Hardware Encryption Devices Market SWOT Analysis 2021 by Top Manufacturers: Western Digital Corp, Seagate Technology PLC, Samsung Electronics

In 2020, the global Hardware Encryption Devices market size was US$ 29870 million and it is expected to reach US$ 149750 million by the end of 2027, with a CAGR of 25.9% during 2021-2027.

Global Hardware Encryption Devices Market Report 2021 – 2027 is a believable source for gaining the market research that will exponentially accelerate your business. SWOT and Porter’s five analysis are also effectively discussed to analyze informative data such as cost, prices, revenue, and end-users. The Report initially provides an overview of the industry that covers definition, applications and technology, post which the report explores into the international players in the market. The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The report also entails the Covid-19 and post-Covid dynamics in the global Hardware Encryption Devices market.

The Top Major Competitive Players are : Western Digital Corp, Seagate Technology PLC, Samsung Electronics, Micron Technology Inc, Intel, Kingston Technology Corp, Toshiba, Gemalto (Thales), Certes Networks Inc., Kanguru Solutions,

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Industry News:

Viasat launches data-at-rest encryption storage device for government and defence agencies

Viasat announced a next-generation encryption storage solution, the data-at-rest cryptography solid state drive (DARC-SSD), as the latest addition to Viasat’s hardware encryption family, providing secure data protection for government and defence agencies around the world.

Market Overview:

Hardware-based encryption devices offer the security of strong encryption with the ease of minimal configuration and platform interoperability. Hardware encryption can offer several benefits beyond those provided by software encryption. These include faster algorithm processing, tamper-proof or tamper-resistant key storage, and protection against unauthorized code.
United States Hardware Encryption Devices key players include Western Digital Corp, Seagate Technology PLC, Samsung Electronics, Thales, etc. Top four companies hold a share over 50%. In terms of product, Encrypted Hard Disk Drives is the largest segment, with a share over 55%. And in terms of application, the largest channel is IT & Telecom.

Market Segmentation:

Segmentation By Type:

Encrypted Hard Disk Drives

Encrypted Solid-State Drives

Hardware Security Module

Others

Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period; this segment was estimated to account for 81% sales volume share in 2018.

Segmentation By Application:

IT & Telecom

BFSI

Government & Public Utilities

Manufacturing Enterprise

Others

The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.

Regional Analysis:

The regional analysis segment covers all the regions in the world contributing towards the growth of the global Hardware Encryption Devices market. The section offers insights on the market size, volume, and value of each region for the forecasted period to help our clients find a better position in the global market. The competitive landscape section includes strategies followed by leading market players along with the in-depth case studies on how to overcome the challenges in the Hardware Encryption Devices market.

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The study objectives of this report are:

-To study and analyze the global Hardware Encryption Devices Market size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2026, and forecast to 2026.

-To understand the structure of Hardware Encryption Devices by identifying its various sub-segments.

-To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

-Focuses on the key global Hardware Encryption Devices manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.

-To analyze the Hardware Encryption Devices with respect to individual growth trends, future prospects, and their contribution to the total market.

-To project the value and volume of Hardware Encryption Devices submarkets, with respect to key regions (along with their respective key countries).

-To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

-To strategically profile the key players and comprehensively analyze their growth strategies

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-The analysis acknowledges that the sector players & key drivers of both conflicts and growth assess the impact of limitations as well as the opportunities on the sector.

-Data regarding the industry share by every item fragment, alongside their reasonable worth, have been served in the report.

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