Global Hardware Encryption Devices Market Research Report 2021

Hardware-based encryption devices offer the security of strong encryption with the ease of minimal configuration and platform interoperability. Hardware encryption can offer several benefits beyond those provided by software encryption. These include faster algorithm processing, tamper-proof or tamper-resistant key storage, and protection against unauthorized code.
In North America, total hardware encryption devices accounted for 28%. In the Europe, total hardware encryption devices accounted for 25%. In Asia-Pacific, total hardware encryption devices accounted for 39%. The sales of Central & South America accounted for 4% and in Middle East & Africa region 3% in 2018.

Market Analysis and Insights: Global Hardware Encryption Devices Market
The global Hardware Encryption Devices market was valued at US$ 23340 million in 2019 and it is expected to reach US$ 118940 million by the end of 2026, growing at a CAGR of 25.9% during 2021-2026.

Global Hardware Encryption Devices Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Hardware Encryption Devices Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Encrypted Hard Disk Drives
Encrypted Solid-State Drives
Hardware Security Module
Others
Encrypted hard disk drives is projected to account for the largest sales volume share during the forecast period; this segment was estimated to account for 81% sales volume share in 2018.

Segment by Application
IT & Telecom
BFSI
Government & Public Utilities
Manufacturing Enterprise
Others
The IT & telecom segment was estimated to account for the highest sales volume share of 27% in 2018.

By Company
Western Digital Corp
Seagate Technology PLC
Samsung Electronics
Micron Technology Inc
Intel
Kingston Technology Corp
Toshiba
Gemalto (Thales)
Certes Networks Inc.
Kanguru Solutions

Production by Region
North America
Europe
China
Japan
South Korea

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E