Data security is the top priority for IT network administrators due to the rise in cyberattacks against numerous organisations, including government and industrial networks. Data security is challenged by the rise of mobile devices because there are more cybercrimes happening.
For organisations to prevent such data theft, their network must be properly encrypted. Although many businesses use software-based encryption, once installed, hardware encryption offers some special benefits.
Hardware encryption employs a device to accomplish encryption and decryption and is therefore free from malware or virus attacks. It is a self-contained software that doesn’t require any other software.
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Global Hardware Encryption Market drivers
The main reason many organisations adopted hardware encryption was to safeguard sensitive data against data breaches and online crimes. Hardware encryption is being used by financial institutions to prevent financial fraud during banking processes.
The other main reason why many organisations are adopting hardware-based encryption is because it provides more resilience and prevents many hackers from attacking hardware encrypted systems by immediately shutting down the system when an attempt is made to crack a password. The market for hardware encryption is expanding as a result of advances in technology used in the creation of portable and mobile devices.
Global Hardware Encryption Market Key Market Players
Seagate Technology LLC, Hitachi ID Systems, Inc., Western Digital Corporation, Samsung, Toshiba Corporation, Micron Technology, and Kingston Technology Corporation are a few of the major participants in the global hardware encryption market.
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The report covers exhaustive analysis on
- Global Hardware Encryption Market segments
- Global Hardware Encryption Market dynamics
- Historical Actual Market Size, 2015 – 2016
- Global Hardware Encryption Market size & forecast 2017 to 2027
- Ecosystem analysis
- Global Hardware Encryption Market current trends/issues/challenges
- Competition & Companies involved technology
- Value Chain
- Global Hardware Encryption Market drivers and restraints
Global Hardware Encryption Market: Segmentation
Global Hardware Encryption market is segmented based on product type, by vertical, by region.
On the basis of the product type Global Hardware Encryption market is segmented to
- Hard Disk Drives
- Solid-State Drives
- USB Flash Drives
- Others
The global hardware encryption market on the basis of vertical is segmented to
- media and entertainment sector
- BFSI
- healthcare sector
- transportation
- public sector
- manufacturing sector
- retail sector
- IT & Telecom sector
- energy & utilities
- others
On basis of region global hardware encryption market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
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