Global Cloud Hardware Security Modules (HSM) Market by Type (Private Cloud, Public Cloud), By Application (Industrial and Manufacturing, BFSI, Government, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global cloud hardware security modules (HSM) market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based services and the need for data security and privacy. The private cloud segment is expected to hold the largest share of the global cloud hardware security modules (HSM) market in 2018, owing to its growing popularity among enterprises. However, public clouds are projected to grow at a higher CAGR during the forecast period as they offer more flexibility and scalability than private clouds. The industrial and manufacturing sector is expected to account for the largest share of the global cloud hardware security modules (HSM) market in 2018, followed by BFSI, government, and others sectors respectively. This can be attributed to increasing concerns about data breaches among these sectors due to rising cyber threats.



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Product Definition:

Cloud Hardware Security Modules (HSMs) are devices that provide secure key management for cloud applications. They are used to store and manage encryption keys, digital certificates, and other security tokens. Cloud Hardware Security Modules (HSMs) play a critical role in ensuring the security of cloud applications.

Private Cloud:

Private cloud is a term used to define a cloud computing system that offers its users the ability to deploy and run their own infrastructure. It provides services such as storage, computing power, networking and allows an organization's data center to be located anywhere in the world. The private cloud model is preferred by organizations that require dedicated hosting for business-critical functions or need control over security aspects of the environment they are using for business operations.

Public Cloud:

Public cloud is a group of remote computing services that can be accessed by any individual or organization. It provides shared pool of hardware and software resources that can be used to run applications and workloads. Public cloud providers include Amazon Web Services, Inc.; Microsoft Azure; Google Cloud Platform; IBM Bluemix; Cisco Systems, Inc.

Application Insights:

The industry has been segmented on the basis of application into government, healthcare, BFSI and others. The BFSI sector is expected to emerge as a dominant segment over the forecast period owing to increasing demand for robust security solutions from banks and financial institutions. The growth of this sector can be attributed to increased cyber-attacks that are aimed at gaining access to customer data or robbing banks of their confidential data.

The growing adoption of cloud computing in various industries has led to an increase in the number of virtual machines running on physical hosts across multiple regions or zones. This increases the risk associated with physical host security especially if it is outsourced which forces organizations adopt a private cloud or own its own secure cluster located within its premises known as ¢â‚¬Å“intelligent edge¢â‚¬ thus driving demand for HSM globally over the forecast period.

Regional Analysis:

North America is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in cloud infrastructure and rising adoption of digital services. In addition, presence of major technology players such as Amazon Web Services, Inc.; IBM Corporation; Cisco Systems, Inc.; Hewlett Packard Enterprise Development LP; and VMware, Inc., has positively influenced the growth of this region.

Asia Pacific is estimated to witness significant growth over the next eight years owing to increasing demand for on-demand computing resources from developing countries such as India and China. Furthermore, growing IT spending by various organizations in these countries will drive market demand further. Additionally, increased government initiatives related to usage of cloud technologies are projected favorably impact regional industry trends during the forecast period.

Growth Factors:

Increased demand for cloud-based services and applications: The growth of cloud-based services and applications is one of the primary drivers for the market for Cloud Hardware Security Modules (HSM). As more and more businesses move to adopt cloud-based solutions, there is an increased need for security measures to protect these systems. This is where HSMs come into play, as they provide a secure way to store and manage sensitive data in the cloud.
Growing concerns over data security: Data security has become a major concern in recent years, as organizations are increasingly realizing the importance of protecting their data from theft or unauthorized access. This has led to a growing demand for solutions that can help secure sensitive information, such as HSMs.
Proliferation of mobile devices and BYOD policies: With the proliferation of mobile devices and BYOD policies, organizations are facing an increased risk of data leakage due to unauthorized access or theft of devices. To mitigate this risk, businesses are looking for ways to secure their confidential data on these devices using HSMs.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Hardware Security Modules (HSM) Market Research Report
By Type
Private Cloud, Public Cloud
By Application
Industrial and Manufacturing, BFSI, Government, Others
By Companies
Thales, Entrust Datacard, Utimaco, ATOS SE, Futurex, Amazon, Google, IBM, Azure
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.

Global Cloud Hardware Security Modules (HSM) Market Report Segments:
The global Cloud Hardware Security Modules (HSM) market is segmented on the basis of:
Types
Private Cloud, Public Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial and Manufacturing, BFSI, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Thales
Entrust Datacard
Utimaco
ATOS SE
Futurex
Amazon
Google
IBM
Azure



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Highlights of The Cloud Hardware Security Modules (HSM) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Private Cloud
Public Cloud
By Application:
Industrial and Manufacturing
BFSI
Government
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cloud Hardware Security Modules (HSM) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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