Global Hardware Security Module (HSM) Market Revenue Reached $1166 Million in 2023

A Hardware Security Module (HSM) is a device specifically designed to protect and manage encryption keys, typically using hardware encryption technology to ensure the security of the keys. Hardware security modules are typically used to protect sensitive data and identity verification to prevent unauthorized access and data leakage, and their applications involve multiple fields such as financial transactions, government, and military communications.

Segmented Market Analysis

According to whether protection is required outside the host, HSM can be divided into external HSM and integrated HSM. External HSM is usually an independent device that can be connected to the host system to provide protection and management of encryption keys; Integrating HSM integrates encryption functionality into the host system to provide more efficient and secure key management. Among them, external HSMs dominate the market. According to our research data, the global external HSM segment market size in 2023 was $817 million, with a market share of 70.00%.

Global Hardware Security Module (HSM) Market Revenue and Share by Type in 2023

Source: www.globalmarketmonitor.com