According to the new market research report " Hardware Encryption Market - By Algorithms (AES, RSA), Architectures (FPGA, ASIC), Products (Hard Disk Drives, USB Drives and In-Line Encryptors), Applications, Verticals and Geography – Analysis & Forecast (2013 – 2018)" , the total market is expected to reach roughly $166.67 billion by 2018, growing at an explosive CAGR of 62.17% for the period of 2013 to 2018.
Browse 126 market data tables and 58 figures spread through 337 pages and in-depth TOC on "Hardware Encryption Market - By Algorithms (AES, RSA), Architectures (FPGA, ASIC), Products (Hard Disk Drives, USB Drives and In-Line Encryptors), Applications, Verticals and Geography - Analysis & Forecast (2013 – 2018)”.
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The global hardware encryption market revenue is expected to reach $14.86 billion by end of 2013. It is also expected to grow to $166.67 billion in 2018 at a CAGR of 62.17%. Similarly, volumes are estimated to grow from roughly 59.76 million units to 691.79 million units in 2018 at a CAGR of 63.20%. This growth is heralded by the consumer electronics applications market for hardware encryption products. The hardware encryption applications in the Military Defense and Aerospace (MDA) applications sector is also expected to grow rapidly in the coming five years.
The Total addressable market (TAM) revenue for hardware encrypted hard disk drives is estimated to grow from $48.57 billion in 2013 to $146.37 billion in 2018. Thus, the market penetration of hardware encrypted HDDs into this TAM stands at 20.07% in 2013 and is expected to grow to 69.05% by 2018. The rapid adoption of hardware encryption is expected in the near future. The TAM revenue for hardware encrypted USB drives is estimated to grow from $6.82 billion in 2013 to $19.14 billion in 2018. The market penetration of hardware encrypted USB drives into this TAM stands at 33.17% in 2013 and is expected to grow to 63.81% by 2018. The TAMs have been calculated by the addition of the TAMs for each of the respective application markets.
When geographical markets North America, Europe, Asia Pacific and the Rest of the World are considered, APAC has the major share in the market with expected revenue of roughly $5.15 billion in 2013. The CAGR of the market’s primary base - APAC, for the period 2013 to 2018 is calculated to be 58.40%. Europe and North America are the fastest growing regions, with expected CAGRs of 64.03% and 63.69% respectively from 2013 to 2018, due to the major growth spurts expected in the consumer electronics sector in the developing countries in this region.
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The growth in the Smartphone and Tablet market has also spurred new interest in hardware encryption systems. With major companies like Apple Inc., (U.S.) and Samsung Electronics Co. Ltd. (South Korea) pushing hardware-based encryption chipsets on their mobile and tablet offerings, the market for hardware-based encryption chipsets is set to take off in the coming five years.
This report, based on the extensive research study of the hardware encryption market and the related semiconductor, product, industries, is aimed at identifying the entire market of specifically the hardware encryption products and hardware encryption chipsets in all applications. The report covers the overall market and sub-segment markets through extensively detailed classifications, in terms of both - revenue and shipments.
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