Published Date: 28-Feb-2023
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According to a new report, published by KBV research, The Global Hardware Secure Module (HSM) Adapters Market size is expected to reach $2.4 billion by 2028, rising at a market growth of 11.7% CAGR during the forecast period.
The Retail segment is showcasing a CAGR of 11.5% during (2022 - 2028). A wide range of goods that are the producers' intellectual property is included in the retail vertical. As a result of weak security of code updates, hackers can insert software code or embezzle data from the production line, so the protection of such information cannot solely rely on a software system. Additionally, they may be able to access private customer data, steal or alter production data, or take over factory software. By integrating security modules into hardware, sensitive product data theft is prevented. Therefore, the increased use of HSM adapters is promoting the expansion of the segment.
The LAN Based / Network Attached segment is generating highest revenue share in the Global Hardware Secure Module (HSM) Adapters Market by Type in 2021 thereby, achieving a market value of $810.7 Million by 2028. LAN-based HSMs are constructed on high-performance as well as secure network servers to provide encryption services and applications for digital signatures. This is done regardless of the operating system (OS) on which the servers reside.
The Asia Pacific market dominated the Global Hardware Secure Module (HSM) Adapters Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $937.9 Million by 2028. The Europe market is exhibiting a CAGR of 11.2% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 11% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/hardware-secure-module-adapters-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
Unique Offerings from KBV Research
North America Hardware Secure Module (HSM) Adapters Market size & Opportunities 2022-2028
Europe Hardware Secure Module (HSM) Adapters Market & Growth Forecast 2022-2028
Asia Pacific Hardware Secure Module (HSM) Adapters Market Share & Industry Outlook to 2028
LAMEA Hardware Secure Module (HSM) Adapters Market Growth, Trends & Forecasts 2022-2028