Hardware Security Modules Industry Statistics

In this post, we will explore key statistics and trends shaping the hardware security modules industry. From the industry’s market value to projected growth rates and leading sectors, we’ll provide a comprehensive overview of the current landscape and future prospects.

Statistic 1

"The global Hardware Security Modules Market were valued at USD 545.3 million in 2016."

Statistic 2

"Since 2017, the hardware security modules industry is expected to register a Compound Annual Growth Rate (CAGR) of around 10.9%."

Statistic 3

"North America became the leading revenue generator for the hardware security modules market in both 2016 and 2017."

Statistic 4

"In 2020, the manufacturing sector was the leading customer of hardware security modules, contributing 30.9% of their use."

Statistic 5

"It's estimated that the hardware security module industry will reach USD 1351.68 Million by 2026."

Statistic 6

"The banking and financial services sector is expected to hold the largest market share from 2019 to 2025 in the hardware security modules industry."

Statistic 7

"There were 70,000 hardware security modules shipped worldwide in 2019."

Statistic 8

"By 2023, the portable HSM market will reach approximately USD 24.1 million."

Statistic 9

"Latin America's hardware security modules industry is projected to grow at a CAGR of 14.3% between 2019 and 2025."

Statistic 10

"The share of hardware security modules adopted by payment processing industry is set to grow at a CAGR of 12% during 2020-2025."

Statistic 11

"In 2017, USB-based/portable HSM held a market share of over 20% in terms of revenue."

Statistic 12

"Embedded plugins hardware security module product segment is expected to reach USD 520 Million by 2025."

Statistic 13

"Remote interface HSM is expected to exhibit a CAGR of over 11% from 2019 to 2025."

Statistic 14

"Gemalto NV accounted for 53% of the global HSM market in 2017."

Statistic 15

"Demand for PCI-based / card-based HSM is anticipated to rise at a CAGR of 10.8% from 2019 to 2025."

The hardware security modules industry has exhibited significant growth and potential for expansion, with a noteworthy increase in market value projected in the coming years. North America has emerged as a key player in driving revenue generation, particularly through sectors such as manufacturing and banking. As various industry segments like portable HSMs and payment processing witness steady growth rates, it is evident that the demand for hardware security modules is on the rise globally. Companies like Gemalto NV have established a strong presence in the market, shaping its competitive landscape. With technological advancements and evolving security needs, the industry is poised for further development and innovation in the near future.