The North America Hardware Secure Module (HSM) Adapters Market would witness market growth of 11.0% CAGR during the forecast period (2022-2028).
HSMs are used by businesses to segregate cryptographic operations relevant to transactions, identities, and applications from routine operations and to manage access to those processes. For instance, a business might utilize an HSM to protect intellectual property or trade secrets by guaranteeing that only authorized users can use the HSM to carry out a transfer of a cryptography key.
The concept of key management as a service (KMaaS) has developed to protect encryption keys in various cloud contexts. These services provide centralized, on-demand HSM-level tools without the requirement to provision hardware. A company can use the same KMaaS to install and maintain the encryption keys it requires across numerous cloud suppliers' services as it grows and broadens the cloud services it utilizes.
KMaaS products provide a number of APIs and uphold the same requirements as on-premises HSMs. In addition, these systems manage encryption keys at a node at the digital edge, reducing latency and enhancing application performance. Along with smaller businesses like Entrust and Thales, major corporations like AWS, Google, IBM, and Microsoft provide cloud KMaaS solutions. As the demand for these solutions increase, it will raise the demand for HSM adapters from the hosts’ side.
The number of linked devices is increasing in several regional nations. Additionally, regional administrations are working harder to integrate their economies. According to the US government, on January 10, 2018, The Connected Federal Act (H.R.2331), which requires mobile-friendliness for recently constructed and updated government agency websites, was signed into law. A report on how agencies might implement the statute and assess their compliance was submitted to Congress in 2019 by the General Services Administration (GSA) and the Office of Management and Budget (OMB). OMB Memorandum M-17-06, Guidelines for Federal Agency Public Websites and Digital Services, is codified in the new law. Therefore, in the coming years, the increasing demand for network security presents immense growth opportunities for regional market.
The US market dominated the North America Hardware Secure Module (HSM) Adapters Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $488.5 Million by 2028. The Canada market is poised to grow at a CAGR of 13.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12.5% during (2022 - 2028).
Based on Industry, the market is segmented into BFSI, Retail, Transportation, Aerospace & Defense and Others. Based on Type, the market is segmented into LAN Based / Network Attached, USB Based, PCI Based and Smart Cards. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hardware Secure Module (HSM) Adapters Market is Estimated to reach $2.4 Billion by 2028, at a CAGR of 11.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Microchip Technology, Inc., Infineon Technologies AG, Atos Group, Hewlett Packard Enterprise Company(HP Development Company L.P.), IBM Corporation, Futurex LP, STMicroelectronics N.V., Utimaco Management GmbH (SGT Capital), and Securosys SA.
Scope of the Study
Market Segments Covered in the Report:
By Industry
- BFSI
- Retail
- Transportation
- Aerospace & Defense
- Others
By Type
- LAN Based / Network Attached
- USB Based
- PCI Based
- Smart Cards
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Thales Group S.A.
- Microchip Technology, Inc.
- Infineon Technologies AG
- Atos Group
- Hewlett Packard Enterprise Company(HP Development Company L.P.)
- IBM Corporation
- Futurex LP
- STMicroelectronics N.V.
- Utimaco Management GmbH (SGT Capital)
- Securosys SA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Hardware Secure Module (HSM) Adapters Market, by Industry
1.4.2 North America Hardware Secure Module (HSM) Adapters Market, by Type
1.4.3 North America Hardware Secure Module (HSM) Adapters Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Hardware Secure Module (HSM) Adapters Market by Industry
3.1 North America BFSI Market by Country
3.2 North America Retail Market by Country
3.3 North America Transportation Market by Country
3.4 North America Aerospace & Defense Market by Country
3.5 North America Others Market by Country
Chapter 4. North America Hardware Secure Module (HSM) Adapters Market by Type
4.1 North America LAN Based / Network Attached Market by Country
4.2 North America USB Based Market by Country
4.3 North America PCI Based Market by Country
4.4 North America Smart Cards Market by Country
Chapter 5. North America Hardware Secure Module (HSM) Adapters Market by Country
5.1 US Hardware Secure Module (HSM) Adapters Market
5.1.1 US Hardware Secure Module (HSM) Adapters Market by Industry
5.1.2 US Hardware Secure Module (HSM) Adapters Market by Type
5.2 Canada Hardware Secure Module (HSM) Adapters Market
5.2.1 Canada Hardware Secure Module (HSM) Adapters Market by Industry
5.2.2 Canada Hardware Secure Module (HSM) Adapters Market by Type
5.3 Mexico Hardware Secure Module (HSM) Adapters Market
5.3.1 Mexico Hardware Secure Module (HSM) Adapters Market by Industry
5.3.2 Mexico Hardware Secure Module (HSM) Adapters Market by Type
5.4 Rest of North America Hardware Secure Module (HSM) Adapters Market
5.4.1 Rest of North America Hardware Secure Module (HSM) Adapters Market by Industry
5.4.2 Rest of North America Hardware Secure Module (HSM) Adapters Market by Type
Chapter 6. Company Profiles
6.1 IBM Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional & Segmental Analysis
6.1.4 Research & Development Expenses
6.1.5 SWOT Analysis
6.2 Atos Group
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Acquisition and Mergers:
6.2.5 SWOT Analysis
6.3 Hewlett Packard Enterprise Company (HP Development Company L.P.)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 SWOT Analysis
6.4 Thales Group S.A.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research and Development Expense
6.4.5 Recent strategies and developments:
6.4.5.1 Partnerships, Collaborations, and Agreements:
6.5 Microchip Technology Incorporated
6.5.1 Company overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Product Launches and Product Expansions:
6.6 Infineon Technologies AG
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.7 STMicroelectronics N.V.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expense
6.8 Utimaco Management GmbH (SGT Capital)
6.8.1 Company Overview
6.8.2 Recent strategies and developments:
6.8.2.1 Partnerships, Collaborations, and Agreements:
6.8.2.2 Acquisition and Mergers:
6.9 Securosys SA
6.9.1 Company Overview
6.10. Futurex LP
6.10.1 Company Overview
TABLE 1 North America Hardware Secure Module (HSM) Adapters Market, 2018 - 2021, USD Million
TABLE 2 North America Hardware Secure Module (HSM) Adapters Market, 2022 - 2028, USD Million
TABLE 3 North America Hardware Secure Module (HSM) Adapters Market by Industry, 2018 - 2021, USD Million
TABLE 4 North America Hardware Secure Module (HSM) Adapters Market by Industry, 2022 - 2028, USD Million
TABLE 5 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 6 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Transportation Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Transportation Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Hardware Secure Module (HSM) Adapters Market by Type, 2018 - 2021, USD Million
TABLE 16 North America Hardware Secure Module (HSM) Adapters Market by Type, 2022 - 2028, USD Million
TABLE 17 North America LAN Based / Network Attached Market by Country, 2018 - 2021, USD Million
TABLE 18 North America LAN Based / Network Attached Market by Country, 2022 - 2028, USD Million
TABLE 19 North America USB Based Market by Country, 2018 - 2021, USD Million
TABLE 20 North America USB Based Market by Country, 2022 - 2028, USD Million
TABLE 21 North America PCI Based Market by Country, 2018 - 2021, USD Million
TABLE 22 North America PCI Based Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Smart Cards Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Smart Cards Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Hardware Secure Module (HSM) Adapters Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Hardware Secure Module (HSM) Adapters Market by Country, 2022 - 2028, USD Million
TABLE 27 US Hardware Secure Module (HSM) Adapters Market, 2018 - 2021, USD Million
TABLE 28 US Hardware Secure Module (HSM) Adapters Market, 2022 - 2028, USD Million
TABLE 29 US Hardware Secure Module (HSM) Adapters Market by Industry, 2018 - 2021, USD Million
TABLE 30 US Hardware Secure Module (HSM) Adapters Market by Industry, 2022 - 2028, USD Million
TABLE 31 US Hardware Secure Module (HSM) Adapters Market by Type, 2018 - 2021, USD Million
TABLE 32 US Hardware Secure Module (HSM) Adapters Market by Type, 2022 - 2028, USD Million
TABLE 33 Canada Hardware Secure Module (HSM) Adapters Market, 2018 - 2021, USD Million
TABLE 34 Canada Hardware Secure Module (HSM) Adapters Market, 2022 - 2028, USD Million
TABLE 35 Canada Hardware Secure Module (HSM) Adapters Market by Industry, 2018 - 2021, USD Million
TABLE 36 Canada Hardware Secure Module (HSM) Adapters Market by Industry, 2022 - 2028, USD Million
TABLE 37 Canada Hardware Secure Module (HSM) Adapters Market by Type, 2018 - 2021, USD Million
TABLE 38 Canada Hardware Secure Module (HSM) Adapters Market by Type, 2022 - 2028, USD Million
TABLE 39 Mexico Hardware Secure Module (HSM) Adapters Market, 2018 - 2021, USD Million
TABLE 40 Mexico Hardware Secure Module (HSM) Adapters Market, 2022 - 2028, USD Million
TABLE 41 Mexico Hardware Secure Module (HSM) Adapters Market by Industry, 2018 - 2021, USD Million
TABLE 42 Mexico Hardware Secure Module (HSM) Adapters Market by Industry, 2022 - 2028, USD Million
TABLE 43 Mexico Hardware Secure Module (HSM) Adapters Market by Type, 2018 - 2021, USD Million
TABLE 44 Mexico Hardware Secure Module (HSM) Adapters Market by Type, 2022 - 2028, USD Million
TABLE 45 Rest of North America Hardware Secure Module (HSM) Adapters Market, 2018 - 2021, USD Million
TABLE 46 Rest of North America Hardware Secure Module (HSM) Adapters Market, 2022 - 2028, USD Million
TABLE 47 Rest of North America Hardware Secure Module (HSM) Adapters Market by Industry, 2018 - 2021, USD Million
TABLE 48 Rest of North America Hardware Secure Module (HSM) Adapters Market by Industry, 2022 - 2028, USD Million
TABLE 49 Rest of North America Hardware Secure Module (HSM) Adapters Market by Type, 2018 - 2021, USD Million
TABLE 50 Rest of North America Hardware Secure Module (HSM) Adapters Market by Type, 2022 - 2028, USD Million
TABLE 51 Key information – IBM Corporation
TABLE 52 key information – Atos Group
TABLE 53 key information – Hewlett Packard Enterprise Company
TABLE 54 key information – Thales Group S.A.
TABLE 55 Key Information – Microchip Technology Incorporated
TABLE 56 Key Information – Infineon Technologies AG
TABLE 57 Key Information – STMicroelectronics N.V.
TABLE 58 Key Information –Utimaco Management GmbH
TABLE 59 Key Information – Securosys SA
TABLE 60 Key Information – Futurex LP
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: IBM Corporation
FIG 3 SWOT Analysis: Atos Group
FIG 4 SWOT analysis: Hewlett-Packard enterprise Company
FIG 5 Recent strategies and developments: Utimaco Management GmbH