Global hardware security modules market projected to reach $3.85 billion by 2030 with 13.9% CAGR

From GlobeNewswire: 2024-10-17 10:15:00

The global hardware security modules market is growing due to rising data breach cases and increased adoption for retail payment transactions. The market is projected to reach $3.85 billion by 2030, with a CAGR of 13.9%. Major players are developing innovative HSM solutions for cloud-based applications, aiming to enhance data protection and management. Europe leads the market, followed by North America and Asia Pacific. Hardware security modules are crucial for securing sensitive data in an era of increasing cyberattacks and digital transactions.



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