Hardware security module (HSM) is a piece of hardware and associated software/firmware attached to or placed inside a particular hardware to serve cryptographic functions. Its functions largely include key management/generation, encryption, decryption, and hashing. HSM systems have the ability to securely back up the keys that they can be handled using some external security token such as smart card or via operating systems of the computer. The market for hardware security module is forecasted to grow to US$ 6,592.5 Mn by 2027, recording a CAGR of 11.4%.
The major factor leading to the growth of the hardware security module (HSM) market is growing data security concerns in all the data sensitive companies around the world. Hardware security modules are responsible for efficiently storing and managing cryptographic keys. The HSM performs a number of important security related functions including encryption and message authentication. There are various attributes of an efficient HSM device including FIPS 140-1 or 140-2 validation, secure cryptographic algorithm, standardized interface for developers, key backup, and key protection among others. End-users of HSM largely evaluate the HSM device vendors on these features.
The comprehensive protection of data can lead to increasing demand for hardware security modules in the near future. Organizations in the Germany, U.S., and Japan are more likely to deploy HSMs for encryption/decryption and key management. HSM has become an important part of an organization’s encryption and key management program. Most organizations are also moving toward cloud based HSM since over a period this deployment model has become more feasible and cost effective largely among medium and small enterprises.
High cost of implementation and upgrade of hardware security modules is expected to be one of the major restraints pulling back the market growth, specifically that of the traditional hardware security module.
The global hardware security module market can be segmented based on application, type, and industry vertical. The type segment has further been segmented into remote interface, local interface, smart cards, and USB tokens. Remote interface HSM type held the major market share in 2019 in the overall hardware security module market. However, smart cards and USB tokens are expected to display comparatively fast growth during the forecast period. On the basis of application, the market has been divided as authentication, payment processing database encryption, document signing, code signing, PKI/credential management, Secure Socket Layer (SSL), and application level encryption.
From a geographical point of view, North America is expected to hold major share in the hardware security module market. Growth in this region is attributed to strong adoption and penetration of security modules as well as presence of large number of vendors across the region. However, Europe is also estimated to contribute significant share in the overall HSM market, closely followed by Asia Pacific. This growth is supported by APAC countries including Japan, China, and India. The global HSM revenue stood at US$ 2,775.4 Mn in 2019 and is anticipated to expand at a CAGR of 11.4% during the forecast period from 2019 to 2027. South America and Middle East & Africa are anticipated to grow at a relatively stable rate during the forecast period.
Based on industry vertical, the market is segmented into healthcare and life sciences, banking and financial institutions, government, technology and communication, energy and utility, industrial and manufacturing, retail and consumer, and others (automotive, hospitality and transportation). Among the industry verticals, the automotive and transportation segments are expected to expand at the fastest rate owing to the increasing deployment of HSM in automobile and transportation industry verticals. However, BFSI accounted for the largest share in 2019, followed by healthcare & life sciences.
Attracted by a significantly expanding market, underlying technological advancements, and growing popularity of cloud-based HSM solutions, many players are driven to develop a comprehensive suite of modules for a number of industries. There is a rush of companies across industries to strengthen their foothold in the hardware security module market. In 2019, Atos SE entered into a strategic partnership with Orange Cyberdefense to focus on the market for secure mobile terminal communication. Key vendors in the market are continuously involved in improvement and development of more feasible HSM solutions. Some of the players profiled in the global hardware security module (HSM) market include
Hardware Security Module Market
A hardware security module (HSM) refers to a physical device that protects sensitive data from unauthorized access. It is used for the purpose of database encryption, authentication, code and document signing, payment processing, decryption, and application-level encryption. It also handles cryptographic keys for various important operations such as authentication, decryption, and encryption. Businesses, for example, make use of a hardware security module to protect valuable trade secrets by guaranteeing that only authorized personnel have access to the system in order to perform a cryptographic key transaction. Demand for high security is anticipated to support development of the global hardware security module market in the years to come.
For SSL connections, hardware security module systems function as hardware cryptographic accelerators, and asymmetric key processes can benefit from considerable CPU offload. Elliptic curve cryptography (ECC) is also supported by most hardware security modules, which enables better encryption despite lower lengths of key. These modules comply with globally recognized standards and certifications pertaining to infrastructural and security of applications, such as GIE CB, PCI-DSS, EU Restricted, eIDAS, ANSSI Certification, and FIPS 140 amongst others. Security Degree 4 is the highest level of FIPS 140 certification that may be obtained. To avoid bus probing and manipulation, hardware security modules are generally packaged in tamper-responsive, tamper-evident, or tamper-resistant packaging. It also includes one or more cryptoprocessor chips or a module comprising a mix of chips. Rising demand for the product is estimated to foster development of the global hardware security module market in near future.
Global Hardware Security Module (HSM) Market Segmentation:
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The global Hardware Security Module Market was worth US$2,775.4 Mn and is projected to reach a value of US$6,592.5 Mn by the end of 2027
Key players in the global Hardware Security Module Market include Gemalto NV, IBM Corporation, Ultra Electronics Group, Utimaco GmbH, Futurex, Thales e-Security, Inc., Hewlett Packard Enterprise Development L.P., SWIFT, and Yubico.
The major factor leading to the growth of the hardware security module (HSM) market is growing data security concerns in all the data sensitive companies around the world.
The forecast period considered for the Hardware Security Module Market is 2019-2027
North America is more attractive region for vendors in the Hardware Security Module Market
1. Preface
1.1. Market Scope
1.2. Market Segmentation
1.3. Key Research Objectives
2. Assumptions and Research Methodology
2.1. Market Taxonomy - Segment Definitions
2.2. Research Methodology
2.2.1. List of Primary and Secondary Sources
2.3. Key Assumptions for Data Modelling
3. Executive Summary : Global Hardware Security Module (HSM) Market
4. Market Overview
4.1. Introduction
4.1.1. Global Market – Macro Economic Factors Overview
4.1.2. Key Regional Socio-political Technological Developments and their Impact Considerations
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Supply Side
4.2.1.2. Demand Side
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Impact Analysis of Drivers & Restraints
4.3. Key Market Indicators
4.3.1. Global Cyber Security Industry Overview (US$ Mn), 2017 – 2027
4.4. Technical specification in Hardware Security Module
4.4.1. Algorithms and key sizes
4.4.2. Capacity
4.4.3. API needed
4.4.4. Security Certifications
4.4.5. Speed of cryptographic operations
4.5. Key Trends Analysis
4.6. Porter’s Five Forces Analysis - Global Hardware Security Module (HSM) Market
4.6.1. Cost analysis
4.6.2. Key end user/customers analysis
4.6.3. Market Channel Development Trends
4.6.4. Key distributors/ VARs/ intermediaries
4.7. Ecosystem Analysis - Global Hardware Security Module (HSM) Market]
4.8. PESTLE Analysis –Global Hardware Security Module (HSM)
4.9. Global Hardware Security Module (HSM) Market Analysis and Forecast, 2017 – 2027
4.9.1. Historic growth trends, 2015-2018
4.9.2. Forecast trends, 2019-2027
4.10. Competitive Scenario and Trends
4.10.1. Hardware Security Module (HSM)) Market Concentration Rate
4.10.1.1. List of New Entrants
4.10.1.2. Mergers & Acquisitions, Expansions
4.11. Market Outlook
5. Global Hardware Security Module Market Analysis and Forecast, by Type
5.1. Overview & Definitions
5.2. Hardware Security Module Market Size (US$ Mn) Forecast by Type, 2017 – 2027
5.2.1. Local Interface
5.2.2. Smart Cards
5.2.3. USB Tokens
5.3. Type Comparison Matrix
5.4. Market Attractiveness by Type
6. Global Hardware Security Module Market Analysis and Forecast, by Application
6.1. Overview & Definition
6.2. Hardware Security Module Market Size (US$ Mn) Forecast by Application, 2017 – 2027
6.2.1. Authentication
6.2.2. Database Encryption
6.2.3. Document Signing
6.2.4. Secure Sockets Layer (SSL)
6.2.5. Code Signing
6.2.6. PKI/Credential Management
6.2.7. Payments Processing
6.2.8. Application Level Encryption
6.3. Application Comparison Matrix
6.4. Market Attractiveness by Application
7. Global Hardware Security Module Market Analysis and Forecast, by Industry Vertical
7.1. Overview & Definition
7.2. Hardware Security Module Market Size (US$ Mn) Forecast by Power-Source, 2017 – 2027
7.2.1. Banking and financial Services
7.2.2. Government
7.2.3. Technology and Communication
7.2.4. Industrial and Manufacturing
7.2.5. Energy and Utility
7.2.6. Retail and Consumer Products
7.2.7. Healthcare & Life sciences
7.2.8. Others
7.3. Industry Vertical Comparison Matrix
7.4. Market Attractiveness by Industry Vertical
8. Global Hardware Security Module Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Hardware Security Module Market Size (US$ Mn) Forecast, by Region, 2017 – 2027
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. South America
8.3. Market Attractiveness by Region
9. North America Hardware Security Module Market Analysis and Forecast
9.1. Key Findings
9.2. Market Dynamics
9.2.1. Drivers
9.2.1.1. Supply Side
9.2.1.2. Demand Side
9.2.2. Restraints
9.2.3. Opportunities
9.2.4. Impact Analysis of Drivers & Restraints
9.3. Hardware Security Module Market Size (US$ Mn) Forecast by Type, 2017 – 2027
9.3.1. Local Interface
9.3.2. Smart Cards
9.3.3. USB Tokens
9.4. Hardware Security Module Market Size (US$ Mn) Forecast by Application, 2017 – 2027
9.4.1. Authentication
9.4.2. Database Encryption
9.4.3. Document Signing
9.4.4. Secure Sockets Layer (SSL)
9.4.5. Code Signing
9.4.6. PKI/Credential Management
9.4.7. Payments Processing
9.4.8. Application Level Encryption
9.5. Hardware Security Module Market Size (US$ Mn) Forecast by Power-Source, 2017 – 2027
9.5.1. Banking and financial Services
9.5.2. Government
9.5.3. Technology and Communication
9.5.4. Industrial and Manufacturing
9.5.5. Energy and Utility
9.5.6. Retail and Consumer Products
9.5.7. Healthcare & Life sciences
9.5.8. Others
9.6. Hardware Security Module Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
9.6.1. The U.S.
9.6.2. Canada
9.6.3. Rest of North America
9.7. Market Attractiveness Analysis
9.7.1. By Type
9.7.2. By Application
9.7.3. By Industry Vertical
9.7.4. By Country
10. Europe Hardware Security Module Market Analysis and Forecast
10.1. Key Findings
10.2. Market Dynamics
10.2.1. Drivers
10.2.1.1. Supply Side
10.2.1.2. Demand Side
10.2.2. Restraints
10.2.3. Opportunities
10.2.4. Impact Analysis of Drivers & Restraints
10.3. Hardware Security Module Market Size (US$ Mn) Forecast by Type, 2017 – 2027
10.3.1. Local Interface
10.3.2. Smart Cards
10.3.3. USB Tokens
10.4. Hardware Security Module Market Size (US$ Mn) Forecast by Application, 2017 – 2027
10.4.1. Authentication
10.4.2. Database Encryption
10.4.3. Document Signing
10.4.4. Secure Sockets Layer (SSL)
10.4.5. Code Signing
10.4.6. PKI/Credential Management
10.4.7. Payments Processing
10.4.8. Application Level Encryption
10.5. Hardware Security Module Market Size (US$ Mn) Forecast by Power-Source, 2017 – 2027
10.5.1. Banking and financial Services
10.5.2. Government
10.5.3. Technology and Communication
10.5.4. Industrial and Manufacturing
10.5.5. Energy and Utility
10.5.6. Retail and Consumer Products
10.5.7. Healthcare & Life sciences
10.5.8. Others
10.6. Hardware Security Module Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
10.6.1. Germany
10.6.2. France
10.6.3. UK
10.6.4. Rest of Europe
10.7. Market Attractiveness Analysis
10.7.1. By Type
10.7.2. By Application
10.7.3. By Industry Vertical
10.7.4. By Country
11. Asia-Pacific Hardware Security Module Market Analysis and Forecast
11.1. Key Findings
11.2. Market Dynamics
11.2.1. Drivers
11.2.1.1. Supply Side
11.2.1.2. Demand Side
11.2.2. Restraints
11.2.3. Opportunities
11.2.4. Impact Analysis of Drivers & Restraints
11.3. Hardware Security Module Market Size (US$ Mn) Forecast by Type, 2017 – 2027
11.3.1. Local Interface
11.3.2. Smart Cards
11.3.3. USB Tokens
11.4. Hardware Security Module Market Size (US$ Mn) Forecast by Application, 2017 – 2027
11.4.1. Authentication
11.4.2. Database Encryption
11.4.3. Document Signing
11.4.4. Secure Sockets Layer (SSL)
11.4.5. Code Signing
11.4.6. PKI/Credential Management
11.4.7. Payments Processing
11.4.8. Application Level Encryption
11.5. Hardware Security Module Market Size (US$ Mn) Forecast by Power-Source, 2017 – 2027
11.5.1. Banking and financial Services
11.5.2. Government
11.5.3. Technology and Communication
11.5.4. Industrial and Manufacturing
11.5.5. Energy and Utility
11.5.6. Retail and Consumer Products
11.5.7. Healthcare & Life sciences
11.5.8. Others
11.6. Hardware Security Module Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
11.6.1. China
11.6.2. Japan
11.6.3. India
11.6.4. Rest of Asia Pacific
11.7. Market Attractiveness Analysis
11.7.1. By Type
11.7.2. By Application
11.7.3. By Industry Vertical
11.7.4. By Country
12. Middle-East and Africa Hardware Security Module Market Analysis and Forecast
12.1. Key Findings
12.2. Market Dynamics
12.2.1. Drivers
12.2.1.1. Supply Side
12.2.1.2. Demand Side
12.2.2. Restraints
12.2.3. Opportunities
12.2.4. Impact Analysis of Drivers & Restraints
12.3. Hardware Security Module Market Size (US$ Mn) Forecast by Type, 2017 – 2027
12.3.1. Local Interface
12.3.2. Smart Cards
12.3.3. USB Tokens
12.4. Hardware Security Module Market Size (US$ Mn) Forecast by Application, 2017 – 2027
12.4.1. Authentication
12.4.2. Database Encryption
12.4.3. Document Signing
12.4.4. Secure Sockets Layer (SSL)
12.4.5. Code Signing
12.4.6. PKI/Credential Management
12.4.7. Payments Processing
12.4.8. Application Level Encryption
12.5. Hardware Security Module Market Size (US$ Mn) Forecast by Power-Source, 2017 – 2027
12.5.1. Banking and financial Services
12.5.2. Government
12.5.3. Technology and Communication
12.5.4. Industrial and Manufacturing
12.5.5. Energy and Utility
12.5.6. Retail and Consumer Products
12.5.7. Healthcare & Life sciences
12.5.8. Others
12.6. Hardware Security Module Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
12.6.1. GCC
12.6.2. South Africa
12.6.3. Rest of MEA
12.7. Market Attractiveness Analysis
12.7.1. By Type
12.7.2. By Industry Vertical
12.7.3. By Application
12.7.4. By Country
13. South Africa Hardware Security Module Market Analysis and Forecast
13.1. Key Findings
13.2. Market Dynamics
13.2.1. Drivers
13.2.1.1. Supply Side
13.2.1.2. Demand Side
13.2.2. Restraints
13.2.3. Opportunities
13.2.4. Impact Analysis of Drivers & Restraints
13.3. Hardware Security Module Market Size (US$ Mn) Forecast by Type, 2017 – 2027
13.3.1. Local Interface
13.3.2. Smart Cards
13.3.3. USB Tokens
13.4. Hardware Security Module Market Size (US$ Mn) Forecast by Application, 2017 – 2027
13.4.1. Authentication
13.4.2. Database Encryption
13.4.3. Document Signing
13.4.4. Secure Sockets Layer (SSL)
13.4.5. Code Signing
13.4.6. PKI/Credential Management
13.4.7. Payments Processing
13.4.8. Application Level Encryption
13.5. Hardware Security Module Market Size (US$ Mn) Forecast by Power-Source, 2017 – 2027
13.5.1. Banking and financial Services
13.5.2. Government
13.5.3. Technology and Communication
13.5.4. Industrial and Manufacturing
13.5.5. Energy and Utility
13.5.6. Retail and Consumer Products
13.5.7. Healthcare & Life sciences
13.5.8. Others
13.6. Hardware Security Module Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
13.6.1. Brazil
13.6.2. Argentina
13.6.3. Rest of South America
13.7. Market Attractiveness Analysis
13.7.1. By Type
13.7.2. By Application
13.7.3. By Industry Vertical
13.7.4. By Country
14. Competition Landscape
14.1. Market Player – Competition Matrix
14.2. Market Positioning Analysis, by Company (2019)
15. Company Profiles (Details – Basic Overview, Sales Area/Geographical Presence, Revenue, SWOT Analysis, and Strategy)
15.1. Futurex
15.1.1. Basic Overview
15.1.2. Sales Area/Geographical Presence
15.1.3. Revenue
15.1.4. SWOT Analysis
15.1.5. Strategy
15.2. Gemalto NV
15.2.1. Basic Overview
15.2.2. Sales Area/Geographical Presence
15.2.3. Revenue
15.2.4. SWOT Analysis
15.2.5. Strategy
15.3. Hewlett Packard Enterprise Development LP
15.3.1. Basic Overview
15.3.2. Sales Area/Geographical Presence
15.3.3. Revenue
15.3.4. SWOT Analysis
15.3.5. Strategy
15.4. International Business Machines (IBM) Corporation
15.4.1. Basic Overview
15.4.2. Sales Area/Geographical Presence
15.4.3. Revenue
15.4.4. SWOT Analysis
15.4.5. Strategy
15.5. SWIFT
15.5.1. Basic Overview
15.5.2. Sales Area/Geographical Presence
15.5.3. Revenue
15.5.4. SWOT Analysis
15.5.5. Strategy
15.6. Thales e-Security, Inc.
15.6.1. Basic Overview
15.6.2. Sales Area/Geographical Presence
15.6.3. Revenue
15.6.4. SWOT Analysis
15.6.5. Strategy
15.7. Ultra Electronics group
15.7.1. Basic Overview
15.7.2. Sales Area/Geographical Presence
15.7.3. Revenue
15.7.4. SWOT Analysis
15.7.5. Strategy
15.8. Utimaco GmbH
15.8.1. Basic Overview
15.8.2. Sales Area/Geographical Presence
15.8.3. Revenue
15.8.4. SWOT Analysis
15.8.5. Strategy
15.9. Yubico
15.9.1. Basic Overview
15.9.2. Sales Area/Geographical Presence
15.9.3. Revenue
15.9.4. SWOT Analysis
15.9.5. Strategy
16. Key Takeaways
List of Tables
Table 1: Global Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Type , 2017 – 2027
Table 2: Global Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Application, 2017 – 2027
Table 3: Global Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Industry Vertical, 2017 – 2027
Table 4: Global Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Region, 2017 – 2027
Table 5: North America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Type, 2017 – 2027
Table 6: North America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Application, 2017 – 2027
Table 7: North America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Industry Vertical, 2017 – 2027
Table 8: North America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
Table 9: Europe Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Type, 2017 – 2027
Table 10: Europe Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Application, 2017 – 2027
Table 11: Europe Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Industry Vertical, 2017 – 2027
Table 12: Europe Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
Table 13: Asia Pacific Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Type, 2017 – 2027
Table 14: Asia Pacific Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Application, 2017 – 2027
Table 15: Asia Pacific Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Industry Vertical, 2017 – 2027
Table 16: Asia Pacific Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
Table 17: Middle East & Africa Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Type, 2017 – 2027
Table 18: Middle East & Africa Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Application, 2017 – 2027
Table 20: Middle East & Africa Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Industry Vertical, 2017 – 2027
Table 21: Middle East & Africa Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
Table 22: South America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Type, 2017 – 2027
Table 23: South America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Application, 2017 – 2027
Table 24: South America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Industry Vertical, 2017 – 2027
Table 25: South America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
List of Figures
Figure 1: Market Sizing Methodology – Stage 1
Figure 2: The Global Hardware Security Module (HSM) Market Overview
Figure 3: Gross Domestic Product (GDP) per Capita; Analysis (1/2) (US$ Mn), by Major Countries, 2013 - 2019
Figure 4: Gross Domestic Product (GDP) Analysis (2/2) (US$ Mn), by Major Countries, 2015 - 2019
Figure 5: Cyber Security Industry
Figure 6: ICT Spending (US$ Mn) Trend
Figure 7: Ecosystem Analysis Under Type 3 delivery model, the HSM are sold as a part of preconfigured system to the industry vertical or the end-user
Figure 8: Historic Growth Trends For Global Hardware Security Module (HSM) Market, 2015-2018 (US$ Mn)
Figure 9: Forecast trends For Global Hardware Security Module (HSM) Market, 2020-2027 (US$ Mn)
Figure 10: Y – o – Y Growth, For Global Hardware Security Module (HSM) Market, 2012-2026 (US$ Mn)
Figure 11: Global Hardware Security Module (HSM) Market CAGR by Type (2019 - 2027)
Figure 12: Global Hardware Security Module (HSM) Market CAGR by Region (2019 - 2027)
Figure 13: Global Hardware Security Module (HSM) Market CAGR by Application (2019 - 2027)
Figure 14: Global Hardware Security Module (HSM) Market Analysis and Forecast, by Type
Figure 15: Type Comparison Matrix
Figure 16: Global Hardware Security Module (HSM) Market Attractiveness, by Type (2019)
Figure 17: Global Hardware Security Module (HSM) Market Analysis and Forecast, by Application
Figure 18: Application Comparison Matrix
Figure 19: Global Hardware Security Module (HSM) Market Attractiveness, by Application (2019)
Figure 20: Global Hardware Security Module (HSM) Market Analysis and Forecast, by Industry
Figure 21: Industry Vertical Comparison Matrix
Figure 22: Global Hardware Security Module (HSM) Market Attractiveness, by Industry Vertical (2019)
Figure 23: Global Regional Analysis
Figure 24: Global Hardware Security Module (HSM) Market Value Share Analysis, by Region, 2019 and 2027
Figure 25: Global Hardware Security Module (HSM) Market Attractiveness Analysis, by Region (2019)
Figure 26: North America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 27: North America Hardware Security Module (HSM) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 28: North America Hardware Security Module (HSM) Market Attractiveness Analysis, by Type (2019)
Figure 29: North America Hardware Security Module (HSM) Market Attractiveness Analysis, by Application (2019)
Figure 30: North America Hardware Security Module (HSM) Market Attractiveness Analysis, by Industry Vertical (2019)
Figure 31: North America Hardware Security Module (HSM) Market Attractiveness Analysis, by Country (2019)
Figure 32: Europe Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 33: Europe Hardware Security Module (HSM) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 34: Europe Hardware Security Module (HSM) Market Attractiveness Analysis, by Type (2019)
Figure 35: Europe Hardware Security Module (HSM) Market Attractiveness Analysis, by Application (2019)
Figure 36: Europe Hardware Security Module (HSM) Market Attractiveness Analysis, by Industry Vertical (2019)
Figure 37: Europe Hardware Security Module (HSM) Market Attractiveness Analysis, by Country (2019)
Figure 38 Asia Pacific Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 39: Asia Pacific Hardware Security Module (HSM) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 40 Asia Pacific Hardware Security Module (HSM) Market Attractiveness Analysis, by Type (2019)
Figure 41: Asia Pacific Hardware Security Module (HSM) Market Attractiveness Analysis, by Application (2019)
Figure 42: Asia Pacific Hardware Security Module (HSM) Market Attractiveness Analysis, by Industry Vertical (2019)
Figure 43: Asia Pacific Hardware Security Module (HSM) Market Attractiveness Analysis, by Country (2019)
Figure 44: Middle East & Africa Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 45: Middle East & Africa Hardware Security Module (HSM) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 46: Middle East & Africa Hardware Security Module (HSM) Market Attractiveness Analysis, by Type (2019)
Figure 47: Middle East & Africa Hardware Security Module (HSM) Market Attractiveness Analysis, by Application (2019)
Figure 48: Middle East & Africa Hardware Security Module (HSM) Market Attractiveness Analysis, by Industry Vertical (2019)
Figure 49: Middle East & Africa Hardware Security Module (HSM) Market Attractiveness Analysis, by Country (2019)
Figure 50: MEA Drivers
Figure 51: Restraints
Figure 52: South America Hardware Security Module (HSM) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 53: South America Hardware Security Module (HSM) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 54: South America Hardware Security Module (HSM) Market Attractiveness Analysis, by Type (2019)
Figure 55: South America Hardware Security Module (HSM) Market Attractiveness Analysis, by Application (2019)
Figure 56: South America Hardware Security Module (HSM) Market Attractiveness Analysis, by Industry Vertical (2019)
Figure 57: South America Hardware Security Module (HSM) Market Attractiveness Analysis, by Country (2019)
Figure 58: Market Positioning Analysis (1/2)
Figure 59: Atos SE Business Segments
Figure 60: Atos SE Revenue (US$ Mn) & Y-o-Y Growth (%), 2017-2019
Figure 61: Gemalto NV Business Segments
Figure 62: Gemalto NV Revenue (US$ Mn) & Y-o-Y Growth (%), 2017-2019
Figure 63: Futurex Products Offerings
Figure 64: Hewlett Packard Enterprise Development L.P. Products Offerings
Figure 65: Hewlett Packard Enterprise Development L.P. Revenue (US$ Mn) & Y-o-Y Growth (%), 2017-2019
Figure 66: IBM Corporation Products Offerings
Figure 67: IBM Corporation Revenue (US$ Mn) & Y-o-Y Growth (%), 2014–2017
Figure 68: SWIFT Products Offerings
Figure 69: SWIFT Revenue (US$ Mn) & Y-o-Y Growth (%), 2017-2019
Figure 70: Thales e-Security, Inc. Products Offerings
Figure 71: Thales e-Security, Inc. Revenue (US$ Mn) & Y-o-Y Growth (%), 2017-2019
Figure 72: Ultra Electronics Group Products Offerings
Figure 73: Ultra Electronics Group Revenue (US$ Mn) & Y-o-Y Growth (%), 2017-2019
Figure 74: Utimaco GmbH Products Offerings
Figure 75: Yubico Products Offerings
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Hardware Security Module (HSM) Market Analysis, Outlook 2027
