세계의 하드웨어 보안 모듈 시장, 규모, 점유율, 동향, 산업 분석 보고서 : 배포 유형별, 유형별, 용도별, 산업별, 지역별 - 시장 예측(2025-2034년)

The global hardware security module market size is expected to reach USD 4,612.56 million by 2034, according to a new study by Polaris Market Research. The report "Hardware Security Module Market Share, Size, Trends, Industry Analysis Report - By Deployment Type (On-Premise and Cloud), Type, Application, Vertical, and Region; Segment Forecast, 2025-2034" gives a detailed insight into the current market dynamics and provides analysis on future market growth.

The advent of 5G technology has ushered in a new era of connectivity, enabling faster data transmission, lower latency, and increased network reliability. This advancement has transformed the way consumers communicate and significantly impacted various industries, including healthcare, finance, transportation, and manufacturing. The rising penetration of 5G networks propelled the demand for robust security measures, leading to a substantial increase in the adoption of Hardware Security Modules (HSMs). These HSMs play a crucial role in ensuring the confidentiality, integrity, and authenticity of data in 5G networks. For instance, the Ericsson Authentication Security Module provides advanced security features to boost end user privacy protection during the 5G era. It achieves this by seamlessly integrating a HSM into Ericsson's dual-mode 5G Core solution.

One of the driving factors behind the increased demand for HSMs in the 5G landscape is the rising concern regarding cybersecurity threats. With the proliferation of connected devices and the massive amounts of sensitive data transmitted over 5G networks, the risk of cyberattacks has grown exponentially. HSMs provide a dedicated and tamper-resistant hardware platform for secure key storage and cryptographic operations, making it extremely challenging for malicious actors to compromise sensitive information. The robust encryption capabilities offered by HSMs are essential in safeguarding critical data, ensuring that communication between devices and networks remains confidential and secure.

Another driving factor contributing to the demand for HSMs in 5G deployments is regulatory compliance. As governments and regulatory bodies recognize the potential risks associated with 5G networks, they have introduced stringent security requirements that organizations must adhere to. HSMs aid in meeting these compliance standards by providing advanced cryptographic algorithms and secure key management, enabling businesses to align with regulatory mandates and protect themselves from legal repercussions.

The growing trend of digital transformation across industries has led to an increase in the adoption of cloud-based services and edge computing in 5G networks. HSMs play a vital role in securing these distributed environments by providing a centralized and secure platform for managing cryptographic keys and certificates. This centralized approach ensures uniform security policies across all network components, mitigating the risks associated with decentralized key management practices.

The escalating importance of data privacy and the increasing awareness among consumers about the security of their personal information propel the demand for HSMs. Organizations are investing in HSMs to build trust among their customers by demonstrating a strong commitment to protecting sensitive data. This enhanced trust fosters customer loyalty and strengthens the reputation of businesses, leading to increased competitiveness in the market.

Hardware Security Module Market Report Highlights

By deployment type, in 2024, the cloud segment accounted for a larger share of the hardware security module market owing to the escalating demand for secure cloud solutions, especially in industries dealing with sensitive information such as finance, healthcare, and government.

The BFSI segment, by vertical, is expected to register the highest CAGR during the forecast period. The increasing prevalence of sophisticated cyber threats has forced financial institutions to fortify their security measures.

In 2024, North America dominated the global market. The governments of the US and Canada are working together to raise awareness about cybersecurity among organizations. Their initiatives encourage businesses to implement robust cybersecurity measures.

Europe is expected to record the highest CAGR in the hardware security module market. The expanding reliance on data centers, driven by the growth of cloud computing and digital transformation, is propelling the demand for HSMs as organizations seek to fortify their cybersecurity infrastructure.

A few global key market players are Atos SE, IBM Corporation, Entrust Corporation, Fortanix, Synopsys Inc, Thales, Ultra Electronics, Utimaco Management GmbH, Yubico, Adweb Tech, STMicroelectronics, Securosys, Society for Worldwide Interbank Financial Telecommunication, and Microchip Technology.

Polaris Market Research has segmented the hardware security module market repair report based on deployment type, type, application, vertical, and region.

By Deployment Type Outlook (Revenue - USD Million, 2020-2034)

• On-Premise
• Cloud

By Type Outlook (Revenue - USD Million, 2020-2034)

• LAN Based/Network Attached
• PCI-Based/Embedded Plugins
• USB-Based/Portable
• Smart Cards

By Application Outlook (Revenue - USD Million, 2020-2034)

• Payment Processing
• Code & Document Signing
• Authentication
• Application-Level Encryption
• Database Encryption
• PKI & Credential Management
• Security Sockets Layer (SSL) & Transport Security Layer (TSL)

By Vertical Outlook (Revenue - USD Million, 2020-2034)

• Consumer Goods & Retail
• Banking, Financial Services, and Insurance
• Aerospace & Defense
• Public Sector/Government
• Energy & Power
• Industrial Manufacturing
• Medical & Life Sciences
• Transportation
• IT & Telecommunications
• Others

By Regional Outlook (Revenue - USD Million, 2020-2034)

• North America
• US
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific
• Latin America
• Argentina
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Table of Contents

Chapter 1. Introduction

• 1.1 Report Description
  • 1.1.1 Objective of the Study
  • 1.1.2 Market Scope
  • 1.1.3 Assumptions
• 1.2 Stakeholders

Chapter 2. Research Methodology

• 2.1 Research Methodology
• 2.2 Research Scope and Assumptions
• 2.3 Information Procurement
  • 2.3.1 Purchased Database
  • 2.3.2 Internal Database
  • 2.3.3 Secondary Sources
  • 2.3.4 Third Party Perspective
  • 2.3.5 Primary Research
• 2.4 Information Analysis
  • 2.4.1 Data Analysis Models
• 2.5 Market Formulation and Data Visualization
• 2.6 Data Validation and Publishing (Secondary Sources)

Chapter 3. Executive Summary

Chapter 4. Market Insights

• 4.1 Hardware Security Module - Industry snapshot
• 4.2 Hardware Security Module Market - Value Chain Analysis
  • 4.2.1 Hardware Security Module Market Dynamics
  • 4.2.2 Drivers and Opportunities
    • 4.2.2.1 Increasing data breaches and cyber attack
    • 4.2.2.2 Increased demand for hardware security modules with the advent of 5G
  • 4.2.3 Restraints and Challenges
    • 4.2.3.1 High ownership cost and need for skilled personnel
• 4.3 Hardware Security Module Market - Porter's Five Forces
  • 4.3.1 Threat of Substitutes: (Moderate to High)
  • 4.3.2 Threat of New Entrants: (Low)
  • 4.3.3 Bargaining power of buyers: (Moderate)
  • 4.3.4 Bargaining power of suppliers: (Moderate)
  • 4.3.5 Competitive Rivalry: (High)
• 4.4 Hardware Security Module Market - PESTLE Analysis
• 4.5 Covid-19 Impact Analysis & Industry Trends

Chapter 5. Hardware Security Module Market Assessment by Deployment Type

• 5.1 Introduction
• 5.2 On-Premise
• 5.3 Cloud

Chapter 6. Hardware Security Module Market Assessment by Type

• 6.1 Introduction
• 6.2 LAN Based/ Network Attached
• 6.3 PCI-Based/ Embedded Plugins
• 6.4 USB-Based/ Portable
• 6.5 Smart Cards

Chapter 7. Hardware Security Module Market Assessment by Application

• 7.1 Introduction
• 7.2 Payment Processing
• 7.3 Code & Document Signing
• 7.4 Authentication
• 7.5 Application-Level Encryption
• 7.6 Database Encryption
• 7.7 PKI & Credential Management
• 7.8 Security Sockets Layer (SSL) & Transport Security Layer (TSL)

Chapter 8. Hardware Security Module Market Assessment by Vertical

• 8.1 Introduction
• 8.2 Consumer Goods & Retail
• 8.3 Banking, Financial Services, and Insurance
• 8.4 Aerospace & Defense
• 8.5 Public Sector/ Government
• 8.6 Energy & Power
• 8.7 Industrial Manufacturing
• 8.8 Medical & Life Sciences
• 8.9 Transportation
• 8.10 IT & Telecommunications
• 8.11 Others

Chapter 9. Hardware Security Module Market Assessment by Region

• 9.1 Introduction
• 9.2 Hardware Security Module Market - North America
  • 9.2.1 North America Hardware Security Module, By Deployment Type
  • 9.2.2 North America Hardware Security Module, By Type
  • 9.2.3 North America Hardware Security Module Market, By Application
  • 9.2.4 North America Hardware Security Module Market, By Vertical
  • 9.2.5 Hardware Security Module Market - U.S.
    • 9.2.5.1 U.S. Hardware Security Module, By Deployment Type
    • 9.2.5.2 U.S. Hardware Security Module, By Type
    • 9.2.5.3 U.S. Hardware Security Module, By Application
    • 9.2.5.4 U.S. Hardware Security Module, By Vertical
  • 9.2.6 Hardware Security Module Market - Canada
    • 9.2.6.1 Canada Hardware Security Module, By Deployment Type
    • 9.2.6.2 Canada Hardware Security Module, By Type
    • 9.2.6.3 Canada Hardware Security Module, By Application
    • 9.2.6.4 Canada Hardware Security Module, By Vertical
• 9.3 Hardware Security Module Market - Europe
  • 9.3.1 Europe Hardware Security Module, By Deployment Type
  • 9.3.2 Europe Hardware Security Module, By Type
  • 9.3.3 Europe Hardware Security Module Market, By Application
  • 9.3.4 Europe Hardware Security Module Market, By Vertical
  • 9.3.5 Hardware Security Module Market - France
    • 9.3.5.1 France Hardware Security Module, By Deployment Type
    • 9.3.5.2 France Hardware Security Module, By Type
    • 9.3.5.3 France Hardware Security Module, By Application
    • 9.3.5.4 France Hardware Security Module, By Vertical
  • 9.3.6 Hardware Security Module Market - Germany
    • 9.3.6.1 Germany Hardware Security Module, By Deployment Type
    • 9.3.6.2 Germany Hardware Security Module, By Type
    • 9.3.6.3 Germany Hardware Security Module, By Application
    • 9.3.6.4 Germany Hardware Security Module, By Vertical
  • 9.3.7 Hardware Security Module Market - UK
    • 9.3.7.1 UK Hardware Security Module, By Deployment Type
    • 9.3.7.2 UK Hardware Security Module, By Type
    • 9.3.7.3 UK Hardware Security Module, By Application
    • 9.3.7.4 UK Hardware Security Module, By Vertical
  • 9.3.8 Hardware Security Module Market - Italy
    • 9.3.8.1 Italy Hardware Security Module, By Deployment Type
    • 9.3.8.2 Italy Hardware Security Module, By Type
    • 9.3.8.3 Italy Hardware Security Module, By Application
    • 9.3.8.4 Italy Hardware Security Module, By Vertical
  • 9.3.9 Hardware Security Module Market - Netherlands
    • 9.3.9.1 Netherlands Hardware Security Module, By Deployment Type
    • 9.3.9.2 Netherlands Hardware Security Module, By Type
    • 9.3.9.3 Netherlands Hardware Security Module, By Application
    • 9.3.9.4 Netherlands Hardware Security Module, By Vertical
  • 9.3.10 Hardware Security Module Market - Spain
    • 9.3.10.1 Spain Hardware Security Module, By Deployment Type
    • 9.3.10.2 Spain Hardware Security Module, By Type
    • 9.3.10.3 Spain Hardware Security Module, By Application
    • 9.3.10.4 Spain Hardware Security Module, By Vertical
  • 9.3.11 Hardware Security Module Market - Russia
    • 9.3.11.1 Russia Hardware Security Module, By Deployment Type
    • 9.3.11.2 Russia Hardware Security Module, By Type
    • 9.3.11.3 Russia Hardware Security Module, By Application
    • 9.3.11.4 Russia Hardware Security Module, By Vertical
  • 9.3.12 Hardware Security Module Market - Rest of Europe
    • 9.3.12.1 Rest of Europe Hardware Security Module, By Deployment Type
    • 9.3.12.2 Rest of Europe Hardware Security Module, By Type
    • 9.3.12.3 Rest of Europe Hardware Security Module, By Application
    • 9.3.12.4 Rest of Europe Hardware Security Module, By Vertical
• 9.4 Hardware Security Module Market - Asia Pacific
  • 9.4.1 Asia Pacific Hardware Security Module, By Deployment Type
  • 9.4.2 Asia Pacific Hardware Security Module, By Type
  • 9.4.3 Asia Pacific Hardware Security Module Market, By Application
  • 9.4.4 Asia Pacific Hardware Security Module Market, By Vertical
  • 9.4.5 Hardware Security Module Market - Japan
    • 9.4.5.1 Japan Hardware Security Module, By Deployment Type
    • 9.4.5.2 Japan Hardware Security Module, By Type
    • 9.4.5.3 Japan Hardware Security Module, By Application
    • 9.4.5.4 Japan Hardware Security Module, By Vertical
  • 9.4.6 Hardware Security Module Market - China
    • 9.4.6.1 China Hardware Security Module, By Deployment Type
    • 9.4.6.2 China Hardware Security Module, By Type
    • 9.4.6.3 China Hardware Security Module, By Application
    • 9.4.6.4 China Hardware Security Module, By Vertical
  • 9.4.7 Hardware Security Module Market - India
    • 9.4.7.1 India Hardware Security Module, By Deployment Type
    • 9.4.7.2 India Hardware Security Module, By Type
    • 9.4.7.3 India Hardware Security Module, By Application
    • 9.4.7.4 India Hardware Security Module, By Vertical
  • 9.4.8 Hardware Security Module Market - Malaysia
    • 9.4.8.1 Malaysia Hardware Security Module, By Deployment Type
    • 9.4.8.2 Malaysia Hardware Security Module, By Type
    • 9.4.8.3 Malaysia Hardware Security Module, By Application
    • 9.4.8.4 Malaysia Hardware Security Module, By Vertical
  • 9.4.9 Hardware Security Module Market - Indonesia
    • 9.4.9.1 Indonesia Hardware Security Module, By Deployment Type
    • 9.4.9.2 Indonesia Hardware Security Module, By Type
    • 9.4.9.3 Indonesia Hardware Security Module, By Application
    • 9.4.9.4 Indonesia Hardware Security Module, By Vertical
  • 9.4.10 Hardware Security Module Market - South Korea
    • 9.4.10.1 South Korea Hardware Security Module, By Deployment Type
    • 9.4.10.2 South Korea Hardware Security Module, By Type
    • 9.4.10.3 South Korea Hardware Security Module, By Application
    • 9.4.10.4 South Korea Hardware Security Module, By Vertical
  • 9.4.11 Hardware Security Module Market - Rest of APAC
    • 9.4.11.1 Rest of APAC Hardware Security Module, By Deployment Type
    • 9.4.11.2 Rest of APAC Hardware Security Module, By Type
    • 9.4.11.3 Rest of APAC Hardware Security Module, By Application
    • 9.4.11.4 Rest of APAC Hardware Security Module, By Vertical
• 9.5 Hardware Security Module Market - Latin America
  • 9.5.1 Latin America Hardware Security Module, By Deployment Type
  • 9.5.2 Latin America Hardware Security Module, By Type
  • 9.5.3 Latin America Hardware Security Module Market, By Application
  • 9.5.4 Latin America Hardware Security Module Market, By Vertical
  • 9.5.5 Hardware Security Module Market - Mexico
    • 9.5.5.1 Mexico Hardware Security Module, By Deployment Type
    • 9.5.5.2 Mexico Hardware Security Module, By Type
    • 9.5.5.3 Mexico Hardware Security Module, By Application
    • 9.5.5.4 Mexico Hardware Security Module, By Vertical
  • 9.5.6 Hardware Security Module Market - Brazil
    • 9.5.6.1 Brazil Hardware Security Module, By Deployment Type
    • 9.5.6.2 Brazil Hardware Security Module, By Type
    • 9.5.6.3 Brazil Hardware Security Module, By Application
    • 9.5.6.4 Brazil Hardware Security Module, By Vertical
  • 9.5.7 Hardware Security Module Market - Argentina
    • 9.5.7.1 Argentina Hardware Security Module, By Deployment Type
    • 9.5.7.2 Argentina Hardware Security Module, By Type
    • 9.5.7.3 Argentina Hardware Security Module, By Application
    • 9.5.7.4 Argentina Hardware Security Module, By Vertical
  • 9.5.8 Hardware Security Module Market - Rest of Latin America
    • 9.5.8.1 Rest of Latin America Hardware Security Module, By Deployment Type
    • 9.5.8.2 Rest of Latin America Hardware Security Module, By Type
    • 9.5.8.3 Rest of Latin America Hardware Security Module, By Application
    • 9.5.8.4 Rest of Latin America Hardware Security Module, By Vertical
• 9.6 Hardware Security Module Market - Middle East Africa
  • 9.6.1 Middle East Africa Hardware Security Module, By Deployment Type
  • 9.6.2 Middle East Africa Hardware Security Module, By Type
  • 9.6.3 Middle East Africa Hardware Security Module Market, By Application
  • 9.6.4 Middle East Africa Hardware Security Module Market, By Vertical
  • 9.6.5 Hardware Security Module Market - Saudi Arabia
    • 9.6.5.1 Saudi Arabia Hardware Security Module, By Deployment Type
    • 9.6.5.2 Saudi Arabia Hardware Security Module, By Type
    • 9.6.5.3 Saudi Arabia Hardware Security Module, By Application
    • 9.6.5.4 Saudi Arabia Hardware Security Module, By Vertical
  • 9.6.6 Hardware Security Module Market - UAE
    • 9.6.6.1 UAE Hardware Security Module, By Deployment Type
    • 9.6.6.2 UAE Hardware Security Module, By Type
    • 9.6.6.3 UAE Hardware Security Module, By Application
    • 9.6.6.4 UAE Hardware Security Module, By Vertical
  • 9.6.7 Hardware Security Module Market - Israel
    • 9.6.7.1 Israel Hardware Security Module, By Deployment Type
    • 9.6.7.2 Israel Hardware Security Module, By Type
    • 9.6.7.3 Israel Hardware Security Module, By Application
    • 9.6.7.4 Israel Hardware Security Module, By Vertical
  • 9.6.8 Hardware Security Module Market - South Africa
    • 9.6.8.1 South Africa Hardware Security Module, By Deployment Type
    • 9.6.8.2 South Africa Hardware Security Module, By Type
    • 9.6.8.3 South Africa Hardware Security Module, By Application
    • 9.6.8.4 South Africa Hardware Security Module, By Vertical
  • 9.6.9 Hardware Security Module Market - Rest of MEA
    • 9.6.9.1 Rest of Middle East Africa Hardware Security Module, By Deployment Type
    • 9.6.9.2 Rest of Middle East Africa Hardware Security Module, By Type
    • 9.6.9.3 Rest of Middle East Africa Hardware Security Module, By Application
    • 9.6.9.4 Rest of Middle East Africa Hardware Security Module, By Vertical

Chapter 10. Competitive Landscape

• 10.1 Key Market Players: Categorization
• 10.2 Strategy Framework
• 10.3 Vendor Landscape
• 10.4 Strategies Categorization
  • 10.4.1 Product Launch
  • 10.4.2 Partnership/ Acquisition

Chapter 11. Company Profiles

• 11.1 Atos SE
  • 11.1.1 Business Overview
  • 11.1.2 Financial Snapshot
    • 11.1.2.1 Revenue by Market Segment
    • 11.1.2.2 Sales Revenue by Region
  • 11.1.3 Products and Services
  • 11.1.4 Recent Developments
• 11.2 IBM Corporation
  • 11.2.1 Business Overview
  • 11.2.2 Financial Snapshot
    • 11.2.2.1 Sales Revenue by Region
  • 11.2.3 Products and Services
• 11.3 Entrust Corporation
  • 11.3.1 Business Overview
  • 11.3.2 Products and Services
  • 11.3.3 Recent Developments
• 11.4 Futurex
  • 11.4.1 Business Overview
  • 11.4.2 Products and Services
• 11.5 Fortanix
  • 11.5.1 Business Overview
  • 11.5.2 Products and Services
  • 11.5.3 Recent Developments
• 11.6 Synopsys Inc
  • 11.6.1 Business Overview
  • 11.6.2 Financial Snapshot
  • 11.6.3 Sale by Business Segments
  • 11.6.4 Products and Services
  • 11.6.5 Recent Developments
• 11.7 Thales
  • 11.7.1 Business Overview
  • 11.7.2 Financial Snapshot
  • 11.7.3 Products and Services
  • 11.7.4 Recent Developments
• 11.8 Ultra Electronics
  • 11.8.1 Business Overview
  • 11.8.2 Products and Services
• 11.9 Utimaco Management GmbH
  • 11.9.1 Business Overview
  • 11.9.2 Products and Services
  • 11.9.3 Recent Developments
• 11.10 Yubico
  • 11.10.1 Business Overview
  • 11.10.2 Financial Snapshot
  • 11.10.3 Products and Services
• 11.11 Adweb Tech
  • 11.11.1 Business Overview
  • 11.11.2 Products and Services
• 11.12 STMicroelectronics
  • 11.12.1 Business Overview
  • 11.12.2 Financial Snapshot
    • 11.12.2.1 Sales Revenue by Region
  • 11.12.3 Products and Services
• 11.13 Securosys
  • 11.13.1 Business Overview
  • 11.13.2 Products and Services
  • 11.13.3 Recent Developments
• 11.14 Society for Worldwide Interbank Financial Telecommunication
  • 11.14.1 Business Overview
  • 11.14.2 Financial Snapshot
  • 11.14.3 Products and Services
• 11.15 Microchip Technology
  • 11.15.1 Business Overview
  • 11.15.2 Financial Snapshot
    • 11.15.2.1 Sales Revenue by Region
  • 11.15.3 Products and Services