Market Research

North America Hardware Encryption Market Size, Share & Trends Analysis Report By Architecture (ASIC, and FPGA), By Product, By Algorithm Standard, By End Use, By Application, By Country and Growth Forecast, 2024 - 2031

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 158 Pages Knowledge Based Value (KBV) Research April, 2024 KBV18806037
Best Price Guarantee
Price from $1,500
Length 158 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date April, 2024
SKU KBV18806037

North America Hardware Encryption Market Size, Share & Trends Analysis Report By Architecture (ASIC, and FPGA), By Product, By Algorithm Standard, By End Use, By Application, By Country and Growth Forecast, 2024 - 2031


The North America Hardware Encryption Market would witness market growth of 17.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Hardware Encryption Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $243,919.8 million by 2031. The Canada market is experiencing a CAGR of 19.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 19.1% during (2024 - 2031).

Hardware encryption solutions find applications across various industries and sectors. For instance, One of the primary applications of these is securing data storage devices, such as hard disk drives (HDDs), solid-state drives (SSDs), and USB flash drives. By encrypting data at the hardware level, organizations can ensure that sensitive information remains protected, even if the storage device is lost, stolen, or compromised.

Hardware encryption is used to secure data transmission over networks, including wired and wireless connections. Network encryption devices, such as VPN routers, firewalls, and network appliances, employ hardware-based encryption to encrypt data packets and protect against eavesdropping, man-in-the-middle attacks, and unauthorized access. In addition, this is used to secure data stored in data centers, including servers, storage arrays, and networking equipment.

As Canada’s automotive industry embraces connected vehicle technology, there’s an increased need for robust security measures to protect sensitive data transmitted and stored within these vehicles. These solutions are vital for safeguarding data such as vehicle diagnostics, location information, and driver profiles from cyber threats and unauthorized access. Thus, the growing automotive industry and rising IT & telecommunication sector in the region drive the market’s growth.

Based on Architecture, the market is segmented into ASIC, and FPGA. Based on Product, the market is segmented into Hard Disk Drive (HDD), Solid State Drives (SSD), Universal Serial Bus (USB), and Inline Network Encryptor. Based on Algorithm Standard, the market is segmented into RSA, AES, and Others. Based on End Use, the market is segmented into Commercial, Government, Industrial, and Residential. Based on Application, the market is segmented into Consumer Electronics, Automotive & Transportation, Government & Public Utilities, Healthcare & Lifesciences, BFSI, Manufacturing, Aerospace & Defense, IT & Telecom, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Broadcom, Inc.
  • IBM Corporation
  • Kingston Technology Company, Inc.
  • Micron Technology, Inc.
  • NetApp, Inc.
  • Samsung Electronics Co., Ltd.
  • Seagate Technology LLC
  • Toshiba Corporation
  • Western Digital Corporation
  • Intel Corporation
North America Hardware Encryption Market Report Segmentation

By Architecture
  • ASIC
  • FPGA
By Product
  • Hard Disk Drive (HDD)
  • Solid State Drives (SSD)
  • Universal Serial Bus (USB)
  • Inline Network Encryptor
By Algorithm Standard
  • RSA
  • AES
  • Others
By End Use
  • Commercial
  • Government
  • Industrial
  • Residential
By Application
  • Consumer Electronics
  • Automotive & Transportation
  • Government & Public Utilities
  • Healthcare & Lifesciences
  • BFSI
  • Manufacturing
  • Aerospace & Defense
  • IT & Telecom
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Hardware Encryption Market, by Architecture
1.4.2 North America Hardware Encryption Market, by Product
1.4.3 North America Hardware Encryption Market, by Algorithm Standard
1.4.4 North America Hardware Encryption Market, by End Use
1.4.5 North America Hardware Encryption Market, by Application
1.4.6 North America Hardware Encryption Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Sep – 2024, Mar) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Hardware Encryption Market by Architecture
5.1 North America ASIC Market by Region
5.2 North America FPGA Market by Region
Chapter 6. North America Hardware Encryption Market by Product
6.1 North America Hard Disk Drive (HDD) Market by Country
6.2 North America Solid State Drives (SSD) Market by Country
6.3 North America Universal Serial Bus (USB) Market by Country
6.4 North America Inline Network Encryptor Market by Country
Chapter 7. North America Hardware Encryption Market by Algorithm Standard
7.1 North America RSA Market by Country
7.2 North America AES Market by Country
7.3 North America Others Market by Country
Chapter 8. North America Hardware Encryption Market by End Use
8.1 North America Commercial Market by Country
8.2 North America Government Market by Country
8.3 North America Industrial Market by Country
8.4 North America Residential Market by Country
Chapter 9. North America Hardware Encryption Market by Application
9.1 North America Consumer Electronics Market by Country
9.2 North America Automotive & Transportation Market by Country
9.3 North America Government & Public Utilities Market by Country
9.4 North America Healthcare & Lifesciences Market by Country
9.5 North America BFSI Market by Country
9.6 North America Manufacturing Market by Country
9.7 North America Aerospace & Defense Market by Country
9.8 North America IT & Telecom Market by Country
9.9 North America Others Market by Country
Chapter 10. North America Hardware Encryption Market by Country
10.1 US Hardware Encryption Market
10.1.1 US Hardware Encryption Market by Architecture
10.1.2 US Hardware Encryption Market by Product
10.1.3 US Hardware Encryption Market by Algorithm Standard
10.1.4 US Hardware Encryption Market by End Use
10.1.5 US Hardware Encryption Market by Application
10.2 Canada Hardware Encryption Market
10.2.1 Canada Hardware Encryption Market by Architecture
10.2.2 Canada Hardware Encryption Market by Product
10.2.3 Canada Hardware Encryption Market by Algorithm Standard
10.2.4 Canada Hardware Encryption Market by End Use
10.2.5 Canada Hardware Encryption Market by Application
10.3 Mexico Hardware Encryption Market
10.3.1 Mexico Hardware Encryption Market by Architecture
10.3.2 Mexico Hardware Encryption Market by Product
10.3.3 Mexico Hardware Encryption Market by Algorithm Standard
10.3.4 Mexico Hardware Encryption Market by End Use
10.3.5 Mexico Hardware Encryption Market by Application
10.4 Rest of North America Hardware Encryption Market
10.4.1 Rest of North America Hardware Encryption Market by Architecture
10.4.2 Rest of North America Hardware Encryption Market by Product
10.4.3 Rest of North America Hardware Encryption Market by Algorithm Standard
10.4.4 Rest of North America Hardware Encryption Market by End Use
10.4.5 Rest of North America Hardware Encryption Market by Application
Chapter 11. Company Profiles
11.1 Broadcom, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 IBM Corporation
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional & Segmental Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Product Launches and Product Expansions:
11.2.6 SWOT Analysis
11.3 Kingston Technology Company, Inc.
11.3.1 Company Overview
11.3.2 Recent strategies and developments:
11.3.2.1 Product Launches and Product Expansions:
11.3.3 SWOT Analysis
11.4 Micron Technology, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Product Launches and Product Expansions:
11.4.6 SWOT Analysis
11.5 NetApp, Inc.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Samsung Electronics Co., Ltd. (Samsung Group)
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Recent strategies and developments:
11.6.4.1 Product Launches and Product Expansions:
11.6.5 SWOT Analysis
11.7 Seagate Technology LLC
11.7.1 Company Overview
11.7.2 SWOT Analysis
11.8 Toshiba Corporation
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Research and Development Expense
11.8.5 Recent strategies and developments:
11.8.5.1 Partnerships, Collaborations, and Agreements:
11.8.6 SWOT Analysis
11.9 Western Digital Corporation
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.9.6 SWOT Analysis
11.10. Intel Corporation
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expenses
11.10.5 Recent strategies and developments:
11.10.5.1 Partnerships, Collaborations, and Agreements:
11.10.6 SWOT Analysis

$1,500
$1,800
$2,520

Research Assistance

US: 800.298.5699
Int'l: +1.240.747.3093
Live help
Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Other tasks

Cookie Settings