Hardware Security Modules Market Size, Share, Statistics and Industry Growth Analysis Report
The Hardware Security Modules (HSM) market is anticipated to see substantial growth, with its value forecasted to increase from USD 1.2 billion in 2024 to around USD 2.7 billion by 2029, reflecting a CAGR of 17.4% over the forecast period. HSMs are specialized hardware devices that offer cryptographic processing, key management, and secure storage. They play a vital role in protecting sensitive data and ensuring transaction integrity and confidentiality across multiple sectors, including banking, finance, government, and healthcare.