Maratha Headlines

Hardware Security Modules Market by Type LAN Based, PCIE Based & USB Based

 Breaking News
  • No posts were found

Hardware Security Modules Market by Type LAN Based, PCIE Based & USB Based

May 06
13:58 2020

Hardware Security Modules Market is expected to witness high growth during the forecast period.The hardware security modules market was valued at USD 520.3 Million in 2016 and is expected to reach USD 1,101.2 Million by 2022, at a CAGR of 12.87% during the forecast period. The base year considered for the study is 2016, and the forecast for the market size is provided for the period between 2017 and 2022.

Factors such as the increase in data breaches and cyberattacks, mandates for HSM manufacturers to comply with the internal and external privacy and data security regulations, and effective management of cryptographic keys are driving the growth of the hardware security modules market.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162277475

The USB-based/portable HSM type is expected to witness a high growth rate during the forecast period

The market for USB-based/portable HSM is expected to grow at the highest CAGR between 2017 and 2022. As USB-based HSMs are portable and easy to deploy without the need for any external hardware or tool, these are expected to be widely adopted in the near future. The features such as built-in PKI, key backup, and open-source middleware tools are expected to increase the demand for USB-based HSMs during the forecast period.

The market for the authentication application is expected to grow at the highest rate during the forecast period

The use of HSMs for the authentication application can reduce fraud and protect users from internet attacks while shopping online or accessing confidential or private information through a web portal or application. It also provides organizations the ability to enforce different levels of authentication, depending on the user activity and transaction value, resulting in the high growth rate of the authentication application during the forecast period.

The market in Latin America is expected to grow at the highest rate during the forecast period

Latin America is expected to be the fastest-growing market for hardware security modules, followed by APAC during the forecast period. The market in Latin America is expected to grow at the highest rate during the forecast period owing to the formulation of new regulatory compliances and the adoption of modern technologies such as cloud and IoT, creating a huge opportunity for data and information security.

The major players operating in the hardware security modules market 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.), and Yubico (U.S.).

 

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Ashish Mehra
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/hardware-security-modules-market-162277475.html


Warning: count(): Parameter must be an array or an object that implements Countable in /home/mizorammail/marathaheadlines.in/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share