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Hardware Security Modules Market Worth 1,101.2 Million USD by 2022PUNE, India, March 27, 2017 /PRNewswire/ -- According to a new market research report, "Hardware Security Modules Market by Type (LAN Based, PCIE Based, USB Based), Application (Payment Processing, Authentication, Code and Document Signing, PKI, Application Level and Database Encryption, SSL), Industry, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to grow at a CAGR of 12.87% to reach USD 1,101.2 Million by 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 68 market data Tables and 58 Figures spread through 147 Pages and in-depth TOC on "Hardware Security Modules Market" http://www.marketsandmarkets.com/Market-Reports/hardware-security-modules-market-162277475.html Factors such as the increase in data breaches and cyberattacks, mandates for HSM manufacturers to comply with the internal and external privacy and data security regulations, and effective management of cryptographic keys are driving the growth of the hardware security modules market. The USB-based/portable HSM type is expected to witness a high growth rate during the forecast period The market for USB-based/portable HSM is expected to grow at the highest CAGR between 2017 and 2022. As USB-based HSMs are portable and easy to deploy without the need for any external hardware or tool, these are expected to be widely adopted in the near future. The features such as built-in PKI, key backup, and open-source middleware tools are expected to increase the demand for USB-based HSMs during the forecast period. Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=162277475 The market for the authentication application is expected to grow at the highest rate during the forecast period The use of HSMs for the authentication application can reduce fraud and protect sers from internet attacks while shopping online or accessing confidential or private information through a web portal or application. It also provides organizations the ability to enforce different levels of authentication, depending on the user activity and transaction value, resulting in the high growth rate of the authentication application during the forecast period. The market in Latin America is expected to grow at the highest rate during the forecast period Latin America is expected to be the fastest-growing market for hardware security modules, followed by APAC during the forecast period. The market in Latin America is expected to grow at the highest rate during the forecast period owing to the formulation of new regulatory compliances and the adoption of modern technologies such as cloud and IoT, creating a huge opportunity for data and information security. Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=162277475 The major players operating in the hardware security modules market include Gemalto NV (Amsterdam), Thales e-Security, Inc. (U.S.), Utimaco GmbH (Germany), International Business Machines Corporation (U.S.), FutureX (U.S.), Hewlett-Packard Enterprise Development LP (U.S.) SWIFT (Belgium), Atos SE (France), Ultra-Electronics (U.K.), and Yubico (U.S.). Browse Related Reports Hardware Encryption Market by Algorithm and Standard (AES and RSA), Architecture (FPGA and ASIC), Product (Internal and External Hard Disk Drive, Solid-State Drive, USB, and Inline Encryptor), Application, Vertical, and Geography - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/hardware-based-encryption-systems-market-1115.html Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. 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