Connect with us

Technology

Hardware Security Modules Market worth $3.28 billion by 2030 – Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., Feb. 27, 2025 /PRNewswire/ — The hardware security modules market is expected to reach USD 3.28 billion by 2030, up from USD 1.66 billion in 2025, at a CAGR of 14.5% from 2025 to 2030 according to a new report by MarketsandMarkets™. The market for hardware security modules is growing at a rapid pace as a result of rising data breaches and cyberattacks. As cybercriminals are targeting businesses in different sectors on a regular basis, organizations are focusing on strong encryption and cryptographic security solutions to protect their sensitive information. The major cyberattacks on financial institutions, government departments, and healthcare organizations have highlighted the necessity for strong data protection measures. Increased use of cloud computing and digital transformation strategies has driven cloud hardware security module demand, as they offer on-demand, scalable cryptographic security capabilities. Companies that are using multi-cloud environments are implementing HSM-as-a-Service (HSMaaS) solutions to maintain smooth encryption key management, minimize infrastructure complexity while upholding maximum data security levels.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162277475

Browse in-depth TOC on “Hardware Security Modules Market” 
150 – Tables
70 – Figures
325 – Pages

Hardware Security Modules Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 1.66 billion

Estimated Value by 2030

$ 3.28 billion

Growth Rate

Poised to grow at a CAGR of 14.5%

Market Size Available for

2020–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Technology, Deployment Type, Application, Vertical, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Complexities associated with HSM integration process

Key Market Opportunities

Rise of telemedicine and remote healthcare services

Key Market Drivers

Increasing data breaches and cyberattacks

On-premises deployment to register the largest market share during the forecast period.

The on-premises deployment segment of the hardware security module market is anticipated to grow significantly and hold a larger market share, due to its unparalleled control, security, and compliance capabilities. Organizations dealing with extremely sensitive data, including government offices, financial organizations, and defense agencies, appreciate on-premises HSMs for their capability to have complete control over cryptographic keys and secure their operations in defined physical locations. This particular deployment model is highly preferred in industries that are subject to rigorous regulatory guidelines, including GDPR, HIPAA, and PCI DSS, where data sovereignty and adherence are of utmost importance. On-premises HSMs provide low latency and high-speed processing, and hence are ideal for mission-critical applications, like payment processing, identity verification, and secure communication, where real-time performance is essential. The growing fears of data breaches and insider threats are compelling organizations to make an investment in on-premises HSMs as a long-term security measure.

Medical & Life Sciences vertical segment to witness highest CAGR during the forecast period.

The medical & life sciences segment is expected to witness the highest CAGR in the hardware security modules industry fueled by the fast-growing digitization of healthcare, increasing adoption of electronic health records (EHRs), and increasing cybersecurity threats to sensitive medical information. Hospitals, research institutions, and pharmaceutical companies shift toward cloud-based healthcare solutions, AI-driven diagnostics, and telemedicine. The need for robust cryptographic security to protect patient data, medical research, and drug development processes has intensified. Hardware security modules (HSMs) are an important component for securing encryption keys, maintaining regulatory compliance, and preventing unauthorized access to sensitive health data. The risk of cyberattacks targeting medical devices also rises with the use of connected devices in healthcare. Vulnerabilities in these devices can have several consequences, such as tampering with treatment protocols or disrupting patient monitoring systems. The HIPAA Journal reports that the healthcare industry suffered 13 large-scale data breaches in 2024, each of over one million records. This rise in large-scale healthcare data breaches underlines the necessity for effective cybersecurity solutions in the medical and life sciences industry. HSMs tackle these issues quite effectively by offering secure firmware updates, device identity protection, and secure communication between devices and central systems.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=162277475

North America to account for largest market share during forecast period.

North America will dominate the market for hardware security modules (HSM), stimulated by regulatory requirements, advances in technology, and growing cybersecurity concerns. Stringent data protection legislations such as the California Consumer Privacy Act (CCPA) and the Health Insurance Portability and Accountability Act (HIPAA) in the region are some of the significant drivers of growth. These rules mandate organizations to deploy strong encryption and key management solutions, which are pushing industries like healthcare, finance, and retail to use HSM technology for data integrity and regulatory compliance. North America’s huge investments in cloud infrastructure are driving the need for cloud hardware security modules (Cloud HSMs). The US, which hosts top cloud service providers such as Microsoft Azure, Amazon Web Services, Inc. (AWS), and Google Cloud, is seeing large-scale adoption of HSM solutions in cloud security environments. The growing trend toward hybrid and multi-cloud environments, especially in the financial, government, and healthcare sectors, is further propelling the demand for secure cryptographic key management. The rising adoption of cloud-based HSM solutions, known for their scalability and flexibility, has positioned North America as the largest market for HSM technologies. With cybersecurity threats evolving rapidly, enterprises across the region are prioritizing hardware security modules technology to protect sensitive data, secure digital transactions, and fortify cloud infrastructures, reinforcing North America’s leadership in the global HSM market.

The major players in the hardware security modules companies include Thales (France), Utimaco Management Services GmbH (Germany), Futurex (US), Entrust Corporation (US), IBM (US), Atos SE (France), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Yubico (US), DINAMO NETWORKS (Brazil), Securosys (Switzerland), Spyrus (US), Adweb Technologies (India), Lattice Semiconductor (US), ellipticSecure (UK), ETAS (Germany), Sansec (China), Fortanix (US), JISA Softech Pvt. Ltd. (India), Microsoft (US), Nitrokey (Germany), Kryptoagile Solutions Pvt. Ltd. (India), Kryptus (Brazil), Crypto4A (Canada), and Amazon Web Services, Inc. (US). These players have adopted various organic and inorganic growth strategies such as expansions, partnerships, product launches, collaborations, acquisitions, contracts, and agreements.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=162277475

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Embedded Security Market Size, Share & Industry Trends Growth Analysis Report by Offering (Hardware (Secure Element, Embedded Sim, Hardware Token), Software, Services), Security Type (Authentication and Access Management, Payment, Content Protection), Application and Region – Global Forecast to 2028

Hardware Encryption Market Size, Share, Trends & Industry Growth Analysis Report by Product Type (External HDD, Internal HDD, SSD, Inline Network Encryptor, USB Flash Drive), Application (Consumer Electronics, Aerospace & Defense, Transportation, Healthcare) and Region – Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/hardware-security-modules-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/hardware-security-modules.asp

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/hardware-security-modules-market-worth-3-28-billion-by-2030—exclusive-report-by-marketsandmarkets-302386951.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Mouser Electronics Explores How Artificial Intelligence Shapes Everyday Technologies and Experiences

Published

on

By

SHANGHAI, April 20, 2026 /PRNewswire/ — Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, today announced the first 2026 installment of its Empowering Innovation Together (EIT) technology series, Engineering AI for Daily Life. This installment explores how artificial intelligence is increasingly embedded in everyday products and services, from assisted search and messaging tools to healthcare wearables that monitor personal well-being. As AI capabilities expand across consumer and connected devices, engineers continue to design systems that make these technologies more useful, intuitive, and trustworthy in real-world applications.

“AI is quickly moving from experimental technology into products people rely on every day, and engineers play a major role in shaping how it’s applied,” said Jeff Newell, President of Mouser Electronics. “As AI becomes embedded across consumer devices and connected systems, it’s important that these technologies are designed to support human expertise while remaining reliable and trustworthy. This EIT segment helps engineers explore the tools and insights they need to build the next generation of AI-enabled solutions.”

As AI agents and intelligent tools become integrated into homes, connected devices, and digital services, engineers are developing systems that enhance user judgment and keep users in control while maintaining transparency and privacy. New AI-powered platforms already demonstrate this potential – turning simple conversations into complete travel itineraries or providing deeper health insights through connected devices.

On The Tech Between Us podcast, Raymond Yin, Director of Technical Content at Mouser Electronics, and Dr. Marisa Tschopp, Senior Researcher at scip AG in Zurich, examine the new role of AI in human interaction and day-to-day experiences. They explore how AI advancements shape technology-enabled collaboration, including the long-term impact of daily integration and applications for mental health.

“AI is moving beyond experimental settings into the products people rely on every day,” said Yin. “Our first EIT navigates the next era in AI innovation, looking at how to use the technology to enhance people’s abilities and rethink how we can live for the better.”

In addition to the podcast, the EIT series includes an in-depth video, technical articles, a topic-related infographic, as well as subscriber-exclusive content, diving into everyday AI. By examining the range of cases where AI can level up technical expertise, engineers can build a class of tools to help reshape how people think, decide, and create while protecting privacy and control.

Established in 2015, Mouser’s Empowering Innovation Together program is one of the electronic component industry’s most recognized educational programs. To learn more, visit https://www.mouser.com/empowering-innovation/engineering-ai-daily/ and follow Mouser on Facebook, LinkedIn, X, and YouTube.

For more Mouser news and our latest new product introductions, visit https://www.mouser.com/newsroom/.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/mouser-electronics-explores-how-artificial-intelligence-shapes-everyday-technologies-and-experiences-302745803.html

SOURCE Mouser Electronics

Continue Reading

Technology

The Global Economy Could Split in Very Different Directions by 2050

Published

on

By

Research from the BCG Henderson Institute Details Four Plausible Scenarios for the World over the Next 25 Years, Based on Analysis of More Than 100 Megatrends and a Century of Historical Data

BOSTON, April 20, 2026 /PRNewswire/ — The global economy could follow markedly different paths over the next 25 years. For business leaders, the challenge is how to make decisions today while preparing for a wide range of possible futures.

New Scenarios 2050 research from the BCG Henderson Institute (BHI), Boston Consulting Group’s think tank, anticipates four distinct futures that push boundaries but remain plausible. The report explores what each scenario could mean for businesses and how early signals may indicate which direction the world is heading.

Among the findings:

Global GDP growth could slow to about 1.8% or rise to 5.0% annually, with the economy reaching anywhere from 1.6 to 3.4 times today’s size.Global trade could fall to about 35% of GDP—roughly Cold War–era levels—or remain near current levels of about 60%.Defense spending could climb to as much as 7% of global GDP.Low-carbon electricity could account for 55% to 90% of power generation.

The report, Beyond Tomorrow: Four Scenarios for the World of 2050, is based on a century of historical data and analysis of more than 100 megatrends across technology, geopolitics, climate, society, and economics.

“The decisions made in the next 5 years will shape the next 25,” said Nikolaus Lang, global leader of the BCG Henderson Institute and a coauthor of the report. “Too often, the future is framed in extremes—either collapse or abundance. In reality, leaders need to be ready for a range of outcomes and make decisions that hold up across very different conditions.”

Four Plausible Futures Leaders Should Plan For

Each scenario presents a different operating environment for businesses, reflecting the range of conditions leaders may face.

Scenario 1: AI Abundance. Global cooperation on AI standards leads to faster productivity growth, wider access to technology, and abundant low-carbon energy:

Global GDP more than triples, growing by about 5% annually from 2025 to 2050—the highest level across BHI’s four plausible scenarios.Average working hours fall by about 25%, with four- or even three-day workweeks becoming common in some regions.AI-supported advances in new materials and carbon removal put the world on a delayed but credible path to net zero emissions.

Scenario 2: Battling Blocs. Geopolitical tensions divide the world into competing blocs, reducing cooperation and reshaping global trade:

Global trade falls to about 35% of global GDP, down from 57% in 2024—reversing decades of globalization.Defense spending rises to about 7% of global GDP, the highest across BHI’s four scenarios, as countries prioritize security and self-sufficiency.Global GDP growth slows to about 1.8% annually, the lowest across the four scenarios, underpinned by government spending on national security, pensions, and climate mitigation.

Scenario 3: Climate Coalition. A series of extreme weather events in the late 2020s push governments, industries, and consumers to prioritize climate resilience, accelerating the shift to low-carbon energy and infrastructure:

Global warming stabilizes at about 1.8°C.Carbon markets expand globally, with most major economies participating by 2040.The share of fossil fuels in the energy mix falls from 81% today to 35% in 2050, while electricity is generated almost entirely from low-carbon sources.Global GDP growth averages about 2.5% annually, reflecting a focus on the climate transition, slower population growth, and aging societies.

Scenario 4: Digital Darwinism. Rapid technological progress continues under limited regulation, driving strong growth while concentrating wealth and power among leading companies and tech-rich nations:

Global GDP grows at 4% per year, resulting in a near tripling of GDP.The richest 1% holds nearly half of global wealth, while the middle class continues to shrink.Gig-style and short-term contract work expands as AI and automation displace routine knowledge work.Defense spending rises to about 4% of GDP, up from 2.4% in 2024, as the global order becomes more fragmented. At the same time, global trade and supply chains remain open, driven by commercial interests.

What Leaders Can Do Now

 Across all four scenarios, the report highlights “low regret” moves that make sense for business leaders today, including:

Enhance structural resilience. Rebalance toward resilience over efficiency to maintain operations in a more volatile environment.Reimagine talent for aging populations and AI. Build strategies for intergenerational work, more flexible roles, and talent mobility—and recruit more widely, especially from emerging labor markets.Build digital flexibility and trust. Take a modular approach to tech and data stacks that accounts for rapidly changing technologies.Sharpen sensing and influencing capabilities. Develop sensing capacities along dimensions like regulation, geopolitics, resources, and technology. Build the capability to act on them quickly.Embrace a broader societal role. Prepare to shoulder more responsibility for workers’ well-being, local resilience, crisis management, and community needs.

“No one can predict exactly what 2050 will look like, but the forces shaping it are already visible,” said Alan Iny, a partner and director at BCG, a BCG Henderson Institute Fellow, and a coauthor of the report. “Planning for a single future is a gamble. The advantage will go to leaders who prepare for multiple futures and act to shape them before the direction of the world is clear.”

Download the publication here: https://www.bcg.com/publications/2026/beyond-tomorrow-four-scenarios-for-the-world-of-2050

Media Contact:                            
Eric Gregoire
+1 617 850 3783
gregoire.eric@bcg.com

About the BCG Henderson Institute
The BCG Henderson Institute is Boston Consulting Group’s strategy think tank, dedicated to exploring and developing valuable new insights from business, technology, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration from the Institute, please visit our website and follow us on LinkedIn and X (formerly Twitter).

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-global-economy-could-split-in-very-different-directions-by-2050-302746672.html

SOURCE Boston Consulting Group (BCG)

Continue Reading

Technology

DEKRA Korea to Acquire Global Product Service, Strengthening Consumer Electronics Testing and Certification Capabilities in Korea

Published

on

By

GIMHAE-SI, South Korea, April 20, 2026 /PRNewswire/ — DEKRA, a leading global provider of testing, inspection, and certification services, today announced it has signed a definitive agreement to acquire Global Product Service Co., Ltd (GPS), a prominent South Korean company renowned for its expertise in consumer electronics product testing and certification.

This strategic acquisition will significantly enhance DEKRA Korea’s capabilities within the rapidly growing consumer electronics sector, bringing together DEKRA’s global network and comprehensive service portfolio with GPS’s deep-rooted local knowledge and decades of experience serving South Korea’s leading manufacturers.

GPS has established a strong reputation for its in-depth technical expertise and unwavering commitment to quality, particularly within the consumer electronics market. For many years, GPS has been a trusted partner to major South Korean electronics companies, providing testing and certification services that ensure product safety, performance, and compliance with international standards.

The successful acquisition is a result of the strong collaboration and commitment from both DEKRA and GPS. Key representatives who participated in the signing, embodying this collaboration, were Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region; Ming Sheng, Vice President of Automotive Testing, DEKRA China; Young Seok Lee, CEO of Global Product Service Co., Ltd; and Seong Su Kim, Director of Global Product Service Co., Ltd.

“We are thrilled to welcome Global Product Service Co., Ltd to the DEKRA family,” said Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region. “This acquisition represents a significant milestone in our growth strategy in South Korea. GPS’s deep understanding of the local market, combined with their specialized expertise in consumer electronics, perfectly complements DEKRA’s global strengths. Together, we will offer unparalleled testing and certification solutions to our clients, empowering them to bring innovative and reliable products to market with greater speed and confidence.”

The integration of GPS into DEKRA Korea will leverage synergies in technology, talent, and market reach. This will enable DEKRA to further support South Korean manufacturers as they navigate complex global regulatory landscapes and strive for excellence in product development and quality assurance. Clients can expect a seamless transition and continued access to the high-quality services they have come to rely on from both organizations.

Young Seok Lee, CEO of Global Product Service Co., Ltd commented, “Joining forces with DEKRA is an exciting opportunity for GPS. DEKRA’s global reach and extensive resources will allow us to expand our service offerings and better serve our existing and future clients. We are confident that this partnership will create significant value for the South Korean consumer electronics industry, providing enhanced support and innovation.”

About DEKRA

For more than 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA’s anniversary motto, “Securing the Future.” In 2024, DEKRA generated revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/dekra-korea-to-acquire-global-product-service-strengthening-consumer-electronics-testing-and-certification-capabilities-in-korea-302746801.html

SOURCE DEKRA Asia Pacific

Continue Reading

Trending