The global hardware secure module (HSM) adapters market was valued at $1,319.27 million in 2021, and is projected to reach $4,372.64 million by 2031, registering a CAGR of 13.0% from 2022 to 2031.
A physical object known as a hardware security module (HSM) adds additional security for sensitive data. For crucial operations like encryption, decryption, and authentication for the use of applications, identities, and databases, this kind of device is utilized to provision cryptographic keys. These gadgets may come in the form of plugin cards or may be built into other hardware, such as smart cards, home appliances, and other extraneous gadgets. They can be used as a standalone offline device or in conjunction with a network server. In addition, they are provided as cloud services. HSMs are used by businesses to segregate cryptographic operations relevant to transactions, identities, and applications from routine operations and to manage access to those processes. For instance, a business may utilize an HSM to safeguard intellectual property or trade secrets by ensuring only authorized individuals can access the HSM to complete a cryptography key transfer.
The hardware secure module (HSM) adapters market is expected to grow significantly during the forecast period, owing to an increase in adoption of cloud-based services, rise in preference for digital payments., and surge in cyberattacks. Furthermore, a rise in the demand for hardware security modules as 5G becomes mainstream is expected to provide lucrative opportunities for market growth during the forecast period. On the contrary, vulnerability to security databreaches and need for regular upgrading and maintenance, are some of the market restraints for hardware secure module (HSM) adapters market.
The hardware secure module (HSM) adapters market is segmented on the basis of type, industry and region. On the basis of type, the market is divided into LAN based/Network attached, PCI based, USB based, and smart cards. On the basis of industry, the market is segregated into transportation, retail, aerospace and defense, BFSI, and others. Region-wise, the hardware secure module (HSM) adapters market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players that operate in the market include Atos SE, Hewlett Packard Enterprise Development LP, Infineon Technologies, International Business Machines Corporation, Microchip Technology, Securosys, Spyrus, Thales, Utimaco, and Yubico.
A physical object known as a hardware security module (HSM) adds additional security for sensitive data. For crucial operations like encryption, decryption, and authentication for the use of applications, identities, and databases, this kind of device is utilized to provision cryptographic keys. These gadgets may come in the form of plugin cards or may be built into other hardware, such as smart cards, home appliances, and other extraneous gadgets. They can be used as a standalone offline device or in conjunction with a network server. In addition, they are provided as cloud services. HSMs are used by businesses to segregate cryptographic operations relevant to transactions, identities, and applications from routine operations and to manage access to those processes. For instance, a business may utilize an HSM to safeguard intellectual property or trade secrets by ensuring only authorized individuals can access the HSM to complete a cryptography key transfer.
The hardware secure module (HSM) adapters market is expected to grow significantly during the forecast period, owing to an increase in adoption of cloud-based services, rise in preference for digital payments., and surge in cyberattacks. Furthermore, a rise in the demand for hardware security modules as 5G becomes mainstream is expected to provide lucrative opportunities for market growth during the forecast period. On the contrary, vulnerability to security databreaches and need for regular upgrading and maintenance, are some of the market restraints for hardware secure module (HSM) adapters market.
The hardware secure module (HSM) adapters market is segmented on the basis of type, industry and region. On the basis of type, the market is divided into LAN based/Network attached, PCI based, USB based, and smart cards. On the basis of industry, the market is segregated into transportation, retail, aerospace and defense, BFSI, and others. Region-wise, the hardware secure module (HSM) adapters market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players that operate in the market include Atos SE, Hewlett Packard Enterprise Development LP, Infineon Technologies, International Business Machines Corporation, Microchip Technology, Securosys, Spyrus, Thales, Utimaco, and Yubico.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hardware secure module (hsm) adapters market analysis from 2021 to 2031 to identify the prevailing hardware secure module (hsm) adapters market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hardware secure module (hsm) adapters market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hardware secure module (hsm) adapters market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By Type
- LAN Based/Network Attached
- PCI Based
- USB Based
- Smart Cards
By Industry
- Transportation
- Retail
- Aerospace and defense
- Banking Financial Services and Insurance
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Thales
- Microchip Technology Inc.
- Infineon Technologies
- Atos SE
- Yubico
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- spyrus
- Utimaco GmbH
- Securosys
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HARDWARE SECURE MODULE (HSM) ADAPTERS MARKET, BY TYPE
CHAPTER 5: HARDWARE SECURE MODULE (HSM) ADAPTERS MARKET, BY INDUSTRY
CHAPTER 6: HARDWARE SECURE MODULE (HSM) ADAPTERS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, 'Hardware Secure Module (HSM) Adapters Market,' the hardware secure module (hsm) adapters market was valued at $1.3 billion in 2021, and is estimated to reach $4.4 billion by 2031, growing at a CAGR of 13% from 2022 to 2031.HSMs can be used to protect a wide range of sensitive data and processes, including financial transactions, credit card processing, and the protection of cryptographic keys used in secure communications and access control systems. HSMs can provide a secure environment to perform sensitive operations such as key generation, key storage, encryption, and digital signature. By performing these operations inside the secure boundary of the HSM, it reduces the chance of exposing the key material to unauthorized parties. HSMs can provide additional layers of protection such as tamper detection, secure boot, and secure firmware update. HSM adapters are usually designed to support specific HSM models, and they provide an API that allows the host system to send commands to the HSM, and receive responses. Different HSM vendors can provide different APIs, that's why it's important to use an adapter that is compatible with the specific HSM being used. There are different types of HSM adapters, such as physical adapters that connect to the HSM via USB or PCI interface, or virtual adapters that are implemented as a software library. Virtual adapters are more flexible and can be used with cloud-based or virtualized systems, but may not be as secure as physical adapters. The use of HSMs and HSM adapters can help organizations comply with different regulations, standards, and certifications such as PCI DSS, HIPAA, FIPS, and others. By using HSMs and HSM adapters, organizations can demonstrate that they have implemented robust security controls to protect sensitive data and processes.
Key factors driving the growth of the Hardware secure module (HSM) adapters market include increasing concern for cybersecurity, growing adoption of cloud and mobile technologies, regulatory requirements and other factors are boosting the hardware secure module (HSM) adapters industry's overall growth. As cyber threats become more frequent and sophisticated, organizations are increasingly investing in security solutions such as HSMs and HSM adapters to protect their sensitive data and processes. In addition,as organizations move their operations to the cloud and adopt mobile technologies, the need for secure key management and encryption solutions becomes increasingly important, which is driving demand for HSMs and HSM adapters. Furthermore, compliance with various regulations and standards, such as PCI-DSS, HIPAA, and others, that require organizations to protect sensitive data and processes is driving organizations to adopt HSMs and HSM adapters. The growing adoption of edge computing where data is being processed at the source, often in remote locations which makes it more challenging to secure the data and this increasing the need of HSMs.
The market also offers growth opportunities to the key players in the market. There is a growing demand for security solutions in emerging markets such as Asia-Pacific and Latin America, which can provide opportunities for companies to expand their market presence in these regions. As technology evolves, there will be opportunities to develop new applications and use cases for HSMs and HSM adapters, such as securing the growing number of connected devices in the Internet of Things (IoT) space. Providing services such as installation, maintenance, and training can offer additional revenue streams for the companies. Advances in areas such as quantum computing and blockchain technology may open up new opportunities for the use of HSMs and HSM adapters. Companies can consider partnerships and collaborations with other firms to gain access to new markets, technologies, and customer bases, which could provide opportunities for growth. A growing number of organizations are now utilizing multiple cloud deployments, companies can consider offering HSM adapters that support multiple cloud platforms such as AWS, Azure and GCP. As edge computing and IoT devices are becoming more prevalent, software-based HSM adapters may become more popular as they can be easily integrated into various devices.
The hardware secure module (HSM) adapters market is segmented on the basis of type, industry and region. On the basis of type, the market is divided into LAN based/Network attached, PCI based, USB based, and smart cards. Based on industry, the market is segregated into transportation, retail, aerospace and defense, BFSI, and others.
Region-wise, the hardware secure module (HSM) adapters market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). xx remains a significant participant in the hardware secure module (HSM) adapters market.
Competitive analysis and profiles of the major global Hardware secure module (HSM) adapters market players that have been provided in the report include Atos SE, Hewlett Packard Enterprise Development LP, Infineon Technologies, International Business Machines Corporation, Microchip Technology, Securosys, Spyrus, Thales, Utimaco, and Yubico. For instance, in November 2022, Hewlett Packard Enterprise launched a next-generation computer portfolio that delivers a cloud operating experience using HSM adapters which are designed to power hybrid environments and digital transformation. The new HPE ProLiant Gen11 servers provide organizations with intuitive, trusted, and optimized compute resources, ideally suited for a range of modern workloads, including AI, analytics, cloud-native applications, graphic-intensive applications, machine learning, Virtual Desktop Infrastructure (VDI), and virtualization.
Key Market Insights
By type, the LAN based/network attached segment was the highest revenue contributor to the market, with $408.43 million in 2021, and is estimated to reach $1,445.53 million by 2031, with a CAGR of 13.74%.By industry, the banking financial services and insurance segment was the highest revenue contributor to the market, with $399.32 million in 2021, and is estimated to reach $1,549.65 million by 2031, with a CAGR of 14.78%.
By industry, the retail segment is estimated to reach $1,005.04 million by 2031, at a significant CAGR of 13.02% during the forecast period.
Based on region, Asia-Pacific and Europe collectively accounted for around 63.89% share in 2021.
Companies Mentioned
- Thales
- Microchip Technology Inc.
- Infineon Technologies
- Atos SE
- Yubico
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- spyrus
- Utimaco GmbH
- Securosys
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 335 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1319.27 million |
| Forecasted Market Value ( USD | $ 4372.64 million |
| Compound Annual Growth Rate | 12.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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