Global Hardware Encryption Market Growth (Status and Outlook) 2023-2029

Global Hardware Encryption Market Growth (Status and Outlook) 2023-2029

Hardware encryption is used to encrypt the electronics hardware circuit and stay outside of the encryption of electronic communication products, through internal procedures communications data to determine whether they should continue to execute a program.

LPI (LP Information)' newest research report, the “Hardware Encryption Industry Forecast” looks at past sales and reviews total world Hardware Encryption sales in 2022, providing a comprehensive analysis by region and market sector of projected Hardware Encryption sales for 2023 through 2029. With Hardware Encryption sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hardware Encryption industry.

This Insight Report provides a comprehensive analysis of the global Hardware Encryption landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hardware Encryption portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hardware Encryption market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hardware Encryption and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hardware Encryption.

The global Hardware Encryption market size is projected to grow from US$ 28340 million in 2022 to US$ 149940 million in 2029; it is expected to grow at a CAGR of 26.9% from 2023 to 2029.

The growth of this market can be attributed to the huge demand for the processor based on ASIC design for the manufacturing of hardware-encrypted hard disk drives and USB drives, owing to their high speed and small form factor.

This report presents a comprehensive overview, market shares, and growth opportunities of Hardware Encryption market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Encrypted Hard Disk Drives
Encrypted Solid-State Drives
Hardware Security Module
Others

Segmentation by application
IT & Telecom
BFSI
Government & Public Utilities
Manufacturing Enterprise
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Western Digital
Samsung Electronics
Seagate Technology
Micron Technology
Kingston Technology
Toshiba
Kanguru Solutions
Winmagic
Maxim Integrated Products
Netapp
Gemalto
Thales

Please note: The report will take approximately 2 business days to prepare and deliver.