Hardware Encryption Market Research Report- Forecast to 2023

Global Hardware Encryption Market Research Report, by Architecture (ASIC, FPGA), algorithm and standard (RSA, AES, DSA), Product (USB, Solid state drive, External and internal hard disk drives), Application (BFSI, Automotive, IT & Telecomm) and End-User.

ID: MRFR/SEM/3429-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis: Hardware encryption is a technology that encrypts the data stored on a hard drive using sophisticated mathematical functions. Data on an encrypted hard drive cannot be read by anyone who does not have access to the appropriate key or password. This can help prevent access to data by unauthorized entities and provides a layer of security against hackers and other online threats. The concept of hard-drive encryption is simple enough. When a file is written to the drive, it is automatically encrypted by specialized software. When a file is read from the drive, the software automatically decrypts it while leaving all other data on the drive encrypted. The encryption and decryption processes are transparent to all common applications such as word processors, databases, spreadsheets or imaging programs.


Increasing complexity & volume of data breaches and reduced cost of encryption are major drivers boosting the growth of hardware encryption market. In addition, several advantages offered by hardware encryption in comparison with software encryption technology and the rising need of regulatory framework are some of the other factors estimated to accelerate the growth of the overall market in the near future.


In August 2017, Spyrus Inc. announced the development of a secure environment for Security in a Box ® Secure Storage SDK with FIPS 140-2 Level 3 encrypted storage devices. SPYRUS storage products meet the needs of securing mission critical end points and data collection devices in the Internet of Things (IoT). Other uses are mission data storage for UAVs, wearable and in-vehicle cameras, power grids, homeland security and much more.


Segmentation: The global hardware encryption market is segmented as architecture, algorithm & standard, product, application and end users. Hardware data encryption covers a wide area of applications such as BFSI, automotive, military & aerospace, healthcare etc. In the area of automotive, Symantec Corporation, a leader in software services, designed software for automotive security. It protects critical modules including Engine Control Units (ECU), Body Control Modules (BCM), In Vehicle Infotainment (IVI), and gateway chips protecting the CAN bus from modems and Single Board Computers (SBC) such as the IVI all requiring additional protection. Symantec Critical System Protection is built on proven technology already protecting countless daily financial transactions in core back-end systems of the world’s largest financial services providers, and is “embedded” in countless ATMs.


The North America is having the largest share of the hardware encryption market during the forecast period. This region is home to many established hardware encryption manufacturing companies. The hardware encryption market in APAC is expected to grow at a high rate during the forecast period. The primary reason behind this market growth is the expansion of IT and telecommunication network in China, Thailand, Malaysia, South Korea, India, and other developing countries in APAC.


Global Hardware Encryption Market Size, 2017-2023 (USD Billion): Hardware Encryption Market


The global hardware encryption market is expected to grow at 22% CAGR through the forecast period.


Some of the key players in the market are Micron Technology Inc. (U.S.), Samsung Electronics (South Korea), Toshiba Corporation (Japan), Western Digital Corporation (U.S.), Seagate Technology PLC (Ireland), Kingston Technology Corp. (U.S.), Micron Technology Inc. (U.S.), Kanguru Solutions (U.S.), Maxim Integrated Products, Inc. (U.S.), NetApp (U.S.), Win Magic Inc. (U.S.), Thales e-security (U.S.).


The market for hardware encryption is segmented into architecture, algorithm and standard, product, application and vertical. The architecture is further segmented in to application specific integrated circuits (ASIC), Field programmable gate arrays (FPGA). On the basis of algorithm and standard, the segment is further divided in to Rivest – Shamir –Adleman (RSA) Algorithm, Advanced encryption standard, secure hash algorithm, digital signature algorithm, data encryption standard and elliptic curve cryptography. On the basis of product the segment is further classified in to external hard disk drives, inline network encryptors, internal hard disk drives, solid state drives, flash drives. The segment application is further divided in to automotive & transportation, BFSI, consumer electronics, healthcare, IT & telecom, military and aerospace. On basis of end user the segment is further divided in to commercial, industrial, residential and government agencies.


By Architecture



  • Application specific integrated circuits (ASIC)

  • Field programmable gate arrays (FPGA)


By Algorithm & Standard



  • Rivest- Shamir-Adleman (RSA) Algorithm

  • Advanced Encryption Standard (AES)

  • Secure Hash Algorithm (SHA)

  • Digital Signature Algorithm (DSA)

  • Data Encryption Standard (DES)

  • Elliptic Curve Cryptography (ECC)


By Product



  • External Hard Disk Drives

  • Inline Network Encryptors

  • Internal Hard Disk Drives

  • Solid-State Drives

  • USB Flash Drives


By Application



  • Automotive

  • BFSI

  • IT & Telecom

  • Military & Aerospace

  • Healthcare

  • Others


By End users



  • Commercial

  • Residential

  • Industrial

  • Government Agencies


By Region



  • North America

  • Europe

  • Asia Pacific

  • Rest of the world


Intended Audience



  • Banking

  • Hardware Manufacturers

  • Testing

  • R&D


 



Frequently Asked Questions (FAQ) :


The hardware encryption market is predicted to grow at a 22% CAGR between 2017- 2023.

The hardware encryption market is predicted to reach USD 200 billion by 2023.

North America will lead the hardware encryption market.

Reduced cost of encryption and growing need for regulatory framework are driving the hardware encryption market growth.

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

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Hardware Encryption Market

5 Industry Overview of Global Hardware Encryption Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Hardware Encryption Market by Architecture

7.1 Introduction

7.2 Product specific integrated circuits (ASIC)

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 Field programmable gate arrays (FPGA)

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Region, 2017-2023

8. Global Hardware Encryption Market by Algorithm & Standard

8.1 Introduction

8.2 Rivest- Shamir-Adleman (RSA) Algorithm

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Advanced Encryption Standard (AES)

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

8.4 Secure Hash Algorithm (SHA)

8.4.1 Market Estimates & Forecast, 2017-2023

8.4.2 Market Estimates & Forecast by Region, 2017-2023

8.5 Digital Signature Algorithm (DSA)

8.5.1 Market Estimates & Forecast, 2017-2023

8.5.2 Market Estimates & Forecast by Region, 2017-2023

8.6 Data Encryption Standard (DES)

8.6.1 Market Estimates & Forecast, 2017-2023

8.6.2 Market Estimates & Forecast by Region, 2017-2023

8.7 Elliptic Curve Cryptography (ECC)

8.7.1 Market Estimates & Forecast, 2017-2023

8.7.2 Market Estimates & Forecast by Region, 2017-2023

9. Global Hardware Encryption Market by Product

9.1 Introduction

9.2 External Hard Disk Drives

9.2.1 Market Estimates & Forecast, 2017-2023

9.2.2 Market Estimates & Forecast by Region, 2017-2023

9.3 Inline Network Encryptors

9.3.1 Market Estimates & Forecast, 2017-2023

9.3.2 Market Estimates & Forecast by Region, 2017-2023

9.4 Internal Hard Disk Drives

9.4.1 Market Estimates & Forecast, 2017-2023

9.4.2 Market Estimates & Forecast by Region, 2017-2023

9.5 Solid-State Drives

9.5.1 Market Estimates & Forecast, 2017-2023

9.5.2 Market Estimates & Forecast by Region, 2017-2023

9.6 USB Flash Drives

9.6.1 Market Estimates & Forecast, 2017-2023

9.6.2 Market Estimates & Forecast by Region, 2017-2023

10. Global Hardware Encryption Market by Application

10.1 Introduction

10.2 Automotive

10.2.1 Market Estimates & Forecast, 2017-2023

10.2.2 Market Estimates & Forecast by Region, 2017-2023

10.3 BFSI

10.3.1 Market Estimates & Forecast, 2017-2023

10.3.2 Market Estimates & Forecast by Region, 2017-2023

10.4 IT & Telecom

10.4.1 Market Estimates & Forecast, 2017-2023

10.4.2 Market Estimates & Forecast by Region, 2017-2023

10.5 Military & Aerospace

10.5.1 Market Estimates & Forecast, 2017-2023

10.5.2 Market Estimates & Forecast by Region, 2017-2023

10.6 Healthcare

10.6.1 Market Estimates & Forecast, 2017-2023

10.6.2 Market Estimates & Forecast by Region, 2017-2023

11. Global Hardware Encryption Market by End-Users

11.1 Introduction

11.2 Commercial

11.2.1 Market Estimates & Forecast, 2017-2023

11.2.2 Market Estimates & Forecast by Region, 2017-2023

11.3 Residential

11.3.1 Market Estimates & Forecast, 2017-2023

11.3.2 Market Estimates & Forecast by Region, 2017-2023

11.4 Industrial

11.4.1 Market Estimates & Forecast, 2017-2023

11.4.2 Market Estimates & Forecast by Region, 2017-2023

11.5 Government Agencies

11.5.1 Market Estimates & Forecast, 2017-2023

11.5.2 Market Estimates & Forecast by Region, 2017-2023

12. Global Hardware Encryption Market by Region

12.1 Introduction

12.2 North America

12.2.1 Market Estimates & Forecast, 2017-2023

12.2.2 Market Estimates & Forecast by Architecture, 2017-2023

12.2.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.2.4 Market Estimates & Forecast by Product, 2017-2023

12.2.5 U.S.

12.2.5.1 Market Estimates & Forecast, 2017-2023

12.2.5.2 Market Estimates & Forecast by Architecture, 2017-2023

12.2.5.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.2.5.4 Market Estimates & Forecast by Product, 2017-2023

12.2.6 Mexico

12.2.6.1 Market Estimates & Forecast, 2017-2023

12.2.6.2 Market Estimates & Forecast by Architecture, 2017-2023

12.2.6.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.2.6.4 Market Estimates & Forecast by Product, 2017-2023

12.2.7 Canada

12.2.7.1 Market Estimates & Forecast, 2017-2023

12.2.7.2 Market Estimates & Forecast by Architecture, 2017-2023

12.2.7.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.2.7.4 Market Estimates & Forecast by Product, 2017-2023

12.3 Europe

12.3.1 Market Estimates & Forecast, 2017-2023

12.3.2 Market Estimates & Forecast by Architecture, 2017-2023

12.3.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.3.4 Market Estimates & Forecast by Product, 2017-2023

12.3.5 Germany

12.3.5.1 Market Estimates & Forecast, 2017-2023

12.3.5.2 Market Estimates & Forecast by Architecture, 2017-2023

12.3.5.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.3.5.4 Market Estimates & Forecast by Product, 2017-2023

12.3.6. France

12.3.6.1 Market Estimates & Forecast, 2017-2023

12.3.6.2 Market Estimates & Forecast by Architecture, 2017-2023

12.3.6.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.3.6.4 Market Estimates & Forecast by Product, 2017-2023

12.3.7 Italy

12.3.7.1 Market Estimates & Forecast, 2017-2023

12.3.7.2 Market Estimates & Forecast by Architecture, 2017-2023

12.3.7.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.3.7.4 Market Estimates & Forecast by Product, 2017-2023

12.3.8 Spain

12.3.8.1 Market Estimates & Forecast, 2017-2023

12.3.8.2 Market Estimates & Forecast by Architecture, 2017-2023

12.3.8.3 Market Estimates & Forecast by Algorithm & Standard 2017-2023

12.3.8.4 Market Estimates & Forecast by Product, 2017-2023

12.3.9 U.K

12.3.9.1 Market Estimates & Forecast, 2017-2023

12.3.9.2 Market Estimates & Forecast by Architecture, 2017-2023

12.3.9.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.3.9.4 Market Estimates & Forecast by Product, 2017-2023

12.4 Asia Pacific

12.4.1 Market Estimates & Forecast, 2017-2023

12.4.2 Market Estimates & Forecast by Architecture, 2017-2023

12.4.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.2.4 Market Estimates & Forecast by Product, 2017-2023

12.4.5 China

12.4.5.1 Market Estimates & Forecast, 2017-2023

12.4.5.2 Market Estimates & Forecast by Architecture, 2017-2023

12.4.5.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.4.5.4 Market Estimates & Forecast by Product, 2017-2023

12.4.6 India

12.4.6.1 Market Estimates & Forecast, 2017-2023

12.4.6.2 Market Estimates & Forecast by Architecture, 2017-2023

12.4.6.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.2.6.4 Market Estimates & Forecast by Product, 2017-2023

12.4.7 Japan

12.4.7.1 Market Estimates & Forecast, 2017-2023

12.4.7.2 Market Estimates & Forecast by Architecture, 2017-2023

12.4.7.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.4.7.4 Market Estimates & Forecast by Product, 2017-2023

12.4.8 Rest of Asia Pacific

12.4.8.1 Market Estimates & Forecast, 2017-2023

12.4.8.2 Market Estimates & Forecast by Architecture, 2017-2023

12.4.8.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12. 4. 8.4 Market Estimates & Forecast by Product, 2017-2023

12.5 Rest of the world

12.5.1 Market Estimates & Forecast, 2017-2023

12.5.2 Market Estimates & Forecast by Architecture, 2017-2023

12.5.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.5.4 Market Estimates & Forecast by Product, 2017-2023

12.5.5 Middle East & Africa

12.5.5.1 Market Estimates & Forecast, 2017-2023

12.5.5.2 Market Estimates & Forecast by Architecture, 2017-2023

12.5.5.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.5.5.4 Market Estimates & Forecast by Product, 2017-2023

12.5.6 Latin Countries

12.5.6.1 Market Estimates & Forecast, 2017-2023

12.5.6.2 Market Estimates & Forecast by Architecture, 2017-2023

12.5.6.3 Market Estimates & Forecast by Algorithm & Standard, 2017-2023

12.5.6.4 Market Estimates & Forecast by Product, 2017-2023

13. Company Landscape

14. Company Profiles

14.1 Micron Technology Inc. (U.S.).

14.1.1 Company Overview

14.1.2 Product/Business Segment Overview

14.1.3 Financial Updates

14.1.4 Key Developments

14.2 Samsung Electronics (South Korea)

14.2.1 Company Overview

14.2.2 Product/Business Segment Overview

14.2.3 Financial Updates

14.2.4 Key Developments

14.3 Toshiba Corporation (Japan)

14.3.1 Company Overview

14.3.2 Product/Business Segment Overview

14.3.3 Financial Updates

14.3.4 Key Developments

14.4 Western Digital Corporation (U.S.)

14.4.1 Company Overview

14.4.2 Product/Business Segment Overview

14.4.3 Financial Updates

14.4.4 Key Developments

14.5 Seagate Technology PLC (Ireland)

14.5.1 Company Overview

14.5.2 Product/Business Segment Overview

14.5.3 Financial Updates

14.5.4 Key Developments

14.6 Kingston Technology Corp. (U.S.)

14.6.1 Company Overview

14.6.2 Product/Business Segment Overview

14.6.3 Financial Updates

14.6.4 Key Developments

14.7 Micron Technology Inc. (U.S.)

14.7.1 Company Overview

14.7.2 Product/Business Segment Overview

14.7.3 Financial Updates

14.7.4 Key Developments

14.8 Kanguru Solutions (U.S.)

14.8.1 Company Overview

14.8.2 Product/Business Segment Overview

14.8.3 Financial Updates

14.8.4 Key Developments

14.9 Maxim Integrated Products, Inc. (U.S.)

14.9.1 Company Overview

14.9.2 Product/Business Segment Overview

14.9.3 Financial Updates

14.9.4 Key Developments

15 Conclusion

LIST OF TABLES

Table 1World Population by Major Regions (2017 To 2030)

Table 2 Global VR Software Market: By Region, 2017-2023

Table 3 North America VR Software Market: By Country, 2017-2023

Table 4 Europe VR Software Market: By Country, 2017-2023

Table 5 Asia-Pacific VR Software Market: By Country, 2017-2023

Table 6 Middle East & Africa VR Software Market: By Country, 2017-2023

Table 7 Latin America VR Software Market: By Country, 2017-2023

Table 8 Global VR Software by Architecture Market: By Regions, 2017-2023

Table 9 North America VR Software by Architecture Market: By Country, 2017-2023

Table10 Europe VR Software by Architecture Market: By Country, 2017-2023

Table11 Asia-Pacific VR Software by Architecture Market: By Country, 2017-2023

Table12 Middle East & Africa VR Software by Architecture Market: By Country, 2017-2023

Table13 Latin America VR Software by Architecture Market: By Country, 2017-2023

Table14 Global VR Software by Product Market: By Regions, 2017-2023

Table15 North America VR Software by Product Market: By Country, 2017-2023

Table16 Europe VR Software by Product Market: By Country, 2017-2023

Table17 Asia-Pacific VR Software by Product Market: By Country, 2017-2023

Table18 Middle East & Africa VR Software by Product Market: By Country, 2017-2023

Table19 Latin America VR Software by Product Market: By Country, 2017-2023

Table20 North America VR Software for Form Market: By Country, 2017-2023

Table21 Europe VR Software for Form Market: By Country, 2017-2023

Table22 Asia-Pacific VR Software for Form Market: By Country, 2017-2023

Table23 Middle East & Africa VR Software for Form Market: By Country, 2017-2023

Table24 Latin America VR Software for Form Market: By Country, 2017-2023

Table25 Global Architecture Market: By Region, 2017-2023

Table26 North America VR Software Market, By Country

Table27 North America VR Software Market, By Architecture

Table28 North America VR Software Market, By Algorithm & Standard

Table29 North America VR Software Market, By Product

Table30 North America VR Software Market, By Application

Table31 North America VR Software Market, By End-User

Table32 Europe: VR Software Market, By Country

Table33 Europe: VR Software Market, By Architecture

Table34 Europe: VR Software Market, By Algorithm & Standard

Table 35 Europe: VR Software Market, By Product

Table36 Europe VR Software Market, By Application

Table37 Europe VR Software Market, By End-User

Table38 Asia-Pacific: VR Software Market, By Country

Table39 Asia-Pacific: VR Software Market, By Architecture

Table40 Asia-Pacific: VR Software Market, By Algorithm & Standard

Table 41 Asia-Pacific: VR Software Market, By Product

Table42 Asia-Pacific VR Software Market, By Application

Table43 Asia-Pacific VR Software Market, By End-User

Table44 Middle East & Africa: VR Software Market, By Country

Table45 Middle East & Africa VR Software Market, By Architecture

Table46 Middle East & Africa VR Software Market, By Algorithm & Standard

Table47 Middle East & Africa: VR Software Market, By Product

Table48 Middle East & Africa VR Software Market, By Application

Table49 Middle East & Africa VR Software Market, By End-User

Table50 Latin America: VR Software Market, By Country

Table51 Latin America VR Software Market, By Architecture

Table52 Latin America VR Software Market, By Algorithm & Standard

Table53 Latin America: VR Software Market, By Product

Table54 Latin America VR Software Market, By Application

Table55 Latin America VR Software Market, By End-User

LIST OF FIGURES

FIGURE 1 Global VR Software Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global VR Software Market

FIGURE 4 Value Chain of Global VR Software Market

FIGURE 5 Share of Global VR Software Market in 2017, by country (in %)

FIGURE 6 Global VR Software Market, 2017-2023,

FIGURE 7 Sub segments of Architecture

FIGURE 8 Global VR Software Market size by Architecture, 2017

FIGURE 9 Share of Global VR Software Market by Architecture, 2017 TO 2023

FIGURE 10 Global VR Software Market size by Algorithm & Standard, 2017

FIGURE 11 Share of Global VR Software Market by Algorithm & Standard, 2017 TO 2023

FIGURE 12 Global VR Software Market size by Product, 2017 TO 2023

FIGURE 13 Share of Global VR Software Market by Product, 2017 TO 2023

FIGURE 14 Global VR Software Market size by Application, 2017 TO 2023

FIGURE 15 Share of Global VR Software Market by Application, 2017 TO 2023

FIGURE 16 Global VR Software Market size by End-user, 2017 TO 2023

FIGURE 17 Share of Global VR Software Market by End-user, 2017 TO 2023