Search Market Research Report
Payment HSMs Market Size, Share Global Analysis Report, 2020–2026
Payment HSMs Market By Type (PCI Based, USB Based, Network Based, and Java Based) and By Application (Industrial and Manufacturing, Banking, Financial Services and Insurance (BFSI), and Government): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
The Payment HSMs market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Payment HSMs market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (K Units) and value (USD Million) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Payment HSMs industry. The report analyzes and declares the historical and current trends analysis of the Payment HSMs industry and subsequently recommends the projected trends anticipated to be observed in the Payment HSMs market during the upcoming years.
Key Insights from Primary Research
- As per our major respondents, the payment HSMs market is set to grow annually at a rate of around 7%
- It was established through primary research that the payment HSMs market was valued at around USD 340.00 Million in 2019
- In terms of volume, the payment HSMs market stood at around 51,000.00 K Units, in 2019
- Based on product type segmentation, the “Network-Based” category accounted for around 29% share, in 2019
- Based on application segmentation, the “Banking” category held the leading share at more than 30%, in 2019
Key Recommendations from Analysts
- As per our analysts, the North American market is estimated to grow at a CAGR of 7% during 2019-2026
- As per our analysts, the common payment types of payment HSMs include Payment processors, financial giants, banks, and credit cards.
- The payment HSMs product market used in Java-Based, PCI Based, Network-Based, and USB Based.
- The North American market accounted for a major revenue share of USD 104% Million in 2019 and continues to lead the payment HSMs market.
- The hardware safety element contains more protected cryptoprocessor chips.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Payment HSMs industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Payment HSMs industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Payment HSMs market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Payment HSMs industry. The Payment HSMs market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Payment HSMs sector. Key strategic developments in the Payment HSMs market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Payment HSMs market are appropriately highlighted in the report.
Payment HSMs are used through the worldwide payment ecosystem by payment networks, issuers, processors, service providers, and acquirers. They show a necessary part in sensitive data protection, securing payment, card authentication, credential issuing, and user authentication, for both digital and remote payments. The cryptographic basics of altogether main payments used for a contactless chip, contact chip, mobile secure elements, and host card competition requests are maintained to report the developing security values after organizations with PCI SSC, EMVCo, and Global Stage as part of security requirements.
Some of their mutual usage in the payments ecosystem contains PIN generation, organization, and validation; Payment credentials used for mobile applications and payment cards, Point-to-point encryption (P2PE) key organization and secure data decryption, PIN block translation through the network transferring of POS transactions and ATM.
The Payment HSMs market research report delivers an acute valuation and taxonomy of the Payment HSMs industry by practically splitting the market based on different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Payment HSMs industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Payment HSMs industry is provided for the leading economies of the world.
The Payment HSMs market is segmented based on Type and Application. Based on type segmentation, the market is classified into PCI-based, USB-based, network-based, and java based. In terms of application segmentation, the market is bifurcated into industrial and manufacturing, banking, financial services and insurance (BFSI), and government.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 51.000 Million |
Projected Market Size in 2026 |
USD 81.000 Million |
CAGR Growth Rate |
7% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Westone, Gemalto, Thales, Ultra Electronics, Utimaco, SWIFT, Atos SE, Yubico, Micro Focus, Futurex, JN UNION, JN TASS, SPYRUS Inc., Beijing SansecTechnologyand others. |
Key Segment |
By Type, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Some of the essential players operating in the Payment HSMs market, but not restricted to include:
- Westone
- Gemalto
- Thales
- Ultra Electronics
- Utimaco
- SWIFT
- Atos SE
- Yubico
- Micro Focus
- Futurex
- JN UNION
- JN TASS
- SPYRUS Inc.
- Beijing Sansec Technology
The taxonomy of the Payment HSMs industry by its scope and segmentation is as follows:
By Type Segmentation Analysis
- PCI Based
- USB Based
- Network-Based
- Java Based
By Application Segmentation Analysis
- Industrial and Manufacturing
- Banking
- Financial Services and Insurance (BFSI)
- Government
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Westone
- Gemalto
- Thales
- Ultra Electronics
- Utimaco
- SWIFT
- Atos SE
- Yubico
- Micro Focus
- Futurex
- JN UNION
- JN TASS
- SPYRUS Inc.
- Beijing Sansec Technology
Copyright © 2023 - 2024, All Rights Reserved, Facts and Factors