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The global Hardware Security Modules (HSM) market size is expected to reach $ 2920.4 million by 2030, rising at a market growth of 12.5% CAGR during the forecast period (2024-2030).

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According to our (Global Info Research) latest study, the global Hardware Security Modules (HSM) market size was valued at USD 1279.1 million in 2023 and is forecast to a readjusted size of USD 2920.4 million by 2030 with a CAGR of 12.5% during review period.

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The global Cloud Hardware Security Modules (HSM) market size is expected to reach $ million by 2030, rising at a market growth of % CAGR during the forecast period (2024-2030).

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According to our (Global Info Research) latest study, the global Cloud Hardware Security Modules (HSM) market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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The global Hardware Security Modules (HSM) as a Service market size is expected to reach $ million by 2030, rising at a market growth of % CAGR during the forecast period (2024-2030).

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According to our (Global Info Research) latest study, the global Hardware Security Modules (HSM) as a Service market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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A hardware security module (HSM) is a physical computing device that safeguards and manages digital keys for strong authentication and provides crypto processing. These modules traditionally come in the form of a plug-in card or an external device that attaches directly to a computer or network server. Hardware Security Modules (HSM) are devices specifically built to create a tamper-resistant environment in which to perform cryptographic processes (e.g. encryption or digital signing) and to manage keys associated with those processes. HSMs often provide cryptographic acceleration that is measured in terms of operations. These devices are used to protect critical data processing activities associated with server based applications and can be used to strongly enforce security policies and access controls. These modules are physical devices that traditionally come in the form of a plug-in card or an external network connected appliance and are often validated against security standards such as FIPS.

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The global Hardware Security Modules (HSM) market size is expected to reach $ 2920.4 million by 2029, rising at a market growth of 12.5% CAGR during the forecast period (2023-2029).

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The global Cloud Hardware Security Modules (HSM) market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

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New programming developments have made it possible for cloud providers to offer the benefits of having an HSM without the associated costs of owning and managing the module itself. With HSM as a Service, the cloud provider makes it possible for users to generate their own encryption keys and set access protocols for their data. While the cloud provider manages access to the HSM, the cryptographic keys themselves remain under the exclusive control of its customers.

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