Hardware Encryption Market Scope
The hardware encryption market is expected to grow in the future due to increasing concern for the data security issue and privacy of data. The availability for advanced encryption standard (AES) is expected to witness significant growth during the forecast period. The growth in consumer electronics and the demand for high-level encryption solutions to secure top-secret government data in countries across the globe boosting the hardware encryption market.
The market study is being classified by Type (Internal and External Hard Disk Drive, Solid-State Drive, USB and Inline Encryptor), by Application (Consumer Electronics, IT, Transport, Aerospace, Medical, Financial Services and Other) and major geographies with country level break-up.
The global hardware encryption market is highly fragmented and players adopted various strategies such as new product launches, acquisitions, partnerships, expansion, agreement, contract, alliance and collaboration to grow in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Hardware Encryption market throughout the predicted period.
Western Digital Corp. (United States), Samsung Electronics Co. Ltd. (South Korea), Seagate Technology PLC (Ireland), Micron Technology Inc. (United States), Kingston Technology Corp. (United States), Toshiba Corp. (Japan), Kanguru Solutions (United States), Winmagic Inc.(United States), Maxim Integrated Products, Inc. (United States) and Netapp (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Gemalto NV. (Netherlands) and Thales e-security (United States).
AdvanceMarketAnalytics has segmented the market of Global Hardware Encryption market by Type, Application and Region.
On the basis of geography, the market of Hardware Encryption has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- High Usage of Hardware Encryption in Financial, Healthcare and Government Sectors to Protect Sensitive Data
- Growing Concern Over Data Security and Privacy
- Increase in a Number of Cyber Thefts
- Increasing Demand for High-level Encryption Solutions to Secure Data
- Technological Advancement on Encryption Chip
- High Capital Investment Required in the Installation and Maintenance of Hardware Encryption
- Lack of Customer Awareness
Key Target AudienceElectronic design automation (EDA) & design tool vendors, Integrated device manufacturers (IDMs), Raw material & manufacturing equipment suppliers, Hardware encryption semiconductor device manufacturers, Hardware encryption component manufacturers, Hardware encryption product manufacturers (ODMs), ODM and OEM technology solution providers, Distributors and traders and Research organizations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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