Hardware Encryption Market by Algorithm and Standard (AES &RSA), Architecture (FPGA and ASIC), Product (Internal & External Hard Disk Drive, Solid-State Drive, USB, & Inline Encryptor), Application, Vertical, and Geography - Global Forecast to 2022

  • ID: 4031219
  • Report
  • Region: Global
  • 165 Pages
  • Markets and Markets
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The Global Hardware Encryption Market is Expected to Reach USD 413.85 Billion By 2022, Growing at a CAGR of 29.3% Between 2016 And 2022

FEATURED COMPANIES

  • Gemalto NV.
  • Kanguru Solutions
  • Kingston Technology Corp.
  • Micron Technology, Inc.
  • Netapp
  • Seagate Technology PLC
  • MORE

“The global hardware encryption market is expected to grow at a CAGR of 29.3%”

The market is expected to reach USD 413.85 billion by 2022, growing at a CAGR of 29.3% between 2016 and 2022. Increasing concern for data security issue and privacy of data is one of the major factors fueling the growth of this market. In addition, growing requirement of regulatory compliances, expansion of digital content, and significant advantage over software encryption technology are expected to generate demand for hardware encryption. The key restraining factor for the growth of the hardware encryption market is the high capital investment. The total installation cost of hardware encryption technology includes licensing cost, annual maintenance cost, OPAL fees, pre-provisioning cost, staging cost, technical cost for password reset, user idle time cost for encryption, user excess operating cost, technical cost for the assistance of expert administration to encrypted drives.
 
“The hardware encryption market for advanced encryption standard (AES) is expected to grow at a highest rate during the forecast period”

The market for advanced encryption standard is expected to grow at the highest rate between 2016 and 2022. Advanced encryption standard is a symmetric-key algorithm, which implies that the same key is used for both the encryption and decryption processes. The fastest growth of this segment can be attributed to the wide acceptance of AES as a highly secure and fast algorithm for encryption.

“External hard disk drives is expected to hold the largest share during the forecast period”

External hard disk drive is expected to hold the largest share of the hardware encryption market during the forecast period. The external hard disk drives are used as the add-ons to the existing internal storage present in computing systems. External hard disks have all the features of an internal hard disk drive with additional features such as portable, reliable, and easy to install. The large market share of external hard disk drive based on product segment in hardware encryption market can be attributed mainly to the increasing demand for the portable self-encrypting drive (SED) market.

“The America to hold the largest market and APAC to grow at the highest rate for hardware encryption”

The Americas is expected to hold the largest share of the hardware encryption market during the forecast period. This region is home to many established hardware encryption manufacturing companies. The hardware encryption market in APAC is expected to grow at a high rate during the forecast period. The primary reason behind this market growth is the expansion of IT and telecommunication network in China, Thailand, Malaysia, South Korea, India, and other developing countries in APAC. APAC is home to various large number of consumer electronics companies, smartphone manufacturers, and advanced ICT technologies. The enterprises and SMBs in the APAC countries are adopting hardware encryption technique for data security. This is expected to boost the growth of the market for hardware encryption in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the hardware encryption market. The break-up of primary participants for the report has been shown below:

  • By Company Type: Tier 1 - 20 %, Tier 2 - 55%, and Tier 3 - 25%
  • By Designation: C-Level Executives -50%, Directors - 25%, and Others - 25%
  • By Region: North America -60%, Europe - 20%, APAC - 10%, and RoW - 10%

The report also profiles the key players in the hardware encryption market and analyzes their market ranking. The prominent players profiled in this report are Western Digital Corp. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Seagate Technology PLC (Ireland), Kingston Technology Corp. (U.S.), Micron Technology Inc. (U.S.), Toshiba Corp. (Japan), Kanguru Solutions (U.S.), Maxim Integrated Products, Inc. (U.S.), NetApp (U.S.), WinMagic Inc. (U.S.), Thales e-security (U.S.), and Gemalto NV. (Netherlands).

Research Coverage:

This research report categorizes the global hardware encryption market on the basis of algorithm and standard, architectures, products, application, verticals, and geography. The report, in addition, provides the Porter’s five forces analysis, along with the description of each of its forces and their respective impact on the hardware encryption market. It also discusses the major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.

Reasons to Buy the Report

The report would help leaders/new entrants in this market in the following ways:

1. This report segments the hardware encryption market comprehensively and provides the closest market size estimation for subsegments across different regions.
2. The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product launches, acquisitions, partnerships, expansion, agreement, contract, alliance and collaboration.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Gemalto NV.
  • Kanguru Solutions
  • Kingston Technology Corp.
  • Micron Technology, Inc.
  • Netapp
  • Seagate Technology PLC
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Vertical Scope
1.3.3 Geographic Scope
1.3.4 Years Considered for the Study
1.4 Currency
1.5 Market Size
1.6 Limitations
1.7 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand-Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply-Side)
2.2.3 Market Ranking Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Global Hardware Encryption Market
4.2 Hardware Encryption Market, By Algorithm &Standard
4.3 Hardware Encryption Market, By Product and Application
4.4 Country-Wise Analysis of Global Hardware Encryption Market
4.5 Global Hardware Encryption Market Size, By Region
4.6 Hardware Encryption Market, By Vertical
4.7 Hardware Encryption Market Life Cycle Analysis, By Product (2016)

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Hardware Encryption Market, By Algorithm & Standard
5.2.2 Hardware Encryption Market, By Architecture
5.2.3 Hardware Encryption Market, By Product
5.2.4 Hardware Encryption Market, By Application
5.2.5 Hardware Encryption Market, By Vertical
5.2.6 By Geography
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Concern Over Data Security and Privacy
5.3.1.2 Growing Requirement for Regulatory Compliances
5.3.1.3 Expansion of Digital Content
5.3.1.4 Significant Advantage Over Software Encryption Technology
5.3.2 Restraints
5.3.2.1 High Capital Investment
5.3.3 Opportunities
5.3.3.1 Widespread Adoption of Cloud Computing
5.3.3.2 Significant Development and Expansion of Iot in Various Applications
5.3.3.3 Introduction of Compact and Economical Hardware Encryption Techniques
5.3.4 Challenges
5.3.4.1 Lack of Customer Awareness

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Competitive Rivalry

7 Hardware Encryption Market, By Algorithm & Standard
7.1 Introduction
7.2 AES
7.3 Rsa Algorithm
7.4 Others
7.4.1 DES
7.4.2 SHA
7.4.3 ECC
7.4.4 DSA

8 Hardware Encryption Market, By Architecture
8.1 Introduction
8.2 FPGA
8.3 ASIC

9 Hardware Encryption Market, By Product
9.1 Introduction
9.2 External HDD
9.3 Internal HDD
9.4 SSD
9.5 INE
9.6 USB Flash Drive

10 Hardware Encryption Market, By Application
10.1 Introduction
10.2 Consumer Electronics
10.3 IT & Telecom
10.4 Transportation
10.5 Aerospace & Defense
10.6 Healthcare
10.7 BFSI
10.8 Others

11 Hardware Encryption Market, By Vertical
11.1 Introduction
11.2 Industrial
11.3 Commercial
11.4 Residential
11.5 Government

12 Global Hardware Encryption Market, By Geography
12.1 Introduction
12.2 Americas
12.2.1 U.S.
12.2.2 Rest of North America
12.2.3 South America
12.3 Europe
12.3.1 U.K.
12.3.2 Germany
12.3.3 France
12.3.4 Rest of Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 Japan
12.4.3 South Korea
12.4.4 India
12.4.5 Rest of APAC
12.5 RoW
12.5.1 Middle East
12.5.2 Africa

13 Competitive Landscape
13.1 Overview
13.2 Market Rank Analysis
13.3 Competitive Scenario
13.3.1 New Product Launches
13.3.2 Acquisitions & Partnerships
13.3.3 Expansions, Agreements, Contracts, Alliances, and Collaborations

14 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
14.1 Introduction
14.2 Western Digital Corp.
14.3 Samsung Electronics Co. Ltd.
14.4 Seagate Technology PLC
14.5 Micron Technology, Inc.
14.6 Kingston Technology Corp.
14.7 Toshiba Corp.
14.8 Kanguru Solutions
14.9 Winmagic Inc.
14.10 Maxim Integrated Products, Inc.
14.11 Netapp
14.12 Gemalto NV.
14.13 Thales (E-Security)

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide

List of Tables

Table 1 List of Regulatory Compliances for Data Protection
Table 2 Porter’s Five Forces Analysis With Their Weightage Impact
Table 3 Hardware Encryption Market, By Algorithm & Standard, 2013-2022 (USD Billion)
Table 4 Hardware Encryption Market, By Algorithm & Standard, 2013-2022 (Million Units)
Table 5 Hardware Encryption Market, By Architecture, 2013-2022 (USD Billion)
Table 6 Hardware Encryption Market, By Architecture, 2013-2022 (Million Units)
Table 7 Hardware Encryption Market, By Product, 2013-2022 (USD Billion)
Table 8 Hardware Encryption Market, By Product, 2013-2022 (Million Units)
Table 9 Global Hardware Encryption Market for External HDD, By Region, 2013-2022 (USD Billion)
Table 10 Global Hardware Encryption Market for External HDD, By Region, 2013-2022 (Million Units)
Table 11 Global Hardware Encryption Market for Internal HDD, By Region, 2013-2022 (USD Billion)
Table 12 Global Hardware Encryption Market for Internal HDD, By Region, 2013-2022 (Million Units)
Table 13 Global Hardware Encryption Market for SSD, By Region, 2013-2022 (USD Billion)
Table 14 Global Hardware Encryption Market for SSD, By Region, 2013-2022 (Million Units)
Table 15 Global Hardware Encryption Market for INE, By Region, 2013-2022 (USD Billion)
Table 16 Global Hardware Encryption Market for INE, By Region, 2013-2022 (Million Units)
Table 17 Global Hardware Encryption Market for USB Flash Drive, By Region, 2013-2022 (USD Billion)
Table 18 Global Hardware Encryption Market for USB Flash Drive, By Region, 2013-2022 (Million Units)
Table 19 Hardware Encryption Market, By Application, 2013-2022 (USD Billion)
Table 20 Hardware Encryption Market, By Application, 2013-2022 (Million Units)
Table 21 Hardware Encryption Market for Consumer Electronics Application, By Product, 2013-2022 (USD Billion)
Table 22 Hardware Encryption Market for Consumer Electronics Application, By Product, 2013-2022 (Million Units)
Table 23 Hardware Encryption Market for IT & Telecom Application, By Product, 2013-2022 (USD Billion)
Table 24 Hardware Encryption Market for IT & Telecom Application, By Product, 2013-2022 (Million Units)
Table 25 Hardware Encryption Market for Transportation Application, By Product, 2013-2022 (USD Billion)
Table 26 Hardware Encryption Market for Transportation Application, By Product, 2013-2022 (Million Units)
Table 27 Hardware Encryption Market for Aerospace & Defense Application, By Product, 2013-2022 (USD Billion)
Table 28 Hardware Encryption Market for Aerospace & Defense Application, By Product, 2013-2022 (Million Units)
Table 29 Hardware Encryption Market for Healthcare Application, By Product, 2013-2022 (USD Billion)
Table 30 Hardware Encryption Market for Healthcare Application, By Product, 2013-2022 (Million Units)
Table 31 Hardware Encryption Market for BFSI Application, By Product, 2013-2022 (USD Billion)
Table 32 Hardware Encryption Market for BFSI Application, By Product, 2013-2022 (Million Units)
Table 33 Hardware Encryption Market for Others Application Segment, By Product, 2013-2022 (USD Billion)
Table 34 Hardware Encryption Market for Others Application Segment, By Product, 2013-2022 (Million Units)
Table 35 Hardware Encryption Market, By Vertical, 2013-2022 (USD Billion)
Table 36 Hardware Encryption Market, By Vertical, 2013-2022 (Million Units)
Table 37 Hardware Encryption Market for Industrial Vertical, By Product, 2013-2022 (USD Billion)
Table 38 Hardware Encryption Market for Industrial Vertical, By Product, 2013-2022 (Million Units)
Table 39 Hardware Encryption Market for Commercial Vertical, By Product, 2013-2022 (USD Billion)
Table 40 Hardware Encryption Market for Commercial Vertical, By Product, 2013-2022 (Million Units)
Table 41 Hardware Encryption Market for Residential Vertical, By Product, 2013-2022 (USD Billion)
Table 42 Hardware Encryption Market for Residential Vertical, By Product, 2013-2022 (Million Units)
Table 43 Hardware Encryption Market for Government Vertical, By Product, 2013-2022 (USD Billion)
Table 44 Hardware Encryption Market for Government Vertical, By Product, 2013-2022 (Million Units)
Table 45 Global Hardware Encryption Market, By Region, 2013-2022 (USD Billion)
Table 46 Global Hardware Encryption Market, By Region, 2013-2022 (Million Units)
Table 47 Hardware Encryption Market in Americas, By Country, 2013-2022 (USD Billion)
Table 48 Hardware Encryption Market in Americas, By Country, 013-2022 (Million Units)
Table 49 Hardware Encryption Market in Americas, By Product, 2013-2022 (USD Billion)
Table 50 Hardware Encryption Market in Americas, By Product, 2013-2022 (Million Units)
Table 51 Hardware Encryption Market in Europe, By Country, 2013-2022 (USD Billion)
Table 52 Hardware Encryption Market in Europe, By Country, 2013-2022 (Million Units)
Table 53 Hardware Encryption Market in Europe, By Product, 2013-2022 (USD Billion)
Table 54 Hardware Encryption Market in Europe, By Product, 2013-2022 (Million Units)
Table 55 Hardware Encryption Market in APAC, By Country, 2013-2022 (USD Billion)
Table 56 Hardware Encryption Market in APAC, By Country, 2013-2022 (Million Units)
Table 57 Hardware Encryption Market in APAC, By Product, 2013-2022 (USD Billion)
Table 58 Hardware Encryption Market in APAC, By Product, 2013-2022 (Million Units)
Table 59 Hardware Encryption Market in RoW, By Region, 2013-2022 (USD Billion)
Table 60 Hardware Encryption Market in RoW, By Region, 2013-2022 (Million Units)
Table 61 Hardware Encryption Market in RoW, By Product, 2013-2022 (USD Billion)
Table 62 Hardware Encryption Market in RoW, By Product, 2013-2022 (Million Units)
Table 63 Top 5 Players in the Hardware Encryption Market, 2015
Table 64 10 Most Recent New Product Launches in the Hardware Encryption Market
Table 65 10 Most Recent Acquisitions & Partnerships in the Hardware Encryption Market
Table 66 5 Most Recent Expansions, Agreements, Contracts, Alliances, and Collaborations in the Hardware Encryption Market

List of Figures

Figure 1 Hardware Encryption Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 AES Held Largest Share in Hardware Encryption Market, By Algorithm & Standard in 2016, While FPGA to Record Highest Growth in Hardware Encryption Market, By Architecture, Between 2016-2022
Figure 8 SSD Product Segment to Record Highest Growth in Hardware Encryption Market Between 2016-2022 (USD Billion)
Figure 9 BFSI and IT & Telecom Applications to Record Highest Growth in Hardware Encryption Market Between 2016-2022
Figure 10 Government Vertical to Record Highest Growth in Hardware Encryption Market Between 2016-2022 (USD Billion)
Figure 11 APAC Region to Record Highest Growth in Global Hardware Encryption Market Between 2016-2022
Figure 12 Growing Concern Over Security and Privacy of Data to Drive Global Demand for Hardware Encryption Between 2016-2022
Figure 13 AES to Dominate Hardware Encryption Market, By Algorithm and Standard, Between 2016-2022
Figure 14 INE Product and Consumer Electronics Application Segments to Hold Largest Share of Hardware Encryption Market in 2016
Figure 15 U.S. to Hold Largest Share of Global Hardware Encryption Market, By Country, in 2016
Figure 16 APAC to Record Highest Growth in Global Hardware Encryption Market, By Region, Between 2016-2022
Figure 17 Government Vertical to Hold Largest Share of Hardware Encryption Market Between 2016-2022
Figure 18 SSD Product Segment to Enter Growth Stage and Record Highest Growth in Near Future
Figure 19 Global Hardware Encryption Market, By Geography
Figure 20 Hardware Encryption Market Dynamics
Figure 21 Number of Data Breaches in the U.S. Between 2010-2016 (Million)
Figure 22 Value Chain Analysis: Major Value Addition Occurs During Original Equipment Manufacturing and System Integration Phases
Figure 23 Porter’s Five Forces Model for Hardware Encryption Market, 2016
Figure 24 Porter’s Five Forces Analysis
Figure 25 Medium Impact of Threat of New Entrants Owing to High Growth of Hardware Encryption Market
Figure 26 Low Impact of Threat of Substitutes on Hardware Encryption Market Due to Lack of Viable Alternatives
Figure 27 Medium Impact of Bargaining Power of Suppliers Due to Moderate Supplier Concentration
Figure 28 Medium Impact of Bargaining Power of Buyers Due to Low Switching Cost
Figure 29 Intense Competitive Rivalry Due to High Growth of Hardware Encryption Market
Figure 30 AES to Record Highest Growth in Hardware Encryption Market, By Algorithm & Standard, Between 2016-2022 (USD Billion)
Figure 31 ASP of Hardware-Encrypted Devices, By Algorithm & Standard, 2013-2022 (USD)
Figure 32 FPGA to Record Highest Growth in Hardware Encryption Market, By Architecture, Between 2016-2022
Figure 33 ASP of Hardware-Encrypted Devices, By Architecture, 2013-2022 (USD)
Figure 34 SSD Product Segment to Record Highest Growth in Hardware Encryption Market Between 2016-2022
Figure 35 ASP of Hardware-Encrypted Devices, By Product, 2013-2022 (USD)
Figure 36 BFSI Application to Record Highest Growth in Hardware Encryption Market Between 2016-2022 (USD Billion)
Figure 37 ASP of Hardware-Encrypted Devices, By Application, 2013-2022 (USD)
Figure 38 Government Vertical to Record Highest Growth in Hardware Encryption Market Between 2016-2022 (USD Billion)
Figure 39 ASP of Hardware-Encrypted Devices, By Vertical, 2013-2022 (USD)
Figure 40 Geographical Snapshot: Global Hardware Encryption Market
Figure 41 ASP of Hardware-Encrypted Devices, By Region, 2013-2022 (USD)
Figure 42 Snapshot of Hardware Encryption Market in the Americas
Figure 43 Snapshot of Hardware Encryption Market in Europe
Figure 44 Snapshot of Hardware Encryption Market in the APAC
Figure 45 Snapshot of Hardware Encryption Market in the RoW
Figure 46 Companies Adopted New Product Launches as the Key Growth Strategy Between January 2014 and October 2016
Figure 47 Hardware Encryption Market Evaluation Framework
Figure 48 Battle for Market Share
Figure 49 Geographic Revenue Mix of Major Players in Global Hardware Encryption Market
Figure 50 Western Digital Corp.: Company Snapshot
Figure 51 Western Digital Corp.: SWOT Analysis
Figure 52 Samsung Electronics Co. Ltd.: Company Snapshot
Figure 53 Samsung Electronics Co. Ltd.: SWOT Analysis
Figure 54 Seagate Technology PLC: Company Snapshot
Figure 55 Seagate Technology PLC: SWOT Analysis
Figure 56 Micron Technology Inc.: Company Snapshot
Figure 57 Micron Technology Inc.: SWOT Analysis
Figure 58 Kingston Technology Corp.: SWOT Analysis
Figure 59 Toshiba Corp.: Company Snapshot
Figure 60 Maxim Integrated Products, Inc.: Company Snapshot
Figure 61 Netapp: Company Snapshot
Figure 62 Gemalto NV.: Company Snapshot
Figure 63 Thales E-Security: Company Snapshot

Note: Product cover images may vary from those shown
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  • Gemalto NV.
  • Kanguru Solutions
  • Kingston Technology Corp.
  • Maxim Integrated Products, Inc.
  • Micron Technology, Inc.
  • Netapp
  • Samsung Electronics Co. Ltd.
  • Seagate Technology PLC
  • Thales (E-Security)
  • Toshiba Corp.
  • Western Digital Corp.
  • Winmagic Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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