1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends
Hardware Security Modules Market by Type, Application, Industry, and Geography - Global Forecast to 2022

Hardware Security Modules Market: Global Forecast until 2022

  • March 2017
  • 151 pages
  • ID: 4805940
In this report:


Table of Contents

Search Inside

"The hardware security modules market is likely to grow at a compound annual growth rate (CAGR) of 12.87% during the forecast term"

The hardware security modules market is forecasted to reach $1101.20M by 2022, at a compound annual growth rate of ~12.9 percent during the forecast period. The increase of the market is influenced by several Elements such as the growth in data breaches and cyberattacks, mandates for HSM manufacturers to comply with internal and external privacy and data security regulations, and effective management of cryptographic keys. Nevertheless, Elements such as the cost combined with the hardware security modules is anticipated to limit the market increase for a short period of time.

"USB-based/portable HSM would witness a high increase rate during the outlook period"

The industry for USB-based/portable HSM is anticipated to increase at the highest CAGR (Compound annual growth rate) between 2017 and 2022. The USB-based/portable HSMs are ideally suitable for offline situations where the HSM is stored in a physical safe when not in use, or where the HSM is required to be portable. USB-based HSMs enable institutions to offer high-assurance cryptographic solutions in a cost-effective way. Portability and USB connectivity make USB-based HSMs especially suitable for use with laptops, workstations, or desktops, resulting in the maximum growth rate during the estimate period.

"Payment processing type application market would witness a high market size"

The payment processing type application held the biggest industry size during the outlook period. The emergence of digital transactions, electronic payments, and the need to safeguard the most sensitive financial data results into the most important market share of the payment processing application. To keep systems and internal processes flexible and scalable, HSMs have been specially designed to meet the industry standards and regulatory requirement with respect to the payment processing resulting into the high increase rate for payment processing application during the estimate period.

"EU would dominate the HSM market, while Latin America area is anticipated to rise at the maximal rate during the outlook period"

Europe (EU) held the biggest share of the hardware security modules market in 2016 due to the presence of main vendors of hardware security modules and high regulatory compliance in the territory. The sector in Latin America area is anticipated to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022. The increase of the hardware security modules market in Latin America area is influenced by the increasing adoption of modern technologies including cloud computing and IoT as well as the government initiatives for protecting the sensitive data by formulating data security standards.

Given below is the breakdown of the profile of the primary participants in terms of distinct parameters considered:

• By Company category: Tier 1 - 25.0 percent, Tier 2 - 40.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite executives - 50.0 percent, Directors - 32.0 percent, and Others - 18.0 percent

• By Area: North Americas - 32.0 percent, EU - 30.0 percent, Asia-Pacific - 24.0 percent, and MEA & LA - 14%.

The top players operating in this sector contain Gemalto NV, Thales e-Security, Incorporated, Utimaco GmbH, International Business Machines (NYSE:IBM), FutureX, Hewlett Packard Enterprise Development LP SWIFT, Atos SE, Ultra-Electronics, and Yubico.

Segment Research

In this business report, different segments including type, application, sector, and territory have been covered. It also considers the drivers, industry restraints, possibilities, and opportunities pertaining to the market. The analysis contributes a in-depth view of the market across five main regions: North America continent, Europe (EU), Asia-Pac, Middle East (ME) and African continent, and Latin America area. The Porter's five forces analysis has been included in the market research, together with the description of each of its forces and their impact on the said market.

Why Purchasing This Study Can Help You:

• this business report includes the hardware security modules market sizing in terms of value importance on the basis of category, application, market, and area and shipment/quantity on the basis of class.

• The Porter's five forces analysis, value chain study, and top strategies approved by the key market players have been provided for the hardware security modules market.

• The main drivers, market restraints, alternatives and, opportunities for the hardware security modules market have been provided in detail in this industry report.

• The report includes figures of segmentation, review, and estimate for the hardware security modules market established on its segments and sub-segments.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Hardware Security Module  Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

Hardware Security Module Industry: Forecasts to 2026

  • $ 5795
  • Industry report
  • May 2018
  • by Transparency Market Research

Hardware Security Module (HSM) Market: OverviewThe hardware security module (HSM) report provides analysis for the period 2016 – 2026, wherein 2018 to 2026 are the forecast years and 2017 is the base ...

Alternative Payment Solution: ELV

Alternative Payment Solution: ELV

  • $ 350
  • Industry report
  • March 2018
  • by GlobalData

Alternative Payment Solution: ELVSummaryElektronisches Lastschriftverfahren (ELV) is an electronic direct debit system in Germany. Launched in the 1980s by a group of merchants, in 2016 it accounted fo ...

Next Generation Mobile Payments: Smartphones, Wearables, and Implantable Technology 2018 - 2023

Next Generation Mobile Payments: Smartphones, Wearables, and Implantable Technology 2018 - 2023

  • $ 1995
  • Industry report
  • October 2017
  • by Mind Commerce Publishing

Overview:The global mobile payment segment has experienced exceptional growth in the last five years, establishing a $600B market by 2017. The market has moved well-beyond its origins of niche status and ...


Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on