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Hardware Security Modules Market Set to Surge Significantly During 2022-2031

Global Hardware Security Modules Market report from Global Insight Services is the single authoritative source of intelligence on Hardware Security Modules Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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 external device that attaches directly to a computer or network server.

HSMs secure cryptographic keys and perform cryptographic operations with those keys. They are usually used in a public key infrastructure (PKI) to issue, revoke, and renew digital certificates and manage certificate revocation lists (CRLs). In general, an HSM provides mechanisms to generate, store, and use cryptographic keys in a secure way.

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Key Trends and Drivers

The major drivers for this market are the increasing need for data security and the compliance mandates for data security.

HSMs are used in a variety of applications, including:

  • securing communications between servers
  • securing sensitive data in databases
  • securing web applications
  • securing email communications
  • securing financial transactions
Restraints & Challenges

One of the key restraints is the high cost of HSMs. HSMs can cost several thousand dollars, which makes them unaffordable for many organizations.

Another key restraint is the lack of standardization in the HSM market. There are a variety of HSM vendors and each offers a different range of products and services. This lack of standardization makes it difficult for organizations to compare and select the best HSM for their needs.

Finally, HSMs can be complex to deploy and manage. They require a high level of technical expertise and can be difficult to integrate into existing systems.

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Market Segments

By Type

  • LAN-Based
  • PCIe-Based
  • USB-Based

By Application

  • Payment Processing
  • Code and Document Signing
  • SSL and TLS
  • Authentication
  • Database Encryption
Key Players
  • Gemalto NV
  • Thales E-Security
  • Utimaco GmbH
  • Futurex
  • IBM Corporation
  • Hewlett Packard Enterprise
  • ATOS SE
  • Ultra-Electronics
  • Swift Ledger
  • Spyrus Inc

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