Call for 100% data Security to drive the HSM-as-a-Service market, reaching US$ 1.67 Billion by the year 2032 at a stellar CAGR of 14.3% in the forecast period 2023 to 2033 | Report by Future Market Insights, Inc.

Published Via 11Press : NEWARK, Del: The global HSM-as-a-Service market was worth US$ 442.6 Million in the year 2022 and is expected to reach US$ 1.67 Billion by year 2032 at a whopping CAGR of 14.3% between 2022 and 2032.

HSM-as-a-Service does provide consumers with extra layer of security for managing and storing data encryption keys; thereby getting away with on-premises actual hardware devices. The service actually acts as a general-purpose key vault to be applied in several use cases. As such, users could easily handle a broad spectrum of sophisticated use cases from cloud by employment of HSM-as-a-Service.

User-friendly interface is being adopted for incorporating blockchain transaction security system for the clients. The major requirement in future would that be of future-proofing hardware protection module with specialized and effective solutions that would address altering needs of customer.

At the same time, the fact that when a business program or any organization exposes sensitive data by mistake, it ends up giving out personal information of consumers, clients, and employees. If not adequately protected, this data could fall into wrong hands. This factor may restrain the HSM-as-a-Service market going forward.

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Future Market Insights, Inc. has walked through these facts with future prospects in its latest market study entitled ‘HSM-as-a-Service Market’. It has its line of expertise in the form of analysts and consultants to execute using an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With the growing demand for device authentication using digitization, the global HSM-as-a-Service market will continue to witness exponentiation in the forecast period”, says an analyst from Future Market Insights, Inc.

Key Takeaways for HSM-as-a-Service Market

• Europe holds a sizable market share with France, Germany, and the UK leading from the front. This could be attributed to tabling cutting-edge technologies such as IoT, 5G, and AI (Artificial Intelligence) in the wake of cyberattacks targeting European banking and retail verticals. For example – The Works, in April 2022, witnessed a cyberattack, thereby compelling the company to shut down the locations and halt the replenishment deliveries.
• The Asia-Pacific is expected to grow at the quickest rate in the HSM-as-a-Service market with countries like China, India, and Japan continuously witnessing cyberattacks.
• North America is witnessing steadiness in HSM-as-a-Service market with companies like Entrust Corporation expanding hardware security module service termed as ‘nShield as a Service’. Two data centers were established in 2021 in Australia as a response to rising demand for cloud-based HSM services.

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Competitive Services

• Infineon Technologies AG, in October 2021, came up with SLS37 V2X hardware security module, which comes across as a plug-and-play security solution for V2X (vehicle-to-everything communication). This product is actually based on a highly secured, tamper-resistant microcontroller for meeting the security requirements of the V2X applications.
• Futurex, in June 2022, did unleash a hardware security module solution for VirtuCrypt financial cloud platform. The critical payment system cryptography-related requirements are thus supported this way.
• Infineon Technologies AG, in January 2022, came up with Aurix TC4x. It does offer improved connectivity along with advanced security and safety. Plus, Software Over the Air (SOTA) functions do assist the carmakers in catering to the demands for secure and quick car-to-cloud connection.
• Ultimaco, in June 2021, completed the acquisition of Realsec. The latter would be providing expertise in HSM, key management, regulations, and compliance to the former.
• Thales, in November 2021, did release Luna network HSM 7.12. It comprises several components like Luna T-series appliance software 7.12.0, Luna Client 7.12.0, Luna T7 Crypto Module firmware, and Luna User Documentation Revision G. These updates do offer cryptographic mechanisms.
• IBM< in June 2022, inked an agreement with Siam Commercial Bank for improvising on the security of platform’s several digital transactions.
• Thales, in June 2022, announced helping NAVER Cloud by introducing the very first Korean sovereign cloud HSM-as-a-Service. Thales’ Luna Network Hardware Security Module empowers it.

What Does the Report Cover?

• The research study is based on service type (self-managed and fully managed), enterprise size (large enterprises and SMEs), and industry (telecom, BFSI, healthcare, manufacturing, and likewise).
• The call for utmost safety relating to sensitive data, especially in the multi-cloud environment, is expected to take the HSM-as-a-Service market going forward.

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Key Companies Profiled

• Entrust Corporation
• Utimaco
• IBM Corporation
• Thales
• Futures
• Fortanix
• Atos
• Security
• Ultra Electronics
• Yubico
• Syprus Inc.
• Kryptos
• Nitrokey
• Adweb Technologies
• Sansec

HSM-as-a-Service Market Outlook by Category

By Service Type:

• Fully Managed
• Self-Managed

By Enterprise Size:

• Large Enterprises
• Small and Mid-Sized Enterprises (SMEs)

By Industry:

• BFSI
• Telecom
• Healthcare
• Manufacturing
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report! https://www.futuremarketinsights.com/checkout/15484

Table of Content (TOC)

1. Executive Summary | HSM-as-a-Service Market

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Service Type Innovation / Development Trends

4. Pricing Analysis

    4.1. Types of Pricing Models, By Service

    4.2. Global Pricing Analysis Benchmark

5. Global Market Demand (in Value in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032

    5.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021

    5.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Market Background

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About Future Market Insights, Inc.

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