Hardware Encryption Market 2017-2027 Shares, Trend and Growth Report

07/apr/2017 08:43:45 Pradnya Virkar Contatta l'autore

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With the INCREASE in cyber-attacks against many organizations ranging from industrial to government networks, data security is the prime focus for the IT network managers. The growth of the mobile devices Also poses a challenge to data security as there is an INCREASE in a number of cyber thefts. Organization need to Securely encrypt Their networks in order to avoid any such data theft. Many organizations adopt software based encryption but  hardware encryption  has some unique advantages ounces Implemented.

Hardware-based encryption is a self-contained software and does not need any additional software Which uses a device to perform encryption and decryption Therefore Which is free from viruses or malware attacks.

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Organizations adopt Hardware encryption as no additional drivers need to be loaded so it can be configure in little time And Also perform with minimum user interaction. Hardware encryption market is expected to grow as it is best suited for sensitive data protection across financial, healthcare and government sectors.

Global Hardware Encryption Market drivers:

The major drivers for hardware encryption Adopting by many organizations to protect valuable information from data breaches and cyber thefts. The financial institutions are Adopting hardware encryption in order to refrain from financial fraud during its banking operations.

The other major driver for adoption of hardware-based encryption by many organizations as it offers stronger resilience and many hackers will not be able to attack hardware encrypted system as crypto module used the system will shut down automatically if an attempt occur for cracking passwords. The growth in technology in the mobile and portable devices manufacturing Also fuel the market growth of hardware encryption. 

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As some government Also regulate the organizations they work with Which prescribe a standard set of rules in order to implement hardware encryption for sensitive data Which show a positive impact on market growth of hardware encryption.

The major drawback of hardware based encryption solution providers is cost of hardware and updates of the hardware is only possible through substitution device.

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, and others.

The hardware encryption global 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 and others

On basis of region encryption global hardware market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and The Middle East and Africa (MEA).

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Global Hardware Encryption Market Overview:

Majority of the Hardware Encryption market is dominated by Asia pacific region two to expansion of IT and telecommunication services and Followed by North America and Europe. North America region is expected to Also significant growth during the forecast period.

Global Market Hardware Encryption Key Market Players:

Some of the key players in Global Market Hardware Encryption includes Seagate Technology LLC, Hitachi ID Systems, Inc., Western Digital Corporation, Samsung, Toshiba Corporation, Micron Technology and Kingston Technology Corporation

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