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Payment HSMs Market

Payment HSMs Market Size, Share & Trends Analysis Distribution by Type (PCI Based, USB Based, Network Based), Applications (Code and Document Signing, Secure Sockets Layer (SSL) and Transport Layer Security (TLS), Authentication, Database Encryption, PKI or Credential Management, Others), End User and Segment Forecasts, 2024-2031

Report ID : 2620 | Published : 2024-07-31 | Pages: 175 | Format: PDF/EXCEL/Power BI Dashbord

The Payment HSMs Market Size is predicted to grow at an 7.72% CAGR during the forecast period for 2024-2031.

payment HSM

Payment Hardware Security Modules (HSMs) are specialized, tamper-resistant hardware devices used primarily by the retail banking industry to protect cryptographic keys and customer Personal Identification Numbers (PINs) during the issuing of payment cards and the subsequent processing of credit and debit card transactions. They provide native cryptographic support for major card scheme applications and undergo rigorous independent hardware certification under global standards such as FIPS 140-2 and PCI HSM. Payment HSMs play a crucial role in safeguarding sensitive information, such as cryptographic keys and PINs, used in payment transactions.

The growth of the Payment HSM market is driven by the need for compliance with stringent regulations like the Payment Card Industry Data Security Standard (PCI DSS). These regulations set strict guidelines for the handling and protection of sensitive data, and HSMs help financial institutions and payment systems meet these requirements. By using HSMs to secure sensitive data and transactions, organizations can demonstrate their commitment to security and build trust with customers. The ability of HSMs to facilitate secure data encryption, PIN generation and validation, EMV transaction processing, and secure data decryption makes them indispensable in the payment ecosystem.

Competitive Landscape

Some of the Key Players in Payment HSMs Market:

  • American Express
  • ATOS
  • AWS
  • Azure
  • Discover
  • FutureX
  • Gemalto NV
  • Google
  • Hewlett-Packard Enterprise Development LP
  • IBM Corporation
  • Infineon Technologies (Germany)
  • JCB International
  • Kryptus
  • Mastercard
  • Microchip Technology (US)
  • Microsoft Corporation
  • Procenne
  • STMicroelectronics (Switzerland)
  • SWIFT
  • Thales e-Security, Inc.
  • Ultra-Electronics
  • UnionPay
  • Utimaco GmbH
  • Visa Inc.
  • Worldline
  • Intexus
  • Securosys
  • Other Prominent Players

Market Segmentation:

The payment HSMs market is by type, applications, end user. By type the market is segmented into PCI based, USB based, Network based. By applications, the market is categorized into code and document signing, secure sockets layer. By End User the market is categorized into BFSI, government, technology and communications, manufacturing industry, energy and utilities, retail and consumer products, and others.

PCI Based is Expected to Drive the Payment HSMs Market

The PCI Based segment is driving the Payment HSMs market due to its high security standards, increased demand for payment security, regulatory compliance, and versatility in applications. Designed to meet stringent PCI security requirements, PCI Based HSMs offer robust protection for sensitive data, crucial for preventing fraud and data breaches. The rapid growth of e-commerce and digital payments heightens the need for secure payment solutions, and PCI Based HSMs provide advanced cryptographic capabilities essential for secure transactions. Compliance with PCI standards is mandatory, helping businesses protect information and avoid penalties, while their adaptability across various payment environments makes them a preferred choice for financial institutions and payment processors.

The Oncology Disorder Is Growing At The Highest Rate In The Payment HSMs Market.

The Secure Sockets Layer (SSL) segment is experiencing significant growth in the Payment HSMs market due to the rising e-commerce and digital payments, heightened cybersecurity concerns, and regulatory compliance requirements. The surge in online transactions has intensified the demand for secure communication channels, with SSL playing a crucial role in encrypting data transmitted over the internet. The increasing cyber threats and data breaches have led organizations to prioritize the security of their payment systems, driving the adoption of Payment HSMs that support SSL encryption. Additionally, compliance with data protection regulations like PCI DSS mandates the use of SSL to encrypt sensitive data in transit, further boosting the demand for SSL-equipped Payment HSMs across various industries.

Regionally, North America Led the Payment HSMs Market.

Technological advancements, high demand for payment security, an established financial sector, and regulatory compliance are driving the growth of the Payment HSMs market in North America. Leading technology companies and financial institutions in the United States spearhead innovation in payment security solutions, emphasizing the adoption of advanced technologies like Payment HSMs to enhance transaction security. The increasing volume of online transactions and rising cyber threats heighten the demand for secure payment processing solutions. North America's well-established banking sector, coupled with stringent regulations such as PCI DSS, further drives the adoption of HSM technology to protect sensitive payment data and ensure compliance.

Payment HSMs Market Report Scope

Report Attribute

Specifications

Growth Rate CAGR

CAGR of 7.72 % from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Bn and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Type, By Applications, By End User and By Region

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

American Express, ATOS, AWS, Azure, Discover, FutureX, Gemalto NV, Google, Hewlett-Packard Enterprise Development LP, IBM Corporation, Infineon Technologies, JCB International, Kryptus, Mastercard, Microchip Technology, Microsoft Corporation, Procenne, STMicroelectronics (Switzerland), SWIFT, Thales e-Security, Inc. Ultra-Electronics, UnionPay, Utimaco GmbH, Visa Inc., Worldline, Yubico, Intexus, Securosys, Broadcom Inc.      

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape.                     

Pricing and Available Payment Methods

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Payment HSMs Market Snapshot

Chapter 4. Global Payment HSMs Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

5.2.1. PCI Based
5.2.2. USB Based
5.2.3. Network Based

Chapter 6. Market Segmentation 2: by Applications Estimates & Trend Analysis
6.1. by Applications & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Applications:

6.2.1. Code and Document Signing
6.2.2. Secure Sockets Layer

Chapter 7. Market Segmentation 3: by End User Estimates & Trend Analysis
7.1. by End User & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End User:

7.2.1. BFSI
7.2.2. Government
7.2.3. Technology and Communications
7.2.4. Manufacturing Industry
7.2.5. Energy and Utilities
7.2.6. Retail and Consumer Products
7.2.7. Others

Chapter 8. Payment HSMs Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America
8.1.1. North America Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
8.1.2. North America Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
8.1.3. North America Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.1.4. North America Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.2. Europe
8.2.1. Europe Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
8.2.2. Europe Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
8.2.3. Europe Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.2.4. Europe Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.3. Asia Pacific
8.3.1. Asia Pacific Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
8.3.2. Asia Pacific Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
8.3.3. Asia-Pacific Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.3.4. Asia Pacific Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.4. Latin America
8.4.1. Latin America Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
8.4.2. Latin America Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
8.4.3. Latin America Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.4.4. Latin America Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

8.5. Middle East & Africa
8.5.1. Middle East & Africa Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
8.5.2. Middle East & Africa Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by Applications, 2024-2031
8.5.3. Middle East & Africa Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.5.4. Middle East & Africa Payment HSMs Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles

9.2.1. American Express
9.2.2. ATOS
9.2.3. AWS
9.2.4. Azure
9.2.5. Discover
9.2.6. FutureX
9.2.7. Gemalto NV
9.2.8. Google
9.2.9. Hewlett-Packard Enterprise Development LP
9.2.10. IBM Corporation
9.2.11. Infineon Technologies
9.2.12. JCB International
9.2.13. Kryptus
9.2.14. Mastercard
9.2.15. Microchip Technology
9.2.16. Microsoft Corporation
9.2.17. Procenne
9.2.18. STMicroelectronics
9.2.19. SWIFT
9.2.20. Thales e-Security, Inc.
9.2.21. Ultra-Electronics
9.2.22. UnionPay
9.2.23. Utimaco GmbH
9.2.24. Visa Inc.
9.2.25. Worldline
9.2.26. Intexus
9.2.27. Securosys
9.2.28. Other Prominent Players

Segmentation of Payment HSMs Market -

Payment HSMs Market by Type -

  • PCI Based
  • USB Based
  • Network Based

payment HSM

Payment HSMs Market by Applications -

  • Code and Document Signing
  • Secure Sockets Layer

 Payment HSMs Market by End User -

  • BFSI
  • Government
  • Technology and Communications
  • Manufacturing Industry
  • Energy and Utilities
  • Retail and Consumer Products
  • Others           

Payment HSMs Market by Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

 

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Frequently Asked Questions

What is the Payment HSMs Market Growth?

American Express, ATOS, AWS, Azure, Discover, FutureX, Gemalto NV, Google, Hewlett-Packard Enterprise Development LP, IBM Corporation, Infineon Techno

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