Hardware Encryption Market

The global hardware encryption market is currently experiencing robust growth. Encryption refers to the process of utilizing an algorithm to convert information or data into codes to prevent any unauthorized access. It protects sensitive data by transforming it into an unreadable ciphertext which can be decrypted using an encryption key. These types of encryption utilize a dedicated processor, which aids in the tasks of authentication and encryption. This processor is physically located on the encrypted drive which often generates the encryption key that can be unlocked using the user’s password. Since it protects the data against threats, such as cold boot, malicious code and brute force attacks, it is widely being adopted across diverse industry verticals, including banking, corporate, IT & Telecom, healthcare, etc.

Escalating adoption rates of portable storage devices which are used to transfer information between computers and create backup are one of the major factors contributing to the market growth. Hardware encryption devices offer efficient confidentiality of personal data from unauthorized access, which has positively influenced their sales globally. Furthermore, the rising cases of cyber-attacks have led private organizations as well as governments to make a shift toward hardware encryption as these systems are more resilient and deliver faster performance when compared with software encryptions. Moreover, the increasing sales of consumer electronics have led smartphone manufacturers to include fingerprint scanners in their devices. This protects the privacy of the users as well as makes the process of encryption and decryption faster. Looking forward, IMARC Group expects the market to exhibit a CAGR of around 28% during 2020-2025.

Breakup by Algorithm and Standard:

• Advanced Encryption Standard (AES)
• Rivest- Shamir-Adleman (RSA) Algorithm
• Others
   

Breakup by Architecture:

• Field-Programmable Gate Arrays (FPGA)
• Application-Specific Integrated Circuits (ASIC)
   

Breakup by Product:

• External Hard Disk Drives
• Internal Hard Disk Drives
• Inline Network Encryptors
• USB Flash Drives
• Others
   

Breakup by Application:

• Consumer Electronics
• IT & Telecom
• Transportation
• Aerospace and Defense
• Healthcare
• BFSI
• Others
   

Breakup by Region

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Peru
  • Others
• Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Gemalto NV, IBM Corp., Imation Corp., Maxim Integrated Products, Micron Technology, Netapp, Samsung Electronics, SanDisk Corporation, Seagate Technology, Thales, Toshiba Corp., Western Digital Corp., Western Digital Technologies, Winmagic, etc.

Key Questions Answered in This Report:

• How has the global hardware encryption market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global hardware encryption industry?
• What is the breakup of the market based on the algorithm and standard?
• What is the breakup of the market based on the architecture?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global hardware encryption market and who are the key players?
• What is the degree of competition in the market?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Hardware Encryption Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Forecast
6    Market Breakup by Algorithm and Standard
    6.1    Advanced Encryption Standard (AES)
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Rivest-Shamir-Adleman (RSA) 
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Architecture
    7.1    Field-Programmable Gate Arrays (FPGA)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Application-Specific Integrated Circuits (ASIC)
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Product
    8.1    External Hard Disk Drives
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Internal Hard Disk Drives
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    lnline Network Encryptors
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    USB Flash Drives
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Application
    9.1    Consumer Electronics
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    IT & Telecom
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Transportation
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Aerospace and Defense
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Healthcare
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    BFSI
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10    Market Breakup by Region
    10.1    Asia Pacific
        10.1.1 China
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Japan
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
        10.1.3 India
           10.1.3.1 Market Trends
           10.1.3.2 Market Forecast
        10.1.4 South Korea
           10.1.4.1 Market Trends
           10.1.4.2 Market Forecast
        10.1.5 Australia
           10.1.5.1 Market Trends
           10.1.5.2 Market Forecast
        10.1.6 Indonesia
           10.1.6.1 Market Trends
           10.1.6.2 Market Forecast
        10.1.7 Others
           10.1.7.1 Market Trends
           10.1.7.2 Market Forecast
    10.2    North America
        10.2.1 United States
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Canada
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Argentina
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
        10.4.4 Columbia
           10.4.4.1 Market Trends
           10.4.4.2 Market Forecast
        10.4.5 Chile
           10.4.5.1 Market Trends
           10.4.5.2 Market Forecast
        10.4.6 Peru
           10.4.6.1 Market Trends
           10.4.6.2 Market Forecast
        10.4.7 Others
           10.4.7.1 Market Trends
           10.4.7.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Turkey
           10.5.1.1 Market Trends
           10.5.1.2 Market Forecast
        10.5.2 Saudi Arabia
           10.5.2.1 Market Trends
           10.5.2.2 Market Forecast
        10.5.3 Iran
           10.5.3.1 Market Trends
           10.5.3.2 Market Forecast
        10.5.4 United Arab Emirates
           10.5.4.1 Market Trends
           10.5.4.2 Market Forecast
        10.5.5 Others
           10.5.5.1 Market Trends
           10.5.5.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Gemalto NV
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    IBM Corp.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3    Imation Corp.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Maxim Integrated Products
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Micron Technology
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis 
        14.3.6    Netapp
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Samsung Electronics
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    SanDisk Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    Seagate Technology
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
        14.3.10    Thales
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
        14.3.11    Toshiba Corp.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis 
        14.3.12    Western Digital Corp.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Western Digital Technologies
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio 
        14.3.14    Winmagic
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio

List of Figures

Figure 1: Global: Hardware Encryption Market: Major Drivers and Challenges
Figure 2: Global: Hardware Encryption Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Hardware Encryption Market: Breakup by Algorithm and Standard (in %), 2019
Figure 4: Global: Hardware Encryption Market: Breakup by Architecture (in %), 2019
Figure 5: Global: Hardware Encryption Market: Breakup by Product (in %), 2019
Figure 6: Global: Hardware Encryption Market: Breakup by Application (in %), 2019
Figure 7: Global: Hardware Encryption Market: Breakup by Region (in %), 2019
Figure 8: Global: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Hardware Encryption (Advanced Encryption Standard) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 10: Global: Hardware Encryption (Advanced Encryption Standard) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 11: Global: Hardware Encryption (Rivest-Shamir-Adleman) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 12: Global: Hardware Encryption (Rivest-Shamir-Adleman) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 13: Global: Hardware Encryption (Others) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 14: Global: Hardware Encryption (Others) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 15: Global: Hardware Encryption (Field-Programmable Gate Arrays) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 16: Global: Hardware Encryption (Field-Programmable Gate Arrays) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 17: Global: Hardware Encryption (Application-Specific Integrated Circuits) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 18: Global: Hardware Encryption (Application-Specific Integrated Circuits) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 19: Global: Hardware Encryption (External Hard Disk Drives) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 20: Global: Hardware Encryption (External Hard Disk Drives) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 21: Global: Hardware Encryption (Internal Hard Disk Drives) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 22: Global: Hardware Encryption (Internal Hard Disk Drives) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 23: Global: Hardware Encryption (lnline Network Encryptors) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 24: Global: Hardware Encryption (lnline Network Encryptors) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 25: Global: Hardware Encryption (USB Flash Drives) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 26: Global: Hardware Encryption (USB Flash Drives) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 27: Global: Hardware Encryption (Others) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 28: Global: Hardware Encryption (Others) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 29: Global: Hardware Encryption (Consumer Electronics) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 30: Global: Hardware Encryption (Consumer Electronics) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 31: Global: Hardware Encryption (IT & Telecom) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 32: Global: Hardware Encryption (IT & Telecom) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 33: Global: Hardware Encryption (Transportation) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 34: Global: Hardware Encryption (Transportation) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 35: Global: Hardware Encryption (Aerospace and Defense) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 36: Global: Hardware Encryption (Aerospace and Defense) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 37: Global: Hardware Encryption (Healthcare) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 38: Global: Hardware Encryption (Healthcare) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 39: Global: Hardware Encryption (BFSI) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 40: Global: Hardware Encryption (BFSI) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 41: Global: Hardware Encryption (Other Applications) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 42: Global: Hardware Encryption (Other Applications) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 43: Asia Pacific: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 44: Asia Pacific: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 45: China: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 46: China: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 47: Japan: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 48: Japan: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 49: India: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 50: India: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 51: South Korea: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 52: South Korea: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 53: Australia: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 54: Australia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 55: Indonesia: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 56: Indonesia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 57: Others: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 58: Others: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 59: North America: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 60: North America: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 61: United States: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 62: United States: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 63: Canada: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 64: Canada: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 65: Europe: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 66: Europe: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 67: Germany: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 68: Germany: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 69: France: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 70: France: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 71: United Kingdom: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 72: United Kingdom: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 73: Italy: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 74: Italy: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 75: Spain: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 76: Spain: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 77: Russia: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 78: Russia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 79: Others: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 80: Others: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 81: Latin America: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 82: Latin America: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 83: Brazil: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 84: Brazil: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 85: Mexico: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 86: Mexico: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 87: Argentina: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 88: Argentina: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 89: Columbia: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 90: Columbia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 91: Chile: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 92: Chile: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 93: Peru: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 94: Peru: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 95: Others: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 96: Others: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 97: Middle East and Africa: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 98: Middle East and Africa: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 99: Turkey: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 100: Turkey: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 101: Saudi Arabia: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 102: Saudi Arabia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 103: Iran: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 104: Iran: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 105: United Arab Emirates: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 106: United Arab Emirates: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 107: Others: Hardware Encryption Market: Sales Value (in Billion US$), 2014 & 2019
Figure 108: Others: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 109: Global: Hardware Encryption Industry: SWOT Analysis
Figure 110: Global: Hardware Encryption Industry: Value Chain Analysis
Figure 111: Global: Hardware Encryption Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Hardware Encryption Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Hardware Encryption Market Forecast: Breakup by Algorithm and Standard (in Billion US$), 2020-2025
Table 3: Global: Hardware Encryption Market Forecast: Breakup by Architecture (in Billion US$), 2020-2025
Table 4: Global: Hardware Encryption Market Forecast: Breakup by Product (in Billion US$), 2020-2025
Table 5: Global: Hardware Encryption Market Forecast: Breakup by Application (in Billion US$), 2020-2025
Table 6: Global: Hardware Encryption Market Forecast: Breakup by Region (in Billion US$), 2020-2025
Table 7: Global: Hardware Encryption Market: Competitive Structure
Table 8: Global: Hardware Encryption Market: Key Players