market Include:
• IBM Corporation
• Microchip Technology
• Infineon Technologies
• Thales E-Security Inc. (Thales Group)
• Ultimaco GmbH
• Swift
• Ledger
• Ultra Electronics
• Hewlett Packard Enterprise
• SPYRUS Solutions, Inc.
• Ledger
List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others
Table of Contents
200 Pages
- 1 Market Outline
- 1.1 Definition
- 1.2 Market Segmentation & Scope
- 1.3 Market Trends
- 1.4 Regulatory Factors
- 1.5 End User Analysis
- 1.6 Strategic Benchmarking
- 1.7 Opportunity Analysis
- 2 Executive Summary
- 3 Research Methodology and Data Source
- 3.1 Methodology/Research Approach
- 3.1.1 Research Programs/Design
- 3.1.2 Market Size Estimation
- 3.2 Data Source and Assumptions
- 3.2.1Purchased Database
- 3.2.2 Company Repository
- 3.2.3 Secondary Sources
- 3.2.4 Primary Research
- 3.2.5 List of Assumptions
- 4 Market Overview
- 4.1 Current Trends
- 4.1.1 Rising Methodologies for Indoor, Vertical and Greenhouse Farming
- 4.1.2 Rise in use of Advanced Technology in Farming Practices
- 4.1.3 Growing Awareness for Premium Food Products
- 4.1.4 Growth Opportunities/Investment Opportunities
- 4.2 Drivers
- 4.3 Constraints
- 4.4 Impact of COVID-19
- 5 Market Factor Analysis
- 5.1 Porters Five Forces
- 5.1.1 Bargaining power of suppliers
- 5.1.2 Bargaining power of buyers
- 5.1.3 Threat of substitutes
- 5.1.4 Threat of new entrants
- 5.1.5 Competitive rivalry
- 5.2 Value Chain Analysis/Supply Chain Analysis
- 6 Consumer behaviour analysis/Consumer Research
- 6.1 Consumer trends and preferences
- 6.2 Factors affecting buying decision
- 6.3 Consumer product adoption
- 6.4 Observation & Recommendations
- 7 Microgreens Market, By Farming
- 7.1 Outdoor Farming
- DATA TABLE Outdoor Farming Market Forecast to 2030 (US$ MN)
- 7.2 Commercial Greenhouse Farming
- DATA TABLE Commercial Greenhouse Farming Market Forecast to 2030 (US$ MN)
- 7.3 Indoor Farming
- DATA TABLE Indoor Farming Market Forecast to 2030 (US$ MN)
- 7.4 Vertical Farming
- DATA TABLE Vertical Farming Market Forecast to 2030 (US$ MN)
- 8 Microgreens Market, By Type
- 8.1 Lentils
- DATA TABLE Lentils Market Forecast to 2030 (US$ MN)
- 8.2 Basil
- DATA TABLE Basil Market Forecast to 2030 (US$ MN)
- 8.3 Amaranthaceae
- DATA TABLE Amaranthaceae Market Forecast to 2030 (US$ MN)
- 8.4 Fennel
- DATA TABLE Fennel Market Forecast to 2030 (US$ MN)
- 8.5 Radish
- DATA TABLE Radish Market Forecast to 2030 (US$ MN)
- 8.6 Onion
- DATA TABLE Onion Market Forecast to 2030 (US$ MN)
- 8.7 Sunflower
- DATA TABLE Sunflower Market Forecast to 2030 (US$ MN)
- 8.8 Carrots
- DATA TABLE Carrots Market Forecast to 2030 (US$ MN)
- 8.9 Garlic
- DATA TABLE Garlic Market Forecast to 2030 (US$ MN)
- 8.10 Cucurbitaceae
- DATA TABLE Cucurbitaceae Market Forecast to 2030 (US$ MN)
- 8.11 Lettuce and Chicory
- DATA TABLE Lettuce and Chicory Market Forecast to 2030 (US$ MN)
- 8.12 Leeks
- DATA TABLE Leeks Market Forecast to 2030 (US$ MN)
- 8.13 Asteraceae
- DATA TABLE Asteraceae Market Forecast to 2030 (US$ MN)
- 8.14 Lamiaceae
- DATA TABLE Lamiaceae Market Forecast to 2030 (US$ MN)
- 8.15 Peas
- DATA TABLE Peas Market Forecast to 2030 (US$ MN)
- 8.16 Brassicaceae
- DATA TABLE Brassicaceae Market Forecast to 2030 (US$ MN)
- 8.16.1 Broccoli
- DATA TABLE Broccoli Market Forecast to 2030 (US$ MN)
- 8.16.2 Cabbage
- DATA TABLE Cabbage Market Forecast to 2030 (US$ MN)
- 8.16.3 Cauliflower
- DATA TABLE Cauliflower Market Forecast to 2030 (US$ MN)
- 8.17 Arugula
- DATA TABLE Arugula Market Forecast to 2030 (US$ MN)
- 8.18 Cress
- DATA TABLE Cress Market Forecast to 2030 (US$ MN)
- 9 Microgreens Market, By Growth Medium
- 9.1 Peat Moss
- DATA TABLE Peat Moss Market Forecast to 2030 (US$ MN)
- 9.2 Tissue Paper
- DATA TABLE Tissue Paper Market Forecast to 2030 (US$ MN)
- 9.3 Coconut Coir
- DATA TABLE Coconut Coir Market Forecast to 2030 (US$ MN)
- 9.4 Soil
- DATA TABLE Soil Market Forecast to 2030 (US$ MN)
- 10 Microgreens Market, By End User
- 10.1 Residential
- DATA TABLE Residential Market Forecast to 2030 (US$ MN)
- 10.2 Food & Beverage
- DATA TABLE Food & Beverage Market Forecast to 2030 (US$ MN)
- 10.3 Commercial
- DATA TABLE Commercial Market Forecast to 2030 (US$ MN)
- 10.4 Cosmetics
- DATA TABLE Cosmetics Market Forecast to 2030 (US$ MN)
- 11 Microgreens Market, By Distribution Channel
- 11.1 Farmers
- DATA TABLE Farmers Market Forecast to 2030 (US$ MN)
- 11.2 Retail Stores
- DATA TABLE Retail Stores Market Forecast to 2030 (US$ MN)
- 11.3 Restaurants
- DATA TABLE Restaurants Market Forecast to 2030 (US$ MN)
- 11.4 Hypermarkets/Supermarkets
- DATA TABLE Hypermarkets/Supermarkets Market Forecast to 2030 (US$ MN)
- 12 Microgreens Market, By Geography
- 12.1 North America
- DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN)
- 12.1.1 US
- 12.1.2 Canada
- 12.1.3 Mexico
- 12.2 Europe
- DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN)
- 12.2.1 Germany
- 12.2.2 U.K
- 12.2.3 Italy
- 12.2.4 France
- 12.2.5 Spain
- 12.2.6 Rest of Europe
- 12.3 Asia Pacific
- DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN)
- 12.3.1 China
- 12.3.2 Japan
- 12.3.3 India
- 12.3.4 Australia
- 12.3.5 New Zealand
- 12.3.6 Rest of Asia Pacific
- 12.4 Middle East
- DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN)
- 12.4.1 Saudi Arabia
- 12.4.2 UAE
- 12.4.3 Rest of Middle East
- 12.5 Latin America
- DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN)
- 12.5.1 Argentina
- 12.5.2 Brazil
- 12.5.3 Rest of Latin America
- 12.6 Rest of the World (RoW)
- DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN)
- 12.6.1 South Africa
- 12.6.2 Others
- 13 Key Player Activities
- 13.1 Acquisitions & Mergers
- 13.2 Agreements, Partnerships, Collaborations and Joint Ventures
- 13.3 Product Launch & Expansions
- 13.4 Other Activities
- 14 Leading Companies
- 14.1 Farmbox Greens LLC
- 14.2 Living Earth Farm
- 14.3 AeroFarms
- 14.4 The Chef's Garden Inc
- 14.5 2Bfresh Microgreens
- 14.6 Shanghai Dehuan Industry Co Ltd
- 14.7 Shenzhen Sunlight Lighting Co., Ltd.
- 14.8 Fresh Origins
- 14.9 Metro Microgreens
- 14.10 Goodleaf Farms
- List of Tables
- Table 1 Global Microgreens Market By Region, Market Forecast (2022-2030) (US $MN)
- Table 2 Global Microgreens Market By Farming, Market Forecast (2022-2030) (US $MN)
- Table 3 Global Microgreens Market By Outdoor Farming, Market Forecast (2022-2030) (US $MN)
- Table 4 Global Microgreens Market By Commercial Greenhouse Farming, Market Forecast (2022-2030) (US $MN)
- Table 5 Global Microgreens Market By Indoor Farming, Market Forecast (2022-2030) (US $MN)
- Table 6 Global Microgreens Market By Vertical Farming, Market Forecast (2022-2030) (US $MN)
- Table 7 Global Microgreens Market By Type, Market Forecast (2022-2030) (US $MN)
- Table 8 Global Microgreens Market By Lentils, Market Forecast (2022-2030) (US $MN)
- Table 9 Global Microgreens Market By Basil, Market Forecast (2022-2030) (US $MN)
- Table 10 Global Microgreens Market By Amaranthaceae, Market Forecast (2022-2030) (US $MN)
- Table 11 Global Microgreens Market By Fennel, Market Forecast (2022-2030) (US $MN)
- Table 12 Global Microgreens Market By Radish, Market Forecast (2022-2030) (US $MN)
- Table 13 Global Microgreens Market By Onion, Market Forecast (2022-2030) (US $MN)
- Table 14 Global Microgreens Market By Sunflower, Market Forecast (2022-2030) (US $MN)
- Table 15 Global Microgreens Market By Carrots, Market Forecast (2022-2030) (US $MN)
- Table 16 Global Microgreens Market By Garlic, Market Forecast (2022-2030) (US $MN)
- Table 17 Global Microgreens Market By Cucurbitaceae, Market Forecast (2022-2030) (US $MN)
- Table 18 Global Microgreens Market By Lettuce and Chicory, Market Forecast (2022-2030) (US $MN)
- Table 19 Global Microgreens Market By Leeks, Market Forecast (2022-2030) (US $MN)
- Table 20 Global Microgreens Market By Asteraceae, Market Forecast (2022-2030) (US $MN)
- Table 21 Global Microgreens Market By Lamiaceae, Market Forecast (2022-2030) (US $MN)
- Table 22 Global Microgreens Market By Peas, Market Forecast (2022-2030) (US $MN)
- Table 23 Global Microgreens Market By Brassicaceae, Market Forecast (2022-2030) (US $MN)
- Table 24 Global Microgreens Market By Broccoli, Market Forecast (2022-2030) (US $MN)
- Table 25 Global Microgreens Market By Cabbage, Market Forecast (2022-2030) (US $MN)
- Table 26 Global Microgreens Market By Cauliflower, Market Forecast (2022-2030) (US $MN)
- Table 27 Global Microgreens Market By Arugula, Market Forecast (2022-2030) (US $MN)
- Table 28 Global Microgreens Market By Cress, Market Forecast (2022-2030) (US $MN)
- Table 29 Global Microgreens Market By Growth Medium, Market Forecast (2022-2030) (US $MN)
- Table 30 Global Microgreens Market By Peat Moss, Market Forecast (2022-2030) (US $MN)
- Table 31 Global Microgreens Market By Tissue Paper, Market Forecast (2022-2030) (US $MN)
- Table 32 Global Microgreens Market By Coconut Coir, Market Forecast (2022-2030) (US $MN)
- Table 33 Global Microgreens Market By Soil, Market Forecast (2022-2030) (US $MN)
- Table 34 Global Microgreens Market By End User, Market Forecast (2022-2030) (US $MN)
- Table 35 Global Microgreens Market By Residential, Market Forecast (2022-2030) (US $MN)
- Table 36 Global Microgreens Market By Food & Beverage, Market Forecast (2022-2030) (US $MN)
- Table 37 Global Microgreens Market By Commercial, Market Forecast (2022-2030) (US $MN)
- Table 38 Global Microgreens Market By Cosmetics, Market Forecast (2022-2030) (US $MN)
- Table 39 Global Microgreens Market By Distribution Channel, Market Forecast (2022-2030) (US $MN)
- Table 40 Global Microgreens Market By Farmers, Market Forecast (2022-2030) (US $MN)
- Table 41 Global Microgreens Market By Retail Stores, Market Forecast (2022-2030) (US $MN)
- Table 42 Global Microgreens Market By Restaurants, Market Forecast (2022-2030) (US $MN)
- Table 43 Global Microgreens Market By Hypermarkets/Supermarkets, Market Forecast (2022-2030) (US $MN)
- NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.
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