Azure Key Vault License

| Feature | Standard Tier | Premium Tier | Dedicated HSM | | :--- | :--- | :--- | :--- | | | Secrets, Certificates, SW Keys | HW-Protected Keys | Dedicated Hardware | | HSM Protection | Software / Shared HSM | Single-Tenant HSM | Dedicated HSM | | Transaction Cost | Low | High (10x Standard) | N/A (Hourly Rate) | | Data Residency | Multi-Tenant | Single-Tenant (Keys) | Single-Tenant (Device) | | Billing Model | Pay-as-you-go | Pay-as-you-go | Hourly Lease |