Hard-drive encryption is a technology that encrypts the data stored on a hard drive using sophisticated mathematical functions. Its ease of use, consistent performance, and robust protection against numerous common and less sophisticated attacks offsets its high cost as compared to software-based encryption.
Increasing complexity & volume of data breaches and reduced cost of encryption are major drivers boosting the growth of hardware encryption market. The key growth drivers include growing concern for data privacy, data security issues, increasing number of cyber-attacks, stringent regulatory compliances, rising demand for BYOD devices at workplaces, benefits of hardware encryption over software encryption technology and rising digital trends.
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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.).
Hardware Encryption Market: Segmental Analysis
On the basis of application, the market has been segmented into automotive, healthcare, military & aerospace, BFSI, and IT & telecomm. Based on algorithm and standard, the market is segmented into advanced encryption standard, Rivest – Shamir –Adleman (RSA) Algorithm, digital signature algorithm, elliptic curve cryptography, secure hash algorithm and data encryption standard. Based on product type, the market has been segmented into inline network encryptors, solid state drives, external hard disk drives, flash drives, and internal hard disk drives. By end-users, the market is segmented into industrial, government agencies, commercial and residential. By architecture, the market has been bifurcated into Field programmable gate arrays (FPGA) and application specific integrated circuits (ASIC)
Among regions, North America currently accounts for a dominant share of the market and is likely to remain highly lucrative during the assessment period. This is primarily owing the presence of leading market players in the region. Meanwhile, the market in Asia Pacific (APAC) is also expected to exhibit a staggering growth in the forthcoming years. The rapid expansion of the IT and telecommunication network in countries such as Thailand, China, Malaysia, India, and South Korea among others.
Industry Trends and News
- Advenica, leading provider of cybersecurity based in Europe has recently announced that the company has entered a contract worth $2.2 Mn to provide hardware encrypted Virtual Private Network (VPN) products to the Swedish Defence Materiel Administration. The company’s hardware encrypted products are powered by patented VPN technology and meets all the requirement of the Swedish defence sector.
- Leading provider of data usb security solutions, Kanguru has launched an updated version of its fully-integrated, global remote management system “KRMC-Enterprise 8”. This new version is anticipated to improve its Defender® hardware encrypted USB drives.
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- Hardware Manufacturers
Table of Contents:
List of Tables
Table 1World Population By Major Regions (2017 To 2030)
Table 2 Global VR Software Market: By Region, 2017-2023
Table 3 North America VR Software Market: By Country, 2017-2023
Table 4 Europe VR Software Market: By Country, 2017-2023
List of Figures
FIGURE 1 Global VR Software Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global VR Software Market
FIGURE 4 Value Chain Of Global VR Software Market
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