Hardware Security Module (HSM) Market - industry Analysis 2019 - 2027
Hardware Security Module (HSM) Market Is Driven By Online Transactions Globally
By: Credence Research Inc
The end-user-based hardware security module (HSM) market was segmented as BFSI, Healthcare, IT & Telecom, Rail, Power & Utilities, Manufacturing, Retail, Industry, and others. BFSI segments are the leading segment in 2018 with a market share of more than 20.0 per cent and are projected to dominate the market during the forecast period. Increasing transactions are one of the main drivers of the market. In February 2017, Utimaco GmbH launched a product offering security for cloud applications with the latest version of its SecurityServer line of hardware security modules (HSMs).
Asia-Pacific is projected to be the fastest-growing region due to increased investment by government and private companies in providing a variety of products and services for secure data processing and security. Rising BFSI, e-commerce, IT & telecommunications and other industries in the area are a key driver of the demand in the region.
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In addition, the emergence of a local supplier offering different types of HSM is also driving the market. The Asia-Pacific region has been segmented by countries such as India, China, Japan and the rest of Asia-Pacific. China has the largest market share in the region due to the increasing demand for a secure network, storage devices, data transmission, and others.
Some of the prominent players operating in the Hardware Security Module (HSM) market include Thales E-Security Inc., Gemalto NV, Utimaco GmbH, Futurex, International Business Machines Corporation, Ledger, Hewlett Packard Enterprise Company, Yubico, ATOS SE, Ultra Electronics, Securosys Sa, Swift, Cardcontact Systems GmbH, Ledger, and Spyrus, Inc.