Adoption of Data security Means by Enterprises Encourages Growth in Hardware Security Module Market


Published on : Jun 19, 2018

Albany, New York, June 19, 2018: With considerable progress in cryptography, need for high-end digital security remains escalated. This has contributed significantly towards the growth of hardware security module market which is extensively used in hardware to enable secure cryptographic functions. Market Research Hub (MRH) in its latest report titled, ‘Hardware Security Module (HSM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026’, evaluates the impact of recent developments on the growth of hardware security module market.

Cloud-based Hardware Security Module: Top Trend in Hardware Security Module Market

Vendors in hardware security module market are concentrating resources to offer improved features such as secure cryptographic algorithm, key protection, validation, and key backup that meet industry specific end-user expectations. Enablement of cloud-based advanced hardware module for small and big enterprises secures their position in the competitive landscape of hardware security module market.

According to a recent report, Utimaco, a global leader in hardware security module (HSM) market is all set to introduce its CryptoServer Cloud HSM. This new product offering will be available as a service offering that is aimed at revolutionizing secure multi-cloud environments. This new development is aimed at enabling secure, user-friendly cloud-based applications. With this enhanced product line, the company envisions to continue its dominance in hardware security module market.

Additionally, Futurex, another forerunner in hardware security module market has extended its product line for hardware security module with Excrypt Plus and Excrypt SSP Enterprise v.2. These novel innovations are envisioned to improve financial hardware security module and withstand any data security breach in financial enterprises.

Comprehensive research findings outlined in the report brief readers about various segments prevalent in hardware security module market. This section enlists three key segments in the market which include, type, application, and verticals. Based on type, the hardware security module market is sectioned as local interface, remote interface, USB token, and smart cards. Based on application, hardware security module market is fragmented as authentication, database encryption, document signing, secure sockets layer (SSL), code signing, PKI/credential management, payments processing, and application level encryption. On the basis of industry verticals, hardware security module market is split as BFSI, government, technology and communication, industrial and manufacturing, energy and utility, retail and consumer products, healthcare & life sciences, and others (transportation, automotive, and hospitality). Detailed report components aid readers in identifying the segment that contributes maximum towards revenue generation in hardware security module market. Also, readers can gain vital insights on the impact of these segments on market growth.

Besides segmentation, the report briefs readers about regional segmentation present in hardware security module market. Based on region, the hardware security module market is bifurcated as Europe, North America, South America, Asia-Pacific, and Middle East and Africa. Based on these research findings readers are enlightened about business tactics administered by leading players in various regions of hardware security module market, and the impact of these tactics on customer response and growth of hardware security module market.

Competitive Landscape in Hardware Security Module Market

Veritable insights encapsulated in the report enlighten readers about profit oriented policies implemented by leading players to incur profit in hardware security module market, and also to influence customer preferences and their subsequent purchase policies. New and existing players in hardware security module market can carry about detailed analysis of these marketing tactics and draw vital perspectives that will aid them in incorporating profit driven investment policies and garner them durable profit in hardware security module market. Key players in hardware security module market are, Utimaco GmbH, Futurex, Thales e-Security, Inc., Gemalto NV, and IBM Corporation amongst others.

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