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Home / Electronic Component and Semiconductor / Global Hardware Encryption Devices Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application

Global Hardware Encryption Devices Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application

Published: May 2020 Total Pages: 116 | Published By: QYResearch Group

Hardware-based encryption devices offer the security of strong encryption with the ease of minimal configuration and platform interoperability. Hardware encryption can offer several benefits beyond those provided by software encryption. These include faster algorithm processing, tamper-proof or tamper-resistant key storage, and protection against unauthorized code.

In North America, total hardware encryption devices accounted for 28%. In the Europe, total hardware encryption devices accounted for 25%. In Asia-Pacific, total hardware encryption devices accounted for 39%. The sales of Central & South America accounted for 4% and in Middle East & Africa region 3% in 2018.

In 2019, the global Hardware Encryption Devices market size was US$ 23340 million and it is expected to reach US$ xx million by the end of 2026, with a CAGR of xx% between 2020 and 2026.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Hardware Encryption Devices market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyzes the impact of Coronavirus COVID-19 on the Hardware Encryption Devices industry.

The research report studies the Hardware Encryption Devices market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.

Global Hardware Encryption Devices market: Drivers and Restraints

This section covers the various factors driving the global Hardware Encryption Devices market. To understand the growth of the market it is important to analyze the various drivers present the market. It provides data by revenue and volume of different regions and their respective manufacturers. This data will elaborate on the market share occupied by them, predict their revenue concerning strategies, and how they will grow in the future. After explaining the drivers, the report further evaluates the new opportunities and current trends in the market.

Market restraints are factors hampering market growth. Studying these factors is equally pivotal as they help a reader need understand the weaknesses of the market.

Global Hardware Encryption Devices market: Segment Analysis

The global Hardware Encryption Devices market is split into two segments, type, and application. The product type briefs on the various types of products available in the market. The report also provides data for each product type by revenue and sales for the forecast time period. It covers the price of each type of product. The other segment on the report, application, explains the various uses of the product and end-users. In the report, the researchers have also provided sales according to the consumption of the product.

Global Hardware Encryption Devices market: Regional Analysis

The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.

Global Hardware Encryption Devices market: Key Players

The report lists the major manufacturers in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

By the product type, the market is primarily split into

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 the end users/application, this report covers the following segments

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.

Competitive Landscape:

The report provides a list of all the key players in the Hardware Encryption Devices market along with a detailed analysis of the strategies, which the companies are adopting. The strategies mainly include new product development, research, and development, and also provides revenue shares, company overview, and recent company developments to remain competitive in the market.

The Hardware Encryption Devices key manufacturers in this market include:

Western Digital Corp

Seagate Technology PLC

Samsung Electronics

Micron Technology Inc

Intel

Kingston Technology Corp

Toshiba

Gemalto (Thales)

Certes Networks Inc.

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