Global Hardware Security Modules (HSM) Market Growth 2019-2024

A hardware security module (HSM) is a physical computing device that safeguards and manages digital keys for strong authentication and provides crypto processing. These modules traditionally come in the form of a plug-in card or an external device that attaches directly to a computer or network server.
Hardware Security Modules (HSM) are devices specifically built to create a tamper-resistant environment in which to perform cryptographic processes (e.g. encryption or digital signing) and to manage keys associated with those processes. HSMs often provide cryptographic acceleration that is measured in terms of operations. These devices are used to protect critical data processing activities associated with server based applications and can be used to strongly enforce security policies and access controls. These modules are physical devices that traditionally come in the form of a plug-in card or an external network connected appliance and are often validated against security standards such as FIPS.
The Hardware Security Module industry concentration is not high; there are more than one hundreds manufacturers in the world, and high-end products mainly from U.S. and Western European.
Global giant manufactures mainly distributed in U.S. China，and E.U. The manufacturers in U.S. have a long history and unshakable status in this field. Manufacturers such as Gemalto have relative higher level of product’s quality. As to France, Gemalto has become as a global leader. In Germany, Utimaco leads the technology development. Most of Chinese manufactures locate in Beijing，Guangzhou province.
Many companies have several plants, usually locate in the place close to aimed consumption region. There are international companies set up factories in China either, such as JN UNION. Some companies usually take a joint venture enter into aim market.
The key consumption markets locate at developed countries. The United States takes the market share of 32%, followed by EU with 24%. China’s consumption market share of 14.5% with a quicker growing speed of CAGR 18%.
We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

According to this study, over the next five years the Hardware Security Modules (HSM) market will register a 11.1% CAGR in terms of revenue, the global market size will reach US$ 2020 million by 2024, from US$ 1080 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Hardware Security Modules (HSM) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Hardware Security Modules (HSM) market by product type, application, key manufacturers and key regions and countries.

This study considers the Hardware Security Modules (HSM) value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
General Purpose HSMs
Payment HSMs
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industrial and Manufacturing
Banking, Financial services and Insurance (BFSI)
Government
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Gemalto
Atos SE
Westone
Thales
Ultra Electronics
Utimaco
JN UNION
JN TASS
Beijing Sansec Technology
Yubico
SWIFT
Micro Focus
Futurex
SPYRUS Inc.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Hardware Security Modules (HSM) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Hardware Security Modules (HSM) market by identifying its various subsegments.
Focuses on the key global Hardware Security Modules (HSM) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Hardware Security Modules (HSM) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Hardware Security Modules (HSM) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.