Hardware Security Module (HSM) technologies continue accelerating toward application-first market solutions. Underpinned by converged platform offerings, vendors now focus on the opportunities delivered from a service-based perspective, according to a new report by global technology intelligence firm ABI Research.
“The strict separation between general-purpose and payment HSMs is dissolving quickly,” explains Michela Menting, Cybersecurity Applications Research Director at ABI Research. “In their latest flagships, many HSM original equipment manufacturers opt to provide just one converged hardware platform tailored to the applications through software packages.” Most HSM OEMs seek to provide all the necessary certifications (FIPS 140-3, PCI PTS HSM v2, and increasingly CC+ EAL) as a baseline for that converged hardware. The differentiation becomes a software and licensing matter that can be easily modified and configured remotely, enabling users to service new applications as their business evolves.
This malleability from a software perspective is key to unlocking the potential of the service-based HSM opportunity, whether managed or hosted (HSM-as-a-Service). Both for enterprise users and managed service providers, it allows for repurposing the HSM for other applications without purchasing new hardware. Further, with advanced hardware capabilities for multi-tenancy and virtualization, HSMs can offer greater multi-usage performance. ABI Research forecasts service-based revenue to reach US$229 million globally by 2027.
“Better understanding by enterprises of the need to leverage trusted services for their cloud migration and digital transformation is a significant driver for HSM applications, with OEMs targeting new markets and use cases not only in the enterprise (SMBs) but also in manufacturing, automotive, telco, and utilities. The HSM market is constantly evolving and ripe for innovation,” Menting concludes.
These findings are from ABI Research’s Hardware Security Modules market data report. This report is part of the company’s Cybersecurity Applications research service, which includes research, data, and ABI Insights. Market Data spreadsheets comprise deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research 是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Asia: +65 6950.5670