Change Language

Select Language

Press Release:

Global Hardware Encryption Market to Reach US$ 1,251 Billion by 2027, Spurred by Rising Incidences of Cyber Attacks

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Hardware Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global hardware encryption market reached a value of US$ 228 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,251 Billion by 2027, exhibiting a CAGR of 32.66% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

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.

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Hardware Encryption Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hardware encryption market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on algorithm and standard, architecture, product and application.

Breakup by Algorithm and Standard:

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

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

 

 
 

www.imarcgroup.com

To get more information on the regional analysis of this market, Request Sample

  • 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
    • Colombia
    • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Algorithm and Standard, Architecture, Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Argentina, Colombia, Chile, Peru, Turkey, Saudi Arabia, Iran, United Arab Emirates
Companies Covered 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 and Winmagic
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    Impact of COVID-19
    5.4    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 Colombia
           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$), 2016-2021
Figure 3: Global: Hardware Encryption Market: Breakup by Algorithm and Standard (in %), 2021
Figure 4: Global: Hardware Encryption Market: Breakup by Architecture (in %), 2021
Figure 5: Global: Hardware Encryption Market: Breakup by Product (in %), 2021
Figure 6: Global: Hardware Encryption Market: Breakup by Application (in %), 2021
Figure 7: Global: Hardware Encryption Market: Breakup by Region (in %), 2021
Figure 8: Global: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Hardware Encryption (Advanced Encryption Standard) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 10: Global: Hardware Encryption (Advanced Encryption Standard) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 11: Global: Hardware Encryption (Rivest-Shamir-Adleman) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 12: Global: Hardware Encryption (Rivest-Shamir-Adleman) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 13: Global: Hardware Encryption (Others) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 14: Global: Hardware Encryption (Others) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 15: Global: Hardware Encryption (Field-Programmable Gate Arrays) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 16: Global: Hardware Encryption (Field-Programmable Gate Arrays) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 17: Global: Hardware Encryption (Application-Specific Integrated Circuits) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 18: Global: Hardware Encryption (Application-Specific Integrated Circuits) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 19: Global: Hardware Encryption (External Hard Disk Drives) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 20: Global: Hardware Encryption (External Hard Disk Drives) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 21: Global: Hardware Encryption (Internal Hard Disk Drives) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 22: Global: Hardware Encryption (Internal Hard Disk Drives) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 23: Global: Hardware Encryption (lnline Network Encryptors) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 24: Global: Hardware Encryption (lnline Network Encryptors) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 25: Global: Hardware Encryption (USB Flash Drives) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 26: Global: Hardware Encryption (USB Flash Drives) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 27: Global: Hardware Encryption (Others) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 28: Global: Hardware Encryption (Others) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 29: Global: Hardware Encryption (Consumer Electronics) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 30: Global: Hardware Encryption (Consumer Electronics) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 31: Global: Hardware Encryption (IT & Telecom) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 32: Global: Hardware Encryption (IT & Telecom) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 33: Global: Hardware Encryption (Transportation) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 34: Global: Hardware Encryption (Transportation) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 35: Global: Hardware Encryption (Aerospace and Defense) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 36: Global: Hardware Encryption (Aerospace and Defense) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 37: Global: Hardware Encryption (Healthcare) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 38: Global: Hardware Encryption (Healthcare) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 39: Global: Hardware Encryption (BFSI) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 40: Global: Hardware Encryption (BFSI) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 41: Global: Hardware Encryption (Other Applications) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 42: Global: Hardware Encryption (Other Applications) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 43: Asia Pacific: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 44: Asia Pacific: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 45: China: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 46: China: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 47: Japan: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 48: Japan: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 49: India: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 50: India: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 51: South Korea: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 52: South Korea: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 53: Australia: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 54: Australia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 55: Indonesia: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 56: Indonesia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 57: Others: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 58: Others: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 59: North America: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 60: North America: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 61: United States: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 62: United States: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 63: Canada: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 64: Canada: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 65: Europe: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 66: Europe: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 67: Germany: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 68: Germany: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 69: France: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 70: France: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 71: United Kingdom: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 72: United Kingdom: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 73: Italy: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 74: Italy: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 75: Spain: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 76: Spain: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 77: Russia: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 78: Russia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 79: Others: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 80: Others: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 81: Latin America: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 82: Latin America: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 83: Brazil: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 84: Brazil: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 85: Mexico: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 86: Mexico: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 87: Argentina: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 88: Argentina: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 89: Colombia: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 90: Colombia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 91: Chile: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 92: Chile: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 93: Peru: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 94: Peru: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 95: Others: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 96: Others: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 97: Middle East and Africa: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 98: Middle East and Africa: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 99: Turkey: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 100: Turkey: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 101: Saudi Arabia: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 102: Saudi Arabia: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 103: Iran: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 104: Iran: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 105: United Arab Emirates: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 106: United Arab Emirates: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 107: Others: Hardware Encryption Market: Sales Value (in Billion US$), 2016 & 2021
Figure 108: Others: Hardware Encryption Market Forecast: Sales Value (in Billion US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Hardware Encryption Market Forecast: Breakup by Algorithm and Standard (in Billion US$), 2022-2027
Table 3: Global: Hardware Encryption Market Forecast: Breakup by Architecture (in Billion US$), 2022-2027
Table 4: Global: Hardware Encryption Market Forecast: Breakup by Product (in Billion US$), 2022-2027
Table 5: Global: Hardware Encryption Market Forecast: Breakup by Application (in Billion US$), 2022-2027
Table 6: Global: Hardware Encryption Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 7: Global: Hardware Encryption Market: Competitive Structure
Table 8: Global: Hardware Encryption Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Questions Answered in This Report

The global hardware encryption market was valued at US$ 228 Billion in 2021.

We expect the global hardware encryption market to exhibit a CAGR of 32.66% during 2022-2027.

The rising cases of cyber-attacks, along with the increasing adoption of hardware encryptions over
software encryptions, as these systems are more resilient and deliver faster performance, are primarily
driving the global hardware encryption market.

The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of remote working model
resulting in the escalating need for hardware encryption across numerous organizations for maintaining
confidentiality of the data from unauthorized access.

Based on the algorithm and standard, the global hardware encryption market has been segmented into
Advanced Encryption Standard (AES), Rivest- Shamir-Adleman (RSA), and others. Currently, Rivest-
Shamir-Adleman (RSA) holds the majority of the total market share.

Based on the architecture, the global hardware encryption market can be divided into Field-
Programmable Gate Arrays (FPGA) and Application-Specific Integrated Circuits (ASIC), where
Application-Specific Integrated Circuits (ASIC) currently exhibit a clear dominance in the market.

Based on the product, the global hardware encryption market has been categorized into external hard
disk drives, internal hard disk drives, inline network encryptors, USB flash drives, and others. Currently,
external hard disk drives account for the majority of the global market share.

Based on the application, the global hardware encryption market can be segregated into consumer
electronics, IT & telecom, transportation, aerospace and defense, healthcare, BFSI, and others. Among
these, the consumer electronics sector holds the largest market share.

On a regional level, the market has been classified into Asia Pacific, North America, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global hardware encryption market include 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.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

Physical Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Industrial Wireless Sensor Network Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Mobile Edge Computing (MEC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

AR and VR Smart Glasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Hybrid Workplace Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Read More

Purchase Options




$ 2499

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links