하드웨어 보안 모듈 (Hardware Security Modules) 시장조사 보고서

Report Overview

The hardware security modules market is projected to grow from USD 1.2 billion in 2023 and is projected to reach USD 2.3 billion by 2028; it is expected to grow at a CAGR of 13.5% from 2023 to 2028.

The growth of the hardware security modules market is driven by increasing data breaches and cyberattacks, need to follow stringent data security compliances, and emergence of digital transactions, electronic payments leading to rise in the need for protecting sensitive financial data. However, high ownership costs associated with hardware security modules is limiting the growth of the hardware security modules market.

“USB-based/portable HSMs to witness highest growth during the forecast period.”
The USB-based/portable hardware security modules segment is expected to witness the highest growth in the hardware security modules during the forecast period. This can be attributed to the rising demand for USB based HSMs among users due to its lower cost, compact size and portability features. The USB based modules are small and portable, therefore can be deployed for various functions including coding and signing, digital signatures, and secure key storage. It is capable of encryption and key protection and is ideally suited for off-line key generation for certificate authorities as well as development and Bring Your Own Device (BYOD) environments. These modules are preferred by all the industries as they offer superior security, cost-efficiency, and ease of deployment. Hence, HSMs with USBs are widely used by governments and financial institutions to secure data, applications, and identities to reduce the chances of risk, and ensure regulatory compliance. Furthermore, USB connectivity makes such modules suitable for use with laptops, desktops and workstations. With the use of an integrated reader, these modules become ideal for situations with limited space or where they must be frequently used.

“Cloud deployment expected to exhibit higher growth compared to the on-premise segment during the forecast period.”
The cloud deployment segment is expected to exhibit higher growth compared to the on-premise segment during the forecast period. This mode has the ability to perform cryptographic operations and render absolute control over keys to customers through separation of duties. Moreover, the cloud-based HSMs allow users quick scalability by adding and removing hardware security module capacity on-demand, with no up-front costs. These HSMs are capable of generating their own encryption keys on the cloud. Cloud HSMs also provide flexibility to integrate with applications such as APIs, Java Cryptographic Extension and so on.

“Secure Sockets Layer (SSL) and Transport Layer Security (TLS) application segment to exhibit highest growth for the hardware security modules market during forecast period”
The Secure Sockets Layer (SSL) and Transport Layer Security (TLS) application segment is projected to grow at the highest CAGR of (15.7%) during the forecast period. HSMs are designed to create a secure boundary for cryptographic operations and communications. So, this feature is very useful in Secure On-board communication where communication between different components within an embedded system takes place (e.g., communication between sensors/actuators and Microprocessor). Majorly used Secure Communication Protocols: Secure Sockets Layer/Transport Layer Security (SSL/TLS), Internet Protocol Security (IPsec), Secure Shell (SSH), Secure/Multipurpose Internet Mail Extensions (S/MIME), Wi-Fi Protected Access 3 (WAP3). HSMs store and manage cryptographic keys used in SSL/TLS protocols. This includes private keys used for server authentication and digital signatures. The keys never leave the HSM, ensuring they are protected from unauthorized access. HSMs are designed to accelerate cryptographic operations, including the SSL/TLS handshake process. This can improve the overall performance of SSL/TLS connections.

“Asia Pacific to witness significant growth for the hardware security modules market during the forecast period” Asia Pacific is expected to exhibit significant growth for the hardware security modules market during the forecast period. The presence of three of the top 10 largest economies in the world—China, India, and Japan, offers a high potential for market growth. There is an increasing demand for hardware security modules on account of rise in the number of manufacturers that have diversified business units. The countries in this region are notably contributing toward the growth of the market, as there is rapid adoption of hardware security modules by enterprises in the region. Thus, technology vendors across the region are coming up with HSM solutions for stopping card skimming and stealing identity activities. The continuously growing customer base of organizations in the region is fueling the growth of the Asia Pacific hardware security modules market.
 Countries in Asia Pacific are considerably contributing toward the growth of the market, owing to the rapid adoption of hardware security modules by enterprises in the region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the hardware security modules space. The break-up of primary participants for the report has been shown below:
By Company Type: Tier 1 – 40%, Tier 2 – 40%, and Tier 3 – 20% By Designation: C-level Executives – 40%, Directors –40%, and Others – 20% By Region: North America –30%, Europe – 20%, Asia Pacific– 40%,  and RoW – 10% 

The report profiles key players in hardware security modules market with their respective market ranking analysis. Prominent players profiled in this report include Thales (France), Utimaco (Germany), International Business Machines Corporation (IBM) (US), STMicroelectronics (Switzerland), Microchip Technology (US), Infineon Technologies (Germany), Swift (US), Futurex (US), Atos SE (France), and Yubico (US), Securosys (Switzerland), SPYRUS (US), Ledger (France), Ultra Electronics (UK), AdwebTech (India), Efficient India (India), Lattice Semiconductor (US), Ellipticsecure (UK), Amazon Inc. (US), Entrust Security (US), ESCRYPT (Germany), Beijing Sansec Technology Development Co., Ltd (SANSEC) (China), Fortanix (US), JISA Softech (India), Microsoft (US), Nitrokey (Germany), Kryptoagile (India), and Kryptus (Brazil).

Research Coverage: This research report categorizes the hardware security modules market on the basis of deployment type, type, application, vertical and region.  The report describes the major drivers, restraints, challenges, and opportunities pertaining to the hardware security modules market and forecasts the same till 2028. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the hardware security modules market ecosystem.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hardware security modules market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.  The report provides insights on the following pointers:
• Analysis of key drivers (Increasing data breaches and cyberattacks, Need to follow stringent data security compliances, Need to effectively manage cryptographic keys, Emergence of digital transactions, electronic payments leading to rise in the need for protecting sensitive financial data), restraints (High ownership costs associated with hardware security modules, Susceptibility to cyberattacks and security breaches), opportunities (Augmented demand for data security in cloud environments, Increased adoption of connected devices and Internet of Things (IoT) technologies in smart cities, Proliferation of 5G networks worldwide, Rising adoption in the healthcare industry, Adoption of blockchain and cryptocurrencies) influencing the growth of the hardware security modules market. 
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the hardware security modules market. Market Development: Comprehensive information about lucrative markets – the report analyses the hardware security modules market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the hardware security modules market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Thales (France Utimaco (Germany), International Business Machines Corporation (IBM) (US), Futurex (US), Infineon Technologies (Germany), among others in the hardware security modules

Table of Contents

1            INTRODUCTION            32

1.1         STUDY OBJECTIVES      32

1.2         MARKET DEFINITION   32

1.3         INCLUSIONS AND EXCLUSIONS 33

1.3.1      HARDWARE SECURITY MODULES MARKET, BY COMPANY         33

1.3.2      HARDWARE SECURITY MODULES MARKET, BY TYPE     33

1.3.3      HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE              34

1.3.4      HARDWARE SECURITY MODULES MARKET, BY APPLICATION   34

1.3.5      HARDWARE SECURITY MODULES MARKET, BY VERTICAL          34

1.3.6      HARDWARE SECURITY MODULES MARKET, BY REGION              35

1.4         STUDY SCOPE  35

1.4.1      MARKETS COVERED     35

FIGURE 1           HARDWARE SECURITY MODULES MARKET SEGMENTATION              35

1.4.2      REGIONAL SCOPE         36

1.4.3      YEARS CONSIDERED     36

1.5         CURRENCY CONSIDERED          37

1.6         UNITS CONSIDERED     37

1.7         LIMITATIONS   37

1.8         STAKEHOLDERS            37

1.9         SUMMARY OF CHANGES            38

1.10       RECESSION IMPACT      38

FIGURE 2           GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES     39

2            RESEARCH METHODOLOGY     40

2.1         RESEARCH DATA           40

FIGURE 3           HARDWARE SECURITY MODULES MARKET: RESEARCH DESIGN              40

2.1.1      SECONDARY DATA       41

2.1.1.1   Major secondary sources    41

2.1.1.2   Key data from secondary sources     41

2.1.2      PRIMARY DATA 42

2.1.2.1   Primary data sources          42

2.1.2.2   Breakdown of primaries     42

2.1.2.3   Key industry insights          43

2.2         MARKET SIZE ESTIMATION       43

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS         44

2.2.1      BOTTOM-UP APPROACH           44

2.2.1.1   Capturing market size using bottom-up approach (demand side)             45

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       45

 

2.2.2      TOP-DOWN APPROACH             45

2.2.2.1   Capturing market size using top-down approach (supply side)   46

FIGURE 6           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       46

2.3         MARKET BREAKDOWN AND DATA TRIANGULATION    47

FIGURE 7           DATA TRIANGULATION             47

2.4         GROWTH RATE ASSUMPTIONS/FORECAST        48

2.5         RESEARCH ASSUMPTIONS         49

2.6         RISK ASSESSMENT         49

2.7         RECESSION IMPACT ANALYSIS 50

TABLE 1             ASSUMPTIONS: RECESSION IMPACT     50

2.8         RESEARCH LIMITATIONS           51

3            EXECUTIVE SUMMARY 52

FIGURE 8           LAN-BASED/NETWORK-ATTACHED SEGMENT TO LEAD MARKET  FROM 2023 TO 2028  53

FIGURE 9           CLOUD SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD       53

FIGURE 10         PAYMENT PROCESSING SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028          54

FIGURE 11         BFSI SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD              55

FIGURE 12         EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2022              56

4            PREMIUM INSIGHTS      57

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HARDWARE SECURITY MODULES MARKET  57

FIGURE 13         RISING DEMAND FOR CLOUD-BASED HARDWARE SECURITY MODULES DUE TO DIGITIZATION OF BANKING PROCESSES     57

4.2         HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE              58

FIGURE 14         CLOUD SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028  58

4.3         HARDWARE SECURITY MODULES MARKET, BY APPLICATION   58

FIGURE 15         PAYMENT PROCESSING APPLICATION TO LEAD MARKET DURING  FORECAST PERIOD   58

4.4         HARDWARE SECURITY MODULES MARKET, BY VERTICAL          59

FIGURE 16         MEDICAL & LIFE SCIENCES VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD        59

4.5         HARDWARE SECURITY MODULES MARKET, BY TYPE     59

FIGURE 17         USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 59

4.6         HARDWARE SECURITY MODULES MARKET, BY VERTICAL  AND REGION             60

FIGURE 18         BFSI SEGMENT AND EUROPE ACCOUNTED FOR LARGEST MARKET  SHARES IN 2022         60

4.7         HARDWARE SECURITY MODULES MARKET, BY REGION              60

FIGURE 19         NORTH AMERICA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       60

4.8         HARDWARE SECURITY MODULES MARKET, BY KEY COUNTRY  61

FIGURE 20         ITALY TO DOMINATE MARKET DURING FORECAST PERIOD              61

5            MARKET OVERVIEW     62

5.1         INTRODUCTION            62

5.2         MARKET DYNAMICS     62

FIGURE 21         HARDWARE SECURITY MODULES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       62

5.2.1      DRIVERS            63

FIGURE 22         HARDWARE SECURITY MODULES MARKET: DRIVERS AND THEIR IMPACT 63

5.2.1.1   Increased frequency of data breaches and cyberattacks 63

FIGURE 23         NUMBER OF CYBERATTACKS IN US, 2015–2022  64

5.2.1.2   Stringent data security compliances 64

5.2.1.3   Adoption of holistic approach for effective management of cryptographic keys              64

5.2.1.4   Widespread adoption of digital payment methods        65

5.2.2      RESTRAINTS     66

FIGURE 24         HARDWARE SECURITY MODULES MARKET: RESTRAINTS AND THEIR IMPACT 66

5.2.2.1   High ownership costs associated with hardware security modules             66

5.2.3      OPPORTUNITIES           67

FIGURE 25         HARDWARE SECURITY MODULES MARKET: OPPORTUNITIES AND THEIR IMPACT      67

5.2.3.1   Surging demand for cloud data security          68

5.2.3.2   Increasing deployment of connected devices and Internet of Things (IoT) technology in smart cities   69

5.2.3.3   Proliferation of 5G networks worldwide         69

5.2.3.4   Rising implementation of security modules in healthcare industry            70

5.2.3.5   Growing adoption of blockchain and cryptocurrencies 70

5.2.4      CHALLENGES   71

FIGURE 26         HARDWARE SECURITY MODULES MARKET: CHALLENGES AND THEIR IMPACT 71

5.2.4.1   Identification and protection of sensitive data 71

5.2.4.2   Complexities associated with HSM integration process 72

5.2.4.3   Need to incorporate advanced technologies to mitigate cyber threats and protect sensitive data       72

5.3         VALUE CHAIN ANALYSIS            73

FIGURE 27         HARDWARE SECURITY MODULES MARKET: VALUE CHAIN ANALYSIS          73

5.3.1      R&D ENGINEERS AND PROTYPE DESIGNERS     73

5.3.2      RAW MATERIAL SUPPLIERS       73

5.3.3      ORIGINAL EQUIPMENT MANUFACTURERS        73

5.3.4      SYSTEM INTEGRATORS 74

5.3.5      SUPPLIERS AND DISTRIBUTORS             74

5.3.6      VERTICALS       74

5.4         ECOSYSTEM ANALYSIS 74

TABLE 2             KEY PARTICIPANTS AND THEIR ROLE IN ECOSYSTEM  74

FIGURE 28         KEY PLAYERS IN HARDWARE SECURITY MODULES ECOSYSTEM     75

 

5.5         TECHNOLOGY ANALYSIS           76

5.5.1      KEY TECHNOLOGY TRENDS     76

5.5.1.1   Virtualization of HSMs      76

5.5.1.2   Incorporation of AI and ML technologies into HSMs   76

5.5.1.3   Integration of hardware security modules into contactless smart cards     76

5.5.2      ADJACENT TECHNOLOGY TRENDS       76

5.5.2.1   Commercialization of Internet of Things (IoT)            76

5.5.2.2   Utilization of blockchain and distributed ledger technologies     77

5.5.2.3   Trend of digital signature   77

5.6         AVERAGE SELLING PRICE ANALYSIS      78

TABLE 3             PRICING ANALYSIS OF HARDWARE SECURITY MODULES, 2022              78

5.6.1      AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED BY KEY PLAYERS, BY TYPE     79

FIGURE 29         AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED  BY KEY PLAYERS, BY TYPE   79

TABLE 4             AVERAGE SELLING PRICE OF HARDWARE SECURITY MODULES OFFERED  BY KEY PLAYERS, BY TYPE   80

FIGURE 30         AVERAGE SELLING PRICE (USD) OF HARDWARE SECURITY MODULES         80

5.7         PATENT ANALYSIS        80

TABLE 5             PATENTS RELATED TO HARDWARE SECURITY MODULES MARKET            80

TABLE 6             TOP 20 PATENT OWNERS IN HARDWARE SECURITY MODULES MARKET, 2013–2023       83

FIGURE 31         TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS  IN LAST 10 YEARS        84

FIGURE 32         NUMBER OF PATENTS GRANTED PER YEAR, 2013–2023 84

5.8         IMPORT/EXPORT SCENARIOS, BY HS CODE       84

TABLE 7             IMPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY,  2018–2022 (USD MILLION) 85

TABLE 8             EXPORT DATA FOR PRODUCTS UNDER HS CODE 8471, BY COUNTRY,  2018–2022 (USD MILLION) 85

5.9         TARIFFS             86

TABLE 9             MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY US           86

TABLE 10           MFN TARIFFS FOR HARDWARE SECURITY MODULES EXPORTED BY CHINA   86

5.10       REGULATORY LANDSCAPE AND STANDARDS   86

5.10.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          87

TABLE 11           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS      87

TABLE 12           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87

TABLE 13           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         87

TABLE 14           ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          88

 

5.10.2    GLOBAL REGULATIONS: FRAUD PREVENTION AND STANDARDIZATION     88

5.10.3    NORTH AMERICA: CONSUMER PROTECTION    89

5.10.4    EUROPE: STANDARDIZATION OF PAYMENTS   90

5.10.5    ASIA PACIFIC: DOMESTIC PAYMENT NETWORKS           91

5.11       PORTER’S FIVE FORCES ANALYSIS         91

FIGURE 33         HARDWARE SECURITY MODULES MARKET: PORTER’S FIVE FORCES ANALYSIS         92

TABLE 15           IMPACT OF PORTER’S FIVE FORCES ON MARKET           92

5.11.1    THREAT OF NEW ENTRANTS    93

5.11.2    THREAT OF SUBSTITUTES         93

5.11.3    BARGAINING POWER OF SUPPLIERS     93

5.11.4    BARGAINING POWER OF BUYERS           93

5.11.5    INTENSITY OF COMPETITIVE RIVALRY 93

5.12       CASE STUDY ANALYSIS 94

5.12.1    POMELO ACQUIRED HSM SOLUTIONS FROM FUTUREX TO DEPLOY IN CLOUD 94

5.12.2    MAJOR ISRAELI BANK APPROACHED STANCHION AND FUTUREX FOR SECURE PAYMENT ENVIRONMENTS     94

5.12.3    NCC BANK OF BANGLADESH ENSURED REAL-TIME BINIMOY TRANSACTIONS WITH THALES LUNA HSMS      95

5.12.4    TREEZOR DEPLOYED CLOUD HSM FROM THALES TO SECURE PAYMENT CHAIN           95

5.13       KEY CONFERENCES AND EVENTS, 2023–2024     96

TABLE 16           HARDWARE SECURITY MODULES MARKET: KEY CONFERENCES AND EVENTS    96

5.14       KEY STAKEHOLDERS AND BUYING PROCESS    97

5.14.1    KEY STAKEHOLDERS IN BUYING PROCESS         97

FIGURE 34         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS             97

TABLE 17           IMPACT OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%) 97

5.14.2    BUYING CRITERIA         98

FIGURE 35         KEY BUYING CRITERIA FOR TOP THREE VERTICALS     98

TABLE 18           KEY BUYING CRITERIA FOR TOP THREE VERTICALS     98

5.15       TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       99

FIGURE 36         REVENUE SHIFT AND NEW REVENUE POCKETS IN HARDWARE SECURITY MODULES MARKET  99

6            HARDWARE SECURITY MODULES MARKET, BY TYPE     100

6.1         INTRODUCTION            101

FIGURE 37         USB-BASED/PORTABLE SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD        101

TABLE 19           HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION) 101

TABLE 20           HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION) 102

TABLE 21           HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (THOUSAND UNITS)     102

TABLE 22           HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (THOUSAND UNITS)     103

6.2         LAN-BASED/NETWORK-ATTACHED      103

6.2.1      EFFICIENCY AND RESILIENCE OF HARDWARE SECURITY MODULES TO DRIVE MARKET 103

TABLE 23           LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET,  BY REGION, 2019–2022 (USD MILLION)    104

TABLE 24           LAN-BASED/NETWORK-ATTACHED: HARDWARE SECURITY MODULES MARKET BY REGION, 2023–2028 (USD MILLION)        104

6.3         PCI-BASED/EMBEDDED PLUGIN            104

6.3.1      ENHANCED FOCUS ON SYSTEM SECURITY AND SOFTWARE CONTROL TO FUEL DEMAND        104

TABLE 25           PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET,  BY REGION, 2019–2022 (USD MILLION)    105

TABLE 26           PCI-BASED/EMBEDDED PLUGIN: HARDWARE SECURITY MODULES MARKET,  BY REGION, 2023–2028 (USD MILLION)    105

6.4         USB-BASED/PORTABLE 105

6.4.1      GROWING IMPLEMENTATION OF PORTABLE HSMS IN LOW-VOLUME TRANSACTION ENVIRONMENTS TO DRIVE MARKET     105

TABLE 27           USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)            106

TABLE 28           USB-BASED/PORTABLE: HARDWARE SECURITY MODULES MARKET,  BY REGION, 2023–2028 (USD MILLION)          106

6.5         SMART CARDS  107

6.5.1      INDISPENSABLE NEED TO MITIGATE CYBER RISKS TO FUEL SEGMENTAL GROWTH 107

TABLE 29           SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION,  2019–2022 (USD MILLION)     107

TABLE 30           SMART CARDS: HARDWARE SECURITY MODULES MARKET, BY REGION,  2023–2028 (USD MILLION)     108

7            HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE              109

7.1         INTRODUCTION            110

FIGURE 38         CLOUD SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD       110

TABLE 31           HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE,  2019–2022 (USD MILLION)          110

TABLE 32           HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE,  2023–2028 (USD MILLION)          110

7.2         ON-PREMISES   111

7.2.1      PREFERENCE FOR COMPLETE CONTROL OF DATA AND INFRASTRUCTURE MANAGEMENT TO FOSTER SEGMENTAL GROWTH 111

TABLE 33           ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2019–2022 (USD MILLION) 112

TABLE 34           ON-PREMISES: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2023–2028 (USD MILLION) 113

 

7.3         CLOUD 113

7.3.1      COST-EFFECTIVENESS OF CLOUD-BASED HARDWARE SECURITY MODULES TO BOOST DEMAND             113

TABLE 35           CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2019–2022 (USD MILLION) 114

TABLE 36           CLOUD: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2023–2028 (USD MILLION) 115

8            HARDWARE SECURITY MODULES MARKET, BY VERTICAL          116

8.1         INTRODUCTION            117

FIGURE 39         BFSI VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD       117

TABLE 37           HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2019–2022 (USD MILLION)          117

TABLE 38           HARDWARE SECURITY MODULES MARKET, BY VERTICAL, 2023–2028 (USD MILLION)          118

8.2         BANKING, FINANCIAL SERVICES, AND INSURANCE        118

8.2.1      PRESSING NEED TO MITIGATE RISK OF ONLINE FINANCIAL FRAUDS TO BOOST DEMAND     118

TABLE 39           BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)          119

TABLE 40           BFSI: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)          120

TABLE 41           BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE,  2019–2022 (USD MILLION)           120

TABLE 42           BFSI: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE,  2023–2028 (USD MILLION)           120

8.3         IT & TELECOMMUNICATIONS  120

8.3.1      SIGNIFICANT FOCUS ON 5G INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET 120

TABLE 43           IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)       122

TABLE 44           IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)       122

TABLE 45           IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)              122

TABLE 46           IT & TELECOMMUNICATIONS: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)              122

8.4         PUBLIC SECTOR/GOVERNMENT            123

8.4.1      RISING NEED FOR PROLONGED DATA PROTECTION TO DRIVE MARKET            123

TABLE 47           PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)       124

TABLE 48           PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)       124

TABLE 49           PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET,  BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)              124

TABLE 50           PUBLIC SECTOR/GOVERNMENT: HARDWARE SECURITY MODULES MARKET,  BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)              125

8.5         INDUSTRIAL MANUFACTURING             125

8.5.1      ADOPTION OF HARDWARE SECURITY MODULES FOR DATA EXCHANGE TO DRIVE MARKET 125

TABLE 51           INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)       126

TABLE 52           INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)       126

TABLE 53           INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET,  BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)              126

TABLE 54           INDUSTRIAL MANUFACTURING: HARDWARE SECURITY MODULES MARKET,  BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)              126

8.6         ENERGY & POWER         127

8.6.1      INTEGRATION OF HARDWARE SECURITY MODULES INTO CRITICAL INFRASTRUCTURES TO ENHANCE SECURITY PROTOCOLS        127

TABLE 55           ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION,  2019–2022 (USD MILLION)             128

TABLE 56           ENERGY & POWER: HARDWARE SECURITY MODULES MARKET, BY REGION,  2023–2028 (USD MILLION)             128

TABLE 57           ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)        128

TABLE 58           ENERGY & POWER: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)        129

8.7         CONSUMER GOODS & RETAIL  129

8.7.1      NEED FOR SECURING PROPRIETARY INFORMATION TO DRIVE MARKET            129

TABLE 59           CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)       130

TABLE 60           CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)       130

TABLE 61           CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION) 131

TABLE 62           CONSUMER GOODS & RETAIL: HARDWARE SECURITY MODULE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 131

8.8         MEDICAL & LIFE SCIENCES        131

8.8.1      INCREASING NEED FOR SECURITY AGAINST CYBER THREATS TO DRIVE MARKET 131

TABLE 63           MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)            133

TABLE 64           MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)            133

TABLE 65           MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)     133

TABLE 66           MEDICAL & LIFE SCIENCES: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)     133

8.9         AEROSPACE & DEFENSE             134

8.9.1      INCREASING USE OF HARDWARE SECURITY MODULES TO SAFEGUARD CRITICAL DATA    134

TABLE 67           AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION,  2019–2022 (USD MILLION)          134

TABLE 68           AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY REGION,  2023–2028 (USD MILLION)          135

TABLE 69           AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)     135

TABLE 70           AEROSPACE & DEFENSE: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)     135

8.10       TRANSPORTATION       135

8.10.1    TECHNOLOGICAL ADVANCEMENTS IN CONNECTED CARS TO DRIVE MARKET            135

TABLE 71           TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION,  2019–2022 (USD MILLION)          137

TABLE 72           TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY REGION,  2023–2028 (USD MILLION)          137

TABLE 73           TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2019–2022 (USD MILLION)     137

TABLE 74           TRANSPORTATION: HARDWARE SECURITY MODULES MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION)     138

9            HARDWARE SECURITY MODULES MARKET, BY APPLICATION   139

9.1         INTRODUCTION            140

FIGURE 40         SSL AND TLS SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD       140

TABLE 75           HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)          140

TABLE 76           HARDWARE SECURITY MODULES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)          141

9.2         PAYMENT PROCESSING             142

9.2.1      HIGH DEMAND FOR SECURE PAYMENT PROCESSING METHODS TO DRIVE MARKET 142

TABLE 77           PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION,  2019–2022 (USD MILLION)          143

TABLE 78           PAYMENT PROCESSING: HARDWARE SECURITY MODULES MARKET, BY REGION,  2023–2028 (USD MILLION)          143

9.3         CODE AND DOCUMENT SIGNING          143

9.3.1      URGENT NEED FOR TAMPER-RESISTANT HARDWARE-BASED SOLUTIONS TO PROPEL MARKET          143

TABLE 79           CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)       144

TABLE 80           CODE AND DOCUMENT SIGNING: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)       144

9.4         SECURITY SOCKETS LAYER AND TRANSPORT SECURITY LAYER              145

9.4.1      INCREASED DEMAND FOR SSL AND TSL IN IT & TELECOMMUNICATIONS VERTICAL TO DRIVE MARKET            145

TABLE 81           SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION,  2019–2022 (USD MILLION)     145

TABLE 82           SSL AND TLS: HARDWARE SECURITY MODULES MARKET, BY REGION,  2023–2028 (USD MILLION)     145

 

9.5         AUTHENTICATION       146

9.5.1      GROWING NEED FOR HARDWARE SECURITY MODULES  IN AUTHENTICATION APPLICATIONS TO FUEL MARKET  146

TABLE 83           AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION,  2019–2022 (USD MILLION)          146

TABLE 84           AUTHENTICATION: HARDWARE SECURITY MODULES MARKET, BY REGION,  2023–2028 (USD MILLION)          147

9.6         DATABASE ENCRYPTION           147

9.6.1      PRESSING NEED FOR PROTECTING DATABASES FROM UNAUTHORIZED ACCESS TO FUEL DEMAND FOR ENCRYPTION             147

TABLE 85           DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION,  2019–2022 (USD MILLION)          148

TABLE 86           DATABASE ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION,  2023–2028 (USD MILLION)          148

9.7         PUBLIC KEY INFRASTRUCTURE AND CREDENTIAL MANAGEMENT              148

9.7.1      INCREASING DEMAND FOR SECURITY MODULES IN CREDENTIAL MANAGEMENT TO ENABLE SAFE DATA TRANSMIT       148

TABLE 87           PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET,  BY REGION, 2019–2022 (USD MILLION)    149

TABLE 88           PKI AND CREDENTIAL MANAGEMENT: HARDWARE SECURITY MODULES MARKET,  BY REGION, 2023–2028 (USD MILLION)    149

9.8         APPLICATION-LEVEL ENCRYPTION      150

9.8.1      ENHANCED EFFICIENCY AND ACCURACY OF APPLICATION-LEVEL ENCRYPTION TO DRIVE MARKET          150

TABLE 89           APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)       150

TABLE 90           APPLICATION-LEVEL ENCRYPTION: HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)       150

10          HARDWARE SECURITY MODULES MARKET, BY REGION              151

10.1       INTRODUCTION            152

FIGURE 41         HARDWARE SECURITY MODULES MARKET, BY REGION              152

FIGURE 42         EUROPE TO LEAD MARKET DURING FORECAST PERIOD              152

TABLE 91           HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)     152

TABLE 92           HARDWARE SECURITY MODULES MARKET, BY REGION, 2023–2028 (USD MILLION)     153

10.2       NORTH AMERICA          153

10.2.1    NORTH AMERICA: RECESSION IMPACT 154

FIGURE 43         NORTH AMERICA: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET      155

TABLE 93           NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY,  2019–2022 (USD MILLION)         155

TABLE 94           NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY,  2023–2028 (USD MILLION)         156

TABLE 95           NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2019–2022 (USD MILLION)          156

TABLE 96           NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2023–2028 (USD MILLION)          156

TABLE 97           NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE,  2019–2022 (USD MILLION)    157

TABLE 98           NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY TYPE,  2023–2028 (USD MILLION)    157

TABLE 99           NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION,  2019–2022 (USD MILLION)   157

TABLE 100         NORTH AMERICA: HARDWARE SECURITY MODULES MARKET, BY APPLICATION,  2023–2028 (USD MILLION)   158

10.2.2    US         158

10.2.2.1 Wide adoption of communication devices to fuel demand          158

10.2.3    CANADA            159

10.2.3.1 Rising number of cyberattacks to fuel demand for security modules         159

10.2.4    MEXICO             160

10.2.4.1 Urgent demand for improved network security in automobile manufacturing plants to drive market        160

10.3       EUROPE             160

10.3.1    EUROPE: RECESSION IMPACT   161

FIGURE 44         EUROPE: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET            162

TABLE 101         EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY,  2019–2022 (USD MILLION) 163

TABLE 102         EUROPE: HARDWARE SECURITY MODULES MARKET, BY COUNTRY,  2023–2028 (USD MILLION) 163

TABLE 103         EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2019–2022 (USD MILLION) 164

TABLE 104         EUROPE: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2023–2028 (USD MILLION) 164

TABLE 105         EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)          164

TABLE 106         EUROPE: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)          165

TABLE 107         EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION,  2019–2022 (USD MILLION)        165

TABLE 108         EUROPE: HARDWARE SECURITY MODULES MARKET, BY APPLICATION,  2023–2028 (USD MILLION)        165

10.3.2    GERMANY         166

10.3.2.1 High deployment of hardware security modules in automotive industry to drive market   166

10.3.3    UK         166

10.3.3.1 Increasing use of advanced interconnected technologies to drive market  166

10.3.4    FRANCE             167

10.3.4.1 Wide use of HSMs in aerospace & defense sector to drive market             167

10.3.5    ITALY   167

10.3.5.1 Pressing need for security measures to fuel market      167

 

10.3.6    NETHERLANDS 168

10.3.6.1 Innovation in digital technologies to propel market      168

10.3.7    RUSSIA 168

10.3.7.1 Rapid establishment of manufacturing units to drive market      168

10.3.8    REST OF EUROPE           169

10.4       ASIA PACIFIC    169

10.4.1    ASIA PACIFIC: RECESSION IMPACT        170

FIGURE 45         ASIA PACIFIC: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET            171

TABLE 109         ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY,  2019–2022 (USD MILLION) 171

TABLE 110         ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY COUNTRY,  2023–2028 (USD MILLION) 172

TABLE 111         ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2019–2022 (USD MILLION) 172

TABLE 112         ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY VERTICAL,  2023–2028 (USD MILLION) 173

TABLE 113         ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE,  2019–2022 (USD MILLION)          173

TABLE 114         ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY TYPE,  2023–2028 (USD MILLION)          173

TABLE 115         ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION,  2019–2022 (USD MILLION)        174

TABLE 116         ASIA PACIFIC: HARDWARE SECURITY MODULES MARKET, BY APPLICATION,  2023–2028 (USD MILLION)        174

10.4.2    CHINA  174

10.4.2.1 Growing security concerns to drive demand for digital solutions 174

10.4.3    JAPAN  175

10.4.3.1 Established automobile sector to drive market              175

10.4.4    INDIA   176

10.4.4.1 Rising initiative for foreign direct investments to boost market  176

10.4.5    SOUTH KOREA 176

10.4.5.1 Growing need for enhanced security measures to drive market  176

10.4.6    AUSTRALIA       177

10.4.6.1 High demand for mobile security solutions to drive market        177

10.4.7    REST OF ASIA PACIFIC  177

10.5       ROW     178

10.5.1    ROW: RECESSION IMPACT         178

FIGURE 46         ROW: SNAPSHOT OF HARDWARE SECURITY MODULES MARKET            179

TABLE 117         ROW: HARDWARE SECURITY MODULES MARKET, BY REGION, 2019–2022 (USD MILLION)          179

TABLE 118         ROW: HARDWARE SECURITY MODULES MARKET, BY COUNTRY,  2023–2028 (USD MILLION) 180

TABLE 119         MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY,  2019–2022 (USD MILLION)      180

TABLE 120         MIDDLE EAST & AFRICA: HARDWARE SECURITY MODULES MARKET, BY COUNTRY,  2023–2028 (USD MILLION)      180

TABLE 121         ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2019–2022 (USD MILLION)          181

TABLE 122         ROW: HARDWARE SECURITY MODULE MARKET, BY VERTICAL, 2023–2028 (USD MILLION)          181

TABLE 123         ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2019–2022 (USD MILLION)          181

TABLE 124         ROW: HARDWARE SECURITY MODULES MARKET, BY TYPE, 2023–2028 (USD MILLION)          182

TABLE 125         ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION,  2019–2022 (USD MILLION)        182

TABLE 126         ROW: HARDWARE SECURITY MODULES MARKET, BY APPLICATION,  2023–2028 (USD MILLION)        182

10.5.2    SOUTH AMERICA           183

10.5.2.1 Brazil     183

10.5.2.1.1            Booming healthcare sector to boost market    183

10.5.2.2 Argentina            183

10.5.2.2.1            Government initiatives to tackle global volatility and uncertainty to fuel economic growth 183

10.5.2.3 Rest of South America       184

10.5.3    MIDDLE EAST & AFRICA             184

10.5.3.1 GCC Countries    185

10.5.3.1.1            Growing investments in networking infrastructure to boost market              185

10.5.3.2 Rest of Middle East & Africa            185

11          COMPETITIVE LANDSCAPE       186

11.1       OVERVIEW        186

11.1.1    KEY PLAYER STRATEGIES/RIGHT TO WIN          186

TABLE 127         OVERVIEW OF KEY GROWTH STRATEGIES ADOPTED BY MAJOR COMPANIES      186

11.2       REVENUE ANALYSIS OF KEY PLAYERS   189

FIGURE 47         FIVE-YEAR REVENUE SNAPSHOT OF KEY COMPANIES   189

11.3       MARKET SHARE ANALYSIS         189

TABLE 128         HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS          189

FIGURE 48         HARDWARE SECURITY MODULES MARKET: MARKET SHARE ANALYSIS          190

11.4       COMPANY EVALUATION MATRIX          192

11.4.1    STARS  192

11.4.2    EMERGING LEADERS    192

11.4.3    PERVASIVE PLAYERS     192

11.4.4    PARTICIPANTS 193

FIGURE 49         HARDWARE SECURITY MODULES MARKET: (GLOBAL) COMPANY EVALUATION MATRIX, 2022 193

11.5       START-UP/SME EVALUATION MATRIX 194

11.5.1    PROGRESSIVE COMPANIES       194

11.5.2    RESPONSIVE COMPANIES          194

 

11.5.3    DYNAMIC COMPANIES 194

11.5.4    STARTING BLOCKS       194

FIGURE 50         HARDWARE SECURITY MODULES MARKET: (GLOBAL) START-UP/SME EVALUATION MATRIX, 2022     195

11.6       COMPETITIVE BENCHMARKING            196

TABLE 129         HARDWARE SECURITY MODULES MARKET: KEY START-UP/SMES           196

TABLE 130         HARDWARE SECURITY MODULES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UP/SMES        197

11.7       COMPANY FOOTPRINT 197

TABLE 131         OVERALL COMPANY FOOTPRINT (28 COMPANIES)       197

TABLE 132         TYPE: COMPANY FOOTPRINT (28 COMPANIES) 198

TABLE 133         DEPLOYMENT TYPE: COMPANY FOOTPRINT (28 COMPANIES)              199

TABLE 134         REGION: COMPANY FOOTPRINT (28 COMPANIES)         201

11.8       COMPETITIVE SCENARIOS AND TRENDS           202

11.8.1    HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019–OCTOBER 2023        202

TABLE 135         HARDWARE SECURITY MODULES MARKET: PRODUCT LAUNCHES, APRIL 2019– OCTOBER 2023             202

11.8.2    HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019–OCTOBER 2023 205

TABLE 136         HARDWARE SECURITY MODULES MARKET: DEALS, FEBRUARY 2019 –OCTOBER 2023     205

11.8.3    HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023          213

TABLE 137         HARDWARE SECURITY MODULES MARKET: OTHERS, FEBRUARY 2022–JULY 2023         213

12          COMPANY PROFILES    214

(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*

12.1       INTRODUCTION            214

12.2       KEY PLAYERS   215

12.2.1    THALES GROUP             215

TABLE 138         THALES GROUP: COMPANY OVERVIEW 215

FIGURE 51         THALES GROUP: COMPANY SNAPSHOT             216

TABLE 139         THALES GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED              216

TABLE 140         THALES GROUP: PRODUCT LAUNCHES 218

TABLE 141         THALES GROUP: DEALS             219

12.2.2    UTIMACO          222

TABLE 142         UTIMACO: COMPANY OVERVIEW          222

TABLE 143         UTIMACO: PRODUCTS/SOLUTIONS/SERVICES OFFERED              222

TABLE 144         UTIMACO: PRODUCT LAUNCHES          224

TABLE 145         UTIMACO: DEALS          224

TABLE 146         UTIMACO: OTHERS       228

 

12.2.3    FUTUREX          229

TABLE 147         FUTUREX: COMPANY OVERVIEW           229

TABLE 148         FUTUREX: PRODUCTS/SOLUTIONS/SERVICES OFFERED              229

TABLE 149         FUTUREX: PRODUCT LAUNCHES           230

TABLE 150         FUTUREX: DEALS          230

12.2.4    INFINEON TECHNOLOGIES       233

TABLE 151         INFINEON TECHNOLOGIES: COMPANY OVERVIEW       233

FIGURE 52         INFINEON TECHNOLOGIES: COMPANY SNAPSHOT       234

TABLE 152         INFINEON TECHNOLOGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED   234

TABLE 153         INFINEON TECHNOLOGIES: PRODUCT LAUNCHES       235

TABLE 154         INFINEON TECHNOLOGIES: DEALS       236

12.2.5    IBM       239

TABLE 155         IBM: COMPANY OVERVIEW       239

FIGURE 53         IBM: COMPANY SNAPSHOT       240

TABLE 156         IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED        241

TABLE 157         IBM: DEALS       242

12.2.6    STMICROELECTRONICS             244

TABLE 158         STMICROELECTRONICS: COMPANY OVERVIEW             244

FIGURE 54         STMICROELECTRONICS: COMPANY SNAPSHOT             245

TABLE 159         STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          245

TABLE 160         STMICROELECTRONICS: DEALS             246

12.2.7    MICROCHIP TECHNOLOGY       247

TABLE 161         MICROCHIP TECHNOLOGY: COMPANY OVERVIEW       247

FIGURE 55         MICROCHIP TECHNOLOGY: COMPANY SNAPSHOT       248

TABLE 162         MICROCHIP TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED   248

TABLE 163         MICROCHIP TECHNOLOGY: PRODUCT LAUNCHES       249

TABLE 164         MICROCHIP TECHNOLOGY: OTHERS    249

12.2.8    ATOS SE             250

TABLE 165         ATOS SE: COMPANY OVERVIEW             250

FIGURE 56         ATOS SE: COMPANY SNAPSHOT             251

TABLE 166         ATOS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 251

TABLE 167         ATOS SE: PRODUCT LAUNCHES             252

TABLE 168         ATOS SE: DEALS             253

12.2.9    YUBICO              254

TABLE 169         YUBICO: COMPANY OVERVIEW 254

TABLE 170         YUBICO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254

TABLE 171         YUBICO: PRODUCT LAUNCHES 255

TABLE 172         YUBICO: DEALS             256

12.2.10  SWIFT  257

TABLE 173         SWIFT: COMPANY OVERVIEW   257

FIGURE 57         SWIFT: COMPANY SNAPSHOT   257

TABLE 174         SWIFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED    258

12.3       OTHER PLAYERS           259

12.3.1    SECUROSYS SA 259

TABLE 175         SECUROSYS SA: COMPANY OVERVIEW  259

12.3.2    SPYRUS 260

TABLE 176         SPYRUS: COMPANY OVERVIEW 260

12.3.3    LEDGER             261

TABLE 177         LEDGER: COMPANY OVERVIEW             261

12.3.4    ULTRA ELECTRONICS  262

TABLE 178         ULTRA ELECTRONICS: COMPANY OVERVIEW   262

12.3.5    ADWEBTECH    263

TABLE 179         ADWEBTECH: COMPANY OVERVIEW    263

12.3.6    EFFICIENT INDIA           264

TABLE 180         EFFICIENT INDIA: COMPANY OVERVIEW           264

12.3.7    LATTICE SEMICONDUCTORS   265

TABLE 181         LATTICE SEMICONDUCTORS: COMPANY OVERVIEW    265

12.3.8    ELLIPTICSECURE           266

TABLE 182         ELLIPTICSECURE: COMPANY OVERVIEW           266

12.3.9    AMAZON INC.   267

TABLE 183         AMAZON INC.: COMPANY OVERVIEW   267

12.3.10  ENTRUST SECURITY     268

TABLE 184         ENTRUST SECURITY: COMPANY OVERVIEW      268

12.3.11  ESCRYPT           269

TABLE 185         ESCRYPT: COMPANY OVERVIEW            269

12.3.12  BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD         270

TABLE 186         BEIJING SANSEC TECHNOLOGY DEVELOPMENT CO., LTD: COMPANY OVERVIEW  270

12.3.13  FORTANIX         271

TABLE 187         FORTANIX: COMPANY OVERVIEW         271

12.3.14  JISA SOFTECH  272

TABLE 188         JISA SOFTECH: COMPANY OVERVIEW   272

12.3.15  MICROSOFT      273

TABLE 189         MICROSOFT: COMPANY OVERVIEW      273

12.3.16  NITROKEY         274

12.3.17  KRYPTOAGILE 275

12.3.18  KRYPTUS           275

*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

 

13          APPENDIX         276

13.1       DISCUSSION GUIDE      276

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             279

13.3       CUSTOMIZATION OPTIONS      281

13.4       RELATED REPORTS       281

13.5       AUTHOR DETAILS         282