Global Hardware Security Module Market Segment Analysis, Opportunity Assessment, Competitive Intelligence and Industry Outlook, 2016-2023
The global Hardware Security Module Market is expected to reach US$ 1020.1 Mn during the forecast period. The market is growing owing to increasing cyber-attacks and data breaches taking place in organizations. Increasing digitization in BFSI, healthcare, IT, telecom, and other industries are resulting in the generation of crypto keys, which can be protected by using a hardware security module. Cryptographic functions such as key generation, encryption, decryption, hashing, and others can be performed using the hardware security module. The market for hardware security modules is driven by growing investments in solutions for cyber security by organizations. Rising cyber-attacks in banking, healthcare, government, and other sectors have made it essential for these industries to use hardware security modules. Industries where online payment is accepted, cyber security and the requirement for safe cryptographic keys are major concerns, which can be handled by using har...