The Europe Hardware Secure Module (HSM) Adapters Market would witness market growth of 11.2% CAGR during the forecast period (2022-2028).
HSMs may contain features that make tampering difficult without rendering the device useless, such as tamper evidence like visual signs of tampering or alerting and logging, tamper resistance, or tamper responsiveness, like destroying keys upon detection of tamper. To guard against tampering and bus probing, each module contains secure cryptoprocessor chips in the counts of one or more or a combination of cryptoprocessor chips in a module protected by tamper-evident, tamper-resistant, or tamper-responsive packaging.
Most HSMs on the market today are primarily made to handle secret keys. Many HSM solutions have backup plans for the keys they control outside of the HSM. Keys can be externally stored on a secure portable device, like a smartcard or some other security token, or internally stored on a computer disc and other media in an encrypted format. Given that they are used for real-time authentication and authorization within critical infrastructure, HSMs are frequently designed to accommodate popular high-availability models like automatic failover, redundant field-replaceable, or clustering components.
The French government has started making significant changes to its cybersecurity regulations. For instance, telecom businesses can search their networks for technological indicators of impending or existing attacks. Additionally, the primary purpose of the encrypted things is to protect the security of the sent or stored data while maintaining its integrity and confidentiality. The regulations provide that before encrypted files are exported or imported to or from France, they must go through either a disclosure or an authorization process. All these factors are promoting the growth of the region's hardware security module (HSM) adapters market.
The Germany market dominated the Europe 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 $140.3 Million by 2028. The UK market is anticipated to grow at a CAGR of 10.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 12% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hardware Secure Module (HSM) Adapters Market will Hit $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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