Global Hardware Security Modules Market 2022-2026

Global Hardware Security Modules Market 2022-2026

Technavio has been monitoring the hardware security modules market and it is poised to grow by $ 982.86 mn during 2022-2026, progressing at a CAGR of 11.77% during the forecast period. Our report on hardware security modules market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing requirement for effective management of cryptographic keys and rise in the use of security system and IoT. In addition, the increasing requirement for effective management of cryptographic keys is anticipated to boost the growth of the market as well.

The hardware security modules market analysis includes the deployment segment and geographic landscape.

Technavio's hardware security modules market is segmented as below:

By Deployment

• on-premise
• cloud

By Geographical Landscape

• North America
• APAC
• Europe
• MEA
• South America

This study identifies the rising usage of internet banking and digital paymentsas one of the prime reasons driving the hardware security modules market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on hardware security modules market covers the following areas:

• Hardware security modules market sizing
• Hardware security modules market forecast
• Hardware security modules market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hardware security modules market vendors that include Atos SE, Futurex, Hewlett Packard Enterprise Co., International Business Machines Corp., Infineon Technologies AG, Microchip Technology Inc., STMicroelectronics NV., Thales Group, Utimaco IS GmbH, and Yubico AB. Also, the hardware security modules market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.