Global Hardware Encryption  Market Analysis 2022

Global Hardware Encryption  Market Analysis 2022

The Global Hardware Encryption Market is expected to reach $436.87 million by 2028 growing at a CAGR of 6.6% from 2021 to 2028. Hardware encryption is a crucial technology in the information sector. It is a technology that can encrypt hardware data through high-end mathematical procedures. Also, hardware encryption is a process that offers the security of information. It is difficult to retrieve information from an encrypted hard drive. Only the user with the correct password and security information can access any data on the encrypted hard drive. There are plenty of sophisticated applications of hardware encryption technology. With the hardware encryption technology, it is possible to prevent any unauthorized access.

Factors such as increasing demand for smartphones, online and digital content, widespread adoption of cloud computing, and use of IoT in various sectors are driving the growth of the market. However, heavy capital investments by stakeholders are restraining the growth of the market.

Based on product type, the solid-state drives (SSD) segment is going to have a lucrative growth during the forecast period which can be attributed to the rising case of data breaches driving the growth of the market. Work from home guidelines resulted in a short-term spike in PCs and other remote work systems. It will boost demand for primary storage SSDs. Furthermore, users from diverse industries have been attracted to the use of SSDs by the product's functionality and reliability.

The key vendors mentioned are International Business Machines (IBM) Corporation, Kingston Technology Company, Inc., McAfee, LLC, Micron Technology, Inc., NetApp, Samsung Electronics Co., Ltd., Seagate Technology LLC, Symantec Corporation, Toshiba Corporation, and Western Digital Technologies, Inc.

Products Types Covered:

  • External Hard Disk Drive (HDD)
  • Inline Network Encryptor
  • Internal Hard Disk Drive (HDD)
  • Solid-State Drives (SSD)
  • Storage Device
  • Universal Serial Bus (USB) Flash Drive
Architecture Types Covered:
  • Application- Specific Integrated Circuits (ASIC)
  • Field-Programmable Gate Arrays (FPGA)
Algorithm & Standards Covered:
  • Advanced Encryption Standard (AES)
  • Elliptic Curve Cryptography (ECC)
  • Rivest-Shamir-Adleman (RSA) Algorithm
  • Secure Hash Algorithm (SHA)
Applications Covered:
  • Aerospace and Defense
  • Banking, Financial Services and Insurance (BFSI)
  • Consumer Electronics
  • Energy & Utilities
  • Government & Public Utilities
  • Healthcare
  • IT & Telecom
  • Manufacturing Sector
  • Media and Entertainment Sector
  • Public Sector
  • Retail Sector
  • Transportation
Regions Covered:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Key Questions Answered in this Report:
  • How this market evolved since the year 2020
  • Market size estimations, forecasts and CAGR for all the segments presented in the scope
  • Key Market Developments and financials of the key players
  • Opportunity Analysis for the new entrants
  • SWOT Analysis of the key players
  • Fastest growing markets analyzed during the forecast period


1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hardware Encryption Market, By Product Type
5.1 Introduction
5.2 External Hard Disk Drive (HDD)
5.3 Inline Network Encryptor
5.4 Internal Hard Disk Drive (HDD)
5.5 Solid-State Drives (SSD)
5.6 Storage Device
5.7 Universal Serial Bus (USB) Flash Drive
6 Global Hardware Encryption Market, By Architecture Type
6.1 Introduction
6.2 Application- Specific Integrated Circuits (ASIC)
6.3 Field-Programmable Gate Arrays (FPGA)
7 Global Hardware Encryption Market, By Algorithm & Standard
7.1 Introduction
7.2 Advanced Encryption Standard (AES)
7.3 Elliptic Curve Cryptography (ECC)
7.4 Rivest-Shamir-Adleman (RSA) Algorithm
7.5 Secure Hash Algorithm (SHA)
8 Global Hardware Encryption Market, By Application
8.1 Introduction
8.2 Aerospace and Defense
8.3 Banking, Financial Services and Insurance (BFSI)
8.4 Consumer Electronics
8.5 Energy & Utilities
8.6 Government & Public Utilities
8.7 Healthcare
8.8 IT & Telecom
8.9 Manufacturing Sector
8.10 Media and Entertainment Sector
8.11 Public Sector
8.12 Retail Sector
8.13 Transportation
9 Global Hardware Encryption Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 International Business Machines (IBM) Corporation
11.2 Kingston Technology Company, Inc.
11.3 McAfee, LLC
11.4 Micron Technology, Inc.
11.5 NetApp
11.6 Samsung Electronics Co., Ltd.
11.7 Seagate Technology LLC
11.8 Symantec Corporation
11.9 Toshiba Corporation
11.10 Western Digital Technologies, Inc.
List of Data Tables
Table 1 Global Hardware Encryption Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Hardware Encryption Market Outlook, By Product Type (2020-2028) ($MN)
Table 3 Global Hardware Encryption Market Outlook, By External Hard Disk Drive (HDD) (2020-2028) ($MN)
Table 4 Global Hardware Encryption Market Outlook, By Inline Network Encryptor (2020-2028) ($MN)
Table 5 Global Hardware Encryption Market Outlook, By Internal Hard Disk Drive (HDD) (2020-2028) ($MN)
Table 6 Global Hardware Encryption Market Outlook, By Solid-State Drives (SSD) (2020-2028) ($MN)
Table 7 Global Hardware Encryption Market Outlook, By Storage Device (2020-2028) ($MN)
Table 8 Global Hardware Encryption Market Outlook, By Universal Serial Bus (USB) Flash Drive (2020-2028) ($MN)
Table 9 Global Hardware Encryption Market Outlook, By Architecture Type (2020-2028) ($MN)
Table 10 Global Hardware Encryption Market Outlook, By Application- Specific Integrated Circuits (ASIC) (2020-2028) ($MN)
Table 11 Global Hardware Encryption Market Outlook, By Field-Programmable Gate Arrays (FPGA) (2020-2028) ($MN)
Table 12 Global Hardware Encryption Market Outlook, By Algorithm & Standard (2020-2028) ($MN)
Table 13 Global Hardware Encryption Market Outlook, By Advanced Encryption Standard (AES) (2020-2028) ($MN)
Table 14 Global Hardware Encryption Market Outlook, By Elliptic Curve Cryptography (ECC) (2020-2028) ($MN)
Table 15 Global Hardware Encryption Market Outlook, By Rivest-Shamir-Adleman (RSA) Algorithm (2020-2028) ($MN)
Table 16 Global Hardware Encryption Market Outlook, By Secure Hash Algorithm (SHA) (2020-2028) ($MN)
Table 17 Global Hardware Encryption Market Outlook, By Application (2020-2028) ($MN)
Table 18 Global Hardware Encryption Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
Table 19 Global Hardware Encryption Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
Table 20 Global Hardware Encryption Market Outlook, By Consumer Electronics (2020-2028) ($MN)
Table 21 Global Hardware Encryption Market Outlook, By Energy & Utilities (2020-2028) ($MN)
Table 22 Global Hardware Encryption Market Outlook, By Government & Public Utilities (2020-2028) ($MN)
Table 23 Global Hardware Encryption Market Outlook, By Healthcare (2020-2028) ($MN)
Table 24 Global Hardware Encryption Market Outlook, By IT & Telecom (2020-2028) ($MN)
Table 25 Global Hardware Encryption Market Outlook, By Manufacturing Sector (2020-2028) ($MN)
Table 26 Global Hardware Encryption Market Outlook, By Media and Entertainment Sector (2020-2028) ($MN)
Table 27 Global Hardware Encryption Market Outlook, By Public Sector (2020-2028) ($MN)
Table 28 Global Hardware Encryption Market Outlook, By Retail Sector (2020-2028) ($MN)
Table 29 Global Hardware Encryption Market Outlook, By Transportation (2020-2028) ($MN)
Table 30 North America Hardware Encryption Market Outlook, By Product Type (2020-2028) ($MN)
Table 31 North America Hardware Encryption Market Outlook, By Architecture Type (2020-2028) ($MN)
Table 32 North America Hardware Encryption Market Outlook, By Algorithm & Standard (2020-2028) ($MN)
Table 33 North America Hardware Encryption Market Outlook, By Application (2020-2028) ($MN)
Table 34 North America Hardware Encryption Market Outlook, By End User (2020-2028) ($MN)
Table 35 Europe Hardware Encryption Market Outlook, By Product Type (2020-2028) ($MN)
Table 36 Europe Hardware Encryption Market Outlook, By Architecture Type (2020-2028) ($MN)
Table 37 Europe Hardware Encryption Market Outlook, By Algorithm & Standard (2020-2028) ($MN)
Table 38 Europe Hardware Encryption Market Outlook, By Application (2020-2028) ($MN)
Table 39 Asia Pacific Hardware Encryption Market Outlook, By Product Type (2020-2028) ($MN)
Table 40 Asia Pacific Hardware Encryption Market Outlook, By Architecture Type (2020-2028) ($MN)
Table 41 Asia Pacific Hardware Encryption Market Outlook, By Algorithm & Standard (2020-2028) ($MN)
Table 42 Asia Pacific Hardware Encryption Market Outlook, By Application (2020-2028) ($MN)
Table 43 South America Hardware Encryption Market Outlook, By Product Type (2020-2028) ($MN)
Table 44 South America Hardware Encryption Market Outlook, By Architecture Type (2020-2028) ($MN)
Table 45 South America Hardware Encryption Market Outlook, By Algorithm & Standard (2020-2028) ($MN)
Table 46 South America Hardware Encryption Market Outlook, By Application (2020-2028) ($MN)
Table 47 Middle East & Africa Hardware Encryption Market Outlook, By Product Type (2020-2028) ($MN)
Table 48 Middle East & Africa Hardware Encryption Market Outlook, By Architecture Type (2020-2028) ($MN)
Table 49 Middle East & Africa Hardware Encryption Market Outlook, By Algorithm & Standard (2020-2028) ($MN)
Table 50 Middle East & Africa Hardware Encryption Market Outlook, By Application (2020-2028) ($MN)

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