Hardware Security Modules Market 2020 Competitive Landscape and Growth Factors
Posted by Akash Sangshetti on January 4th, 2021
The global hardware security module market is assessed to witness a vigorous development during the forecast period 2016-2022, reveals Market Research Future in its in-depth study it conducted. The study also included various factors, segmental analysis, as well as regional analysis to understand the future dynamics of the market and its growth graph.
Growth Drivers & Key Challenges
The alluring benefits offered by the hardware security module, such as protection of the crypto key lifecycle, safeguarding, managing, are considered the major factors driving the market towards a growth graph. At present, many firms and businesses are strongly favoring hardware security to shield all types of transactions, identities, and applications. These functions are active as it assists in securing cryptographic keys, authentication, and digital signing services for a wide range of applications. These factors are taking the market to the levels of expansion in the coming years.
At the same time, other key drivers contributing to the growth of the Hardware Security Modules Market are a surge in data breaches & cyber-attacks, ongoing mandate options for hardware security module manufacturers to conform with the internal & external privacy & data security regulations, and effective management of cryptographic keys. These have to influence the market to a great extent for past years and will continue with proliferation during the forecast period.
On the flip side, the factor of the high initial cost is, in a way, posing as an obstacle for the hardware security module market growth scheduled in the forecast period.
The key players of Hardware Security Modules Industry report 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.), Yubico (U.S.) and others.
Hardware Security Modules Market Global Market - Segmentation
The global hardware security module market, as per the study, has been segmented by the elements of type, application, and end-users.
Hardware Security Modules Market Global Market - Regional Analysis
Regionally, the global market of hardware security module has been studied among crucial regions, namely North America, Europe, Asia-Pacific, and RoW.
Among these, Latin America occupied the leading market share due to various factors such as the formulation of new regulatory compliances, rapid adoption of modern technologies such as cloud and IoT. These are simultaneously creating a massive opportunity for data and information security in this region for future expansion.
Asia-Pacific region is also anticipated to expand over the forecast period, 2016-2022, mainly in countries such as China and India countries as the key players in this region are investing a tremendous amount of money for security.
Table of Contents:
LIST OF TABLES
TABLE 1 GLOBAL HARDWARE SECURITY MODULE MARKET, BY TYPE
TABLE 2 GLOBAL HARDWARE SECURITY MODULE MARKET, BY APPLICATION
TABLE 3 GLOBAL HARDWARE SECURITY MODULE MARKET, BY END-USERS
TABLE 4 GLOBAL HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY
TABLE 5 NORTH AMERICA HARDWARE SECURITY MODULE MARKET, BY TYPE
TABLE 6 NORTH AMERICA HARDWARE SECURITY MODULE MARKET, BY APPLICATION
TABLE 7 NORTH AMERICA HARDWARE SECURITY MODULE MARKET, BY END-USERS
TABLE 8 NORTH AMERICA HARDWARE SECURITY MODULE MARKET, BY GEOGRAPHY
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About the AuthorAkash Sangshetti
Joined: October 1st, 2019
Articles Posted: 322
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