Hard Drive Degausser 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) : Global Opportunity Analysis and Industry Forecast, 2024-2032
Hard Drive Degausser Market
The hard drive degausser market was valued at $0.1 billion in 2023 and is projected to reach $0.2 billion by 2032, growing at a CAGR of 7.8% from 2024 to 2032.
A hard drive degausser is a specialized device used to eliminate and disrupt data stored on magnetic media such as hard disk drives (HDDs), floppy disks, and magnetic tapes. The device utilizes strong electromagnetic fields to demagnetize the storage platters permanently, making the data unrecoverable. The elimination of data is necessary to ensure information security and compliance with data privacy norms. The hard drives that are put through the degausser generally become unusable post the degaussing process.
Increase in the prevalence of cyberattacks and security breachers is a key factor driving the growth of the hard drive degausser market. In addition, hard drive degaussers are observing a high demand due to environmental concerns as degaussing is an environment-friendly and non-destructive method for data elimination as compared to physical destruction of drives. To enhance data security, the assimilation of hard drive degaussers with software-based data sanitization solutions is a key trend gaining prominence. This assimilation is projected to enhance the layers of security by the integration of software-driven reporting and verification.
However, the limited applicability of degaussers due to incompatibility with media storage devices having old or specialized formats acts as a key restraint for the hard drive degausser market. Furthermore, surge in the popularity of alternative data removal methods such as software-based solutions or shredding is limiting the expansion of the market. Moreover, the process of degaussing renders the hard drives unusable, leading to the generation of e-waste. According to Statistica, a global data and business intelligence platform, a record 62 billion kg of e-waste was generated globally in 2022. The platform further states that the generation of e-waste is anticipated to exceed the mark of 80 million metric tons by 2030.
Segment ReviewThe hard drive degausser market is segmented into type, application, and region. On the basis of type, the market is divided into coil degaussers, capacitive discharge degaussers, and permanent magnet degaussers. Depending on application, it is classified into defense & government, financial company, hospital, radio/TV/broadcasting, data storage company, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the capacitive discharge degaussers segment dominated the market in 2023.
Depending on application, the data storage company segment was the highest shareholder in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe leading players of the global hard drive degausser market include Garner Products, Inc., VS Security Products Ltd., Security Engineered Machinery Co., Inc., Proton Data Security, LLC, intimus International Group, Data Security, Inc., Whitaker Brothers Business Machines, Inc., IDEAL.MBM Corporation, Beijing Heshenda Information Security Technology Co., Ltd., and ZhongChao Weiye Data Security Technology Co., Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeCoil Degaussers
Capacitive Discharge Degaussers
Permanent Magnet Degaussers
By ApplicationDefense and Government
Financial Company
Hospital
Radio/TV/Broadcasting
Data Storage Company
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market Players
Garner Products, Inc.
Garner Products, Inc.
VS Security Products Ltd.
VS Security Products Ltd.
Security Engineered Machinery Co., Inc.
Proton Data Security, LLC
Security Engineered Machinery Co., Inc.
intimus International Group
Data Security, Inc.
Proton Data Security, LLC
Whitaker Brothers Business Machines, Inc.
intimus International Group
IDEAL.MBM Corporation
Data Security, Inc.
Beijing Heshenda Information Security Technology Co., Ltd.
ZhongChao Weiye Data Security Technology Co., Ltd.
Whitaker Brothers Business Machines, Inc.
IDEAL.MBM Corporation
Beijing Heshenda Information Security Technology Co., Ltd.
ZhongChao Weiye Data Security Technology Co., Ltd.
Garner Products, Inc.
VS Security Products Ltd.
Security Engineered Machinery Co., Inc.
Proton Data Security, LLC
intimus International Group
Data Security, Inc.
Whitaker Brothers Business Machines, Inc.
IDEAL.MBM Corporation
Beijing Heshenda Information Security Technology Co., Ltd.
ZhongChao Weiye Data Security Technology Co., Ltd.