Market Overview:
The global payment HSMs market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for payment security solutions across different industries and regions. The global payment HSMs market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into PCI-based HSMs, USB-based HSMs, network-based HSMs, and Java-based HSMs. PCI-based HSM are more popular among enterprises as they offer high levels of security and are easy to use. By application, the industrial and manufacturing sector accounted for the largest share in 2017 owing to increased adoption of these solutions by various end users in this sector such as automotive manufacturers and food & beverage companies.
Product Definition:
A payment HSM is a hardware security module that is used to securely store and process payments. Payment HSMs are used to protect the payment card data of consumers and merchants. They are also used to protect the financial information of companies that process payments.
PCI Based:
PCI-Based HSMs are hardware security modules which are based on the PCI Local Bus specification. They provide services such as card personalization, account management and intelligent bankingcard services. These modules can be used in point of sale (POS) terminals, ATMs or anywhere else where a PC is used as a back end processor for financial transactions.
USB Based:
USB-based HSM is a type of smart card terminal that utilizes USB interface for communication with the host. It has an inbuilt programmable microprocessor, which enables it to perform various functions such as storing and retrieving data from the card and also enabling online or offline transactions. These devices are widely used across several applications such as healthcare facilities, government departments, financial institutions, educational institutes among others.
Application Insights:
The network-based payment HSMs are widely used in the banking and financial services and insurance (BFSI) sector. The adoption of these devices is increasing owing to their security benefits, such as isolation from internal networks, strong authentication capabilities, and enhanced data protection. Moreover, they offer a high level of manageability through an extensive range of software APIs that enable integration with third-party applications for fraud detection or transaction processing.
The government segment is expected to emerge as the fastest growing application segment over the forecast period owing to rising demand for secure online transactions and e-voting systems among others. Furthermore, increasing penetration of smartphones has led to a rise in mobile payments which further fuels market growth across all regions.
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the presence of a large number of payment HSMs in this region, which is home to several financial institutions and banks. Furthermore, increasing demand for mobile banking applications is expected to drive the adoption of payment HSMs in this region over the forecast period.
The Asia Pacific regional market captured a revenue share of more than 25% in 2017 owing to increased adoption by BFSI companies for processing electronic funds transfer (EFT) transactions across various countries within and outside APAC. Moreover, growing smartphone penetration and internet usage rates are anticipated to fuel product sales over the forecast period in this regional market as well as others mentioned above it self depends on different factors such as economic development & infrastructure availability etc., thus making it hard predict with any degree of accuracy the exact year-on-year growth rate during any given time span).
Growth Factors:
- Increasing demand for secure and convenient payment methods
- Rapid growth of e-commerce and m-commerce
- Proliferation of connected devices and the Internet of Things (IoT)
- Shift from card-based to mobile payments
- Government initiatives to promote cashless payments
Scope Of The Report
Report Attributes
Report Details
Report Title
Payment HSMs Market Research Report
By Type
PCI Based, USB Based, Network Based, Java Based
By Application
Industrial and Manufacturing, Banking, Financial services and Insurance (BFSI), Government, Others
By Companies
Gemalto (Netherlands) (Netherlands), Thales (US) (US), Utimaco (Germany) (Germany), Atos SE (France) (France), Yubico (Sweden) (Sweden), Futurex (US) (US), JN UNION (China) (China), JN TASS (China) (China), Beijing Sansec Technology (China) (China), SPYRUS Inc. (US) (US), Micro Focus (US) (US), SWIFT (Belgium) (Belgium), Ultra Electronics (UK) (UK), Westone (China) (China)
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Payment HSMs Market Report Segments:
The global Payment HSMs market is segmented on the basis of:
Types
PCI Based, USB Based, Network Based, Java Based
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, Banking, Financial services and Insurance (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:
- Gemalto (Netherlands) (Netherlands)
- Thales (US) (US)
- Utimaco (Germany) (Germany)
- Atos SE (France) (France)
- Yubico (Sweden) (Sweden)
- Futurex (US) (US)
- JN UNION (China) (China)
- JN TASS (China) (China)
- Beijing Sansec Technology (China) (China)
- SPYRUS Inc. (US) (US)
- Micro Focus (US) (US)
- SWIFT (Belgium) (Belgium)
- Ultra Electronics (UK) (UK)
- Westone (China) (China)
Highlights of The Payment HSMs 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:
- PCI Based
- USB Based
- Network Based
- Java Based
- By Application:
- Industrial and Manufacturing
- Banking, Financial services and Insurance (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 Payment HSMs 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.
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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
Frequently Asked Questions?
A Payment HSM is a type of hardware security module that helps protect financial information by storing and managing cryptographic keys. These keys are used to encrypt and decrypt data as it travels between the payment processor and the merchant's system.
Some of the major companies in the payment hsms market are Gemalto (Netherlands) (Netherlands), Thales (US) (US), Utimaco (Germany) (Germany), Atos SE (France) (France), Yubico (Sweden) (Sweden), Futurex (US) (US), JN UNION (China) (China), JN TASS (China) (China), Beijing Sansec Technology (China) (China), SPYRUS Inc. (US) (US), Micro Focus (US) (US), SWIFT (Belgium) (Belgium), Ultra Electronics (UK) (UK), Westone (China) (China).
The payment hsms market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Payment HSMs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Payment HSMs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Payment HSMs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Payment HSMs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Payment HSMs Market Size & Forecast, 2018-2028
4.5.1 Payment HSMs Market Size and Y-o-Y Growth
4.5.2 Payment HSMs Market Absolute $ Opportunity
Chapter 5 Global Payment HSMs Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Payment HSMs Market Size Forecast by Type
5.2.1 PCI Based
5.2.2 USB Based
5.2.3 Network Based
5.2.4 Java Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Payment HSMs Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Payment HSMs Market Size Forecast by Applications
6.2.1 Industrial and Manufacturing
6.2.2 Banking
6.2.3 Financial services and Insurance (BFSI)
6.2.4 Government
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Payment HSMs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Payment HSMs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Payment HSMs Analysis and Forecast
9.1 Introduction
9.2 North America Payment HSMs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Payment HSMs Market Size Forecast by Type
9.6.1 PCI Based
9.6.2 USB Based
9.6.3 Network Based
9.6.4 Java Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Payment HSMs Market Size Forecast by Applications
9.10.1 Industrial and Manufacturing
9.10.2 Banking
9.10.3 Financial services and Insurance (BFSI)
9.10.4 Government
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Payment HSMs Analysis and Forecast
10.1 Introduction
10.2 Europe Payment HSMs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Payment HSMs Market Size Forecast by Type
10.6.1 PCI Based
10.6.2 USB Based
10.6.3 Network Based
10.6.4 Java Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Payment HSMs Market Size Forecast by Applications
10.10.1 Industrial and Manufacturing
10.10.2 Banking
10.10.3 Financial services and Insurance (BFSI)
10.10.4 Government
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Payment HSMs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Payment HSMs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Payment HSMs Market Size Forecast by Type
11.6.1 PCI Based
11.6.2 USB Based
11.6.3 Network Based
11.6.4 Java Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Payment HSMs Market Size Forecast by Applications
11.10.1 Industrial and Manufacturing
11.10.2 Banking
11.10.3 Financial services and Insurance (BFSI)
11.10.4 Government
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Payment HSMs Analysis and Forecast
12.1 Introduction
12.2 Latin America Payment HSMs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Payment HSMs Market Size Forecast by Type
12.6.1 PCI Based
12.6.2 USB Based
12.6.3 Network Based
12.6.4 Java Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Payment HSMs Market Size Forecast by Applications
12.10.1 Industrial and Manufacturing
12.10.2 Banking
12.10.3 Financial services and Insurance (BFSI)
12.10.4 Government
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Payment HSMs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Payment HSMs Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Payment HSMs Market Size Forecast by Type
13.6.1 PCI Based
13.6.2 USB Based
13.6.3 Network Based
13.6.4 Java Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Payment HSMs Market Size Forecast by Applications
13.10.1 Industrial and Manufacturing
13.10.2 Banking
13.10.3 Financial services and Insurance (BFSI)
13.10.4 Government
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Payment HSMs Market: Competitive Dashboard
14.2 Global Payment HSMs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gemalto (Netherlands) (Netherlands)
14.3.2 Thales (US) (US)
14.3.3 Utimaco (Germany) (Germany)
14.3.4 Atos SE (France) (France)
14.3.5 Yubico (Sweden) (Sweden)
14.3.6 Futurex (US) (US)
14.3.7 JN UNION (China) (China)
14.3.8 JN TASS (China) (China)
14.3.9 Beijing Sansec Technology (China) (China)
14.3.10 SPYRUS Inc. (US) (US)
14.3.11 Micro Focus (US) (US)
14.3.12 SWIFT (Belgium) (Belgium)
14.3.13 Ultra Electronics (UK) (UK)
14.3.14 Westone (China) (China)
