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Hardware Security Modules Market Size Share forecast to 2026

The Hardware security modules market is expected to grow at a CAGR of 11.6 %, from USD 1.1 billion in 2021 to USD 1.8 billion in 2026. The primary reasons for this rise in demand for hardware security modules products in medical & life sciences and IT & telecommunications industry.

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Hardware Security Modules Market Size Share forecast to 2026

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  1. MarketsandMarkets Presents Hardware Security Modules Market with COVID-19 Impact Analysis by Deployment Type (On-premises, Cloud Based), Type (LAN Based/Network Attached, PCI Based, USB Based, Smart Cards ), Applications, Verticals and Geography - Global Forecast to 2026 The overall Hardware security modules market is expected to grow from USD 1.1 billion in 2021 to USD 1.8 billion by 2026, at a CAGR of 11.6%

  2. MarketsandMarkets Presents On-premises segment to hold the largest share of the Hardware security modules market, by deployment type, in 2021 A hardware security module is a physical device that manages digital keys by providing secure storage and generation of keys required for authentication. Hardware security modules generate and store encryption keys used among various devices. They have special hardware to create entropy and generate high-quality random keys. The main features of an on-premise hardware security module include on-board key generation and storage, accelerated symmetric and asymmetric encryption, and backup of sensitive materials in encrypted form. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162277475 The market for medical and life sciences sector to grow at the highest CAGR during the forecast period In the field of healthcare, hardware security modules are significant primarily for the telematics infrastructure (TI), such as that of the new electronic health card (eGK) in Germany. The main objective of eGK was to enable cross-system registration and processing and transmission of patient data between trusted participants such as physicians, care providers, medical practices, hospitals, pharmacies, and health insurers within a secure network.

  3. MarketsandMarkets Presents Europe to hold the largest share of Hardware security modules market by 2021 The European market for hardware security modules has been segmented into Germany, the UK, France, Italy, the Netherlands, and the Rest of Europe. The thriving BFSI, IT & Telecommunications, and medical and life sciences, along with the automotive industry in the region, act as an opportunity for the market. The growth of 4G LTE technology in the region and ongoing developments and smaller deployments of 5G infrastructure is expected to drive the need for enhanced network security, leading to increased demand for hardware security modules across the IT and telecommunications sector.

  4. MarketsandMarkets Presents A few key hardware security modules market players are Hewlett Packard Enterprise Development LP (US), Thales (US), Utimaco (Germany), International Business Machines Corporation (US), Microchip Technology (US), Infineon Technologies (Germany), Securosys (Switzerland), Spyrus (US), Futurex (US), SWIFT (Belgium), Atos SE (France), and Yubico (US). Know more @ https://www.marketsandmarkets.com/Market- Reports/hardware-security-modules-market-162277475.html

  5. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

  6. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

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