Global Hardware Security Modules Market
Hardware Security Modules Market Size And Forecast
According to Verified Market Research, The Global Hardware Security Modules Market was valued at USD 828.28 million in 2019 and is projected to reach USD 2031.31 million by 2027, growing at a CAGR of 12.8% from 2020 to 2027.
Global Hardware Security Modules Market Outlook
With the rise in the frequency and complexity of data security threats, the need for the implementation of a data security threat is prevalent. This is one of the major factors contributing to the growth of the market. There is a surge in technological advancements, which has created a demand for security solutions. However, the high deployment cost is anticipated to act as a barrier to the growth of the market during the forecast period.
Global Hardware Security Modules Market, Segment Analysis
The Global Hardware Security Modules Market is segmented on the basis of Type, Application, Industry, and Geography.
Global Hardware Security Modules Market Competitive Landscape
The Global Hardware Security Modules market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Gemalto NV Thales e-Security, Inc., Utimaco GmbH, International Business Machines Corporation, Hewlett-Packard Enterprise Development LP (U.S.) among others. Thales e-Security, Inc. is one of the top five players in the Hardware Security Modules market.
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