Industry Background:
Hardware security modules (HMS) are the devices which provides strong authentication to digital key by using cryptography. Also, it will use to protect transactions. Applications included Authentication Database Encryption, Document Signing, Secure sockets layer (SSL), code signing, PKI/credential management, payments processing and application Level Encryption. It is mainly used for offering strong authentication as well as crypto processing. Increasing cyber security attacks as well as fulling demand of authentication devices will help to boost global hardware security module market.According to AMA Research, the market for Hardware Security Module is expected to register a CAGR of 10.1% during the forecast period to 2026. This growth is primarily driven by Increasing Cyber Security Attacks, Fulling demand of Authentication Devices and Rising Demand of Digital Transactions.
Globally, a noticeable market trend is evident Rising Demand of USB based HMS’s
. Major Manufacturers, such as Ultimaco GmbH (Germany), Thales e-Security (United States), Futurex (United States), Hewlett Packard Enterprise (United States), IBM (United States), Yubico (United States), Gemalto (Netherland), Ultra-Electronics (United Kingdom), Atos SE (France) and JN UNION (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
28th Oct 2018, IBM has acquired Red Hat the world's leading provider of open source cloud software. The deal was established for issued as well as outstanding common shares of a company for 190 dollars per share in cash.
19 September 2018, Thales has launched FinTech and IoT with a new light-weight cryptographic curve to support in nShield HSMs for security purpose
Market Drivers
- Increasing Cyber Security Attacks
- Fulling demand of Authentication Devices
- Rising Demand of Digital Transactions
Market Trend
- Rising Demand of USB based HMS’s
- Upspring Demand Due to Digital Payments, Security of Financial Data
- Increasing Demand of Lock and Unlock Access to Digitized Information
Restraints
- High Initial and Maintenance Cost
Opportunities
Invention of New Technology including IOT and cloud Computing and Customers User Friendly Interface
Challenges
Searching Sensitive Data and considering importance of data security by organizations and Incapability to Regulate the Important Management from Outdoor HSM Physical Protection Limit
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hardware Security Module Study Sheds Light on
The Hardware Security Module Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Hardware Security Module industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hardware Security Module industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.