Hardware Encryption Market By Usage (Storage Device, Network), By Application, (Healthcare Sector, Military & Aerospace, Automotive & Transportation,BFSI, IT & Telecom), By End User, (Industrial and Commercial, Residential, Government Agencies), Estimation & forecast, 2016 - 2024

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Hardware Encryption Market was valued at $52.45 billion in 2016, and is projected to reach $1,085 billion by 2024, having a CAGR of 46.3% during the forecast period of 2017 to 2024.
  • The technology which encrypts the data stored in a hard drive using appropriate and specific mathematical functions is called as hardware encryption. Hardware encryption restricts the unauthorized entities from accessing the important data. It also provides a layer of security against hackers and other online threats. There are mainly two types of encryption techniques, i.e., software based and hardware based encryption. As per the data revealed by Thales S.A., the overall encryption deployment within IT industry has increased over 37% from 2005 to 2016.

    Market Determinants

    The hardware encryption market is majorly driven by reduced cost of encryption and increasing complexity & volume of data breaches. Moreover, growing concern for data privacy, data security issues and emerging trend of portable storage devices are also pushing the market growth. In addition to this, strict regulatory compliances, rising digital trend, increasing count of complex cyber-attacks, growing demand for consumer electronics such as smartphones, tablets and advantages over software encryption technology are some major driving agents for market growth. However, lack of awareness among end users and stringent government regulation over the use of encrypted devices in some countries might hinder the growth of the very market. On the other hand, continuous technological development of encryption chip technology is expected to create lucrative opportunities for the market in upcoming years.

    Hardware Encryption Market Determinants- Impact Analysis, 2016-2024

    Healthcare was the largest revenue generating sector of global market in 2016. However, military and aerospace sector is anticipated to grasp the lead by 2022 and is projected to the be the largest shareholding segment of 2024 within the hardware encryption market.

    Global Hardware Encryption Market, By Application, 2016-2024

    New product launch and technological innovation is the major strategy adopted by market leaders to improve their market share. For instance, Cardwave Services Ltd. Launched a new hardware encrypted flash drive, SafeToGo™ on November 2013.

    HARDWARE ENCRYPTION MARKET SEGMENTATION

    By Usage
    • Storage Device
    • Network

    By Application
    • Healthcare Sector
    • Military & Aerospace
    • Automotive & Transportation
    • BFSI
    • IT & Telecom
    • Others (Retail, Education, Individual User)

    By End User
    • Industrial and Commercial
    • Residential
    • Government Agencies

    By Geography
    • North America
    • Europe
    • APAC
    • Rest of the World

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  • CHAPTER 1. INTRODUCTION 
    1.1. RESEARCH METHODOLOGY
    1.1.1. ERC desk research
    1.1.2. ERC data synthesis
    1.1.3. Data validation and market feedback
    1.1.4. ERC data sources
    1.2. RESEARCH SCOPE

    CHAPTER 2. MARKET LANDSCAPE
    2.1. RESEARCH SUMMARY
    2.2. VALUE CHAIN ANALYSIS
    2.3. FIVE FORCES ANALYSIS
    2.4. MARKET SHARE ANALYSIS
    2.5. DEMAND FORECAST
    2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
    2.7. MARKET DETERMINANTS
    2.7.1. Drivers
    2.7.1.1. Increasing complexity and volume of data breaches
    2.7.1.2. Increased compliance regulations
    2.7.1.3. Reduced cost of encryption
    2.7.2. Restraints
    2.7.2.1. Lack of awareness among end users
    2.7.2.2. Government regulation over the use of encrypted devices in some countries
    2.7.3. Opportunities
    2.7.3.1. Technological development on encryption chip

    CHAPTER 3. GLOBAL HARDWARE ENCRYPTION MARKET BY USAGE 
    3.1. SEGMENT OUTLINE
    3.2. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024
    3.3. STORAGE DEVICE
    3.3.1. Trend analysis
    3.3.2. Market growth indicators
    3.3.3. Global storage device market revenue by region,2016-2024
    3.3.4. Hard disk
    3.3.4.1. Global hard disk storage device market revenue by region,2016-2024
    3.3.5. USB flash
    3.3.5.1. Global USB flash storage device market revenue by region,2016-2024
    3.4. NETWORK
    3.4.1. Trend analysis
    3.4.2. Market growth indicators
    3.4.3. Global network market revenue by region,2016-2024

    CHAPTER 4. GLOBAL HARDWARE ENCRYPTION MARKET BY APPLICATION
    4.1. SEGMENT OUTLINE
    4.2. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY APPLICATION,2016-2024
    4.3. HEALTHCARE SECTOR
    4.3.1. Trend analysis
    4.3.2. Market growth indicators
    4.3.3. Global healthcare sector market revenue by region,2016-2024
    4.4. MILITARY AND AEROSPACE SECTOR
    4.4.1. Trend analysis
    4.4.2. Market growth indicators
    4.4.3. Global military and aerospace sector market revenue by region,2016-2024
    4.5. AUTOMOTIVE AND TRANSPORTATION SECTOR
    4.5.1. Trend analysis
    4.5.2. Market growth indicators
    4.5.3. Global automotive and transportation sector market revenue by region,2016-2024
    4.6. BFSI
    4.6.1. Trend analysis
    4.6.2. Market growth indicators
    4.6.3. Global BFSI market revenue by region,2016-2024
    4.7. IT & TELECOM
    4.7.1. Trend analysis
    4.7.2. Market growth indicators
    4.7.3. Global IT and telecom market revenue by region,2016-2024
    4.8. OTHER
    4.8.1. Trend analysis
    4.8.2. Market growth indicators
    4.8.3. Global other hardware encryption market revenue by region,2016-2024

    CHAPTER 5. GLOBAL HARDWARE ENCRYPTION MARKET BY END-USER
    5.1. SEGMENT OUTLINE
    5.2. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY END-USER,2016-2024
    5.3. INDUSTRIAL/COMMERCIAL
    5.3.1. Trend analysis
    5.3.2. Market growth indicators
    5.3.3. Global industrial/commercial market revenue by region,2016-2024
    5.4. RESIDENTIAL
    5.4.1. Trend analysis
    5.4.2. Market growth indicators
    5.4.3. Global residential market revenue by region,2016-2024
    5.5. GOVERNMENT AGENCIES
    5.5.1. Trend analysis
    5.5.2. Market growth indicators
    5.5.3. Global government agencies market revenue by region,2016-2024

    CHAPTER 6. GLOBAL HARDWARE ENCRYPTION MARKET BY GEOGRAPHY
    6.1. SEGMENT OUTLINE
    6.2. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY GEOGRAPHY,2016-2024
    6.3. NORTH AMERICA
    6.3.1. Trend analysis
    6.3.2. Market growth indicators
                6.3.3. North America hardware encryption market revenue by usage,2016-2024
    6.4. EUROPE
    6.4.1. Trend analysis
    6.4.2. Market growth indicators
    6.4.3. Europe hardware encryption market revenue by usage,2016-2024
    6.5. ASIA-PACIFIC
    6.5.1. Trend analysis
    6.5.2. Market growth indicators
    6.5.3. APAC hardware encryption market revenue by usage,2016-2024
    6.6. REST OF THE WORLD
    6.6.1. Trend analysis
    6.6.2. Market growth indicators
    6.6.3. ROW hardware encryption market revenue by usage,2016-2024

    CHAPTER 7. KEY VENDOR PROFILES 
    7.1. SEAGATE TECHNOLOGY LLC.
    7.1.1. Company synopsis
    7.1.2. Company snapshot
    7.1.3. Business overview
    7.1.4. Strategic analysis
    7.2. CERTES NETWORKS INC.
    7.2.1. Company synopsis
    7.2.2. Company snapshot
    7.2.3. Business overview
    7.2.4. Strategic analysis
    7.3. SAMSUNG ELECTRONICS CO., LTD.
    7.3.1. Company synopsis
    7.3.2. Company snapshot
    7.3.3. Business overview
    7.3.4. Strategic analysis
    7.4. TOSHIBA CORPORATION
    7.4.1. Company synopsis
    7.4.2. Company snapshot
    7.4.3. Business overview
    7.4.4. Strategic analysis
    7.5. INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM)
    7.5.1. Company synopsis
    7.5.2. Company snapshot
    7.5.3. Business overview
    7.5.4. Strategic analysis
    7.6. MICRON TECHNOLOGY, INC.
    7.6.1. Company synopsis
    7.6.2. Company snapshot
    7.6.3. Business overview
    7.6.4. Strategic analysis
    7.7. NETAPP, INC.
    7.7.1. Company synopsis
    7.7.2. Company snapshot
    7.7.3. Business overview
    7.7.4. Strategic analysis
    7.8. MAXIM INTEGRATED
    7.8.1. Company synopsis
    7.8.2. Company snapshot
    7.8.3. Business overview
    7.8.4. Strategic analysis
    7.9. KINGSTON TECHNOLOGY CORPORATION INC.
    7.9.1. Company synopsis
    7.9.2. Company snapshot
    7.9.3. Business overview
    7.9.4. Strategic analysis
    7.10. SANDISK CORPORATION
    7.10.1. Company synopsis
    7.10.2. Company snapshot
    7.10.3. Business overview
    7.10.4. Strategic analysis

    LIST OF TABLES

    TABLE NO 1. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION)
    TABLE NO 2. GLOBAL STORAGE DEVICE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 3. GLOBAL HARD DISK STORAGE DEVICE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 4. GLOBAL USB FLASH STORAGE DEVICE MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 5. GLOBAL NETWORK MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 6. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY APPLICATION,2016-2024($MILLION)
    TABLE NO 7. GLOBAL HEALTHCARE SECTOR MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 8. GLOBAL MILITARY AND AEROSPACE SECTOR MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 9. GLOBAL AUTOMOTIVE AND TRANSPORTATION SECTOR MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 10. GLOBAL BFSI MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 11. GLOBAL IT AND TELECOM MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 12. GLOBAL OTHER HARDWARE ENCRYPTION MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 13. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY END-USER,2016-2024($MILLION)
    TABLE NO 14. GLOBAL INDUSTRIAL/COMMERCIAL MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 15. GLOBAL RESIDENTIAL MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 16. GLOBAL GOVERNMENT AGENCIES MARKET REVENUE BY REGION,2016-2024($MILLION)
    TABLE NO 17. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY GEOGRAPHY,2016-2024($MILLION)
    TABLE NO 18. NORTH AMERICA HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION)
    TABLE NO 19. EUROPE HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION)
    TABLE NO 20. APAC HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION) 30
    TABLE NO 21. ROW HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION) 31

    LIST OF FIGURES

    FIGURE NO 1. VALUE CHAIN ANALYSIS
    FIGURE NO 2. FIVE FORCES ANALYSIS
    FIGURE NO 3. MARKET SHARE ANALYSIS
    FIGURE NO 4. INVESTMENT OPPORTUNITIES
    FIGURE NO 5. KEY STRATEGIC ATTEMPTS (%SHARE)
    FIGURE NO 6. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION)
    FIGURE NO 7. GLOBAL STORAGE DEVICE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 8. GLOBAL HARD DISK STORAGE DEVICE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 9. GLOBAL USB FLASH STORAGE DEVICE MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 10. GLOBAL NETWORK MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 11. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY APPLICATION,2016-2024($MILLION)
    FIGURE NO 12. GLOBAL HEALTHCARE SECTOR MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 13. GLOBAL MILITARY AND AEROSPACE SECTOR MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 14. GLOBAL AUTOMOTIVE AND TRANSPORTATION SECTOR MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 15. GLOBAL BFSI MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 16. GLOBAL IT AND TELECOM MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 17. GLOBAL OTHER HARDWARE ENCRYPTION MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 18. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY END-USER,2016-2024($MILLION)
    FIGURE NO 19. GLOBAL INDUSTRIAL/COMMERCIAL MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 20. GLOBAL RESIDENTIAL MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 21. GLOBAL GOVERNMENT AGENCIES MARKET REVENUE BY REGION,2016-2024($MILLION)
    FIGURE NO 22. GLOBAL HARDWARE ENCRYPTION MARKET REVENUE BY GEOGRAPHY,2016-2024($MILLION)
    FIGURE NO 23. NORTH AMERICA HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION)
    FIGURE NO 24. EUROPE HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION)
    FIGURE NO 25. APAC HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION)
    FIGURE NO 26. ROW HARDWARE ENCRYPTION MARKET REVENUE BY USAGE,2016-2024($MILLION)

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  • • Certes Networks Inc.
    • IBM Corporation
    • Imation Corp.
    • Kingston Technology Corporation Inc.
    • Maxim Integrated Products, Inc.
    • Micron Technology, Inc.
    • NetApp, Inc.
    • Samsung Electronics Co. Ltd.
    • SanDisk Corporation
    • Seagate Technology LLC
    • Toshiba Corporation

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What Information does this report contain?

• What was the market size of the Global Hardware Encryption Market in 2016 and the expected market size by 2024, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2016 – 2024)?
• Which are the leading companies in the Global Hardware Encryption Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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