The global hard drive destruction equipment market is expected to grow at a CAGR of 5.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for data security and privacy, which is driving organizations to adopt various data protection measures such as encryption and hard drive destruction. The need for data security has increased due to the growing number of cyber-attacks in recent years, which has led organizations to invest in various technologies that help them protect their sensitive information from unauthorized access or theft. Coil degaussers are expected to account for the largest share of this market during the forecast period owing to their low cost and easy installation process. Capacitive discharge degaussers are expected to witness significant growth during the forecast period owing mainly due its high efficiency and low maintenance costs when compared with other types of degaussers such as permanent magnet degaussers or coil degaussers.
Some Of The Growth Factors Of This Market:
- Increasing demand for data security and privacy is one of the major factors driving the growth of the Hard Drive Destruction Equipment market.
- The increasing number of cyber-attacks and data breaches are also driving the growth of this market.
- Increasing awareness about data protection and privacy among consumers is also fueling this market's growth.
- Growing need for compliance with regulatory requirements such as HIPAA, PCI DSS, GDPR, etc, are also driving this market's growth.
Industry Growth Insights published a new data on “Hard Drive Destruction Equipment Market”. The research report is titled “Hard Drive Destruction Equipment Market research by Types (Coil Degaussers, Capacitive Discharge Degaussers, Permanent Magnet Degaussers), By Applications (Defense and Government, Financial Company, Hospital, Radio/TV/Broadcasting, Data Storage Company, Others), By Players/Companies Garner, VS Security, Security Engineered Machinery, Proton Data Security, intimus, Data Security, Inc, Whitaker Brothers, IDEAL.MBM Corporation, Beijing Heshenda Information, ZhongChaoWeiye”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hard Drive Destruction Equipment Market Research Report
By Type
Coil Degaussers, Capacitive Discharge Degaussers, Permanent Magnet Degaussers
By Application
Defense and Government, Financial Company, Hospital, Radio/TV/Broadcasting, Data Storage Company, Others
By Companies
Garner, VS Security, Security Engineered Machinery, Proton Data Security, intimus, Data Security, Inc, Whitaker Brothers, IDEAL.MBM Corporation, Beijing Heshenda Information, ZhongChaoWeiye
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Hard Drive Destruction Equipment Market Report Segments:
The global Hard Drive Destruction Equipment market is segmented on the basis of:
Types
Coil Degaussers, Capacitive Discharge Degaussers, Permanent Magnet Degaussers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense and Government, Financial Company, Hospital, Radio/TV/Broadcasting, Data Storage Company, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Garner
- VS Security
- Security Engineered Machinery
- Proton Data Security
- intimus
- Data Security, Inc
- Whitaker Brothers
- IDEAL.MBM Corporation
- Beijing Heshenda Information
- ZhongChaoWeiye
Highlights of The Hard Drive Destruction Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Coil Degaussers
- Capacitive Discharge Degaussers
- Permanent Magnet Degaussers
- By Application:
- Defense and Government
- Financial Company
- Hospital
- Radio/TV/Broadcasting
- Data Storage Company
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hard Drive Destruction Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hard drive destruction equipment is a specialized piece of machinery that is used to destroy hard drives. This equipment can be used in a variety of ways, including by smashing the hard drive with an iron ball or by using a laser to melt the hard drive's data storage components.
Some of the major players in the hard drive destruction equipment market are Garner, VS Security, Security Engineered Machinery, Proton Data Security, intimus, Data Security, Inc, Whitaker Brothers, IDEAL.MBM Corporation, Beijing Heshenda Information, ZhongChaoWeiye.
The hard drive destruction equipment market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hard Drive Destruction Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hard Drive Destruction Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hard Drive Destruction Equipment Market - Supply Chain
4.5. Global Hard Drive Destruction Equipment Market Forecast
4.5.1. Hard Drive Destruction Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hard Drive Destruction Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hard Drive Destruction Equipment Market Absolute $ Opportunity
5. Global Hard Drive Destruction Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hard Drive Destruction Equipment Market Size and Volume Forecast by Type
5.3.1. Coil Degaussers
5.3.2. Capacitive Discharge Degaussers
5.3.3. Permanent Magnet Degaussers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hard Drive Destruction Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hard Drive Destruction Equipment Market Size and Volume Forecast by Application
6.3.1. Defense and Government
6.3.2. Financial Company
6.3.3. Hospital
6.3.4. Radio/TV/Broadcasting
6.3.5. Data Storage Company
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hard Drive Destruction Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hard Drive Destruction Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hard Drive Destruction Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hard Drive Destruction Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hard Drive Destruction Equipment Demand Share Forecast, 2019-2026
9. North America Hard Drive Destruction Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hard Drive Destruction Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hard Drive Destruction Equipment Market Size and Volume Forecast by Application
9.4.1. Defense and Government
9.4.2. Financial Company
9.4.3. Hospital
9.4.4. Radio/TV/Broadcasting
9.4.5. Data Storage Company
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hard Drive Destruction Equipment Market Size and Volume Forecast by Type
9.7.1. Coil Degaussers
9.7.2. Capacitive Discharge Degaussers
9.7.3. Permanent Magnet Degaussers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hard Drive Destruction Equipment Demand Share Forecast, 2019-2026
10. Latin America Hard Drive Destruction Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hard Drive Destruction Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hard Drive Destruction Equipment Market Size and Volume Forecast by Application
10.4.1. Defense and Government
10.4.2. Financial Company
10.4.3. Hospital
10.4.4. Radio/TV/Broadcasting
10.4.5. Data Storage Company
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hard Drive Destruction Equipment Market Size and Volume Forecast by Type
10.7.1. Coil Degaussers
10.7.2. Capacitive Discharge Degaussers
10.7.3. Permanent Magnet Degaussers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hard Drive Destruction Equipment Demand Share Forecast, 2019-2026
11. Europe Hard Drive Destruction Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hard Drive Destruction Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hard Drive Destruction Equipment Market Size and Volume Forecast by Application
11.4.1. Defense and Government
11.4.2. Financial Company
11.4.3. Hospital
11.4.4. Radio/TV/Broadcasting
11.4.5. Data Storage Company
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hard Drive Destruction Equipment Market Size and Volume Forecas by Type
11.7.1. Coil Degaussers
11.7.2. Capacitive Discharge Degaussers
11.7.3. Permanent Magnet Degaussers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hard Drive Destruction Equipment Demand Share, 2019-2026
12. Asia Pacific Hard Drive Destruction Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hard Drive Destruction Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hard Drive Destruction Equipment Market Size and Volume Forecast by Application
12.4.1. Defense and Government
12.4.2. Financial Company
12.4.3. Hospital
12.4.4. Radio/TV/Broadcasting
12.4.5. Data Storage Company
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hard Drive Destruction Equipment Market Size and Volume Forecast by Type
12.7.1. Coil Degaussers
12.7.2. Capacitive Discharge Degaussers
12.7.3. Permanent Magnet Degaussers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hard Drive Destruction Equipment Demand Share, 2019-2026
13. Middle East & Africa Hard Drive Destruction Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hard Drive Destruction Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hard Drive Destruction Equipment Market Size and Volume Forecast by Application
13.4.1. Defense and Government
13.4.2. Financial Company
13.4.3. Hospital
13.4.4. Radio/TV/Broadcasting
13.4.5. Data Storage Company
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hard Drive Destruction Equipment Market Size and Volume Forecast by Type
13.7.1. Coil Degaussers
13.7.2. Capacitive Discharge Degaussers
13.7.3. Permanent Magnet Degaussers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hard Drive Destruction Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hard Drive Destruction Equipment Market: Market Share Analysis
14.2. Hard Drive Destruction Equipment Distributors and Customers
14.3. Hard Drive Destruction Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Garner
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. VS Security
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Security Engineered Machinery
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Proton Data Security
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. intimus
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Data Security, Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Whitaker Brothers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IDEAL.MBM Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Beijing Heshenda Information
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ZhongChaoWeiye
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook