

The global market for USB-based Hardware Security Module (HSM) was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
A hardware security module (English: Hardware security module, abbreviated as HSM) is a computer hardware device used to protect and manage the digital keys used in strong authentication systems and provide related cryptographic operations at the same time. Hardware security modules are generally directly connected to computers or network servers in the form of expansion cards or external devices.
North American market for USB-based Hardware Security Module (HSM) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for USB-based Hardware Security Module (HSM) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of USB-based Hardware Security Module (HSM) include Thales, Gemalto, Utimaco, Entrust Datacard, ATOS SE, Cavium, Ultra Electronics, Synopsys, exceet Secure Solutions GmbH, Futurex, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for USB-based Hardware Security Module (HSM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding USB-based Hardware Security Module (HSM).
The USB-based Hardware Security Module (HSM) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global USB-based Hardware Security Module (HSM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the USB-based Hardware Security Module (HSM) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Thales
Gemalto
Utimaco
Entrust Datacard
ATOS SE
Cavium
Ultra Electronics
Synopsys
exceet Secure Solutions GmbH
Futurex
Yubico
by Type
Tampering Certificate
Tamper Resistance
by Application
Financial Services and Insurance
Government
General Business
Manufacturing
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of USB-based Hardware Security Module (HSM) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of USB-based Hardware Security Module (HSM) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of USB-based Hardware Security Module (HSM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 USB-based Hardware Security Module (HSM) Market Overview
1.1 Product Definition
1.2 USB-based Hardware Security Module (HSM) by Type
1.2.1 Global USB-based Hardware Security Module (HSM) Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Tampering Certificate
1.2.3 Tamper Resistance
1.3 USB-based Hardware Security Module (HSM) by Application
1.3.1 Global USB-based Hardware Security Module (HSM) Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Financial Services and Insurance
1.3.3 Government
1.3.4 General Business
1.3.5 Manufacturing
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global USB-based Hardware Security Module (HSM) Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global USB-based Hardware Security Module (HSM) Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global USB-based Hardware Security Module (HSM) Production Estimates and Forecasts (2020-2031)
1.4.4 Global USB-based Hardware Security Module (HSM) Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global USB-based Hardware Security Module (HSM) Production Market Share by Manufacturers (2020-2025)
2.2 Global USB-based Hardware Security Module (HSM) Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of USB-based Hardware Security Module (HSM), Industry Ranking, 2023 VS 2024
2.4 Global USB-based Hardware Security Module (HSM) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global USB-based Hardware Security Module (HSM) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of USB-based Hardware Security Module (HSM), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of USB-based Hardware Security Module (HSM), Product Offered and Application
2.8 Global Key Manufacturers of USB-based Hardware Security Module (HSM), Date of Enter into This Industry
2.9 USB-based Hardware Security Module (HSM) Market Competitive Situation and Trends
2.9.1 USB-based Hardware Security Module (HSM) Market Concentration Rate
2.9.2 Global 5 and 10 Largest USB-based Hardware Security Module (HSM) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 USB-based Hardware Security Module (HSM) Production by Region
3.1 Global USB-based Hardware Security Module (HSM) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global USB-based Hardware Security Module (HSM) Production Value by Region (2020-2031)
3.2.1 Global USB-based Hardware Security Module (HSM) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of USB-based Hardware Security Module (HSM) by Region (2026-2031)
3.3 Global USB-based Hardware Security Module (HSM) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global USB-based Hardware Security Module (HSM) Production Volume by Region (2020-2031)
3.4.1 Global USB-based Hardware Security Module (HSM) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of USB-based Hardware Security Module (HSM) by Region (2026-2031)
3.5 Global USB-based Hardware Security Module (HSM) Market Price Analysis by Region (2020-2025)
3.6 Global USB-based Hardware Security Module (HSM) Production and Value, Year-over-Year Growth
3.6.1 North America USB-based Hardware Security Module (HSM) Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe USB-based Hardware Security Module (HSM) Production Value Estimates and Forecasts (2020-2031)
3.6.3 China USB-based Hardware Security Module (HSM) Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan USB-based Hardware Security Module (HSM) Production Value Estimates and Forecasts (2020-2031)
4 USB-based Hardware Security Module (HSM) Consumption by Region
4.1 Global USB-based Hardware Security Module (HSM) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global USB-based Hardware Security Module (HSM) Consumption by Region (2020-2031)
4.2.1 Global USB-based Hardware Security Module (HSM) Consumption by Region (2020-2025)
4.2.2 Global USB-based Hardware Security Module (HSM) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America USB-based Hardware Security Module (HSM) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America USB-based Hardware Security Module (HSM) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe USB-based Hardware Security Module (HSM) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe USB-based Hardware Security Module (HSM) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific USB-based Hardware Security Module (HSM) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific USB-based Hardware Security Module (HSM) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa USB-based Hardware Security Module (HSM) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa USB-based Hardware Security Module (HSM) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Israel
5 Segment by Type
5.1 Global USB-based Hardware Security Module (HSM) Production by Type (2020-2031)
5.1.1 Global USB-based Hardware Security Module (HSM) Production by Type (2020-2025)
5.1.2 Global USB-based Hardware Security Module (HSM) Production by Type (2026-2031)
5.1.3 Global USB-based Hardware Security Module (HSM) Production Market Share by Type (2020-2031)
5.2 Global USB-based Hardware Security Module (HSM) Production Value by Type (2020-2031)
5.2.1 Global USB-based Hardware Security Module (HSM) Production Value by Type (2020-2025)
5.2.2 Global USB-based Hardware Security Module (HSM) Production Value by Type (2026-2031)
5.2.3 Global USB-based Hardware Security Module (HSM) Production Value Market Share by Type (2020-2031)
5.3 Global USB-based Hardware Security Module (HSM) Price by Type (2020-2031)
6 Segment by Application
6.1 Global USB-based Hardware Security Module (HSM) Production by Application (2020-2031)
6.1.1 Global USB-based Hardware Security Module (HSM) Production by Application (2020-2025)
6.1.2 Global USB-based Hardware Security Module (HSM) Production by Application (2026-2031)
6.1.3 Global USB-based Hardware Security Module (HSM) Production Market Share by Application (2020-2031)
6.2 Global USB-based Hardware Security Module (HSM) Production Value by Application (2020-2031)
6.2.1 Global USB-based Hardware Security Module (HSM) Production Value by Application (2020-2025)
6.2.2 Global USB-based Hardware Security Module (HSM) Production Value by Application (2026-2031)
6.2.3 Global USB-based Hardware Security Module (HSM) Production Value Market Share by Application (2020-2031)
6.3 Global USB-based Hardware Security Module (HSM) Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Thales
7.1.1 Thales USB-based Hardware Security Module (HSM) Company Information
7.1.2 Thales USB-based Hardware Security Module (HSM) Product Portfolio
7.1.3 Thales USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Thales Main Business and Markets Served
7.1.5 Thales Recent Developments/Updates
7.2 Gemalto
7.2.1 Gemalto USB-based Hardware Security Module (HSM) Company Information
7.2.2 Gemalto USB-based Hardware Security Module (HSM) Product Portfolio
7.2.3 Gemalto USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Gemalto Main Business and Markets Served
7.2.5 Gemalto Recent Developments/Updates
7.3 Utimaco
7.3.1 Utimaco USB-based Hardware Security Module (HSM) Company Information
7.3.2 Utimaco USB-based Hardware Security Module (HSM) Product Portfolio
7.3.3 Utimaco USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Utimaco Main Business and Markets Served
7.3.5 Utimaco Recent Developments/Updates
7.4 Entrust Datacard
7.4.1 Entrust Datacard USB-based Hardware Security Module (HSM) Company Information
7.4.2 Entrust Datacard USB-based Hardware Security Module (HSM) Product Portfolio
7.4.3 Entrust Datacard USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Entrust Datacard Main Business and Markets Served
7.4.5 Entrust Datacard Recent Developments/Updates
7.5 ATOS SE
7.5.1 ATOS SE USB-based Hardware Security Module (HSM) Company Information
7.5.2 ATOS SE USB-based Hardware Security Module (HSM) Product Portfolio
7.5.3 ATOS SE USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 ATOS SE Main Business and Markets Served
7.5.5 ATOS SE Recent Developments/Updates
7.6 Cavium
7.6.1 Cavium USB-based Hardware Security Module (HSM) Company Information
7.6.2 Cavium USB-based Hardware Security Module (HSM) Product Portfolio
7.6.3 Cavium USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Cavium Main Business and Markets Served
7.6.5 Cavium Recent Developments/Updates
7.7 Ultra Electronics
7.7.1 Ultra Electronics USB-based Hardware Security Module (HSM) Company Information
7.7.2 Ultra Electronics USB-based Hardware Security Module (HSM) Product Portfolio
7.7.3 Ultra Electronics USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Ultra Electronics Main Business and Markets Served
7.7.5 Ultra Electronics Recent Developments/Updates
7.8 Synopsys
7.8.1 Synopsys USB-based Hardware Security Module (HSM) Company Information
7.8.2 Synopsys USB-based Hardware Security Module (HSM) Product Portfolio
7.8.3 Synopsys USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Synopsys Main Business and Markets Served
7.8.5 Synopsys Recent Developments/Updates
7.9 exceet Secure Solutions GmbH
7.9.1 exceet Secure Solutions GmbH USB-based Hardware Security Module (HSM) Company Information
7.9.2 exceet Secure Solutions GmbH USB-based Hardware Security Module (HSM) Product Portfolio
7.9.3 exceet Secure Solutions GmbH USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.9.4 exceet Secure Solutions GmbH Main Business and Markets Served
7.9.5 exceet Secure Solutions GmbH Recent Developments/Updates
7.10 Futurex
7.10.1 Futurex USB-based Hardware Security Module (HSM) Company Information
7.10.2 Futurex USB-based Hardware Security Module (HSM) Product Portfolio
7.10.3 Futurex USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Futurex Main Business and Markets Served
7.10.5 Futurex Recent Developments/Updates
7.11 Yubico
7.11.1 Yubico USB-based Hardware Security Module (HSM) Company Information
7.11.2 Yubico USB-based Hardware Security Module (HSM) Product Portfolio
7.11.3 Yubico USB-based Hardware Security Module (HSM) Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Yubico Main Business and Markets Served
7.11.5 Yubico Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 USB-based Hardware Security Module (HSM) Industry Chain Analysis
8.2 USB-based Hardware Security Module (HSM) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 USB-based Hardware Security Module (HSM) Production Mode & Process Analysis
8.4 USB-based Hardware Security Module (HSM) Sales and Marketing
8.4.1 USB-based Hardware Security Module (HSM) Sales Channels
8.4.2 USB-based Hardware Security Module (HSM) Distributors
8.5 USB-based Hardware Security Module (HSM) Customer Analysis
9 USB-based Hardware Security Module (HSM) Market Dynamics
9.1 USB-based Hardware Security Module (HSM) Industry Trends
9.2 USB-based Hardware Security Module (HSM) Market Drivers
9.3 USB-based Hardware Security Module (HSM) Market Challenges
9.4 USB-based Hardware Security Module (HSM) Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Thales
Gemalto
Utimaco
Entrust Datacard
ATOS SE
Cavium
Ultra Electronics
Synopsys
exceet Secure Solutions GmbH
Futurex
Yubico
Ìý
Ìý
*If Applicable.