New Delhi, Jan. 12 -- IDEMIA Secure Transactions (IST) entered the USD 1.2 billion Hardware Security Module (HSM) market on Monday with the introduction of IDEMIA Sphere HSM. The launch represents a strategic expansion for the company into the cybersecurity sector, aimed at protecting critical data and transactions for organisations through a decentralised architecture.

According to a press release from the IDEMIA Group, the Hardware Security Module market is projected to reach its current valuation in 2026 as demand for secure encryption, user authentication, and digital signatures increases. IST aims to establish trust in digital economies by providing a solution that manages cryptographic keys.

The new system is designed to address p...