Thales announced the launch of its new nShield XC High-Performance HSMs. The nShield XC series offers enhanced performance and scalability to address the growing demand for secure key management and cryptographic operations in cloud and hybrid environments.
Utimaco announced the expansion of its partnership with IBM Security. The collaboration aims to deliver secure cryptographic key management solutions to help organizations protect sensitive data and achieve compliance with regulatory requirements, leveraging Utimaco's HSM technology.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5119
Published Date: Jul 31, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for healthcare security is the major factor driving the market growth.
The market size of hardware security modules is anticipated to attain a CAGR of 13% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Thales Group, Gemalto NV, Utimaco GmbH, International Business Machines Corporation (IBM), Futurex, Micro Focus International plc, Yubico, ATOS SE, Broadcom Inc., and OneSpan Inc., and others.
The healthcare segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.