Middle East & Africa Hardware Security Modules Market Size & Outlook
The hardware security modules market in Middle East & Africa is expected to reach a projected revenue of US$ 323.8 million by 2030. A compound annual growth rate of 18% is expected of Middle East & Africa hardware security modules market from 2025 to 2030.
Revenue, 2024 (US$M)
$121.8
Forecast, 2030 (US$M)
$323.8
CAGR, 2025 - 2030
18%
Report Coverage
Middle East & Africa
Middle East & Africa hardware security modules market, 2018-2030 (US$M)
MEA hardware security modules market highlights
- The MEA hardware security modules market generated a revenue of USD 105.8 million in 2023.
- The market is expected to grow at a CAGR of 17.3% from 2024 to 2030.
- In terms of segment, lan based was the largest revenue generating type in 2023.
- LAN Based is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 105.8 million |
| Market revenue in 2030 | USD 323.9 million |
| Growth rate | 17.3% (CAGR from 2023 to 2030) |
| Largest segment | Lan based |
| Fastest growing segment | LAN Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | LAN Based |
| Key market players worldwide | Microsoft Corp, International Business Machines Corp, Open Text Corp, Hyliion Holdings Corp Ordinary Shares - Class A, M-Files, Oracle Corp, Box Inc Class A, DocuSign Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.8% of the global hardware security modules market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,039.1 million by 2030.
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Hardware Security Modules Market Scope
Hardware security modules market segmentation & scope
Payment Processing
Authentication
Public Key Infrastructure (PKI) Management
Database Encryption
IoT Security
Others
BFSI
Government
Healthcare and Life Sciences
Retail and Consumer Products
Technology and Communication
Industrial and Manufacturing
Automotive
Other
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
India
Japan
Australia
South Korea
Brazil
UAE
South Africa
Saudi Arabia
Hardware Security Modules Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
MEA hardware security modules market size, by country, 2018-2030 (US$M)
Related regional statistics
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