Global Hardware Encryption Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts


Dublin, Sept. 13, 2021 (GLOBE NEWSWIRE) -- The "Hardware Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to's offering.

The global hardware encryption market exhibited strong growth during 2015-2020. 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, the publisher expects the global hardware encryption market to grow at a CAGR of around 30% during the forecast period (2021-2026).

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
  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Peru
  • 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 has been the impact of COVID-19 on 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?

Key Topics Covered:

1 Preface

2 Scope and 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

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Gemalto NV Company Overview Product Portfolio
14.3.2 IBM Corp. Company Overview Product Portfolio
14.3.3 Imation Corp. Company Overview Product Portfolio
14.3.4 Maxim Integrated Products Company Overview Product Portfolio Financials SWOT Analysis
14.3.5 Micron Technology Company Overview Product Portfolio Financials SWOT Analysis
14.3.6 Netapp Company Overview Product Portfolio Financials SWOT Analysis
14.3.7 Samsung Electronics Company Overview Product Portfolio Financials SWOT Analysis
14.3.8 SanDisk Corporation Company Overview Product Portfolio
14.3.9 Seagate Technology Company Overview Product Portfolio
14.3.10 Thales Company Overview Product Portfolio
14.3.11 Toshiba Corp. Company Overview Product Portfolio Financials SWOT Analysis
14.3.12 Western Digital Corp. Company Overview Product Portfolio Financials SWOT Analysis
14.3.13 Western Digital Technologies Company Overview Product Portfolio
14.3.14 Winmagic Company Overview Product Portfolio

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