インドのハードウェアセキュリティモジュール市場：タイプ別、展開別、用途別、エンドユーザー別、地域別、機会、予測、2018年～2032年

インドのハードウェアセキュリティモジュールの市場規模は、2024年～2032年の予測期間中に16.57％のCAGRで拡大し、2024年の1億5万米ドルから2032年には3億4,112万米ドルに成長すると予測されています。

インドのハードウェアセキュリティモジュール市場は、IoTデバイスの導入の急増とデータセンターの増加により成長を遂げています。組織は機密データや重要なアプリケーションを保護しようとするため、特殊なハードウェアセキュリティソリューションへの需要が高まっています。Takshashila Universityによると、国内では2026年までに約5億件のIoT接続が見込まれ、サイバー脅威に対抗するための強固なセキュリティ対策が求められています。

また、Colliers Internationalによると、国内のデータセンターの総容量は、2023年の770MWから2026年には約1,500MWと、ほぼ倍増する見込みです。このような拡大には強力なインフラが必要であり、セキュアなエンクレーブやハードウェアベースの暗号化といった技術の導入への道が開かれます。

当レポートでは、インドのハードウェアセキュリティモジュール市場について調査し、市場の概要とともに、タイプ別、展開別、用途別、エンドユーザー別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 エグゼクティブサマリー

第2章 インドのハードウェアセキュリティモジュール市場の見通し、2018年～2032年

第3章 顧客の声（B2B調査）

第4章 市場規模と予測（2018年～2032年）

第5章 タイプ別

• LANベース
• PCIeベース
• USBベース

第6章 展開別

• オンプレミス
• クラウド

第7章 用途別

• 決済理
• コードとドキュメントの署名
• 認証
• データベースの暗号化
• PKIと資格情報管理
• アプリケーションレベルの暗号化

第8章 エンドユーザー別

• BFSI
• 技術・通信
• 工業・製造業
• 自動車
• ヘルスケア
• エネルギー・ユーティリティ
• その他（小売、消費財）

第9章 地域別

• 北部
• 南部
• 東部
• 西部と中部

第10章 市場マッピング、2023年

• タイプ別
• 展開別
• 用途別
• エンドユーザー別
• 地域別

第11章 マクロ環境と産業構造

第12章 市場力学

第13章 流通チャネル分析

第14章 ベンダーの評判と顧客満足度

第15章 価格感度と価値提案分析

第16章 主要参入企業の情勢

• 市場リーダートップ5の競合マトリックス
• 市場リーダートップ5の市場収益分析（%、2023年）
• SWOT分析（市場参入企業5社向け）

第17章 主要参入企業のプロファイル

• Futurex Ltd.
• ATOS SE
• Utimaco Technologies Pvt Ltd.
• IBM India Pvt Ltd.
• Microchip Technology（India）Private LimitedThales Group
• Ultra Electronics Pvt Ltd.
• Adweb Technologies Pvt Ltd.
• Marvell Technologies Pvt Ltd.
• Entrust Security Solutions India Private Limited
• JISA Softech Pvt Ltd.
• Fortanix Technologies India Pvt Ltd.

第18章 戦略的提言

第19章 お問い合わせと免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Hardware Security Module Market, By Value, In USD Million, FY2018-FY2032F
• Figure 2. India Hardware Security Module Market Share (%), By Type, FY2018-FY2032F
• Figure 3. India Hardware Security Module Market Share (%), By Deployment, FY2018-FY2032F
• Figure 4. India Hardware Security Module Market Share (%), By Application, FY2018-FY2032F
• Figure 5. India Hardware Security Module Market Share (%), By End-user, FY2018-FY2032F
• Figure 6. India Hardware Security Module Market Share (%), By Region, FY2018-FY2032F
• Figure 7. By Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 8. By Deployment Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 9. By Application Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 10. By End-user Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 11. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024

India hardware security module market is projected to witness a CAGR of 16.57% during the forecast period FY2024-FY2032, growing from USD 100.05 million in FY2024 to USD 341.12 million in FY2032.

The Indian hardware security module market is witnessing growth due to a sharp rise in the adoption of IoT devices and the growing number of data centers. Organizations seek to safeguard sensitive data and critical applications, so their demand for specialty hardware security solutions is increasing. According to Takshashila University, the country is expected to have around 500 million IoT connections by FY2026, which means robust security measures are required to counter cyber threats.

In addition, total national data center capacity is expected to nearly double, from 770 MW in FY2023 to about 1,500 MW by FY2026, according to Colliers International. This kind of expansion calls for strong infrastructure and opens the door to the implementation of technologies such as secure enclaves and hardware-based encryption.

Continuous Growth in Cybersecurity Services in the Country

The overall growth of cybersecurity services in India is fueling the expansion of the hardware security module market. The demand for robust solutions with hardware security modules has surged as organizations continue to respond to rising cyber threats. These modules are necessary for safeguarding cryptographic keys, as well as safe transactions, while maintaining the integrity of sensitive information. The government's National Cyber Security Strategy also aims to create an environment that will encourage and further foster cybersecurity. Strategic focus in this field has made India an important regional market for hardware security module vendors and service providers, thus providing plenty of scope for expansion.

Indian cybersecurity service industry registered remarkable growth. According to the Data Security Council of India (DSCI), it accounted for USD 4.30 billion in FY2020, whereas in FY2022, it accounted for USD 8.46 billion with a compound annual growth rate of 40.26%. This tremendous growth depicts the gigantic rise in demand for overall cybersecurity solutions, which entails hardware security modules for secured operations and critical data of various industries.

Rise in the Capacity of Data Centers Across the Country

The rise in data center capacity across India is also rapidly increasing the demand for hardware security modules. A greater demand for strong and tamper-resistant security solutions such as hardware security modules has emerged with the growing dependence of organizations on data centers for storing and processing sensitive information. Hardware security modules are important in securing data in such environments, protecting cryptographic keys, and facilitating secure transactions. Factors such as government digitization initiatives, rising internet penetration, and the evolution of cloud services are propelling the expansion of data centers. Furthermore, Indian enterprises are compelled to keep their confidential data within the country's data center ecosystem due to the increased focus on data localization. Accordingly, this continues to fuel demand for hardware security module technology.

According to JLL India, India's total data center capacity was 637 MW by June FY2023. As a result, Mumbai was the top contributing metro with 47%, followed closely by Chennai and Pune with 14% and 11%, respectively. The demand for hardware security modules will grow with this increase in capacity, almost adding 680 MW to the capacity by the end of FY2025.

Secured Digital Payments Using HSM Boosting the Growth in the Market

There is a strong need to develop security solutions to protect sensitive financial information and transactions with more Indians using digital payments. Thus, Hardware security modules are considered integral to ensuring confidentiality, integrity, and availability in payment systems. Hardware security modules have become the pivot around which secure key management is possible for several payment methods, including credit/debit cards, wallets, mobile banking, and even the newer payment technologies such as blockchain-based payments with the high adoption of digital payments in India. Sensitive data will remain protected from all points of the transaction to the backend systems while using hardware security modules. The increased use of hardware security modules in payment gateways, point-of-sale terminals, and mobile payment applications such as Phone Pay and Google Pay has improved the overall security posture of India's digital payment environment, enabling organizations to enhance trust among consumers.

Increased deployment in payment gateways, point-of-sale terminals, and mobile payment apps like Phone Pay and Google Pay enhances the overall security aspect of India's digital payment ecosystem, enabling organizations to build trust among consumers. With the country stepping further into the cashless economy, the market trend is expected to reflect huge growth for hardware security modules, which will enhance their efficiency and effectiveness in making safe digital payments. According to the National Informatics Center, India accounted for 2.85 million units of digital payment in FY2017 to reach 83,751.14 million units in FY2024. This tremendous hike in digital payment transactions defines the urgency for high-security measures like a hardware security module, which would ensure data integrity and consumer confidence in the financial system.

Payment Processing Segment is Expected to Account for Major Market Share

The payment processing segment is supposed to hold a considerable percentage of the hardware security module market as secure transaction methods are increasingly used in the digital economy. The demand for strong security solutions to protect sensitive financial data and ensure integrity in transactions has also risen with e-commerce and online payment platforms spreading rapidly. Hardware security modules critically contribute to securing the cryptographic keys meant for the encryption of payment information to minimize data breaches and fraud. Moreover, the increasing adoption of contactless payment systems and mobile wallets raises the need for hardware security modules in real-time transaction security. Therefore, this, in turn, is likely to fuel massive growth in the payments processing industry as more people will be demanding security during financial transactions.

Future Market Scenario (FY2025-FY2032F)

Hardware security modules will gain a strong demand in protecting sensitive data and cryptographic keys as cyber-attacks have become increasingly advanced and frequent, driving the growth of advanced security solutions.

Increasing usage of the cloud would demand more stringent security implementations. Hardware security modules would be an important tool to secure cloud environments, ensuring implementations of data protection regulation compliant and efficiently managing encryption keys.

Government policies to support its aim to upgrade the national cybersecurity infrastructure will be a main driver for the adoption of hardware security modules in all the major sectors- finance, healthcare, and telecommunications, mainly dependent on data protection.

Indian enterprises will look towards hardware security modules to secure their data within national borders concerning regulatory mandates and ensure compliance with local laws with an enhanced focus on data localization.

Key Players Landscape and Outlook

Growth in the India hardware security module market size is attributed to increasing opportunities spurred by rising cybersecurity threats and higher demand for secure data management solutions. The landscape is a mix of well-established players and new entrants seeking cutting-edge technology to upgrade data protection. Key sectors, such as banking, finance, and government entities, have been significant users of the hardware security module, thus further pushing forward the market's growth. The Indian market is on track for growth through regulatory compliance, secure transactions, and increasing cloud adoption. Foreshowing new opportunities will be the advances in cryptographic technologies and the integration of hardware security modules with emerging technology; the Indian hardware security module market is poised to be dynamic and competitive.

In October 2024, JISA Softech Pvt. Ltd. launched their CryptoBind Payment hardware security module in India, targeting the transformation in which financial institutions would deal with their cryptographic operations. The newest technology has a unique partitioning capability, a feature that allows many virtual hardware security modules to function independently. Such capabilities facilitate both the optimization of scalability as well as efficiency while cutting costs. In alignment with the compliance standards of NIST FIPS 140-3 and PCI PTS, with post-quantum readiness, the CryptoBind Payment hardware security module intends to be an integrated part of evolving security measures in the financial sector.

Table of Contents

1. Executive Summary

2. India Hardware Security Module Market Outlook, FY2018-FY2032F

3. Voice of Customer (B2B Survey)

• 3.1. Respondents Demographics
• 3.2. Customer Preference Towards Different Types of HSM
• 3.3. Factors Considered in Purchase Decisions
• 3.4. Problems Faced by B2B Consumers
• 3.5. Vendor Reputation & Customer Satisfaction
• 3.6. Reasons for Adoption of Cloud-based Accounting Software

4. Market Size & Forecast (FY2018-FY2032F)

• 4.1. By Value

5. By Type

• 5.1. LAN Based
• 5.2. PCIe Based
• 5.3. USB Based

6. By Deployment

• 6.1. On-Premises
• 6.2. Cloud

7. By Application

• 7.1. Payment Processing
• 7.2. Code and Document Signing
• 7.3. Authentication
• 7.4. Database Encryption
• 7.5. PKI and Credential Management
• 7.6. Application-level encryption

8. By End-user

• 8.1. BFSI
• 8.2. Technology and Communication
• 8.3. Industrial and Manufacturing
• 8.4. Automotive
• 8.5. Healthcare
• 8.6. Energy and Utility
• 8.7. Others (Retail, Consumer Goods)

9. By Region

• 9.1. North
• 9.2. South
• 9.3. East
• 9.4. West & Central

10. Market Mapping, FY2023

• 10.1. By Type
• 10.2. By Deployment
• 10.3. By Application
• 10.4. By End-user
• 10.5. By Region

11. Macro Environment and Industry Structure

• 11.1. Value Chain Analysis
• 11.2. PESTEL Analysis
• 11.3. Porter's Five Forces Analysis

12. Market Dynamics

• 12.1. Growth Drivers
• 12.2. Technological Trend Analysis
• 12.3. Growth Inhibitors (Challenges, Restraints)

13. Distribution Channel Analysis

14. Vendor Reputation & Customer Satisfaction

15. Price Sensitivity & Value Proposition Analysis

16. Key Players Landscape

• 16.1. Competition Matrix of Top Five Market Leaders
• 16.2. Market Revenue Analysis of Top Five Market Leaders (in %, FY2023)
• 16.3. SWOT Analysis (For Five Market Players)

17. Key Players Outlook

• 17.1. Futurex Ltd.
  • 17.1.1. Company Details
  • 17.1.2. Key Management Personnel
  • 17.1.3. Products & Services
  • 17.1.4. Financials (As reported)
  • 17.1.5. Key Market Focus & Geographical Presence
  • 17.1.6. Recent Developments
• 17.2. ATOS SE
• 17.3. Utimaco Technologies Pvt Ltd.
• 17.4. IBM India Pvt Ltd.
• 17.5. Microchip Technology (India) Private LimitedThales Group
• 17.6. Ultra Electronics Pvt Ltd.
• 17.7. Adweb Technologies Pvt Ltd.
• 17.8. Marvell Technologies Pvt Ltd.
• 17.9. Entrust Security Solutions India Private Limited
• 17.10. JISA Softech Pvt Ltd.
• 17.11. Fortanix Technologies India Pvt Ltd.

18. Strategic Recommendations

19. About Us & Disclaimer