CIPHER MACHINE AND PASSWORD CARD MARKET ANALYSIS

Cipher Machine and Password Card Market, By Type (Hardware, Software, and Services), By Component (Hardware, Cards, Drives, and Other Hardware), By Application (Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption, and Others), By End User (Aerospace and Defense, Government, Banking, Financial Services and Insurance, Retail, Healthcare, and Others), By Deployment Mode (On-premises and Cloud), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

In March 2022, Thales an information security and encryption company, specializes in various cybersecurity solutions, including encryption technologies and hardware security modules launched the CipherTrust Data Security Platform integrating HSMs and encryption key management. It enables multi-cloud data protection.
In January 2021, Entrust a leading provider of trusted identities, payments, and digital infrastructure solutions launched nShield HSMs with post-quantum cryptography support to secure against quantum computing threats.

Acquisition and partnerships

In June 2023, Thales, renowned for its technology and security expertise, unveiled a fresh collaboration with Google Cloud is a comprehensive suite of cloud computing services offered by Google aimed at innovating data security capabilities. This partnership aims to harness the potential of generative AI, enhancing companies' capacity to identify, categorize, and safeguard their most sensitive data effectively. Through this collaboration, Thales is integrating generative AI into its CipherTrust data security platform, enriching user experiences with new AI-powered functionalities.
In April 2023, Imperva, Inc., a cybersecurity leader that protects critical applications, APIs(Application Programming Interface), and data, anywhere at scale, and Fortanix, Inc., a data security company powered by Confidential Computing, have signed a partnership agreement, and have each joined the other's strategic partner program.