Market Executive Summary

The global market for Hardware Security Modules (HSM) was estimated to be worth US$ 1243.1 million in 2023 and is forecast to a readjusted size of US$ 2933.8 million by 2030 with a CAGR of 13.1% during the forecast period 2024-2030.

Global key players of hardware security modules (HSM) include Thales, Entrust Corp, Utimaco, ATOS SE, Marvell Technology Group, etc. The top five players hold a share about 45%. North America is the largest market, has a share about 38%, followed by Europe and Asia-Pacific, with share 33% and 25%, separately.

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.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Hardware Security Modules (HSM), focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Hardware Security Modules (HSM) by region & country, by Type, and by Application.

The Hardware Security Modules (HSM) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hardware Security Modules (HSM).

Global Hardware Security Modules (HSM) Companies Covered

Thales, Entrust Corp, Utimaco, ATOS SE, Marvell Technology Group, Westone Information Industry, Ultra Electronics, Sansec Technology, Synopsys, Inc, Futurex, Keyou, Beijing Dean Information Technology, Fortanix, Securosys, Yubico.

Global Hardware Security Modules (HSM) Market, Segment by Type

General Purpose HSMs

Payment HSMs

HSMaaS

Global Hardware Security Modules (HSM) Market, Segment by Application

BFSI

Industrial and Manufacturing

Government

Others

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Hardware Security Modules (HSM) manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Revenue of Hardware Security Modules (HSM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Revenue of Hardware Security Modules (HSM) in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.