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Hardware Security Modules Market Data Overview: 2Q 2026

Hardware Security Modules Market Data Overview: 2Q 2026 | ABI Research

ABI Research names Thales the leader in global HSM shipments

The Hardware Security Module (HSM) market is entering a new era. Long trusted as the hardware root of trust for protecting cryptographic keys, identities, applications, and sensitive data, HSMs are taking on an even greater role as organizations address crypto agility, digital sovereignty, post-quantum cryptography, and AI security.

ABI Research names Thales as the market leader in total global HSM shipments, reflecting Thales’ longstanding innovation in HSM technology and trusted deployments. For more than 30 years, Luna HSMs have helped governments, enterprises, and some of the world’s most recognized brands establish a trusted foundation for protecting cryptographic keys and securing critical operations.

What you’ll learn in this licensed ABI Research HSM Market Overview report: 

  • Why sovereignty is becoming a major driver of HSM demand
  • How converged platforms and hardware multi-tenancy are shaping vendor strategies
  • Why certification and assurance remain central to next-generation HSM roadmaps
  • How PQC is influencing long-term HSM architecture, crypto agility, and vendor planning
  • Where AI-related security requirements may create new HSM and key management opportunities
  • How global HSM market share is distributed across vendors
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