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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Hardware Encryption Market Analysis
Based on algorithm standard, the market is divided into Rivest- Shamir-Adleman (RSA), and advanced encryption standard (AES), among others. On the basis of architecture, the market is classified into application-specific integrated circuits (ASIC) and field-programmable gate arrays (FPGA). By product, the hardware encryption market segmentation includes external hard disk drives, internal hard disk drives, inline network encryptors, and USB flash drives, among others.
Based on application, the market is divided into consumer electronics, IT and telecom, transportation, aerospace and defence, healthcare, and BFSI, among others. The major regional markets for hardware encryption are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Hardware Encryption Market Report Snapshots
Hardware Encryption Market Size
Hardware Encryption Market Analysis
Hardware Encryption Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 321.08 million.
The market is projected to grow at a CAGR of 18.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 1,502.02 million by 2032.
The major market drivers include surging sales of consumer electronics and the rising adoption of hardware encryption in large-sized businesses.
The key trends of the market include cost-effectiveness of hardware encryption solutions, stringent regulatory compliances in various sectors, and technological advancements and innovations.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major products considered in the market report are external hard disk drives, internal hard disk drives, USB flash drives, and inline network encryptors, among others.
The different applications of hardware encryption include consumer electronics, transportation, healthcare, IT and telecom, aerospace and defence, and BFSI, among others.
The key market players are IBM Corporation, Micron Technology, Inc., Samsung Electronics Co., Ltd., Toshiba Electronic Devices & Storage Corporation, Kingston Technology Company, Inc., Western Digital Corporation, Analog Devices, Inc., NetApp, Inc., Thales Group, Seagate Technology LLC, and Broadcom, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124