Global Hardware Security Modules Market Overview – Market Growth Analysis And Key Drivers
The Hardware Security Modules Global Market Report 2023, provides comprehensive information on the hardware security modules market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Hardware Security Modules Market’s
Growth:
https://www.thebusinessresearchcompany.com/report/hardware-security-modules-global-market-report
The global
hardware security modules market size is expected to grow from $1.34 billion in
2022 to $1.53 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%.
The Russia-Ukraine war disrupted the chances of global economic recovery from
the COVID-19 pandemic, at least in the short term. The war between these two
countries has led to economic sanctions on multiple countries, a surge in
commodity prices, and supply chain disruptions, causing inflation across goods
and services and affecting many markets across the globe. The global hardware
security module market size is expected to reach $2.61 billion in 2027 at a
CAGR of 14.3%.
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A Free Sample Of The Report (Includes Graphs And Tables):
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Product
innovation is a key trend gaining popularity in the hardware security module
market. Major companies operating in the hardware security module market are
focused on developing innovative products to strengthen their position. For
instance, in February 2022, Thales Group, a France-based technology company
that creates, designs, and produces electrical systems and aircraft gadgets,
launched a new IoT connection solution ELS62. It has better reliability and
security for smart devices, simplifying enterprises' digital transition. It
combines moderate technology for simplifying design, streamlining development,
and reducing time-to-market for IoT products. The product offers different
connectivity alternatives and high cybersecurity for IoT devices, along with
security measures that safeguard both the device and data by ensuring
resilience against cyberattacks, strong device authentication, and data
encryption.
The hardware
security modules market is segmented:
1) By Type: LAN Based/ Network Attached,
PCI-Based/ Embedded Plugins, USB Based/ Portable, Smart Cards
2) By Deployment Type: On-Premise, Cloud
3) By Application: SSL (Secure Sockets
Layer), TSL (Transport Layer Security), Authentication, Payment Processing,
Code And Document Signing, Application-Level Encryption, Database Encryption,
Public Key Infrastructure (PKI), Credential Management
4) By End-User: Banking And Financial
Services, Energy And Utility, Retail And Consumer Products, Government
Technology And Communication, Industrial And Manufacturing, Healthcare, Life
Sciences
Europe was the largest region in the hardware
security modules market in 2022.
The table of
contents in TBRC’s hardware security modules market report includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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