Hardware Encryption Market 2019 Sales Revenue and Global Leaders Analysis: Micron Technology, Kanguru Solutions, NetApp, Win Magic, Win Magic, Seagate Technology, Toshiba

Market Research Future published a research report on “Hardware Encryption Market Research Report- Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Hardware Encryption Market - Overview

Hardware encryption refers to converting the data stored on a hard drive using refined mathematical functions. This benefits in preventing access to data by unauthorized persons and delivers a layer of security against hackers and other online threats. The major advantage of hardware encryption is that it remains active at all times and makes it possible for the drive to meet the compliance requirements of government standards for data in banking, finance, medical, and government applications. In hardware encryption, the security constraints and safeguard keys improves the performance of encryption.

The rise in compliance regulations and increasing complexity of data breaches are driving the growth for hardware encryption market. The condensed prices of encrypted chips have increased the growth of the hardware encryption market in all regions. The rising need of regulatory framework and government regulations on data encryption are other factors estimated to accelerate the growth of the overall market through the forecast period.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4857

Key Players

Some of the key players in the market are Micron Technology Inc. (U.S.), Samsung Electronics (South Korea), Toshiba Corporation (Japan), Western Digital Corporation (U.S.), Seagate Technology PLC (Ireland), Kingston Technology Corp. (U.S.), Micron Technology Inc. (U.S.), Kanguru Solutions (U.S.), Maxim Integrated Products, Inc. (U.S.), NetApp (U.S.), Win Magic Inc. (U.S.), Thales e-security (U.S.).

Segmentation:

The global Hardware Encryption Market is segmented as architecture, algorithm & standard, product, application and end users. Hardware data encryption covers a wide area of applications such as BFSI, automotive, military & aerospace, healthcare etc. In the area of automotive, Symantec Corporation, a leader in software services, designed software for automotive security. It protects critical modules including Engine Control Units (ECU), Body Control Modules (BCM), In Vehicle Infotainment (IVI), and gateway chips protecting the CAN bus from modems and Single Board Computers (SBC) such as the IVI all requiring additional protection. Symantec Critical System Protection is built on proven technology already protecting countless daily financial transactions in core back-end systems of the world’s largest financial services providers, and is “embedded” in countless ATMs.

Regional Analysis:

The competitive landscape of global hardware encryption market is formed by major players of the market and some of the new entrants. The hardware encryption has driven many areas like BFSI, military & aerospace, healthcare, IT & Telecom. North America leads the market for the global hardware encryption. Many technical advancements were been observed from this region. Western Digital Corporation, an American computer data storage company, revealed its new product My Book Duo external hard drive. The hard drive features 20 TB storage in Raid zero and one configuration, USB-C and USB-A ports. My Book offers sequential read speeds of 360 MB per second. My Book allows for redundancy and reduces the risk of data loss. Secured with 256-bit AES hardware encryption, the drive lets users set a password to activate the hardware data encryption and data protection. The drive serves the need of data storage for home users, businesses and creative professionals such as video and photo producers and editors.

In May 2017, RigNet, Inc. completed their acquisition of Cyphre Security Solutions that provides the most advanced enterprise data protection available in the market today. In 2016, the world leader in memory products Kingston Digital, Inc. acquired the USB technology and assets of IronKey™ from Imation Corp.

Asia Pacific is anticipated to grow very fast during the forecasted period. The high growth of the market in this region can be attributed to the expansion of IT and telecommunication network in China, Thailand, Malaysia, South Korea, India, and other developing countries in APAC.

In August 2017, Samsung Electronics announced the Samsung Portable SSD T5 – the newest portable solid state drive (PSSD) that raises the bar for the performance of external memory products. The T5, built with Samsung’s latest 64-layer V-NAND technology, delivers industry-leading transfer speeds with encrypted data security in a compact and durable design, making it easier than ever for consumers to access their most valuable data anywhere, at any time.

Industry News

June, 2017 – Kanguru Solutions, an industry leader in providing secure hardware encrypted USB solutions, launched TAA Compliant USB3.0 external drives with a physical write protection switch. The device possess substantial amount of data storage and write protect switch which helps in switching between read/write and read-only mode.

April, 2018 – Synology Inc., a Taiwanese corporation that specializes in Network-attached storage appliances has announced the availability of its 18-series Network Attached Storage and Network Video Recorder solutions in India. The devices are capable of creating a private cloud with data backup, music/video streaming, photo management, sharing files and so on. The Network Video Recorder system helps with surveillance and offers features such as live monitoring.

Get complete Report @ https://www.marketresearchfuture.com/reports/hardware-encryption-market-4857

Intended Audience

• Banking
• Hardware Manufacturers
• Testing
• R&D

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact:

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.