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Article -> Article Details

Title Hardware Encryption Market
Category Business --> Advertising and Marketing
Meta Keywords Hardware Encryption Market
Owner MRFR
Description

Market Synopsis

Globally, Hardware Encryption Market is expected to reach reach USD 1356.8 Billion by 2030 and CAGR of 4.60% from forecast period of 2022-2030

The rise in the global hardware encryption market size can be due to the growing need for encryption as cybercrime surge. Innovations in hardware encryption devices can contribute to the prior. Market Research Future its latest published report states that the global hardware encryption device market can rise exponentially.

The hardware encryption device market 2020 can pave its way to touch high value due to launch of innovations. The high technology that encrypts stored data on a hard drive by the use of sophisticated mathematical functions is gaining sheer popularity. The privacy offered by encrypted hard drive and can impel expansion marke.

Key Players

MRFR profiled reputed players in the hardware encryption market. They Samsung Electronics (South Korea), Western Digital Corporation (U.S.), Micron Technology Inc. (U.S.), Toshiba Corporation (Japan), Seagate Technology PLC (Ireland), Kingston Technology Corp. (U.S.), Micron Technology Inc. (U.S.), Kanguru Solutions (U.S.), Maxim Integrated Products, Inc. (U.S.), Thales e-security (U.S.), NetApp (U.S.), and WinMagic Inc. (U.S.).

Order a free sample PDF of the Hardware Encryption Market Intelligence Study, published by Market Research Future.

Regional Study

The competitive landscape of world hardware encryption market comprises reputed players of the market and some emerging new entrants. The hardware encryption global market can is driven by the high importance of hardware encryption device in BFSI, healthcare, military & aerospace, IT & Telecom sectors. In North America, the hardware encryption market is likely to head the global hardware encryption market. Robust advancements in technology are observed by the region. A reputed American company that deals in computer data storage, Western Digital Corporation, introduced its product My Book Duo external hard drive that features 20 TB storage in both raid zero and one configuration, along with USB-C and USB-A ports. My Book offers read speeds of 360 MB/sec. Its redundancy, low risk of data loss, high security with 256-bit AES encryption, can drive the market rise. In addition, hardware encryption device allows to set password that can activate the system, thus cause data protection. The high utility of hardware encryption system in data storage for businesses, home users, and for creative professionals, such as photo and video and producers, and editors can prompt the market growth.

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