QYR Market Research USA hardware security modules market research | Page 3

QYResearch
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The market for USB-based/portable HSM is expected to grow at the
highest CAGR of 22% between 2016 and 2022. The USB-
based/portable HSMs are ideally suitable for offline situations where
the HSM is stored in a physical safe when not in use, or where the
HSM is required to be portable. USB-based HSMs enable organizations
to provide high-assurance cryptographic solutions in a cost-effective
way. Portability and USB connectivity make USB-based HSMs
especially suitable for use with laptops, workstations, or desktops,
resulting in the highest growth rate during the forecast period.