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HSM Service Revenue

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Transforming HSM Markets: A Cloud-based Service Expansion

Report | 3Q 2022 | AN-5619

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ABI Research expects there to be US$245.6 million in HSM revenue worldwide by 2026, growing at a Compound Annual Growth Rate (CAGR) of 17.1% between 2021 and 2026. While traditional Hardware Application Services will continue to dominate the HSM market, there is considerable growth in the cloud space, as evident by the 32.7% CAGR in hosted services.