Hardware Encryption Market Growth Drivers - Global Trends and Forecast to 2019

Hardware-based techniques of protecting confidential data involve two processes: encryption and decryption. Encryption involves encoding of data into a form that is accessible to authorized users. Encoding requires an encrypting algorithm, which generates cipher text that can be read only after decryption. Decoding of confidential data requires an authorized user to type in a password or a key. In hardware-based encryption, individual processors execute the encryption and decryption processes. Encryption and decryption play a pivotal role in preventing unauthorized access to sensitive data. Encryption can help protect confidential data during storage and transmission.

Analysts forecast the Global Hardware Encryption Market to grow at a CAGR of 50.62 percent over the period 2014-2019.

This report covers the present scenario and the growth prospects of the Global Hardware Encryption market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sale of the following components:

  • Hardware encrypted HDDS
  • Hardware encrypted USB drives
  • In-line encryptors

The Global Hardware Encryption market is segmented as follows based on end-user:

  • Consumer Electronics, Communication and Network Security, MDA, Healthcare, and Enterprises

Global Hardware Encryption Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and lists growth prospects. The report includes a discussion of key vendors operating in the market.

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Key Regions

  • Americas
  • APAC
  • EMEA

Key Vendors

  • Micron Technology
  • Samsung Electronics
  • Seagate Technology
  • Toshiba
  • Western Digital Technologies

Other Prominent Vendors

  • Imation
  • Kanguru Solutions
  • Kingston Technology
  • Koolspan
  • Maxim Integrated Products
  • MerlinCryption
  • Netapp
  • SanDisk
  • Secude
  • Winmagic

Market Driver

  • Increased Regulatory Compliance Requirements

Market Challenge

  • High Installation and Maintenance Costs

Market Trend

  • Increased Adoption of Cloud-based Encryption Techniques

Key Questions Answered in this Report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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