Market Overview:
The global USB HSMs market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for secure data storage and transmission across different applications such as industrial and manufacturing, banking, financial services and insurance (BFSI), government, and others. In addition, the growing trend of Bring Your Own Device (BYOD) is also contributing to the growth of this market. Based on type, the global USB HSMs market can be segmented into general purpose HSMs, payment HSMs, and others. The general purpose HSM segment is expected to account for a major share of the global USBHSM market during the forecast period owing to its high security features compared with other types of HSMs.
Product Definition:
A USB HSM is a hardware security module that plugs into a USB port. It provides secure storage for cryptographic keys and performs cryptographic operations.
General Purpose HSMs:
General purpose HSM (GPHMS) is a high security micro-controller based smart card. It offers several advantages over conventional cards such as increased data security, reduced processing time and application software complexity, and better user convenience. The GPHM acts as an independent component in the overall smart card infrastructure which helps to reduce the total cost of ownership by offering greater flexibility to customers while using electronic devices for transactions such as online banking or e-commerce shopping.
Payment HSMs:
Payment HSM (Host Security Module) is a hardware device that helps in securing online transactions. It also helps to secure customer information and card data during the transmission process. Payment HSM works on the principle of three-factor authentication, which includes payment application, customer identification code and password, and host computer identification number verification.
The global USB HSMs market size was valued at USD 648 million in 2015.
Application Insights:
The application segment is sub-divided into six categories, namely industrial and manufacturing, banking, financial services and insurance (BFSI), government, others, consumer electronics and other sectors. In 2017, the BFSI sector dominated the global USB HSMs market with a share of over 40% in terms of revenue. The adoption of these devices has been increasing in payment processing applications across various industries such as healthcare & pharmaceuticals.
The growing adoption of electronic transactions for payments is further driving the demand for HSM solutions to safeguard transaction data from theft or duplication. Moreover, stringent regulations on reducing operational costs within banks are also encouraging them to adopt these devices to reduce capital expenditure on hardware while maintaining security procedures during payment processing activities.
Regional Analysis:
Asia Pacific region is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in developing banking and financial services infrastructure in emerging economies, such as China and India. Furthermore, rising demand for electronic products has led major companies based out of Asia Pacific to store payment data on USB HSMs. This factor is also likely to contribute toward regional market growth during the forecast period.
The North America region accounted for a significant share of global revenue owing to early adoption of technology across various sectors in countries such as U.S., Canada, and Mexico among others that are considered developed nations with high per capita income levels coupled with technological advancements across all industries at a faster pace than other regions throughout history; hence making them leaders in many fields including business process outsourcing (BPO) services, healthcare IT solutions etc.
Growth Factors:
- Increasing demand for USB security tokens for authentication and data security
- Proliferation of connected devices and the Internet of Things (IoT) driving the need for more secure storage and cryptographic operations
- Growth in mobile payments and e-commerce transactions requiring secure authentication
- Regulatory compliance requirements such as GDPR driving demand for USB HSMs to protect sensitive data
- Emerging applications such as artificial intelligence (AI) and machine learning that require high-performance, secure hardware
Scope Of The Report
Report Attributes
Report Details
Report Title
USB HSMs Market Research Report
By Type
General Purpose HSMs, Payment HSMs, Others
By Application
Industrial and Manufacturing, Banking, Financial services and Insurance (BFSI), Government, Others
By Companies
Gemalto (Netherlands), Thales (US), Utimaco (Germany), Atos SE (France), Yubico (Sweden), Futurex (US), JN UNION (China), JN TASS (China), Beijing Sansec Technology (China), SPYRUS Inc. (US), Micro Focus (US), SWIFT (Belgium), Ultra Electronics (UK), Westone (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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global USB HSMs Market Report Segments:
The global USB HSMs market is segmented on the basis of:
Types
General Purpose HSMs, Payment HSMs, Others
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)
- Thales (US)
- Utimaco (Germany)
- Atos SE (France)
- Yubico (Sweden)
- Futurex (US)
- JN UNION (China)
- JN TASS (China)
- Beijing Sansec Technology (China)
- SPYRUS Inc. (US)
- Micro Focus (US)
- SWIFT (Belgium)
- Ultra Electronics (UK)
- Westone (China)
Highlights of The USB 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:
- General Purpose HSMs
- Payment HSMs
- Others
- 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 USB 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.
How you may use our products:
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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?
USB HSMs are hardware security modules that can be used to protect data stored on USB flash drives and other portable storage devices. They use a variety of security measures, including encryption and authentication, to ensure that data is safe from unauthorized access.
Some of the major players in the usb hsms market are Gemalto (Netherlands), Thales (US), Utimaco (Germany), Atos SE (France), Yubico (Sweden), Futurex (US), JN UNION (China), JN TASS (China), Beijing Sansec Technology (China), SPYRUS Inc. (US), Micro Focus (US), SWIFT (Belgium), Ultra Electronics (UK), Westone (China).
The usb hsms market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 USB 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 USB HSMs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 USB 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 USB 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 USB HSMs Market Size & Forecast, 2018-2028
4.5.1 USB HSMs Market Size and Y-o-Y Growth
4.5.2 USB HSMs Market Absolute $ Opportunity
Chapter 5 Global USB 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 USB HSMs Market Size Forecast by Type
5.2.1 General Purpose HSMs
5.2.2 Payment HSMs
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global USB 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 USB 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 USB 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 USB 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 USB HSMs Analysis and Forecast
9.1 Introduction
9.2 North America USB 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 USB HSMs Market Size Forecast by Type
9.6.1 General Purpose HSMs
9.6.2 Payment HSMs
9.6.3 Others
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 USB 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 USB HSMs Analysis and Forecast
10.1 Introduction
10.2 Europe USB 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 USB HSMs Market Size Forecast by Type
10.6.1 General Purpose HSMs
10.6.2 Payment HSMs
10.6.3 Others
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 USB 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 USB HSMs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific USB 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 USB HSMs Market Size Forecast by Type
11.6.1 General Purpose HSMs
11.6.2 Payment HSMs
11.6.3 Others
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 USB 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 USB HSMs Analysis and Forecast
12.1 Introduction
12.2 Latin America USB 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 USB HSMs Market Size Forecast by Type
12.6.1 General Purpose HSMs
12.6.2 Payment HSMs
12.6.3 Others
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 USB 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) USB HSMs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) USB 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) USB HSMs Market Size Forecast by Type
13.6.1 General Purpose HSMs
13.6.2 Payment HSMs
13.6.3 Others
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) USB 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 USB HSMs Market: Competitive Dashboard
14.2 Global USB HSMs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gemalto (Netherlands)
14.3.2 Thales (US)
14.3.3 Utimaco (Germany)
14.3.4 Atos SE (France)
14.3.5 Yubico (Sweden)
14.3.6 Futurex (US)
14.3.7 JN UNION (China)
14.3.8 JN TASS (China)
14.3.9 Beijing Sansec Technology (China)
14.3.10 SPYRUS Inc. (US)
14.3.11 Micro Focus (US)
14.3.12 SWIFT (Belgium)
14.3.13 Ultra Electronics (UK)
14.3.14 Westone (China)
