The North America Hardware Security Modules Market would witness market growth of 12.1% CAGR during the forecast period (2022-2028).
HSMs may have tamper evidence, such as visual indicators of tampering or logging and alerting, tamper resistance, which makes tampering challenging without keeping the HSM inoperable or tamper responsiveness, such as deleting keys upon tamper detection. Each module comprises one or even more secure cryptoprocessor chips in order to prevent tampering and bus probing, or a combination of secure cryptoprocessor chips in a module secured by tamper resistant, tamper evident or tamper responsive packaging.
The vast majority of current HSMs are primarily designed to manage secret keys. Numerous HSM systems have backup mechanisms for the keys they manage outside of the HSM. Keys may be backed up in an encrypted format and saved on a computer disk as well as other media, or externally utilizing a secure portable device, such as a smartcard or other security token.
HSMs are often designed to support common high availability models, such as clustering, automatic failover, or redundant field-replaceable components, as they are utilized for real-time authorization and authentication within critical infrastructure. A number of the available HSMs are capable of executing custom-built modules inside the safe enclosure of the HSM. Such a capability is essential, for instance, for executing specialized algorithms or business logic in a safe and regulated environment.
In a range of regional countries, the volume of connected devices is growing. In addition, regional governments are intensifying their efforts to integrate their economies. The Connected Federal Act (H.R.2331), which mandates mobile-friendliness for recently developed and updated government agency websites, was signed into law on January 10, 2018, according to the United States government. The new law codifies OMB Memorandum M-17-06, Guidelines for Federal Agency Public Websites and Digital Services. This was an important step in the United States' path toward a more digital and networked economy. Due to an increasing number of connected devices throughout the region, the requirement for HSMs is rising and this factor is augmenting the growth of the regional market.
The US market dominated the North America Hardware Security Modules Market by Country in 2021; thereby, achieving a market value of $481.6 million by 2028. The Canada market is experiencing a CAGR of 14.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 13.7% during (2022 - 2028).
Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Application, the market is segmented into Payment Processing, Authentication, Database Encryption, Code & Document Signing, Application-level encryption, PKI & Credential Management, and Security Sockets Layer (SSL) & Transport Security Layer (TSL). Based on Type, the market is segmented into LAN Based/ Network Attached, PCI-Based/ Embedded Pluggins, and USB Based/ Portable & Smart Cards. Based on Vertical, the market is segmented into BFSI, Public Sector/ Government, Aerospace & Defense, and Medical & Life Sciences. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hardware Security Modules Market is Predict to reach $2.2 Billion by 2028, at a CAGR of 12.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Amazon.com, Inc., IBM Corporation, Microchip Technology, Inc., Thales Group S.A., Atos Group, Futurex LP, STMicroelectronics N.V., Lattice Semiconductor Corporation and Infineon Technologies AG
Scope of the Study
Market Segments Covered in the Report:
By Deployment Type
By Application
- Payment Processing
- Authentication
- Database Encryption
- Code & Document Signing
- Application-level encryption
- PKI & Credential Management
- Security Sockets Layer (SSL) & Transport Security Layer (TSL)
By Type
- LAN Based/ Network Attached
- PCI-Based/ Embedded Pluggins
- USB Based/ Portable & Smart Cards
By Vertical
- BFSI
- Public Sector/ Government
- Aerospace & Defense
- Medical & Life Sciences
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Amazon.com, Inc.
- IBM Corporation
- Microchip Technology, Inc.
- Thales Group S.A.
- Atos Group
- Futurex LP
- STMicroelectronics N.V.
- Lattice Semiconductor Corporation
- Infineon Technologies AG
TABLE 1 North America Hardware Security Modules Market, 2018 - 2021, USD Million
TABLE 2 North America Hardware Security Modules Market, 2022 - 2028, USD Million
TABLE 3 North America Hardware Security Modules Market by Deployment Type, 2018 - 2021, USD Million
TABLE 4 North America Hardware Security Modules Market by Deployment Type, 2022 - 2028, USD Million
TABLE 5 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 7 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 8 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Hardware Security Modules Market by Application, 2018 - 2021, USD Million
TABLE 10 North America Hardware Security Modules Market by Application, 2022 - 2028, USD Million
TABLE 11 North America Payment Processing Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Payment Processing Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Authentication Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Authentication Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Database Encryption Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Database Encryption Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Code & Document Signing Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Code & Document Signing Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Application-level encryption Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Application-level encryption Market by Country, 2022 - 2028, USD Million
TABLE 21 North America PKI & Credential Management Market by Country, 2018 - 2021, USD Million
TABLE 22 North America PKI & Credential Management Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Security Sockets Layer (SSL) & Transport Security Layer (TSL) Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Security Sockets Layer (SSL) & Transport Security Layer (TSL) Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Hardware Security Modules Market by Type, 2018 - 2021, USD Million
TABLE 26 North America Hardware Security Modules Market by Type, 2022 - 2028, USD Million
TABLE 27 North America LAN Based/ Network Attached Market by Country, 2018 - 2021, USD Million
TABLE 28 North America LAN Based/ Network Attached Market by Country, 2022 - 2028, USD Million
TABLE 29 North America PCI-Based/ Embedded Pluggins Market by Country, 2018 - 2021, USD Million
TABLE 30 North America PCI-Based/ Embedded Pluggins Market by Country, 2022 - 2028, USD Million
TABLE 31 North America USB Based/ Portable & Smart Cards Market by Country, 2018 - 2021, USD Million
TABLE 32 North America USB Based/ Portable & Smart Cards Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Hardware Security Modules Market by Vertical, 2018 - 2021, USD Million
TABLE 34 North America Hardware Security Modules Market by Vertical, 2022 - 2028, USD Million
TABLE 35 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 36 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Public Sector/ Government Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Public Sector/ Government Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Medical & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Medical & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Consumer Goods & Retail Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Consumer Goods & Retail Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Industrial Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Industrial Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Power & Energy Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Power & Energy Market by Country, 2022 - 2028, USD Million
TABLE 49 North America IT & Telecommunications Market by Country, 2018 - 2021, USD Million
TABLE 50 North America IT & Telecommunications Market by Country, 2022 - 2028, USD Million
TABLE 51 North America Transportation Market by Country, 2018 - 2021, USD Million
TABLE 52 North America Transportation Market by Country, 2022 - 2028, USD Million
TABLE 53 North America Hardware Security Modules Market by Country, 2018 - 2021, USD Million
TABLE 54 North America Hardware Security Modules Market by Country, 2022 - 2028, USD Million
TABLE 55 US Hardware Security Modules Market, 2018 - 2021, USD Million
TABLE 56 US Hardware Security Modules Market, 2022 - 2028, USD Million
TABLE 57 US Hardware Security Modules Market by Deployment Type, 2018 - 2021, USD Million
TABLE 58 US Hardware Security Modules Market by Deployment Type, 2022 - 2028, USD Million
TABLE 59 US Hardware Security Modules Market by Application, 2018 - 2021, USD Million
TABLE 60 US Hardware Security Modules Market by Application, 2022 - 2028, USD Million
TABLE 61 US Hardware Security Modules Market by Type, 2018 - 2021, USD Million
TABLE 62 US Hardware Security Modules Market by Type, 2022 - 2028, USD Million
TABLE 63 US Hardware Security Modules Market by Vertical, 2018 - 2021, USD Million
TABLE 64 US Hardware Security Modules Market by Vertical, 2022 - 2028, USD Million
TABLE 65 Canada Hardware Security Modules Market, 2018 - 2021, USD Million
TABLE 66 Canada Hardware Security Modules Market, 2022 - 2028, USD Million
TABLE 67 Canada Hardware Security Modules Market by Deployment Type, 2018 - 2021, USD Million
TABLE 68 Canada Hardware Security Modules Market by Deployment Type, 2022 - 2028, USD Million
TABLE 69 Canada Hardware Security Modules Market by Application, 2018 - 2021, USD Million
TABLE 70 Canada Hardware Security Modules Market by Application, 2022 - 2028, USD Million
TABLE 71 Canada Hardware Security Modules Market by Type, 2018 - 2021, USD Million
TABLE 72 Canada Hardware Security Modules Market by Type, 2022 - 2028, USD Million
TABLE 73 Canada Hardware Security Modules Market by Vertical, 2018 - 2021, USD Million
TABLE 74 Canada Hardware Security Modules Market by Vertical, 2022 - 2028, USD Million
TABLE 75 Mexico Hardware Security Modules Market, 2018 - 2021, USD Million
TABLE 76 Mexico Hardware Security Modules Market, 2022 - 2028, USD Million
TABLE 77 Mexico Hardware Security Modules Market by Deployment Type, 2018 - 2021, USD Million
TABLE 78 Mexico Hardware Security Modules Market by Deployment Type, 2022 - 2028, USD Million
TABLE 79 Mexico Hardware Security Modules Market by Application, 2018 - 2021, USD Million
TABLE 80 Mexico Hardware Security Modules Market by Application, 2022 - 2028, USD Million
TABLE 81 Mexico Hardware Security Modules Market by Type, 2018 - 2021, USD Million
TABLE 82 Mexico Hardware Security Modules Market by Type, 2022 - 2028, USD Million
TABLE 83 Mexico Hardware Security Modules Market by Vertical, 2018 - 2021, USD Million
TABLE 84 Mexico Hardware Security Modules Market by Vertical, 2022 - 2028, USD Million
TABLE 85 Rest of North America Hardware Security Modules Market, 2018 - 2021, USD Million
TABLE 86 Rest of North America Hardware Security Modules Market, 2022 - 2028, USD Million
TABLE 87 Rest of North America Hardware Security Modules Market by Deployment Type, 2018 - 2021, USD Million
TABLE 88 Rest of North America Hardware Security Modules Market by Deployment Type, 2022 - 2028, USD Million
TABLE 89 Rest of North America Hardware Security Modules Market by Application, 2018 - 2021, USD Million
TABLE 90 Rest of North America Hardware Security Modules Market by Application, 2022 - 2028, USD Million
TABLE 91 Rest of North America Hardware Security Modules Market by Type, 2018 - 2021, USD Million
TABLE 92 Rest of North America Hardware Security Modules Market by Type, 2022 - 2028, USD Million
TABLE 93 Rest of North America Hardware Security Modules Market by Vertical, 2018 - 2021, USD Million
TABLE 94 Rest of North America Hardware Security Modules Market by Vertical, 2022 - 2028, USD Million
TABLE 95 key information – Microsoft Corporation
TABLE 96 Key Information – Amazon.com, Inc.
TABLE 97 Key information – IBM Corporation
TABLE 98 key information – Atos Group
TABLE 99 Key Information – STMicroelectronics N.V.
TABLE 100 Key Information – Infineon Technologies AG
TABLE 101 Key Information – Microchip Technology, Inc.
TABLE 102 key information – Thales Group S.A.
TABLE 103 Key Information – Lattice Semiconductor Corporation
TABLE 104 Key Information – Futurex LP
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 SWOT Analysis: Microsoft Corporation
FIG 4 SWOT analysis: Amazon.com, Inc.
FIG 5 Swot analysis: IBM Corporation
FIG 6 SWOT Analysis: Atos Group
FIG 7 Swot analysis: stmicroelectronics n.v.
FIG 8 Swot analysis: INFINEON TECHNOLOGIES AG