123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Hardware Encryption Market Worth $313 Million By 2025

Profile Picture
By Author: Steve Stark
Total Articles: 62
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

According to a research report "Hardware Encryption Market by Product Type (External HDD, Internal HDD, Solid-state drive, Inline Network Encryptor, USB Flash Drive), Application (Consumer Goods, Aerospace and Defense, Transportation, Healthcare, and Others) and Region - Forecast to 2025", published by MarketsandMarkets, the overall hardware encryption market is expected to be valued at USD 262 million in 2020 and reach USD 313 million by 2025, growing at a CAGR of 3.6%. The primary reasons for this rise in demand are the increasing demand for smartphones, online and digital content, which is attracting the market for hardware encryption products and solutions.

https://www.marketsandmarkets.com/Market-Reports/hardware-based-encryption-systems-market-1115.html

The solid-state drive product segment is expected to grow at the fastest CAGR in the forecast period

The solid-state drive product segment accounted for the growth at the fastest CAGR in the forecast period.
SSDs have become a basic product for storing data for both commercial and domestic applications. Many IT firms use SSDs for storing their significant data as this product is portable in nature and provide security at the optimum level.

Consumer electronics application is expected to share the largest market share in 2019

The consumer electronics application accounted for the largest share of the hardware encryption market in 2019. This is because of the growing demand for encryption enabled products in consumer electronics such as laptops, tablets, and smartphones, due to increasing concern over data security and confidentiality in these devices.

US in North America by country, share the largest market share in 2019 the forecast period

The US accounted for the largest share of the hardware encryption market in North America in 2020. The country is home to many hardware encryption companies that manufacture hardware-encrypted enabled products. Furthermore, with growing investments in research and development happenings, the exigent demand for encryption-enabled products is expected to witness in the US in the coming tenure.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1115

Key players in the hardware encryption market include Western Digital Corp. (US), Samsung Electronics Co. Ltd. (South Korea), Micron Technology Inc. (US), NetApp (US), Kingston Technology Corp. (US), Seagate Technology PLC (Ireland), KIOXIA (Japan), Kanguru Solutions (US), Intel (US), WinMagic Inc. (US), Maxim Integrated Products, Inc. (US), Thales e-Security (US), Mcafee (US), Broadcom (US), IBM (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Total Views: 282Word Count: 562See All articles From Author

Add Comment

Business Articles

1. We Manufacture Latest Design Of Custom Perfume Boxes
Author: JamesAdam

2. Hiring Housekeeping Hoboken Services For Your Apartments
Author: Glow Up Clean

3. Your Purpose-driven Path: How To Reinvent And Re-energize Yourself With A Fulfilling, Joyful Purpos
Author: eWomen Network

4. Custom Cereal Boxes In Unconventional Ideas At Gotoboxes
Author: Mark Jackson

5. Things To Consider When Building A Waterfront Home | Commercial Construction Services
Author: Jrossi Construction

6. Custom Cbd Oil Packaging Boxes With High Quality Material
Author: lewismorgancbz

7. How To Perform Iso 13485 Training Requirements For (qms)
Author: Punyam Academy

8. Environment-friendly Disposal Solutions For Deepwater Dredged Material
Author: Millie Smith

9. Recent Developments That Will Change The Entire Face Of Networking
Author: Ronel Noel

10. Advantages Of A Commercial Agricultural Glass Greenhouse
Author: yang huimin

11. The Latest Mobiles In India Are Fun To Use
Author: Jakson Lee

12. Custom Popcorn Bags Uk Wholesale Discount At Gotoboxes
Author: Jordan Harry

13. Top Benefits From Hiring The Top Korean To English Translation Services
Author: LA Translation

14. How Translation Companies Help Different People
Author: LA Translation

15. What Is The Purpose Of Custom French Fries Boxes?
Author: Leo

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: