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Hardware Security Module (HSM) Market By Application, Type And Industry Verticals- Global Industry Analysis And Forecast To 2027

Published On : January 2022 Pages : 190 Category: Communication Services Report Code : IC0117325

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Industry Outlook and Trend Analysis

The Hardware Security Modules (HSM) Market was worth USD 891.97 billion in 2021 and is expected to reach approximately USD XX billion by 2027, while registering itself at a compound annual growth rate (CAGR) of 12.85% during the forecast period. Hardware security module (HSM) is a management solution that gives insurance against the developing data threats to private keys and certificates. The device needs certification to globally perceived standards, for example, federal information processing standards (FIPS) 140, normal criteria that gives the design of the product and usage confirmation. The hardware security modules market is anticipated to encounter possibly immense development opportunities in the coming years, by virtue of surge in mechanical progressions, which prompted a surging demand for information systems security solutions, around the world.

Drivers and Restraints

Hardware security modules are widely required by associations to ensure the confidence of users in an inexorably digitized world, while guaranteeing full-proof insurance against cybertheft and different types of data breaches. Reports have explained that an enormous number of interruptions in information systems have been resulting in huge budgetary losses to organizations, and subsequently re-establishing the system operation needs additional investments and has time limitations. A surging demand for data security solutions offered by equipment security modules exists in an offer to defeat such difficulties for associations that utilize high esteemed data systems.

Market Segmentation

The Hardware Security Modules (HSM) Market is segmented on the basis of Type, Application and Industry Verticals. Based on type the market is segmented into Remote Interface, Smart Cards, Local Interface and USB Token out of which Remote interface HSM type held the significant share of the overall industry in 2017 in the general hardware security module market. Based on application the market is segmented into Database Encryption, Secure Sockets Layer (SSL), PKI/Credential Management, Application Level Encryption, Authentication, Document Signing, Code Signing, Payments Processing and Application Level Encryption. Based on Industry verticals the market is segmented into banking and financial institutions, healthcare and life sciences, government, technology and communication, industrial and manufacturing, energy and utility, retail and consumer, and others out of which the automotive and transportation segments are anticipate to grow significantly owing to the rising deployment of HSM in automobile and transportation industry verticals.

Regional Outlook and Trend Analysis

North America is foreseen to hold significant share in the equipment security module market. Development in this area is ascribed to solid selection and entrance of security modules and additionally existence of substantial number of sellers in the region. In any case, Europe is assessed to contribute major share in the general HSM market, nearly trailed by Asia Pacific. This development is bolstered by APAC nations including Japan, China, and India.

Competitive Insights

The leading players in the market are Thales eSecurity, IBM, Utimaco Safeware, Yubico, Gemalto, Ultra Electronics Group, Futurex and Hewlett Packard Enterprise (HPE). The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Hardware Security Modules (HSM) Market is segmented as follows-

By Type:

  • Remote Interface
  • Smart Cards
  • Local Interface
  • USB Token

By Application:

  • Database Encryption
  • Secure Sockets Layer (SSL)
  • PKI/Credential Management
  • Application Level Encryption
  • Authentication
  • Document Signing
  • Code Signing
  • Payments Processing
  • Application Level Encryption

By Industry Verticals:

  • BFSI
  • Energy and Utility
  • Government
  • Industrial and Manufacturing
  • Healthcare & Life sciences
  • Retail and Consumer Products
  • Technology and Communication
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Columbia
    • South Africa
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of MEA

Some of the key questions answered by the report are:

  • What was the market size in 2017 and forecast from 2017 to 2023?
  • What will be the industry market growth from 2017 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

·         Hardware Security Module (HSM) Market, By Application, Estimates and Forecast, 2014-2023($Billion)

o    Authentication

o    Database Encryption

o    Document Signing

o    Secure Sockets Layer (SSL)

o    Code Signing

o    PKI/Credential Management

o    Payments Processing

o    Application Level Encryption

·         Hardware Security Module (HSM) Market, By Type, Estimates and Forecast, 2014-2023($Billion)

o    Local Interface

o    Remote Interface

o    USB token

o    Smart Cards

·         Hardware Security Module (HSM) Market, By Industry Verticals, Estimates and Forecast, 2014-2023($Billion)

o    BFSI

o    Government

o    Technology and Communication

o    Industrial and Manufacturing

o    Energy and Utility

o    Retail and Consumer Products

o    Healthcare & Life sciences

o    Other Industry Verticals

·         Hardware Security Module (HSM) Market, By Region, Estimates and Forecast, 2014-2023($Billion)

o    North America

§  North America Hardware Security Module (HSM) Market, By Country

o    U.S. Hardware Security Module (HSM) Market

o    Canada Hardware Security Module (HSM) Market

o    Mexico Hardware Security Module (HSM) Market

o    Europe

§  Europe Hardware Security Module (HSM) Market, By Country

o    Germany Hardware Security Module (HSM) Market

o    UK Hardware Security Module (HSM) Market

o    France Hardware Security Module (HSM) Market

o    Russia Hardware Security Module (HSM) Market

o    Italy Hardware Security Module (HSM) Market

o    Rest of Europe Hardware Security Module (HSM) Market

o    Asia-Pacific

§  Asia-Pacific Hardware Security Module (HSM) Market, By Country

o    China Hardware Security Module (HSM) Market

o    Japan Hardware Security Module (HSM) Market

o    South Korea Hardware Security Module (HSM) Market

o    India Hardware Security Module (HSM) Market

o    Southeast Asia Hardware Security Module (HSM) Market

o    Rest of Asia-Pacific Hardware Security Module (HSM) Market

o    South America

§  South America Hardware Security Module (HSM) Market

o    Brazil Hardware Security Module (HSM) Market

o    Argentina Hardware Security Module (HSM) Market

o    Columbia Hardware Security Module (HSM) Market

o    South Africa Hardware Security Module (HSM) Market

o    Rest of South America Hardware Security Module (HSM) Market

o    Middle East and Africa

§  Middle East and Africa Hardware Security Module (HSM) Market

o    Saudi Arabia Hardware Security Module (HSM) Market

o    UAE Hardware Security Module (HSM) Market

o    Egypt Hardware Security Module (HSM) Market

o    Nigeria Hardware Security Module (HSM) Market

o    South Africa Hardware Security Module (HSM) Market

o    Rest of MEA Hardware Security Module (HSM) Market

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.2.  Restraints

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Market Analysis by Regions

4.1.       North America (United States, Canada and Mexico)

4.1.1.  United States Market States and Outlook (2017-2023)

4.1.2.  Canada Market States and Outlook (2017-2023)

4.1.3.  Mexico Market States and Outlook (2017-2023)

4.2.       Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1.  Germany Market States and Outlook (2017-2023)

4.2.2.  France Market States and Outlook (2017-2023)

4.2.3.  UK Market States and Outlook (2017-2023)

4.2.4.  Russia Market States and Outlook (2017-2023)

4.2.5.  Italy Market States and Outlook (2017-2023)

4.2.6.  Rest of Europe Market States and Outlook (2017-2023)

4.3.       Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)

4.3.1.  China Market States and Outlook (2017-2023)

4.3.2.  Japan Market States and Outlook (2017-2023)

4.3.3.  Korea Market States and Outlook (2017-2023)

4.3.4.  India Market States and Outlook (2017-2023)

4.3.5.  Rest of Asia-Pacific Market States and Outlook (2017-2023)

4.4.       South America (Brazil, Argentina, Columbia and Rest of South America)

4.4.1.  Brazil Market States and Outlook (2017-2023)

4.4.2.  Argentina Market States and Outlook (2017-2023)

4.4.3.  Columbia Market States and Outlook (2017-2023)

4.4.4.  Rest of South America Market States and Outlook (2017-2023)

4.5.       Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)

4.5.1.  Saudi Arabia Market States and Outlook (2017-2023)

4.5.2.  UAE Market States and Outlook (2017-2023)

4.5.3.  Egypt Market States and Outlook (2017-2023)

4.5.4.  Nigeria Market States and Outlook (2017-2023)

4.5.5.  South Africa Market States and Outlook (2017-2023)

4.5.6.  Rest of MEA Market States and Outlook (2017-2023)

5.       Hardware Security Module (HSM) Market, By Type

5.1.       Introduction

5.2.       Global Hardware Security Module (HSM) Sales, Revenue and Market Share by Type (2017-2027)

5.2.1.  Global Hardware Security Module (HSM) Sales and Sales Share by Type (2017-2027)

5.2.2.  Global Hardware Security Module (HSM) Revenue and Revenue Share by Type (2017-2027)

5.3.       Local Interface

5.3.1.  Global Local Interface Sales and Growth Rate (2017-2027)

5.4.       Remote Interface

5.4.1.  Global Remote Interface Sales and Growth Rate (2017-2027)

5.5.       USB token

5.5.1.  Global USB token Sales and Growth Rate (2017-2027)

5.6.       Smart Cards

5.6.1.  Global Smart Cards Sales and Growth Rate (2017-2027)

6.       Hardware Security Module (HSM) Market, By Application

6.1.       Introduction

6.2.       Global Hardware Security Module (HSM) Sales, Revenue and Market Share by Application (2017-2027)

6.2.1.  Global Hardware Security Module (HSM) Sales and Sales Share by Application (2017-2027)

6.2.2.  Global Hardware Security Module (HSM) Revenue and Revenue Share by Application (2017-2027)

6.3.       Authentication

6.3.1.  Global Authentication Sales and Growth Rate (2017-2027)

6.4.       Database Encryption

6.4.1.  Global Database Encryption Sales and Growth Rate (2017-2027)

6.5.       Document Signing

6.5.1.  Global Document Signing Sales and Growth Rate (2017-2027)

6.6.       Secure Sockets Layer (SSL)

6.6.1.  Global Secure Sockets Layer (SSL) Sales and Growth Rate (2017-2027)

6.7.       Code Signing

6.7.1.  Global Code Signing Sales and Growth Rate (2017-2027)

6.8.       PKI/Credential Management

6.8.1.  Global PKI/Credential Management Sales and Growth Rate (2017-2027)

6.9.       Payments Processing

6.9.1.  Global Payments Processing Sales and Growth Rate (2017-2027)

6.10.    Application Level Encryption

6.10.1.      Global Application Level Encryption Sales and Growth Rate (2017-2027)

7.       Hardware Security Module (HSM) Market, By Industry Verticals

7.1.       Introduction

7.2.       Global Hardware Security Module (HSM) Sales, Revenue and Market Share by Industry Verticals (2017-2027)

7.2.1.  Global Hardware Security Module (HSM) Sales and Sales Share by Industry Verticals (2017-2027)

7.2.2.  Global Hardware Security Module (HSM) Revenue and Revenue Share by Industry Verticals (2017-2027)

7.3.       BFSI

7.3.1.  Global BFSI Sales and Growth Rate (2017-2027)

7.4.       Government

7.4.1.  Global Government Sales and Growth Rate (2017-2027)

7.5.       Technology and Communication

7.5.1.  Global Technology and Communication Sales and Growth Rate (2017-2027)

7.6.       Industrial and Manufacturing

7.6.1.  Global Industrial and Manufacturing Sales and Growth Rate (2017-2027)

7.7.       Energy and Utility

7.7.1.  Global Energy and Utility Sales and Growth Rate (2017-2027)

7.8.       Retail and Consumer Products

7.8.1.  Global Retail and Consumer Products Sales and Growth Rate (2017-2027)

7.9.       Healthcare & Life sciences

7.9.1.  Global Healthcare & Life sciences Sales and Growth Rate (2017-2027)

7.10.    Other Industry Verticals

7.10.1.      Global Other Industry Verticals Sales and Growth Rate (2017-2027)

8.       Hardware Security Module (HSM) Market, By Region

8.1.       Introduction

8.2.       Global Hardware Security Module (HSM) Sales, Revenue and Market Share by Regions

8.2.1.  Global Hardware Security Module (HSM) Sales by Regions (2017-2027)

8.2.2.  Global Hardware Security Module (HSM) Revenue by Regions (2017-2027)

8.3.       North America Hardware Security Module (HSM) by Countries

8.3.1.  North America Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.3.2.  North America Hardware Security Module (HSM) Revenue and Growth Rate (2017-2027)

8.3.3.  North America Hardware Security Module (HSM) Sales by Countries (2017-2027)

8.3.4.  North America Hardware Security Module (HSM) Revenue (Million USD) by Countries (2017-2027)

8.3.5.  U.S.

8.3.5.1.    United States Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.3.5.2.    United States Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.3.6.  Canada

8.3.6.1.    Canada Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.3.6.2.    Canada Hardware Security Module (HSM) Sales (Millions USD) and Growth Rate (2017-2027)

8.3.7.  Mexico

8.3.7.1.    Mexico Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.3.7.2.    Mexico Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.       Europe Hardware Security Module (HSM) by Countries

8.4.1.  Europe Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.4.2.  Europe Hardware Security Module (HSM) Revenue and Growth Rate (2017-2027)

8.4.3.  Europe Hardware Security Module (HSM) Sales by Countries (2017-2027)

8.4.4.  Europe Hardware Security Module (HSM) Revenue (Million USD) by Countries (2017-2027)

8.4.5.  Germany

8.4.5.1.    Germany Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.4.5.2.    Germany Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.6.  UK

8.4.6.1.    UK Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.4.6.2.    UK Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.7.  France

8.4.7.1.    France Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.4.7.2.    France Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.8.  Russia

8.4.8.1.    Russia Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.4.8.2.    Russia Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.9.  Italy

8.4.9.1.    Italy Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.4.9.2.    Italy Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.4.10.      Rest of Europe

8.4.10.1. Rest of Europe Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.4.10.2. Rest of Europe Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.       Asia-Pacific

8.5.1.  Asia-Pacific Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.5.2.  Asia-Pacific Hardware Security Module (HSM) Revenue and Growth Rate (2017-2027)

8.5.3.  Asia-Pacific Hardware Security Module (HSM) Sales by Countries (2017-2027)

8.5.4.  Asia-Pacific Hardware Security Module (HSM) Revenue (Million USD) by Countries (2017-2027)

8.5.5.  China

8.5.5.1.    China Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.5.5.2.    China Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.6.  Japan

8.5.6.1.    Japan Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.5.6.2.    Japan Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.6.3.     

8.5.7.  Korea

8.5.7.1.    Korea Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.5.7.2.    Korea Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.8.  India

8.5.8.1.    India Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.5.8.2.    India Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.9.  Southeast Asia

8.5.9.1.    Southeast Asia Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.5.9.2.    Southeast Asia Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.5.10.      Rest of Asia-Pacific

8.5.10.1. Rest of Asia-Pacific Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.5.10.2. Rest of Asia-Pacific Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.       South America

8.6.1.  South America Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.6.2.  South America Hardware Security Module (HSM) Revenue and Growth Rate (2017-2027)

8.6.3.  South America Hardware Security Module (HSM) Sales by Countries (2017-2027)

8.6.4.  South America Hardware Security Module (HSM) Revenue (Million USD) by Countries (2017-2027)

8.6.5.  Brazil

8.6.5.1.    Brazil Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.6.5.2.    Brazil Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.6.  Argentina

8.6.6.1.    Argentina Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.6.6.2.    Argentina Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.7.  Columbia

8.6.7.1.    Columbia Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.6.7.2.    Columbia Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.6.8.  Rest of South America

8.6.8.1.    Rest of South America Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.6.8.2.    Rest of South America Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.       Middle East and Africa

8.7.1.  Middle East and Africa Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.7.2.  Middle East and Africa Hardware Security Module (HSM) Revenue and Growth Rate (2017-2027)

8.7.3.  Middle East and Africa Hardware Security Module (HSM) Sales by Countries (2017-2027)

8.7.4.  Middle East and Africa Hardware Security Module (HSM) Revenue (Million USD) by Countries (2017-2027)

8.7.5.  Saudi Arabia

8.7.5.1.    Saudi Arabia Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.7.5.2.    Saudi Arabia Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.6.  United Arab Emirates

8.7.6.1.    United Arab Emirates Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.7.6.2.    United Arab Emirates Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.7.  Egypt

8.7.7.1.    Egypt Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.7.7.2.    Egypt Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.8.  Nigeria

8.7.8.1.    Nigeria Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.7.8.2.    Nigeria Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.9.  South Africa

8.7.9.1.    South Africa Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.7.9.2.    South Africa Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

8.7.10.      Rest of Middle East and Africa

8.7.10.1. Rest of Middle East and Africa Hardware Security Module (HSM) Sales and Growth Rate (2017-2027)

8.7.10.2. Rest of Middle East and Africa Hardware Security Module (HSM) Revenue (Millions USD) and Growth Rate (2017-2027)

9.       Company Profiles

9.1.       Futurex

9.1.1.  Business Overview

9.1.2.  Product Portfolio

9.1.3.  Strategic Developments

9.1.4.  Sales, Revenue and Market Share

9.2.       Gemalto NV

9.2.1.  Business Overview

9.2.2.  Product Portfolio

9.2.3.  Strategic Developments

9.2.4.  Sales, Revenue and Market Share

9.3.       Hewlett Packard Enterprise Development LP

9.3.1.  Business Overview

9.3.2.  Product Portfolio

9.3.3.  Strategic Developments

9.3.4.  Sales, Revenue and Market Share

9.4.       International Business Machines (IBM) Corporation

9.4.1.  Business Overview

9.4.2.  Product Portfolio

9.4.3.  Strategic Developments

9.4.4.  Sales, Revenue and Market Share

9.5.       SWIFT

9.5.1.  Business Overview

9.5.2.  Product Portfolio

9.5.3.  Strategic Developments

9.5.4.  Sales, Revenue and Market Share

9.6.       Thales e-Security, Inc.

9.6.1.  Business Overview

9.6.2.  Product Portfolio

9.6.3.  Strategic Developments

9.6.4.  Sales, Revenue and Market Share

9.7.       Ultra Electronics group

9.7.1.  Business Overview

9.7.2.  Product Portfolio

9.7.3.  Strategic Developments

9.7.4.  Sales, Revenue and Market Share

9.8.       Utimaco GmbH

9.8.1.  Business Overview

9.8.2.  Product Portfolio

9.8.3.  Strategic Developments

9.8.4.  Sales, Revenue and Market Share

9.9.       Yubico

9.9.1.  Business Overview

9.9.2.  Product Portfolio

9.9.3.  Strategic Developments

9.9.4.  Sales, Revenue and Market Share

10.   Global Hardware Security Module (HSM) Market Competition, by Manufacturer

10.1.    Global Hardware Security Module (HSM) Sales and Market Share by Manufacturer (2017-2017)

10.2.    Global Hardware Security Module (HSM) Revenue and Market Share by Manufacturer (2017-2017)

10.3.    Global Hardware Security Module (HSM) Price by Manufacturer (2017-2017)

10.4.    Top 5 Hardware Security Module (HSM) Manufacturer Market Share

10.5.    Market Competition Trend

11.   Hardware Security Module (HSM) Market Forecast (2027-2023)

11.1.    Global Hardware Security Module (HSM) Sales, Revenue (Millions USD) and Growth Rate (2027-2023)

11.2.    Hardware Security Module (HSM) Market Forecast by Regions (2027-2023)

11.2.1.      North America Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.1.1. United States Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.1.2. Canada Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.1.3. Mexico Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.2.      Europe Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.2.1. Germany Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.2.2. United Kingdom Hardware Security Module (HSM)s Market Forecast (2027-2023)

11.2.2.3. France Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.2.4. Russia Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.2.5. Italy Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.2.6. Rest of the Europe Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.3.      Asia-Pacific Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.3.1. China Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.3.2. Japan Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.3.3. Korea Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.3.4. India Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.3.5. Southeast Asia Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.3.6. Rest of Asia-Pacific Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.4.      South America Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.4.1. Brazil Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.4.2. Argentina Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.4.3. Columbia Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.4.4. Rest of South America Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.5.      Middle East and Africa Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.5.1. Saudi Arabia Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.5.2. UAE Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.5.3. Egypt Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.5.4. Nigeria Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.5.5. South Africa Hardware Security Module (HSM) Market Forecast (2027-2023)

11.2.5.6. Rest of MEA Hardware Security Module (HSM) Market Forecast (2027-2023)

11.3.    Hardware Security Module (HSM) Market Forecast by Type (2027-2023)

11.3.1.      Global Hardware Security Module (HSM) Sales Forecast by Type (2027-2023)

11.3.2.      Global Hardware Security Module (HSM) Sales Market Share Forecast by Type (2027-2023)

11.4.    Hardware Security Module (HSM) Market Forecast by Application (2027-2023)

11.4.1.      Global Hardware Security Module (HSM) Sales Forecast by Application (2027-2023)

11.4.2.      Global Hardware Security Module (HSM) Sales Market Share Forecast by Application (2027-2023)

11.5.    Hardware Security Module (HSM) Market Forecast by Industry Verticals (2027-2023)

11.5.1.      Global Hardware Security Module (HSM) Sales Forecast by Industry Verticals (2027-2023)

11.5.2.      Global Hardware Security Module (HSM) Sales Market Share Forecast by Industry Verticals (2027-2023)

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources
  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources
  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)
  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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