Market Research Report

Global Hardware Encryption Market Report By Algorithm & Standard (Rivest, Shamir, and Adelman (RSA), Advanced Encryption Standard (AES), Others), By Architecture (Application-specific Integrated Circuit (ASIC), Field-programmable Gate Array (FPGA), By Product (Hard Disk Drive (HDD), External HDD, Internal HDD, Solid-state Drives (SSD), Universal Serial Bus (USB), Up to 4GB, 5–16GB, 17–64GB, 65GB & Above, Inline Network Encryptor), By Application (Consumer Electronics, IT & Telecom, Automotive & Transportation, Aerospace & Defense, Healthcare, Government & Public Utilities, BFSI, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028

ID:VMR11215357
June 2021
Report Formats: Report Formats
Global Hardware Encryption Market Overview 
 
The key driver impacting the hardware encryption market is the technological advancement and surging demand for consumer electronics such as smartphones, tablets, etc. For example, hardware encryption devices are using alternative technologies rather than traditional passwords such as biometrics (e.g., fingerprint scanning) or PIN numbers, making the process ideal for mobile devices. An important example is Apple’s TouchID fingerprint scanner for iPhones. Thus, the increasing demand for tablets and smartphones is expected to boost market demand. For instance, As per the economics help organization, from zero sales at the start of 2010, the tablet market has expanded to100 million units yearly by the end of 2013. Furthermore, tablet sales had reached around 200 million per year in the period 2013 -2016. Moreover, the emergence of portable storage devices to transfer files between computers and to backup important information contributes to the development of the hardware encryption market in the coming years.
According to Value Market Research, the global hardware encryption market size was valued at about USD 130 billion in 2020 and is estimated to grow at a CAGR of around 30% during the forecast period 2021 to 2027.

The growing popularity of hardware encryption for protecting sensitive data on portable devices such as laptops and USB flash drives is likely to augment the market demand in the forecast period. There are growing concerns connected to data privacy and data security, and the remarkable expansion of digital content is creating the need for hardware encryption. However, the high capital investment may hamper the market in the long run. Also, the lack of awareness among consumers linked with hardware encryption technology negatively benefits market development. Even though the current industry trends, like the growing adoption of cloud computing and the advent of cost-effective and compact hardware encryption techniques, are expected to offer several beneficial market opportunities to the key players.

The hardware encryption market is vast, with many local and global players. The hardware encryption market is extensive, with many international and regional players. The market leaders pursue diverse business strategies to enhance their market position, such as extending acquisitions, product portfolio, contracts, product upgrades, amalgamation to raise their market share globally. The key market players studied in the report Samsung Electronics Co. Ltd., Western Digital Corp., NetApp, Micron Technology Inc., Seagate Technology PLC, Kingston Technology Corp., KIOXIA, Kanguru Solutions, Intel, WinMagic Inc., IBM, Thales e-Security, Maxim Integrated Products, Inc, Mcafee, and Broadcom.

Global Hardware Encryption Market Share

In this research report, the Hardware encryption market is segmented by algorithm & standard, architecture, product, application, and region.

Analysis by Algorithm & Standard:
By algorithm & standard, the report is categorized into rivest, Shamir, Adelman (RSA), advanced encryption standard (AES), and Others. The rivest, Shamir, and Adelman (RSA) segment dominate the algorithm & standard segment with over 35% share in 2020. It is the oldest and most extensively utilized public-key cryptosystem for securing data transmission. Moreover, growing concerns towards protecting private information and sensitive data due to rising data breach cases globally contribute to the Rivest, Shamir, and Adelman (RSA) segment growth in the forecast period.  

Analysis by Architecture:  
By architecture, the report is categorized into application-specific integrated circuits (ASIC) and field-programmable gate arrays (FPGA). The application-specific integrated circuit (ASIC) segment dominates the architecture segment with over 55% share in 2020. It is due to the extensive adoption of ASIC chips as IP cores for satellites, Microcontroller, ROM manufacturing, and different types of applications in the research and medical sectors. Moreover, ASIC chips are now being developed to specifically test and train AI algorithms to contribute to the growth of the application-specific integrated circuit (ASIC) segment in the forecast period.

Analysis by Product: 
By product, the report is categorized into Hard Disk Drive (HDD), External HDD, Internal HDD, Solid-state Drives (SSD), Universal Serial Bus (USB), Up to 4GB, 5–16GB, 17–64GB, 65GB & Above, and Inline Network Encryptor. The Hard Disk Drive (HDD) segment dominates the product segment with over 40% share in 2020. The massive adoption of HDD for secondary storage, due to the ability to provide high storage capacity at reduced prices. Moreover, it can store and retrieves data much faster than a floppy disk, or CD/DVD, which contributes to the growth of the Hard Disk Drive (HDD) segment in the forecast period.

Analysis by Application:
By application, the report is divided into consumer electronics, IT & Telecom, automotive & transportation, aerospace & defense, healthcare, government & public utilities, BFSI, and others. The consumer electronics segment dominates with over 20% share in 2020. It is due to the growing adoption of consumer electronic devices among consumers across the globe. Moreover, the advent of the bring-your-own-devices (BYOD) culture across several organizations contributed to the growth of the consumer electronics segment in the coming years.

Analysis by Region: 
In the regional outlook of the global hardware encryption market, the North America region dominates globally with a 30% market share in the forecast period. It is due to the growing cases of data breaches in the healthcare and financial sector in the U.S., with growing government initiatives to augment the adoption of hardware encryption in the healthcare sector.  Moreover, it has several established hardware encryption manufacturing companies, which is contributing to the incredible market growth across North America.

Market Segmentation covered in the Report:
By Algorithm & Standard
  • Rivest, Shamir, and Adelman (RSA)
  • Advanced Encryption Standard (AES)
  • Others
 
By Architecture
  •  Application-specific Integrated Circuit (ASIC)
  • Field-programmable Gate Array (FPGA)
 
By Product
  • Hard Disk Drive (HDD)
  • External HDD
  • Internal HDD
  • Solid-state Drives (SSD)
  • Universal Serial Bus (USB)
  • Up to 4GB
  • 5–16GB
  • 17–64GB
  • 65GB & Above
  • Inline Network Encryptor
 
By Application
  • Consumer Electronics
  • IT & Telecom
  • Automotive & Transportation
  • Aerospace & Defense
  • Healthcare
  • Government & Public Utilities
  • BFSI
  • Others
 
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.   

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . HARDWARE ENCRYPTION – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Algorithm & Standard
           3.7.2 By Architecture
           3.7.3 By Product
           3.7.4 By Application
           3.7.5 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL HARDWARE ENCRYPTION MARKET ANALYSIS BY ALGORITHM & STANDARD
       6.1 Overview by Algorithm & Standard
       6.2 Historical and Forecast Data
       6.3 Analysis by Algorithm & Standard
       6.4 Rivest, Shamir, and Adelman (RSA) Market by Regions
       6.5 Advanced Encryption Standard (AES) Market by Regions
       6.6 Others Market by Regions
 
7 . GLOBAL HARDWARE ENCRYPTION MARKET ANALYSIS BY ARCHITECTURE
       7.1 Overview by Architecture
       7.2 Historical and Forecast Data
       7.3 Analysis by Architecture
       7.4 Application-specific Integrated Circuit (ASIC) Market by Regions
       7.5 Field-programmable Gate Array (FPGA) Market by Regions
 
8 . GLOBAL HARDWARE ENCRYPTION MARKET ANALYSIS BY PRODUCT
       8.1 Overview by Product
       8.2 Historical and Forecast Data
       8.3 Analysis by Product
       8.4 Hard Disk Drive (HDD) Market by Regions
       8.5 External HDD Market by Regions
       8.6 Internal HDD Market by Regions
       8.7 Solid-state Drives (SSD) Market by Regions
       8.8 Universal Serial Bus (USB) Market by Regions
       8.9 Up to 4GB Market by Regions
       8.10. 5–16GB Market by Regions
       8.11 17–64GB Market by Regions
       8.12 65GB & Above Market by Regions
       8.13 Inline Network Encryptor Market by Regions
 
9 . GLOBAL HARDWARE ENCRYPTION MARKET ANALYSIS BY APPLICATION
       9.1 Overview by Application
       9.2 Historical and Forecast Data
       9.3 Analysis by Application
       9.4 Consumer Electronics Market by Regions
       9.5 IT & Telecom Market by Regions
       9.6 Automotive & Transportation Market by Regions
       9.7 Aerospace & Defense Market by Regions
       9.8 Healthcare Market by Regions
       9.9 Government & Public Utilities Market by Regions
       9.10. BFSI Market by Regions
       9.11 Others Market by Regions
 
10 . GLOBAL HARDWARE ENCRYPTION MARKET ANALYSIS BY GEOGRAPHY
       10.1. Regional Outlook
       10.2. Introduction
       10.3. North America
           10.3.1. Overview, Historic and Forecast Data
           10.3.2. North America By Segment
           10.3.3. North America By Country
           10.3.4. United State
           10.3.5. Canada
           10.3.6. Mexico
       10.4. Europe
           10.4.1. Overview, Historic and Forecast Data
           10.4.2. Europe by Segment
           10.4.3. Europe by Country
           10.4.4. United Kingdom
           10.4.5. France
           10.4.6. Germany
           10.4.7. Italy
           10.4.8. Russia
           10.4.9. Rest Of Europe
       10.5. Asia Pacific
           10.5.1. Overview, Historic and Forecast Data
           10.5.2. Asia Pacific by Segment
           10.5.3. Asia Pacific by Country
           10.5.4. China
           10.5.5. India
           10.5.6. Japan
           10.5.7. South Korea
           10.5.8. Australia
           10.5.9. Rest Of Asia Pacific
       10.6. Latin America
           10.6.1. Overview, Historic and Forecast Data
           10.6.2. Latin America by Segment
           10.6.3. Latin America by Country
           10.6.4. Brazil
           10.6.5. Argentina
           10.6.6. Peru
           10.6.7. Chile
           10.6.8. Rest of Latin America
       10.7. Middle East & Africa
           10.7.1. Overview, Historic and Forecast Data
           10.7.2. Middle East & Africa by Segment
           10.7.3. Middle East & Africa by Country
           10.7.4. Saudi Arabia
           10.7.5. UAE
           10.7.6. Israel
           10.7.7. South Africa
           10.7.8. Rest Of Middle East And Africa
 
11 . COMPETITIVE LANDSCAPE OF THE HARDWARE ENCRYPTION COMPANIES
       11.1. Hardware Encryption Market Competition
       11.2. Partnership/Collaboration/Agreement
       11.3. Merger And Acquisitions
       11.4. New Product Launch
       11.5. Other Developments
 
12 . COMPANY PROFILES OF HARDWARE ENCRYPTION INDUSTRY
       12.1. Company Share Analysis
       12.2. Market Concentration Rate
       12.3. Samsung Electronics Co. Ltd.
           12.3.1. Company Overview
           12.3.2. Financials
           12.3.3. Products
           12.3.4. Recent Developments
       12.4. Western Digital Corp.
           12.4.1. Company Overview
           12.4.2. Financials
           12.4.3. Products
           12.4.4. Recent Developments
       12.5. NetApp
           12.5.1. Company Overview
           12.5.2. Financials
           12.5.3. Products
           12.5.4. Recent Developments
       12.6. Micron Technology Inc.
           12.6.1. Company Overview
           12.6.2. Financials
           12.6.3. Products
           12.6.4. Recent Developments
       12.7. Seagate Technology PLC
           12.7.1. Company Overview
           12.7.2. Financials
           12.7.3. Products
           12.7.4. Recent Developments
       12.8. Kingston Technology Corp.
           12.8.1. Company Overview
           12.8.2. Financials
           12.8.3. Products
           12.8.4. Recent Developments
       12.9. KIOXIA
           12.9.1. Company Overview
           12.9.2. Financials
           12.9.3. Products
           12.9.4. Recent Developments
       12.10. Kanguru Solutions
           12.10.1. Company Overview
           12.10.2. Financials
           12.10.3. Products
           12.10.4. Recent Developments
       12.11. Intel
           12.11.1. Company Overview
           12.11.2. Financials
           12.11.3. Products
           12.11.4. Recent Developments
       12.12. WinMagic Inc.
           12.12.1. Company Overview
           12.12.2. Financials
           12.12.3. Products
           12.12.4. Recent Developments
       12.13. IBM
           12.13.1. Company Overview
           12.13.2. Financials
           12.13.3. Products
           12.13.4. Recent Developments
       12.14. Thales e-Security
           12.14.1. Company Overview
           12.14.2. Financials
           12.14.3. Products
           12.14.4. Recent Developments
       12.15. Maxim Integrated Products, Inc
           12.15.1. Company Overview
           12.15.2. Financials
           12.15.3. Products
           12.15.4. Recent Developments
       12.16. Mcafee
           12.16.1. Company Overview
           12.16.2. Financials
           12.16.3. Products
           12.16.4. Recent Developments
       12.17. Broadcom
           12.17.1. Company Overview
           12.17.2. Financials
           12.17.3. Products
           12.17.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Algorithm & Standard (USD MN)
  •  Rivest, Shamir, and Adelman (RSA) Market by Geography (USD MN)
  •  Advanced Encryption Standard (AES) Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis Market by Architecture (USD MN)
  •  Application-specific Integrated Circuit (ASIC) Market by Geography (USD MN)
  •  Field-programmable Gate Array (FPGA) Market by Geography (USD MN)
  •  Analysis by Product (USD MN)
  •  Hard Disk Drive (HDD) Market by Geography (USD MN)
  •  External HDD Market by Geography (USD MN)
  •  Internal HDD Market by Geography (USD MN)
  •  Solid-state Drives (SSD) Market by Geography (USD MN)
  •  Universal Serial Bus (USB) Market by Geography (USD MN)
  •  Up to 4GB Market by Geography (USD MN)
  •  5–16GB Market by Geography (USD MN)
  •  17–64GB Market by Geography (USD MN)
  •  65GB & Above Market by Geography (USD MN)
  •  Inline Network Encryptor Market by Geography (USD MN)
  •  Analysis by Application (USD MN)
  •  Consumer Electronics Market by Geography (USD MN)
  •  IT & Telecom Market by Geography (USD MN)
  •  Automotive & Transportation Market by Geography (USD MN)
  •  Aerospace & Defense Market by Geography (USD MN)
  •  Healthcare Market by Geography (USD MN)
  •  Government & Public Utilities Market by Geography (USD MN)
  •  BFSI Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Hardware Encryption Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Hardware Encryption Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Hardware Encryption Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Algorithm & Standard
  •  Market Attractiveness Analysis by Architecture
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Algorithm & Standard (USD MN)
  •  Rivest, Shamir, and Adelman (RSA) Market by Geography (USD MN)
  •  Advanced Encryption Standard (AES) Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Architecture (USD MN)
  •  Application-specific Integrated Circuit (ASIC) Market by Geography (USD MN)
  •  Field-programmable Gate Array (FPGA) Market by Geography (USD MN)
  •  Global Market Analysis by Product (USD MN)
  •  Hard Disk Drive (HDD) Market by Geography (USD MN)
  •  External HDD Market by Geography (USD MN)
  •  Internal HDD Market by Geography (USD MN)
  •  Solid-state Drives (SSD) Market by Geography (USD MN)
  •  Universal Serial Bus (USB) Market by Geography (USD MN)
  •  Up to 4GB Market by Geography (USD MN)
  •  5–16GB Market by Geography (USD MN)
  •  17–64GB Market by Geography (USD MN)
  •  65GB & Above Market by Geography (USD MN)
  •  Inline Network Encryptor Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Consumer Electronics Market by Geography (USD MN)
  •  IT & Telecom Market by Geography (USD MN)
  •  Automotive & Transportation Market by Geography (USD MN)
  •  Aerospace & Defense Market by Geography (USD MN)
  •  Healthcare Market by Geography (USD MN)
  •  Government & Public Utilities Market by Geography (USD MN)
  •  BFSI Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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