Global General Purpose HSMs Market was valued at US$ 547.0 million in 2019 and is expected to reach US$ 1783.0 million by 2028, growing at a CAGR of 14.2% over the forecast period. General purpose hardware security module are hardware devices used to create and verify digital signatures, encrypting and decrypting data and boost the encryption practices by generating keys. Businesses nowadays are facing problems of data security, general purpose HSM helps in achieving higher levels of data security and trust this factors boost the growth of the market over the forecast period. There is an increasing adoption of general purpose HSMs in various organizations due to the unique security properties and also provide cryptographic service to numerous businesses across different industry verticals. General purpose hardware security model allows companies to integrate hardware security to various applications like public key infrastructure, web application servers and various databases. Organizations are adopting general purpose HSMs for key management purpose or for payment purposes.
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Currently the purpose of HSMs is mainly document signing, application encryption and authentication purposes but there is an increasing trend towards adoption of this module for all purposes. In the years to come there will a significant increase in use of general purpose HSMs for payments processing and authentication and for secure sockets layer. Due to new mobile payment schemes there are increasing concerns of security and privacy while payment processing, there will be a growth in deployment of general purpose HSMs due to these factors there will be a significant growth of the market over the forecast period. While selecting a general purpose HSM organizations look for the cost, ease of use and higher interoperability with other solutions, thus companies in the market are more focused towards providing ideal solutions to the end users.
As general purpose HSM solutions are completely tamperproof the use of these modules has largely increased in the United States, organizations in United States are adopting these solutions at a high rate due to its varied benefits. Conventional IT systems have some limitations and cannot be protected from external attack in order to protect the systems HSMs has a whole array of solutions. General purpose HSM helps to prevent physical tampering and if for instance someone attempts to expose HSM system by drilling or with some other techniques an alarm is set up due to the attack registered by sensors. In addition the system takes countermeasures in order to protect from and offer extreme security from mechanical, physical and chemical attacks. There are no possible attacks that could harm the HSMs systems thus making these systems vulnerable from any attacks; these factors boost the growth of general purpose hardware security module over the forecast period. The keys that are obligatory for cryptographic operations don’t leave the HSM, so it is impossible for an attacker to steal those keys. HSMs generates and stores the keys that are used in operations like encryption and signatures amongst others, so it is difficult for the attacker to steal those keys these this factor enables the businesses to install these systems in order to prevent any logical attack and also these systems provides maximum protection against any other thus increasing adoption by the organizations is driving the growth of general purpose hardware security module over the forecast period. Key market manufacturers provide general purpose HSMs with features like secure execution environment for user applications, this aids the companies in protection against Trojans and insider attacks. General purpose HSMs are deployed in various industries for various purposes like storage and secure key generation amongst others. General purpose HSMs are primarily used to protect cloud architectures, PKIs (public key infrastructure) and virtual environments.
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In addition to the general purpose hardware security model deployed on premises, many cloud service providers are providing cloud hardware security model as a service or managed services. This model offers a variety of applications ranging from high scalability and added options for integration. HSMs are integrated into smart cards, cryptographic cards and are also offered as cloud service by many providers which include Microsoft Azure, Amazon Web Services, IBM Cloud Hardware Security Module and Google Cloud Platform (Cloud HSM) amongst others. General purpose HSMs can be used in various industries, in the automotive sector HSMs are used in smart connected car management. These systems help in securing communication between the control devices and helps in protecting driver’s data generated externally by devices like smartphones.
The detailed research study provides qualitative and quantitative analysis of general purpose HSMs market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- In the component segment, hardware has the largest market share over the forecast period; organizations are adopting general purpose hardware security module systems in order to have maximum data security while performing various functions.
- Adoption of general purpose hardware security module is highest amongst large enterprises thus large enterprises segment is expected to grow at the highest rate over the forecast period. There is an increasing adoption of these systems form SME’s, as the general purpose HSMs are completely tamperproof, the adoption of these systems is increasing at a high rate
- In the application segment, Public Key Infrastructure (PKI) Applications has largest market share in 2019 and is expected to continue the similar trend over the forecast period. PKIs have many applications in the internet banking, e-commerce and confidential email.
- There is an increasing adoption of general purpose HSMs in many industries, in healthcare, HSMs are used for telematics infrastructure. The same is expected to grow at a significant pace over the next eight years. The systems help in the protection of data and only enable the authorized users to access patient data.
- North America held the largest share in 2019 and is expected to hold the similar trend over the forecast period. On the other hand, Asia Pacific region is expected to grow at the highest rate in future years.
- The major players operating in the market include Atos SE, Beijing Sansec Technology Development Co., Ltd, Blue Star Limited., Futurex, nCipher Security, LLC. Realsec, SPYRUS, SWIFT, Thales Group, Utimaco Inc., Yubico and Other Market Participants.
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General Purpose HSMs Market:
- By Component
- Hardware
- Network HSM
- USB HSM
- PCI HSM
- Services
- Hardware
- By Organization Size
- Small and Medium Enterprises
- Large Enterprises
- By Application
- Public Key Infrastructure (PKI) Applications
- Document & Code Signing
- Database Encryption & Security
- Application-Level Encryption
- Others
- By Industry Vertical
- Banking, Financial Services and Insurance
- Healthcare
- Manufacturing
- Government
- Education
- Retail
- Defence
- Media and Entertainment
- Information Technology and Telecommunications
- Others
- By Geography
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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