Press release
Hardware Encryption Market Size, Share, Growth, Top Companies and Future Trends During 2022-2027
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Hardware encryption refers to the process of securing data using a dedicated processor physically located on the encrypted drive. It is widely used in encrypted USB, external hard disk drive (HDD), self-encrypting solid-state drive (SSD), and smartphones with built-in encryption capabilities. As compared to software encryption, hardware encryption is more cost-effective, fast, and easily scalable, offers enhanced performance by off-loading encryption from the host system and improved security parameters, and does not require additional software or driver installation.
Market Trends:
The global hardware encryption market is primarily being driven by the increasing adoption of portable data storage devices, including USB flash drives. In line with this, hardware encryption allows users to protect confidential and personal data from unauthorized access, which is propelling the market growth. Additionally, the rapid proliferation of smartphones and other consumer electronics has facilitated the incorporation of hardware encryption, such as fingerprint scanners, which is providing an impetus to market growth. Other factors, including the rising popularity of self-encrypting solid-state drives (SSD) due to their reliability and increasing product demand from private and governmental organizations due to rising cyber-attacks, are supporting the market growth.
Hardware Encryption Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the hardware encryption market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Gemalto NV
IBM Corp.
Imation Corp.
Maxim Integrated Products
Micron Technology
Netapp
Samsung Electronics
SanDisk Corporation
Seagate Technology
Thales
Toshiba Corp.
Western Digital Corp.
Western Digital Technologies
Winmagic
Key Market Segmentation:
The report has segmented the global hardware encryption market on the basis of algorithm and standard, architecture, product, application and region.
Breakup by Algorithm and Standard:
Advanced Encryption Standard (AES)
Rivest- Shamir-Adleman (RSA)
Others
Breakup by Architecture:
Field-Programmable Gate Arrays (FPGA)
Application-Specific Integrated Circuits (ASIC)
Breakup by Product:
External Hard Disk Drives
Internal Hard Disk Drives
Inline Network Encryptors
USB Flash Drives
Others
Breakup by Application:
Consumer Electronics
IT & Telecom
Transportation
Aerospace and Defense
Healthcare
BFSI
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, South Africa, Others)
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1852&flag=C
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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