Global Hardware Security Module (HSM)Market – Overview
A Hardware Security Module (HSM) is a physical device that provides a secure environment for the storage of cryptographic keys and for performing operations. The HSM is associated with software solution that is attached with inside a PC or servers and offers a tamper protection mechanism that provides a secure out-of-band management interface for key materials. HSM offers numerous attributes for the business to focussed to make quality products and services. The attributes include widely accepted and open secure cryptographic algorithms, strong random number generation for cryptographic functions, a standardized interface for developers, and others. However, high deployment cost of HSM is likely to hinder the growth of the HSM market during the forecast period.
The key players of global Hardware Security Module Market 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.
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Hardware Security Modules Market Global Market – Segmentation
- Segmentation by type: LAN-based HSM/network-attached HSM, PCIe-based/embedded plugins HSM and USB-based/portable HSM
- Segmentation by deployment: cloud and on-premises
- Segmentation by application: payment processing, code and document signing, secure sockets layer (SSL) and transport layer security (TLS), authentication, database encryption, PKI or credential management and application-level encryption
- Segmentation by industry vertical: BFSI, government, technology and communications, industrial and manufacturing industry, energy and utilities, retail, healthcare and life Science and others
- Segmentation by region: North America, Europe, Asia-Pacific and rest of the world
Hardware Security Modules Market Global Market – Regional Analysis
The regional analysis of hardware security modules market is studied for North America, Europe, Asia-Pacific and rest of the world. North America is expected to dominate the hardware security modules market due to rising deployment of HSMs device for various applications in the organizations operating in this region, particularly in the US. Moreover, North America being a technically advanced region, focuses on improving their security infrastructure to protect data from malicious attacks, hence the demand for HSMs in this region is increasing significantly. Asia-Pacific is expected to be the fastest growing region during the forecast period as the countries in this region are increasingly adopting modern technologies such as cloud and IoT, thereby creating huge opportunity for data and information security.
Nov 18, Infineon Technologies has developed a hardware-based security module for connected vehicles
Infineon Technologies developed a hardware-based security module that is expected to protect communications between connected cars and car manufacturers with its new OPTIGA TPM 2.0, a trusted platform module (TPM) in which manufacturers can incorporate sensitive security keys for assigning access rights, authentication, and data encryption in the car in a protected way.
Aug 18, Google introduces Cloud HSM beta hardware security module for crypto key security
Google introduced cloud HSM beta hardware security module which is expected to allow better security for customers without them having to worry about operational overhead. This HSM can encrypt small data blocks to larger blocks that are usually managed with Key Management Service (KMS).
April 18, Venafi Debuts Scalable Security Solution for Hardware Security Modules
Venafi, provider of machine identity protection, introduced an Advanced Key Protect, a solution that is expected to allow users to generate strong encryption keys from a central hardware security module (HSM).
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