Technology News & Trends

  Hardware Security Module (HSM) Market: Overview According to a new market report published by Transparency Market Research the global  hardware security module market  is expected to reach a value of  US$ 6,592.5  Mn  by  2027  on account of rising security concerns across a number of industries. The market is projected to expand at a CAGR o f 11.4%  during the forecast period from  2020  to  2027.   Growth of the hardware security module market is due to concerns over data breaches as well as increased spending on cyber security. Demand for HSM solutions is expected to surge in the coming years with more small and medium scale organizations involving in formulating encryption strategies. Increased spending on cyber security driving the global hardware security module (HSM) market Spending on cyber security has increased over the years. Organizations are strategically allocating a significant share of thei...

According to a new market report published by Transparency Market Research, the global hardware security module market is expected to reach a value of US$ 5,932.4 Mn by 2026 on account of rising security concerns across a number of industries. The market is projected to expand at a CAGR of 11.5% during the forecast period from 2018 to 2026.Growth of the hardware security module market is due to concerns over data breaches as well as increased spending on cyber security. Demand for HSM solutions is expected to surge in the coming years with more small and medium scale organizations involving in formulating encryption strategies.  Increased spending on cyber security driving the global hardware security module (HSM) market Spending on cyber security has increased over the years. Organizations are strategically allocating a significant share of their budget in deploying cyber security solutions. According to a study conducted by SANS Institute on 'IT Security Spending Trends...

Hardware security module (HSM) is a piece of hardware and associated software/firmware attached to or placed inside a particular hardware to serve cryptographic functions. Its functions largely include key management/generation, encryption, decryption, and hashing. HSM systems have the ability to securely back up the keys that they can be handled using some external security token such as smart card or via operating systems of the computer. The market for hardware security module is forecasted to grow to US$ 5,932.4 Mn by 2026, recording a CAGR of 11.5%. Browse The Report: https://www.transparencymarketresearch.com/hardware-security-modules.html The major factor leading to the growth of the hardware security module (HSM) market is growing data security concerns in all the data sensitive companies around the world. Hardware security modules are responsible for efficiently storing and managing cryptographic keys. The HSM performs a number of important security related function...