QYR Market Research USA hardware security modules market research | Page 5

QYResearch
With the increasing penetration of internet, adapting to information
systems to ease various operational processes has become essential for
organizations as well as individuals. The demand for USB-based or portable
HSMs has been increasing owing to their suitability in offline situations,
where the hardware security module can be stored in a safe place while not
in use, or if the HSM needs to be portable. The features of USB-based
hardware security modules, such as portability and USB connectivity, ensure
its suitability with laptops, desktops, or workstations, in turn making USB-
based HSM the fastest growing market among the various types. The
emergence of electronic payments, digital transactions and the growing
need to protect highly sensitive financial data from potential security
threats has resulted in the largest share of payment processing application
in the hardware security modules market.