The global hardware encryption devices market is projected to grow at a CAGR of 7.2% during the forecast period, from USD 3.5 billion in 2018 to USD 5.6 billion by 2030. Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018. The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018 and is expected to maintain its dominance throughout the forecast period due to increasing demand from enterprises and governments across various regions globally.
Some Of The Growth Factors Of This Market:
- The increasing need for data security and privacy is driving the growth of the hardware encryption devices market.
- The increasing number of cyber-attacks and data breaches are also driving the growth of this market.
- The growing demand for cloud computing is also a factor in this market's growth, as it requires more data to be stored on servers that are not always within a company's physical premises, which increases the need for encryption devices to protect sensitive information from being accessed by unauthorized personnel or hackers.
- Increasing awareness about cyber-attacks and data breaches among consumers is also fueling this market's growth as they become more aware about how their personal information can be compromised if they do not take precautions such as using encryption devices to protect their sensitive information from being accessed by unauthorized personnel or hackers when using public Wi-Fi networks or other unsecured networks that could potentially be hacked into by malicious actors who want to steal personal information such as credit card numbers, passwords, social security numbers, etc, which can lead to identity theft and frauds in general; thus leading them to purchase hardware encryption devices in order to protect themselves against these risks when using public Wi-Fi networks or other unsecured networks that could potentially be hacked into by malicious actors who want to steal personal information such as credit card numbers, passwords, social security numbers etc, which can lead them into identity theft and frauds in general.
- Increasing adoption of cloud computing services among enterprises will drive the demand for hardware encryption devices.
Industry Growth Insights published a new data on “Hardware Encryption Devices Market”. The research report is titled “Hardware Encryption Devices Market research by Types (Encrypted Hard Disk Drives, Encrypted Solid-State Drives, Hardware Security Module, Others, Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.), By Applications (IT & Telecom, BFSI, Government & Public Utilities, Manufacturing Enterprise, Others, The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.), By Players/Companies Western Digital Corp, Seagate Technology PLC, Samsung Electronics, Micron Technology Inc, Intel, Kingston Technology Corp, Toshiba, Gemalto (Thales), Certes Networks Inc., Kanguru Solutions”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hardware Encryption Devices Market Research Report
By Type
Encrypted Hard Disk Drives, Encrypted Solid-State Drives, Hardware Security Module, Others, Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.
By Application
IT & Telecom, BFSI, Government & Public Utilities, Manufacturing Enterprise, Others, The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.
By Companies
Western Digital Corp, Seagate Technology PLC, Samsung Electronics, Micron Technology Inc, Intel, Kingston Technology Corp, Toshiba, Gemalto (Thales), Certes Networks Inc., Kanguru Solutions
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Hardware Encryption Devices Market Report Segments:
The global Hardware Encryption Devices market is segmented on the basis of:
Types
Encrypted Hard Disk Drives, Encrypted Solid-State Drives, Hardware Security Module, Others, Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.
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
IT & Telecom, BFSI, Government & Public Utilities, Manufacturing Enterprise, Others, The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.
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:
- Western Digital Corp
- Seagate Technology PLC
- Samsung Electronics
- Micron Technology Inc
- Intel
- Kingston Technology Corp
- Toshiba
- Gemalto (Thales)
- Certes Networks Inc.
- Kanguru Solutions
Highlights of The Hardware Encryption Devices 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:
- Encrypted Hard Disk Drives
- Encrypted Solid-State Drives
- Hardware Security Module
- Others
- Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.
- By Application:
- IT & Telecom
- BFSI
- Government & Public Utilities
- Manufacturing Enterprise
- Others
- The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.
- 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 Hardware Encryption Devices 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?
Hardware encryption devices are a type of security device that is used to protect data from unauthorized access. These devices are typically connected to the computer's motherboard and use strong cryptography to encrypt the data stored on the device.
Some of the major players in the hardware encryption devices market are Western Digital Corp, Seagate Technology PLC, Samsung Electronics, Micron Technology Inc, Intel, Kingston Technology Corp, Toshiba, Gemalto (Thales), Certes Networks Inc., Kanguru Solutions.
The hardware encryption devices market is expected to register a CAGR of 7.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hardware Encryption Devices 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. Hardware Encryption Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hardware Encryption Devices Market - Supply Chain
4.5. Global Hardware Encryption Devices Market Forecast
4.5.1. Hardware Encryption Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hardware Encryption Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hardware Encryption Devices Market Absolute $ Opportunity
5. Global Hardware Encryption Devices 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. Hardware Encryption Devices Market Size and Volume Forecast by Type
5.3.1. Encrypted Hard Disk Drives
5.3.2. Encrypted Solid-State Drives
5.3.3. Hardware Security Module
5.3.4. Others
5.3.5. Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hardware Encryption Devices 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. Hardware Encryption Devices Market Size and Volume Forecast by Application
6.3.1. IT & Telecom
6.3.2. BFSI
6.3.3. Government & Public Utilities
6.3.4. Manufacturing Enterprise
6.3.5. Others
6.3.6. The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hardware Encryption Devices 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. Hardware Encryption Devices 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 Hardware Encryption Devices 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. Hardware Encryption Devices 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 Hardware Encryption Devices Demand Share Forecast, 2019-2026
9. North America Hardware Encryption Devices 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 Hardware Encryption Devices 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 Hardware Encryption Devices Market Size and Volume Forecast by Application
9.4.1. IT & Telecom
9.4.2. BFSI
9.4.3. Government & Public Utilities
9.4.4. Manufacturing Enterprise
9.4.5. Others
9.4.6. The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hardware Encryption Devices Market Size and Volume Forecast by Type
9.7.1. Encrypted Hard Disk Drives
9.7.2. Encrypted Solid-State Drives
9.7.3. Hardware Security Module
9.7.4. Others
9.7.5. Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.
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 Hardware Encryption Devices Demand Share Forecast, 2019-2026
10. Latin America Hardware Encryption Devices 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 Hardware Encryption Devices 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 Hardware Encryption Devices Market Size and Volume Forecast by Application
10.4.1. IT & Telecom
10.4.2. BFSI
10.4.3. Government & Public Utilities
10.4.4. Manufacturing Enterprise
10.4.5. Others
10.4.6. The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hardware Encryption Devices Market Size and Volume Forecast by Type
10.7.1. Encrypted Hard Disk Drives
10.7.2. Encrypted Solid-State Drives
10.7.3. Hardware Security Module
10.7.4. Others
10.7.5. Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.
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 Hardware Encryption Devices Demand Share Forecast, 2019-2026
11. Europe Hardware Encryption Devices 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 Hardware Encryption Devices 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 Hardware Encryption Devices Market Size and Volume Forecast by Application
11.4.1. IT & Telecom
11.4.2. BFSI
11.4.3. Government & Public Utilities
11.4.4. Manufacturing Enterprise
11.4.5. Others
11.4.6. The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hardware EncryptionDevices Market Size and Volume Forecast by Type
11.7.1. Encrypted Hard Disk Drives
11.7.2. Encrypted Solid-State Drives
11.7.3. Hardware Security Module
11.7.4. Others
11.7.5. Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.
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 Hardware Encryption Devices Demand Share, 2019-2026
12. Asia Pacific Hardware Encryption Devices 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 Hardware Encryption Devices 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 Hardware Encryption Devices Market Size and Volume Forecast by Application
12.4.1. IT & Telecom
12.4.2. BFSI
12.4.3. Government & Public Utilities
12.4.4. Manufacturing Enterprise
12.4.5. Others
12.4.6. The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hardware Encryption Devices Market Size and Volume Forecast by Type
12.7.1. Encrypted Hard Disk Drives
12.7.2. Encrypted Solid-State Drives
12.7.3. Hardware Security Module
12.7.4. Others
12.7.5. Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.
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 Hardware Encryption Devices Demand Share, 2019-2026
13. Middle East & Africa Hardware Encryption Devices 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 Hardware Encryption Devices 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 Hardware Encryption Devices Market Size and Volume Forecast by Application
13.4.1. IT & Telecom
13.4.2. BFSI
13.4.3. Government & Public Utilities
13.4.4. Manufacturing Enterprise
13.4.5. Others
13.4.6. The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hardware Encryption Devices Market Size and Volume Forecast by Type
13.7.1. Encrypted Hard Disk Drives
13.7.2. Encrypted Solid-State Drives
13.7.3. Hardware Security Module
13.7.4. Others
13.7.5. Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period, this segment was estimated to account for 81% sales volume share in 2018.
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 Hardware Encryption Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hardware Encryption Devices Market: Market Share Analysis
14.2. Hardware Encryption Devices Distributors and Customers
14.3. Hardware Encryption Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Western Digital Corp
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Seagate Technology PLC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Samsung Electronics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Micron Technology Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Intel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kingston Technology Corp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Toshiba
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gemalto (Thales)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Certes Networks Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kanguru Solutions
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
