The Asia Pacific Hardware Secure Module (HSM) Adapters Market would witness market growth of 12.1% CAGR during the forecast period (2022-2028).
A vast range of retail and consumer goods industries use HSM adapters since inadequate code security updates enable hackers to steal data from the manufacturing line or enter software code. Hence, the security of such information could become exclusively reliant on a software system. They may also be able to falsify client data, steal production or usage data, and seize command of manufacturing software.
Additionally, in many industries, managing digital rights is essential since the black market sale of copies of unlicensed products bearing white labeling or authentic branding can result in significant financial losses and harm the business's reputation. The integration of HSM adapters prevents important product information theft.
In addition, hardware security modules offer services, including PIN card processing, comprehensive key management, message authentication, and general-purpose cryptographic. Additionally, HSM adapters are also used in payment processing. A computer process or system validates and approves or rejects the transactions on account of the merchant using an encrypted Internet connection, in most cases as a third-party service.
In this region, China is predicted to become a prominent market for hardware secure module (HSM) adapters, owing to a sharp increase in investment by major companies and governmental organizations in security solutions to protect against cyberattacks and data breaches. Similarly, due to the pressing need for data protection, Japan is expected to have a significant demand for HSM. In addition, growth will also be fueled by the expanding use of HSMs for decryption, encryption, and key management applications by businesses across the nation. Most mid-sized and small-sized firms in Japan are switching to cloud-based HSM since their implementation is thought to be more practical and affordable. Due to these aspects, the regional hardware security module (HSM) adapters market is expanding.
The China market dominated the Asia Pacific 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 $263.2 Million by 2028. The Japan market is estimated to grow a CAGR of 11.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 12.8% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Hardware Secure Module (HSM) Adapters Market is Projected to reach USD 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.
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