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Hardware Security Modules Market by Type (LAN Based, PCle Based, USB Based), Application (Payment Processing, Authentication, Code and Document Signing, PKI, Application Level and Database Encryption, SSL), Industry, and Geography - Global Forecast to 202

Hardware Security Modules Market by Type (LAN Based, PCle Based, USB Based), Application (Payment Processing, Authentication, Code and Document Signing, PKI, Application Level and Database Encryption, SSL), Industry, and Geography - Global Forecast to 2022

“The hardware security modules market is likely to grow at a CAGR of 12.87% during the forecast period”
The hardware security modules market is expected to reach USD 1,101.2 million by 2022, at a CAGR of 12.87% during the forecast period. The growth of the market is driven by various factors such as the increase in data breaches and cyberattacks, mandates for HSM manufacturers to comply with internal and external privacy and data security regulations, and effective management of cryptographic keys. However, factors such as the cost associated with the hardware security modules is expected to limit the market growth for a short period of time.

“USB-based/portable HSM would witness a high growth rate during the forecast period”
The market for USB-based/portable HSM is expected to grow at the highest CAGR between 2017 and 2022. The USB-based/portable HSMs are ideally suitable for offline situations where the HSM is stored in a physical safe when not in use, or where the HSM is required to be portable. USB-based HSMs enable organizations to provide high-assurance cryptographic solutions in a cost-effective way. Portability and USB connectivity make USB-based HSMs especially suitable for use with laptops, workstations, or desktops, resulting in the highest growth rate during the forecast period.

“Payment processing type application market would witness a high market size”
The payment processing type application held the largest market size during the forecast period. The emergence of digital transactions, electronic payments, and the need to safeguard the most sensitive financial data results into the largest market share of the payment processing application. To keep systems and internal processes flexible and scalable, HSMs have been specially designed to meet the industry standards and regulatory requirement with respect to the payment processing resulting into the high growth rate for payment processing application during the forecast period.

“Europe would dominate the HSM market, while Latin America is expected to grow at the highest rate during the forecast period”
Europe held the largest share of the hardware security modules market in 2016 owing to the presence of major vendors of hardware security modules and high regulatory compliance in the region. The market in Latin America is expected to grow at the highest CAGR between 2017 and 2022. The growth of the hardware security modules market in Latin America is driven by the growing adoption of modern technologies such as cloud computing and IoT as well as the government initiatives for protecting the sensitive data by formulating data security standards.

Given below is the breakdown of the profile of the primary participants in terms of different parameters considered:
• By Company Type: Tier 1 - 25%, Tier 2 - 40%, and Tier 3 - 35%
• By Designation: C-Level Executives - 50%, Directors - 32%, and Others - 18%
• By Region: North Americas - 32%, Europe - 30%, APAC - 24%, and MEA & LA - 14%.
The key players operating in this market include Gemalto NV (Amsterdam), Thales e-Security, Inc. (U.S.), Utimaco GmbH (Germany), International Business Machines Corporation (U.S.), FutureX (U.S.), Hewlett Packard Enterprise Development LP (U.S.) SWIFT (Belgium), Atos SE (France), Ultra-Electronics (U.K.), and Yubico (U.S.).

Research Coverage
In this report, various segments such as type, application, industry, and geography have been covered. It also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across five main regions: North America, Europe, APAC, Middle East and Africa, and Latin America. The Porter’s five forces analysis has been included in the report, along with the description of each of its forces and their impact on the said market.

Reasons to Buy the Report:
• This report includes the hardware security modules market sizing in terms of value on the basis of type, application, industry, and geography and shipment/volume (in USD thousand) on the basis of type.
• The Porter’s five forces analysis, value chain analysis, and key strategies adopted by the market players have been provided for the hardware security modules market.
• The major drivers, restraints, opportunities and, challenges for the hardware security modules market have been provided in detail in this report.
• The report includes illustrative segmentation, analysis, and forecast for the hardware security modules market based on its segments and subsegments.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN THE HARDWARE SECURITY MODULES MARKET
    • HARDWARE SECURITY MODULES MARKET, BY TYPE
    • HARDWARE SECURITY MODULES MARKET, BY APPLICATION
    • HARDWARE SECURITY MODULES MARKET IN 2016
    • GEOGRAPHIC SNAPSHOT OF THE HARDWARE SECURITY MODULES MARKET, 2017-2022
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • Table PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • REGULATORY LANDSCAPE
      • REGULATORY COMPLIANCES
        • Table RULES AND REGULATIONS FOR PLAYERS IN THE HARDWARE SECURITY MODULE MARKET
      • CERTIFICATIONS
        • Table CERTIFICATIONS REQUIRED IN THE HARDWARE SECURITY MODULES MARKET
    • EMERGING TECHNOLOGICAL TRENDS
      • CLOUD-BASED HSM DEPLOYMENTS FOR HIGH SECURITY AND HIGH PERFORMANCE
      • INTERNET OF THINGS (IOT) EMPOWERS THE NEED FOR HIGH SECURITY
  • HARDWARE SECURITY MODULES MARKET, BY TYPE
    • INTRODUCTION
      • Table HSM MARKET, BY TYPE, 2014-2022 (USD MILLION)
      • Table HSM MARKET, BY TYPE, 2014-2022 (THOUSAND UNITS )
    • LAN-BASED HSM/NETWORK-ATTACHED HSM
      • Table HSM MARKET FOR LAN-BASED HSM/NETWORK-ATTACHED HSM, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR LAN-BASED HSM/NETWORK-ATTACHED HSM, BY APPLICATION, 2014-2022 (USD MILLION)
    • PCIE-BASED/EMBEDDED PLUGINS HSM
      • Table HSM MARKET FOR PCIE-BASED/EMBEDDED PLUGINS HSM, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR PCIE-BASED/EMBEDDED PLUGINS HSM, BY APPLICATION, 2014-2022 (USD MILLION)
    • USB-BASED/PORTABLE HSM
      • Table HSM MARKET FOR USB-BASED/PORTABLE HSM, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR USB-BASED/PORTABLE HSM, BY APPLICATION, 2014-2022 (USD MILLION)
  • HARDWARE SECURITY MODULES MARKET, BY APPLICATION
    • INTRODUCTION
      • Table HSM MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
    • PAYMENT PROCESSING
      • Table HSM MARKET FOR PAYMENT PROCESSING, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR PAYMENT PROCESSING, BY TYPE, 2014-2022 (USD MILLION)
    • CODE AND DOCUMENT SIGNING
      • Table HSM MARKET FOR CODE AND DOCUMENT SIGNING, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR CODE AND DOCUMENT SIGNING, BY TYPE, 2014-2022 (USD MILLION)
    • SECURE SOCKETS LAYER (SSL) AND TRANSPORT LAYER SECURITY (TLS)
      • Table HSM MARKET FOR SSL , BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR SSL , BY TYPE, 2014-2022 (USD MILLION)
    • AUTHENTICATION
      • Table HSM MARKET FOR AUTHENTICATION, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR AUTHENTICATION, BY TYPE, 2014-2022 (USD MILLION)
    • DATABASE ENCRYPTION
      • Table HSM MARKET FOR DATABASE ENCRYPTION, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR DATABASE ENCRYPTION, BY TYPE, 2014-2022 (USD MILLION)
    • PKI OR CREDENTIAL MANAGEMENT
      • Table HSM MARKET FOR PKI OR CREDENTIAL MANAGEMENT, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR PKI OR CREDENTIAL MANAGEMENT, BY TYPE, 2014-2022 (USD MILLION)
    • APPLICATION-LEVEL ENCRYPTION
      • Table HSM MARKET FOR APPLICATION-LEVEL ENCRYPTION, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR APPLICATION-LEVEL ENCRYPTION, BY TYPE, 2014-2022 (USD MILLION)
  • HARDWARE SECURITY MODULES MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table HSM MARKET, BY INDUSTRY, 2014-2022 (USD MILLION)
    • BANKING AND FINANCIAL SERVICES
      • Table HSM MARKET FOR BANKING AND FINANCIAL SERVICES, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR BANKING AND FINANCIAL SERVICES, BY TYPE, 2014-2022 (USD MILLION)
    • GOVERNMENT
      • Table HSM MARKET FOR GOVERNMENT, BY REGION, 2014-2022 (USD MILLION)
    • TECHNOLOGY AND COMMUNICATION
      • Table HSM MARKET FOR TECHNOLOGY AND COMMUNICATION, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR TECHNOLOGY AND COMMUNICATION, BY TYPE, 2014-2022 (USD MILLION)
    • INDUSTRIAL AND MANUFACTURING
      • Table HSM MARKET FOR INDUSTRIAL AND MANUFACTURING, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR INDUSTRIAL AND MANUFACTURING, BY TYPE, 2014-2022 (USD MILLION)
    • ENERGY AND UTILITY
      • Table HSM MARKET FOR ENERGY AND UTILITY, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR ENERGY AND UTILITY, BY TYPE, 2014-2022 (USD MILLION)
    • RETAIL AND CONSUMER PRODUCTS
      • Table HSM MARKET FOR RETAIL AND CONSUMER PRODUCTS, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR RETAIL AND CONSUMER PRODUCTS, BY TYPE, 2014-2022 (USD MILLION)
    • HEALTHCARE AND LIFE SCIENCES
      • Table HSM MARKET FOR HEALTHCARE AND LIFE SCIENCES, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR HEALTHCARE AND LIFE SCIENCES, BY TYPE, 2014-2022 (USD MILLION)
    • OTHERS
      • Table HSM MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET FOR OTHER INDUSTRIES, BY TYPE, 2014-2022 (USD MILLION)
  • GEOGRAPHICAL ANALYSIS
    • INTRODUCTION
      • Table HSM MARKET, BY REGION, 2014-2022 (USD MILLION)
    • NORTH AMERICA
      • U.S.
      • CANADA
      • REST OF NORTH AMERICA
        • Table HSM MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2022 (USD MILLION)
        • Table HSM MARKET IN NORTH AMERICA, BY TYPE, 2014-2022 (USD MILLION)
        • Table HSM MARKET IN NORTH AMERICA, BY APPLICATION, 2014-2022 (USD MILLION)
        • Table HSM MARKET IN NORTH AMERICA, BY INDUSTRY, 2014-2022 (USD MILLION)
    • EUROPE
      • GERMANY
      • U.K.
      • FRANCE
      • RUSSIA
      • REST OF EUROPE
        • Table HSM MARKET IN EUROPE, BY COUNTRY, 2014-2022 (USD MILLION)
        • Table HSM MARKET IN EUROPE, BY TYPE, 2014-2022 (USD MILLION)
        • Table HSM MARKET IN EUROPE, BY APPLICATION, 2014-2022 (USD MILLION)
        • Table HSM MARKET IN EUROPE, BY INDUSTRY, 2014-2022 (USD MILLION)
    • ASIA PACIFIC (APAC)
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF APAC
        • Table HSM MARKET IN APAC, BY COUNTRY, 2014-2022 (USD MILLION)
        • Table HSM MARKET IN APAC, BY TYPE, 2014-2022 (USD MILLION)
        • Table HSM MARKET IN APAC, BY APPLICATION, 2014-2022 (USD MILLION)
        • Table HSM MARKET IN APAC, BY INDUSTRY, 2014-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA (MEA)
      • Table HSM MARKET IN MEA, BY REGION, 2014-2022 (USD MILLION)
      • Table HSM MARKET IN MEA, BY TYPE, 2014-2022 (USD MILLION)
      • Table HSM MARKET IN MEA, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table HSM MARKET IN MEA, BY INDUSTRY, 2014-2022 (USD MILLION)
    • LATIN AMERICA
      • Table HSM MARKET IN LATIN AMERICA, BY TYPE, 2014-2022 (USD MILLION)
      • Table HSM MARKET IN LATIN AMERICA, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table HSM MARKET IN LATIN AMERICA, BY INDUSTRY, 2014-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
      • Table RANKING OF TOP 5 MARKET PLAYERS, 2015
    • COMPETITIVE SITUATIONS AND TRENDS
      • NEW PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table NEW PRODUCT LAUNCHES AND DEVELOPMENTS (2014-2017)
      • CONTRACTS, PARTNERSHIPS, AND AGREEMENTS
        • Table CONTRACTS, PARTNERSHIPS, AND AGREEMENTS (2014-2016)
      • EXPANSIONS
        • Table EXPANSION (2016)
      • MERGERS, ACQUISITIONS, AND COLLABORATIONS
        • Table MERGERS, ACQUISITIONS, AND COLLABORATIONS (2014-2016)
  • COMPANY PROFILE
    • INTRODUCTION
    • GEMALTO NV
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • THALES E-SECURITY INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • UTIMACO GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INTERNATIONAL BUSINESS MACHINES CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FUTUREX
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HEWLETT PACKARD ENTERPRISE COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ATOS SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • YUBICO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ULTRA ELECTRONICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SWIFT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • KEY INNOVATORS
      • SECUROSYS SA
      • CARDCONTACT SYSTEMS GMBH
      • LEDGER
      • SPYRUS, INC.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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