LAMEA Hardware Secure Module (HSM) Adapters Market

LAMEA Hardware Secure Module (HSM) Adapters Market Size, Share & Industry Trends Analysis Report By Industry, By Type (LAN Based / Network Attached, USB Based, PCI Based and Smart Cards), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13894 Publication Date: February-2023 Number of Pages: 83
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Market Report Description

The Latin America, Middle East and Africa Hardware Secure Module (HSM) Adapters Market would witness market growth of 14.8% CAGR during the forecast period (2022-2028).

Electronic or digital transactions are becoming more prevalent across various industries. Security procedures must be properly adhered to stop fraud. HSM adapters are also employed in securing electronic fund transfers (EFT) and PINs. These devices often have more limited communication interfaces than HSMs for common usage, and they typically provide cryptographic functionality for the payment systems of the majority of card brands.

The use of cloud systems as well as cloud-based services, is expected to witness an increase in the coming years, which has also enhanced the use of cloud-based HSM. This is mainly because of its capacity for cryptographic operations and ability to grant clients complete control over keys through the division of roles. Users of cloud-based HSMs can swiftly scale by adding and withdrawing HSM capacity as needed, all without incurring any upfront fees.

The region is seeing an increase in internet usage. Since banks, telecom landlines, and other forms of financial infrastructure have historically been lacking in Africa, the notion of success in this industry is largely dependent on technological advancements that do take place there. Africa will have more than 500 million online shoppers by 2025, according to the International Trade Administration. Mobile devices will account for 69% of all online traffic in Africa by 2021, and by 2040, it is predicted that they will control practically all of the market there. Africa will use mobile internet 13% more frequently than the rest of the world by 2021. In the upcoming years, it is projected that the region's rising internet and mobile phone usage, as well as the growing BFSI sector, will accelerate the demand for stronger security measures, propelling regional market expansion.

The Brazil market dominated the LAMEA 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 $43 Million by 2028. The Argentina market is experiencing a CAGR of 15.4% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 14.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Hardware Secure Module (HSM) Adapters Market is Predict 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

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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
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