Blogs
on October 4, 2023
The global Network-based Hardware Security Modules Market is forecast to reach a market size of USD 1,916.5 Million in 2027, and register a significantly high revenue CAGR over the next seven years, according to a latest report by Reports and Data. Rising demand for Portable Portable Network-based Hardware Security Modules can be attributed to increasing adoption of digital payment methods globally. Portable Portable Network-based Hardware Security Modules are mostly used by the banking and financial services industry to provide a high protection level for customer/client PINs and cryptographic keys used in EMV chip and magnetic stripe cards, as well as their corresponding applications used in smart devices. Also, Portable Portable Network-based Hardware Security Modules are used in secure processing of payments done using cards (debit and credit cards) and e-wallets. Portable Portable Network-based Hardware Security Modules normally provide native support associated with cryptography for all leading payment applications.
Additionally, Portable Portable Network-based Hardware Security Modules significantly improve transaction throughput by managing high volumes of asymmetric and symmetric encryption, which is a crucial prerequisite of payments initiatives, including 3-D Secure and MasterCard CAP.
To download a PDF sample copy of the report, visit @ https://www.reportsanddata.com/download-free-sample/3778
In the Portable Network-based Hardware Security Modules (HSM) market, there are different product types, including network-based HSMs, embedded HSMs, and portable HSMs. Among these segments, the portable Portable Network-based Hardware Security Modules are anticipated to experience the fastest growth rate during the forecast period.
Portable Portable Network-based Hardware Security Modules are gaining substantial attention in the market due to several advantages they offer. These advantages include ease of usage, portability, compact size, and low cost. Portable HSMs are designed to be easily transported and can be connected to various systems or devices when needed.
One of the key reasons for the increasing popularity of portable HSMs is their support for applications such as low volume root key generation. Root keys are crucial in cryptographic systems, and the ability of portable HSMs to generate them in low volumes makes them suitable for smaller-scale deployments or scenarios where a limited number of keys are required.
Overall, the portable Portable Network-based Hardware Security Modules segment is expected to witness significant growth in the market due to its convenience, affordability, and compatibility with various applications, including low volume root key generation.
Top Companies Operating in the Global Network-based Hardware Security Modules Market:
Hewlett Packard Enterprise Company, Ultimaco GmbH, Atos SE, SWIFT, Yubico, Futurex, Thales E-Security Inc., IBM Corporation, Ultra Electronics, and CardContact Systems GmbH.
By implementing HSMs, cryptographic operations associated with the authentication process can be carried out inside a FIPS 140-2 Level 3 secure equipment. This offers enhanced security from unauthorized access, making HSMs an ideal solution for organizations seeking to bolster their security posture and safeguard sensitive data.
Inquiry before buying @ https://www.reportsanddata.com/inquiry-before-buying/3778
The global market is further segmented into type and application:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Network-based Portable Portable Network-based Hardware Security Modules
- Portable Portable Portable Network-based Hardware Security Modules
- Portable Portable Portable Network-based Hardware Security Modules
Application Outlook (Revenue, USD Billion; 2017-2027)
- Payment Processing
- Secure Socket Layer
- Transport Layer Security
- Code and Document Signing
- Database Encryption
- Authentication
- Application Level Encryption
- Credential Management
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
- BFSI
- IT & Telecommunications
- Manufacturing
- Government
- Energy & Utilities
- Healthcare
- Retail
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Takeaways of the Competitive Overview Section:
- Overview of the company profiles of each market player
- Industrial chain analysis of each player
- Revenue share contribution
- Sales network and distribution channels and net profits and losses of each company
- Key business growth strategies are undertaken by these players
Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/3778
Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.
Explore More Industry Research by Reports and Data:
Automotive Surround View Camera Market - https://www.reportsanddata.com/report-detail/automotive-surround-view-camera-market
Gaming Desktop Market - https://www.reportsanddata.com/report-detail/gaming-desktop-market
Embedded Processor Market - https://www.reportsanddata.com/report-detail/embedded-processor-market
Indoor Positioning System Market - https://www.reportsanddata.com/report-detail/indoor-positioning-system-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
Browse More ICT Industry Related Reports @ https://www.reportsanddata.com/report/category/information-technology
Browse More Automotive and Transportation Industry Related Reports @ https://www.reportsanddata.com/report/category/automotive-services
Browse More Banking, Financial Services & Insurance (BFSI) Industry Related Reports @ https://www.reportsanddata.com/report/category/bfsi
Browse More Defence And Space Industry Related Reports @ https://www.reportsanddata.com/report/category/defence-and-space
Posted in: Sports, Technology