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Global Hardware Security Module Market Research Report 2025

Global Hardware Security Module Market Research Report 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1419443

No of Pages : 91

A hardware security module (HSM) is a physical computing device that safeguards and manages digital keys for strong authentication and provides crypto processing. These modules traditionally come in the form of a plug-in card or an external device that attaches directly to a computer or network server. Hardware Security Modules (HSM) are devices specifically built to create a tamper-resistant environment in which to perform cryptographic processes (e.g. encryption or digital signing) and to manage keys associated with those processes. HSMs often provide cryptographic acceleration that is measured in terms of operations. These devices are used to protect critical data processing activities associated with server based applications and can be used to strongly enforce security policies and access controls. These modules are physical devices that traditionally come in the form of a plug-in card or an external network connected appliance and are often validated against security standards such as FIPS.

The global Hardware Security Modules (HSM) market was valued at US$ 1243.1 million in 2023 and is anticipated to reach US$ 2933.8 million by 2030, witnessing a CAGR of 13.1% during the forecast period 2024-2030.

Global key players of hardware security modules (HSM) include Thales, Entrust Corp, Utimaco, ATOS SE, Marvell Technology Group, etc. The top five players hold a share about 45%. North America is the largest market, has a share about 38%, followed by Europe and Asia-Pacific, with share 33% and 25%, separately.

This report aims to provide a comprehensive presentation of the global market for Hardware Security Modules (HSM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hardware Security Modules (HSM).

Report Scope

The Hardware Security Modules (HSM) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Hardware Security Modules (HSM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. 

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Hardware Security Modules (HSM) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Company (Partial List)

  •     Thales
  •     Entrust Corp
  •     Utimaco
  •     ATOS SE
  •     Marvell Technology Group
  •     Westone Information Industry
  •     Ultra Electronics
  •     Sansec Technology
  •     Synopsys, Inc
  •     Futurex
  •     Keyou
  •     Beijing Dean Information Technology
  •     Fortanix
  •     Securosys
  •     Yubico

Segment by Type

  •     General Purpose HSMs
  •     Payment HSMs
  •     HSMaaS

Segment by Application

  •     BFSI
  •     Industrial and Manufacturing
  •     Government
  •     Others

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Netherlands)
  • Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
  • Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Hardware Security Modules (HSM) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

1 Report Overview
    1.1 Study Scope
    1.2 Market Analysis by Type
        1.2.1 Global Hardware Security Modules (HSM) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
        1.2.2 General Purpose HSMs
        1.2.3 Payment HSMs
        1.2.4 HSMaaS
    1.3 Market by Application
        1.3.1 Global Hardware Security Modules (HSM) Market Growth by Application: 2019 VS 2023 VS 2030
        1.3.2 BFSI
        1.3.3 Industrial and Manufacturing
        1.3.4 Government
        1.3.5 Others
    1.4 Study Objectives
    1.5 Years Considered
    1.6 Years Considered

 2 Global Growth Trends
    2.1 Global Hardware Security Modules (HSM) Market Perspective (2019-2030)
    2.2 Hardware Security Modules (HSM) Growth Trends by Region
        2.2.1 Global Hardware Security Modules (HSM) Market Size by Region: 2019 VS 2023 VS 2030
        2.2.2 Hardware Security Modules (HSM) Historic Market Size by Region (2019-2024)
        2.2.3 Hardware Security Modules (HSM) Forecasted Market Size by Region (2025-2030)
    2.3 Hardware Security Modules (HSM) Market Dynamics
        2.3.1 Hardware Security Modules (HSM) Industry Trends
        2.3.2 Hardware Security Modules (HSM) Market Drivers
        2.3.3 Hardware Security Modules (HSM) Market Challenges
        2.3.4 Hardware Security Modules (HSM) Market Restraints

 3 Competition Landscape by Key Players
    3.1 Global Top Hardware Security Modules (HSM) Players by Revenue
        3.1.1 Global Top Hardware Security Modules (HSM) Players by Revenue (2019-2024)
        3.1.2 Global Hardware Security Modules (HSM) Revenue Market Share by Players (2019-2024)
    3.2 Global Hardware Security Modules (HSM) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    3.3 Players Covered: Ranking by Hardware Security Modules (HSM) Revenue
    3.4 Global Hardware Security Modules (HSM) Market Concentration Ratio
        3.4.1 Global Hardware Security Modules (HSM) Market Concentration Ratio (CR5 and HHI)
        3.4.2 Global Top 10 and Top 5 Companies by Hardware Security Modules (HSM) Revenue in 2023
    3.5 Hardware Security Modules (HSM) Key Players Head office and Area Served
    3.6 Key Players Hardware Security Modules (HSM) Product Solution and Service
    3.7 Date of Enter into Hardware Security Modules (HSM) Market
    3.8 Mergers & Acquisitions, Expansion Plans

 4 Hardware Security Modules (HSM) Breakdown Data by Type
    4.1 Global Hardware Security Modules (HSM) Historic Market Size by Type (2019-2024)
    4.2 Global Hardware Security Modules (HSM) Forecasted Market Size by Type (2025-2030)

 5 Hardware Security Modules (HSM) Breakdown Data by Application
    5.1 Global Hardware Security Modules (HSM) Historic Market Size by Application (2019-2024)
    5.2 Global Hardware Security Modules (HSM) Forecasted Market Size by Application (2025-2030)

 6 North America
    6.1 North America Hardware Security Modules (HSM) Market Size (2019-2030)
    6.2 North America Hardware Security Modules (HSM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
    6.3 North America Hardware Security Modules (HSM) Market Size by Country (2019-2024)
    6.4 North America Hardware Security Modules (HSM) Market Size by Country (2025-2030)
    6.5 United States
    6.6 Canada

 7 Europe
    7.1 Europe Hardware Security Modules (HSM) Market Size (2019-2030)
    7.2 Europe Hardware Security Modules (HSM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
    7.3 Europe Hardware Security Modules (HSM) Market Size by Country (2019-2024)
    7.4 Europe Hardware Security Modules (HSM) Market Size by Country (2025-2030)
    7.5 Germany
    7.6 France
    7.7 U.K.
    7.8 Italy
    7.9 Russia
    7.10 Nordic Countries

 8 Asia-Pacific
    8.1 Asia-Pacific Hardware Security Modules (HSM) Market Size (2019-2030)
    8.2 Asia-Pacific Hardware Security Modules (HSM) Market Growth Rate by Region: 2019 VS 2023 VS 2030
    8.3 Asia-Pacific Hardware Security Modules (HSM) Market Size by Region (2019-2024)
    8.4 Asia-Pacific Hardware Security Modules (HSM) Market Size by Region (2025-2030)
    8.5 China
    8.6 Japan
    8.7 South Korea
    8.8 Southeast Asia
    8.9 India
    8.10 Australia

 9 Latin America
    9.1 Latin America Hardware Security Modules (HSM) Market Size (2019-2030)
    9.2 Latin America Hardware Security Modules (HSM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
    9.3 Latin America Hardware Security Modules (HSM) Market Size by Country (2019-2024)
    9.4 Latin America Hardware Security Modules (HSM) Market Size by Country (2025-2030)
    9.5 Mexico
    9.6 Brazil

 10 Middle East & Africa
    10.1 Middle East & Africa Hardware Security Modules (HSM) Market Size (2019-2030)
    10.2 Middle East & Africa Hardware Security Modules (HSM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
    10.3 Middle East & Africa Hardware Security Modules (HSM) Market Size by Country (2019-2024)
    10.4 Middle East & Africa Hardware Security Modules (HSM) Market Size by Country (2025-2030)
    10.5 Turkey
    10.6 Saudi Arabia
    10.7 UAE

 11 Key Players Profiles
    11.1 Thales
        11.1.1 Thales Company Detail
        11.1.2 Thales Business Overview
        11.1.3 Thales Hardware Security Modules (HSM) Introduction
        11.1.4 Thales Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.1.5 Thales Recent Development
    11.2 Entrust Corp
        11.2.1 Entrust Corp Company Detail
        11.2.2 Entrust Corp Business Overview
        11.2.3 Entrust Corp Hardware Security Modules (HSM) Introduction
        11.2.4 Entrust Corp Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.2.5 Entrust Corp Recent Development
    11.3 Utimaco
        11.3.1 Utimaco Company Detail
        11.3.2 Utimaco Business Overview
        11.3.3 Utimaco Hardware Security Modules (HSM) Introduction
        11.3.4 Utimaco Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.3.5 Utimaco Recent Development
    11.4 ATOS SE
        11.4.1 ATOS SE Company Detail
        11.4.2 ATOS SE Business Overview
        11.4.3 ATOS SE Hardware Security Modules (HSM) Introduction
        11.4.4 ATOS SE Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.4.5 ATOS SE Recent Development
    11.5 Marvell Technology Group
        11.5.1 Marvell Technology Group Company Detail
        11.5.2 Marvell Technology Group Business Overview
        11.5.3 Marvell Technology Group Hardware Security Modules (HSM) Introduction
        11.5.4 Marvell Technology Group Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.5.5 Marvell Technology Group Recent Development
    11.6 Westone Information Industry
        11.6.1 Westone Information Industry Company Detail
        11.6.2 Westone Information Industry Business Overview
        11.6.3 Westone Information Industry Hardware Security Modules (HSM) Introduction
        11.6.4 Westone Information Industry Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.6.5 Westone Information Industry Recent Development
    11.7 Ultra Electronics
        11.7.1 Ultra Electronics Company Detail
        11.7.2 Ultra Electronics Business Overview
        11.7.3 Ultra Electronics Hardware Security Modules (HSM) Introduction
        11.7.4 Ultra Electronics Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.7.5 Ultra Electronics Recent Development
    11.8 Sansec Technology
        11.8.1 Sansec Technology Company Detail
        11.8.2 Sansec Technology Business Overview
        11.8.3 Sansec Technology Hardware Security Modules (HSM) Introduction
        11.8.4 Sansec Technology Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.8.5 Sansec Technology Recent Development
    11.9 Synopsys, Inc
        11.9.1 Synopsys, Inc Company Detail
        11.9.2 Synopsys, Inc Business Overview
        11.9.3 Synopsys, Inc Hardware Security Modules (HSM) Introduction
        11.9.4 Synopsys, Inc Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.9.5 Synopsys, Inc Recent Development
    11.10 Futurex
        11.10.1 Futurex Company Detail
        11.10.2 Futurex Business Overview
        11.10.3 Futurex Hardware Security Modules (HSM) Introduction
        11.10.4 Futurex Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.10.5 Futurex Recent Development
    11.11 Keyou
        11.11.1 Keyou Company Detail
        11.11.2 Keyou Business Overview
        11.11.3 Keyou Hardware Security Modules (HSM) Introduction
        11.11.4 Keyou Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.11.5 Keyou Recent Development
    11.12 Beijing Dean Information Technology
        11.12.1 Beijing Dean Information Technology Company Detail
        11.12.2 Beijing Dean Information Technology Business Overview
        11.12.3 Beijing Dean Information Technology Hardware Security Modules (HSM) Introduction
        11.12.4 Beijing Dean Information Technology Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.12.5 Beijing Dean Information Technology Recent Development
    11.13 Fortanix
        11.13.1 Fortanix Company Detail
        11.13.2 Fortanix Business Overview
        11.13.3 Fortanix Hardware Security Modules (HSM) Introduction
        11.13.4 Fortanix Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.13.5 Fortanix Recent Development
    11.14 Securosys
        11.14.1 Securosys Company Detail
        11.14.2 Securosys Business Overview
        11.14.3 Securosys Hardware Security Modules (HSM) Introduction
        11.14.4 Securosys Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.14.5 Securosys Recent Development
    11.15 Yubico
        11.15.1 Yubico Company Detail
        11.15.2 Yubico Business Overview
        11.15.3 Yubico Hardware Security Modules (HSM) Introduction
        11.15.4 Yubico Revenue in Hardware Security Modules (HSM) Business (2019-2024)
        11.15.5 Yubico Recent Development

 12 Analyst's Viewpoints/Conclusions

 13 Appendix
    13.1 Research Methodology
        13.1.1 Methodology/Research Approach
        13.1.2 Data Source
    13.2 Disclaimer
    13.3 Author Details

Published By : QY Research

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