Global HSM as a Service Market Research Report 2025

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global HSM as a Service Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Fully Managed HSM Services
1.2.3 Self-Managed HSM Services
1.3 Market by Application
1.3.1 Global HSM as a Service Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Telecom
1.3.3 Healthcare
1.3.4 Manufacturing
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global HSM as a Service Market Perspective (2020-2031)
2.2 Global HSM as a Service Growth Trends by Region
2.2.1 Global HSM as a Service Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 HSM as a Service Historic Market Size by Region (2020-2025)
2.2.3 HSM as a Service Forecasted Market Size by Region (2026-2031)
2.3 HSM as a Service Market Dynamics
2.3.1 HSM as a Service Industry Trends
2.3.2 HSM as a Service Market Drivers
2.3.3 HSM as a Service Market Challenges
2.3.4 HSM as a Service Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top HSM as a Service Players by Revenue
3.1.1 Global Top HSM as a Service Players by Revenue (2020-2025)
3.1.2 Global HSM as a Service Revenue Market Share by Players (2020-2025)
3.2 Global HSM as a Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by HSM as a Service Revenue
3.4 Global HSM as a Service Market Concentration Ratio
3.4.1 Global HSM as a Service Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by HSM as a Service Revenue in 2024
3.5 Global Key Players of HSM as a Service Head office and Area Served
3.6 Global Key Players of HSM as a Service, Product and Application
3.7 Global Key Players of HSM as a Service, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 HSM as a Service Breakdown Data by Type
4.1 Global HSM as a Service Historic Market Size by Type (2020-2025)
4.2 Global HSM as a Service Forecasted Market Size by Type (2026-2031)
5 HSM as a Service Breakdown Data by Application
5.1 Global HSM as a Service Historic Market Size by Application (2020-2025)
5.2 Global HSM as a Service Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America HSM as a Service Market Size (2020-2031)
6.2 North America HSM as a Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America HSM as a Service Market Size by Country (2020-2025)
6.4 North America HSM as a Service Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe HSM as a Service Market Size (2020-2031)
7.2 Europe HSM as a Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe HSM as a Service Market Size by Country (2020-2025)
7.4 Europe HSM as a Service Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific HSM as a Service Market Size (2020-2031)
8.2 Asia-Pacific HSM as a Service Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific HSM as a Service Market Size by Region (2020-2025)
8.4 Asia-Pacific HSM as a Service Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America HSM as a Service Market Size (2020-2031)
9.2 Latin America HSM as a Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America HSM as a Service Market Size by Country (2020-2025)
9.4 Latin America HSM as a Service Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa HSM as a Service Market Size (2020-2031)
10.2 Middle East & Africa HSM as a Service Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa HSM as a Service Market Size by Country (2020-2025)
10.4 Middle East & Africa HSM as a Service Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Entrust Corporation
11.1.1 Entrust Corporation Company Details
11.1.2 Entrust Corporation Business Overview
11.1.3 Entrust Corporation HSM as a Service Introduction
11.1.4 Entrust Corporation Revenue in HSM as a Service Business (2020-2025)
11.1.5 Entrust Corporation Recent Development
11.2 Utimaco
11.2.1 Utimaco Company Details
11.2.2 Utimaco Business Overview
11.2.3 Utimaco HSM as a Service Introduction
11.2.4 Utimaco Revenue in HSM as a Service Business (2020-2025)
11.2.5 Utimaco Recent Development
11.3 IBM Corporation
11.3.1 IBM Corporation Company Details
11.3.2 IBM Corporation Business Overview
11.3.3 IBM Corporation HSM as a Service Introduction
11.3.4 IBM Corporation Revenue in HSM as a Service Business (2020-2025)
11.3.5 IBM Corporation Recent Development
11.4 Thales
11.4.1 Thales Company Details
11.4.2 Thales Business Overview
11.4.3 Thales HSM as a Service Introduction
11.4.4 Thales Revenue in HSM as a Service Business (2020-2025)
11.4.5 Thales Recent Development
11.5 Futureex
11.5.1 Futureex Company Details
11.5.2 Futureex Business Overview
11.5.3 Futureex HSM as a Service Introduction
11.5.4 Futureex Revenue in HSM as a Service Business (2020-2025)
11.5.5 Futureex Recent Development
11.6 Fortanix
11.6.1 Fortanix Company Details
11.6.2 Fortanix Business Overview
11.6.3 Fortanix HSM as a Service Introduction
11.6.4 Fortanix Revenue in HSM as a Service Business (2020-2025)
11.6.5 Fortanix Recent Development
11.7 Atos
11.7.1 Atos Company Details
11.7.2 Atos Business Overview
11.7.3 Atos HSM as a Service Introduction
11.7.4 Atos Revenue in HSM as a Service Business (2020-2025)
11.7.5 Atos Recent Development
11.8 Securosys
11.8.1 Securosys Company Details
11.8.2 Securosys Business Overview
11.8.3 Securosys HSM as a Service Introduction
11.8.4 Securosys Revenue in HSM as a Service Business (2020-2025)
11.8.5 Securosys Recent Development
11.9 Ultra Electronics
11.9.1 Ultra Electronics Company Details
11.9.2 Ultra Electronics Business Overview
11.9.3 Ultra Electronics HSM as a Service Introduction
11.9.4 Ultra Electronics Revenue in HSM as a Service Business (2020-2025)
11.9.5 Ultra Electronics Recent Development
11.10 Yubico
11.10.1 Yubico Company Details
11.10.2 Yubico Business Overview
11.10.3 Yubico HSM as a Service Introduction
11.10.4 Yubico Revenue in HSM as a Service Business (2020-2025)
11.10.5 Yubico Recent Development
11.11 Syprus
11.11.1 Syprus Company Details
11.11.2 Syprus Business Overview
11.11.3 Syprus HSM as a Service Introduction
11.11.4 Syprus Revenue in HSM as a Service Business (2020-2025)
11.11.5 Syprus Recent Development
11.12 Kryptus
11.12.1 Kryptus Company Details
11.12.2 Kryptus Business Overview
11.12.3 Kryptus HSM as a Service Introduction
11.12.4 Kryptus Revenue in HSM as a Service Business (2020-2025)
11.12.5 Kryptus Recent Development
11.13 Nitrokey
11.13.1 Nitrokey Company Details
11.13.2 Nitrokey Business Overview
11.13.3 Nitrokey HSM as a Service Introduction
11.13.4 Nitrokey Revenue in HSM as a Service Business (2020-2025)
11.13.5 Nitrokey Recent Development
11.14 Adweb Technologies
11.14.1 Adweb Technologies Company Details
11.14.2 Adweb Technologies Business Overview
11.14.3 Adweb Technologies HSM as a Service Introduction
11.14.4 Adweb Technologies Revenue in HSM as a Service Business (2020-2025)
11.14.5 Adweb Technologies Recent Development
11.15 Sansec
11.15.1 Sansec Company Details
11.15.2 Sansec Business Overview
11.15.3 Sansec HSM as a Service Introduction
11.15.4 Sansec Revenue in HSM as a Service Business (2020-2025)
11.15.5 Sansec Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

List of Tables
Table 1. Global HSM as a Service Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
Table 2. Key Players of Fully Managed HSM Services
Table 3. Key Players of Self-Managed HSM Services
Table 4. Global HSM as a Service Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
Table 5. Global HSM as a Service Market Size by Region (US$ Million): 2020 VS 2024 VS 2031
Table 6. Global HSM as a Service Market Size by Region (2020-2025) & (US$ Million)
Table 7. Global HSM as a Service Market Share by Region (2020-2025)
Table 8. Global HSM as a Service Forecasted Market Size by Region (2026-2031) & (US$ Million)
Table 9. Global HSM as a Service Market Share by Region (2026-2031)
Table 10. HSM as a Service Market Trends
Table 11. HSM as a Service Market Drivers
Table 12. HSM as a Service Market Challenges
Table 13. HSM as a Service Market Restraints
Table 14. Global HSM as a Service Revenue by Players (2020-2025) & (US$ Million)
Table 15. Global HSM as a Service Market Share by Players (2020-2025)
Table 16. Global Top HSM as a Service Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HSM as a Service as of 2024)
Table 17. Ranking of Global Top HSM as a Service Companies by Revenue (US$ Million) in 2024
Table 18. Global 5 Largest Players Market Share by HSM as a Service Revenue (CR5 and HHI) & (2020-2025)
Table 19. Global Key Players of HSM as a Service, Headquarters and Area Served
Table 20. Global Key Players of HSM as a Service, Product and Application
Table 21. Global Key Players of HSM as a Service, Date of Enter into This Industry
Table 22. Mergers & Acquisitions, Expansion Plans
Table 23. Global HSM as a Service Market Size by Type (2020-2025) & (US$ Million)
Table 24. Global HSM as a Service Revenue Market Share by Type (2020-2025)
Table 25. Global HSM as a Service Forecasted Market Size by Type (2026-2031) & (US$ Million)
Table 26. Global HSM as a Service Revenue Market Share by Type (2026-2031)
Table 27. Global HSM as a Service Market Size by Application (2020-2025) & (US$ Million)
Table 28. Global HSM as a Service Revenue Market Share by Application (2020-2025)
Table 29. Global HSM as a Service Forecasted Market Size by Application (2026-2031) & (US$ Million)
Table 30. Global HSM as a Service Revenue Market Share by Application (2026-2031)
Table 31. North America HSM as a Service Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
Table 32. North America HSM as a Service Market Size by Country (2020-2025) & (US$ Million)
Table 33. North America HSM as a Service Market Size by Country (2026-2031) & (US$ Million)
Table 34. Europe HSM as a Service Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
Table 35. Europe HSM as a Service Market Size by Country (2020-2025) & (US$ Million)
Table 36. Europe HSM as a Service Market Size by Country (2026-2031) & (US$ Million)
Table 37. Asia-Pacific HSM as a Service Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031
Table 38. Asia-Pacific HSM as a Service Market Size by Region (2020-2025) & (US$ Million)
Table 39. Asia-Pacific HSM as a Service Market Size by Region (2026-2031) & (US$ Million)
Table 40. Latin America HSM as a Service Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
Table 41. Latin America HSM as a Service Market Size by Country (2020-2025) & (US$ Million)
Table 42. Latin America HSM as a Service Market Size by Country (2026-2031) & (US$ Million)
Table 43. Middle East & Africa HSM as a Service Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
Table 44. Middle East & Africa HSM as a Service Market Size by Country (2020-2025) & (US$ Million)
Table 45. Middle East & Africa HSM as a Service Market Size by Country (2026-2031) & (US$ Million)
Table 46. Entrust Corporation Company Details
Table 47. Entrust Corporation Business Overview
Table 48. Entrust Corporation HSM as a Service Product
Table 49. Entrust Corporation Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 50. Entrust Corporation Recent Development
Table 51. Utimaco Company Details
Table 52. Utimaco Business Overview
Table 53. Utimaco HSM as a Service Product
Table 54. Utimaco Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 55. Utimaco Recent Development
Table 56. IBM Corporation Company Details
Table 57. IBM Corporation Business Overview
Table 58. IBM Corporation HSM as a Service Product
Table 59. IBM Corporation Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 60. IBM Corporation Recent Development
Table 61. Thales Company Details
Table 62. Thales Business Overview
Table 63. Thales HSM as a Service Product
Table 64. Thales Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 65. Thales Recent Development
Table 66. Futureex Company Details
Table 67. Futureex Business Overview
Table 68. Futureex HSM as a Service Product
Table 69. Futureex Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 70. Futureex Recent Development
Table 71. Fortanix Company Details
Table 72. Fortanix Business Overview
Table 73. Fortanix HSM as a Service Product
Table 74. Fortanix Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 75. Fortanix Recent Development
Table 76. Atos Company Details
Table 77. Atos Business Overview
Table 78. Atos HSM as a Service Product
Table 79. Atos Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 80. Atos Recent Development
Table 81. Securosys Company Details
Table 82. Securosys Business Overview
Table 83. Securosys HSM as a Service Product
Table 84. Securosys Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 85. Securosys Recent Development
Table 86. Ultra Electronics Company Details
Table 87. Ultra Electronics Business Overview
Table 88. Ultra Electronics HSM as a Service Product
Table 89. Ultra Electronics Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 90. Ultra Electronics Recent Development
Table 91. Yubico Company Details
Table 92. Yubico Business Overview
Table 93. Yubico HSM as a Service Product
Table 94. Yubico Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 95. Yubico Recent Development
Table 96. Syprus Company Details
Table 97. Syprus Business Overview
Table 98. Syprus HSM as a Service Product
Table 99. Syprus Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 100. Syprus Recent Development
Table 101. Kryptus Company Details
Table 102. Kryptus Business Overview
Table 103. Kryptus HSM as a Service Product
Table 104. Kryptus Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 105. Kryptus Recent Development
Table 106. Nitrokey Company Details
Table 107. Nitrokey Business Overview
Table 108. Nitrokey HSM as a Service Product
Table 109. Nitrokey Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 110. Nitrokey Recent Development
Table 111. Adweb Technologies Company Details
Table 112. Adweb Technologies Business Overview
Table 113. Adweb Technologies HSM as a Service Product
Table 114. Adweb Technologies Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 115. Adweb Technologies Recent Development
Table 116. Sansec Company Details
Table 117. Sansec Business Overview
Table 118. Sansec HSM as a Service Product
Table 119. Sansec Revenue in HSM as a Service Business (2020-2025) & (US$ Million)
Table 120. Sansec Recent Development
Table 121. Research Programs/Design for This Report
Table 122. Key Data Information from Secondary Sources
Table 123. Key Data Information from Primary Sources
Table 124. Authors List of This Report


List of Figures
Figure 1. HSM as a Service Picture
Figure 2. Global HSM as a Service Market Size Comparison by Type (2020-2031) & (US$ Million)
Figure 3. Global HSM as a Service Market Share by Type: 2024 VS 2031
Figure 4. Fully Managed HSM Services Features
Figure 5. Self-Managed HSM Services Features
Figure 6. Global HSM as a Service Market Size by Application (2020-2031) & (US$ Million)
Figure 7. Global HSM as a Service Market Share by Application: 2024 VS 2031
Figure 8. Telecom Case Studies
Figure 9. Healthcare Case Studies
Figure 10. Manufacturing Case Studies
Figure 11. Others Case Studies
Figure 12. HSM as a Service Report Years Considered
Figure 13. Global HSM as a Service Market Size (US$ Million), Year-over-Year: 2020-2031
Figure 14. Global HSM as a Service Market Size, (US$ Million), 2020 VS 2024 VS 2031
Figure 15. Global HSM as a Service Market Share by Region: 2024 VS 2031
Figure 16. Global HSM as a Service Market Share by Players in 2024
Figure 17. Global Top HSM as a Service Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in HSM as a Service as of 2024)
Figure 18. The Top 10 and 5 Players Market Share by HSM as a Service Revenue in 2024
Figure 19. North America HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 20. North America HSM as a Service Market Share by Country (2020-2031)
Figure 21. United States HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 22. Canada HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 23. Europe HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 24. Europe HSM as a Service Market Share by Country (2020-2031)
Figure 25. Germany HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 26. France HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 27. U.K. HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 28. Italy HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 29. Russia HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 30. Nordic Countries HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 31. Asia-Pacific HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 32. Asia-Pacific HSM as a Service Market Share by Region (2020-2031)
Figure 33. China HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 34. Japan HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 35. South Korea HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 36. Southeast Asia HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 37. India HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 38. Australia HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 39. Latin America HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 40. Latin America HSM as a Service Market Share by Country (2020-2031)
Figure 41. Mexico HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 42. Brazil HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 43. Middle East & Africa HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 44. Middle East & Africa HSM as a Service Market Share by Country (2020-2031)
Figure 45. Turkey HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 46. Saudi Arabia HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 47. UAE HSM as a Service Market Size YoY Growth (2020-2031) & (US$ Million)
Figure 48. Entrust Corporation Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 49. Utimaco Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 50. IBM Corporation Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 51. Thales Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 52. Futureex Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 53. Fortanix Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 54. Atos Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 55. Securosys Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 56. Ultra Electronics Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 57. Yubico Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 58. Syprus Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 59. Kryptus Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 60. Nitrokey Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 61. Adweb Technologies Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 62. Sansec Revenue Growth Rate in HSM as a Service Business (2020-2025)
Figure 63. Bottom-up and Top-down Approaches for This Report
Figure 64. Data Triangulation
Figure 65. Key Executives Interviewed

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