Hardware Encryption Market by Algorithm and Standard (AES and RSA), Architecture (FPGA and ASIC), Product (Internal and External Hard Disk Drive, Solid-State Drive, USB, and Inline Encryptor), Application, Vertical, and Geography - Global Forecast to 2022

Published by MarketsandMarkets on 20th December 2016 | Ref: 204491 | This Report Is In Stock

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$5650 | Single User
$6650 | Multi User
$8150 | Corporate License
$10000 | Enterprise License

Introduction

“The global hardware encryption market is expected to grow at a CAGR of 29.3%”

The market is expected to reach USD 413.85 billion by 2022, growing at a CAGR of 29.3% between 2016 and 2022. Increasing concern for data security issue and privacy of data is one of the major factors fueling the growth of this market. In addition, growing requirement of regulatory compliances, expansion of digital content, and significant advantage over software encryption technology are expected to generate demand for hardware encryption. The key restraining factor for the growth of the hardware encryption market is the high capital investment. The total installation cost of hardware encryption technology includes licensing cost, annual maintenance cost, OPAL fees, pre-provisioning cost, staging cost, technical cost for password reset, user idle time cost for encryption, user excess operating cost, technical cost for the assistance of expert administration to encrypted drives.


“The hardware encryption market for advanced encryption standard (AES) is expected to grow at a highest rate during the forecast period”

The market for advanced encryption standard is expected to grow at the highest rate between 2016 and 2022. Advanced encryption standard is a symmetric-key algorithm, which implies that the same key is used for both the encryption and decryption processes. The fastest growth of this segment can be attributed to the wide acceptance of AES as a highly secure and fast algorithm for encryption.

“External hard disk drives is expected to hold the largest share during the forecast period”

External hard disk drive is expected to hold the largest share of the hardware encryption market during the forecast period. The external hard disk drives are used as the add-ons to the existing internal storage present in computing systems. External hard disks have all the features of an internal hard disk drive with additional features such as portable, reliable, and easy to install. The large market share of external hard disk drive based on product segment in hardware encryption market can be attributed mainly to the increasing demand for the portable self-encrypting drive (SED) market.

“The America to hold the largest market and APAC to grow at the highest rate for hardware encryption”

The Americas is expected to hold 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. APAC is home to various large number of consumer electronics companies, smartphone manufacturers, and advanced ICT technologies. The enterprises and SMBs in the APAC countries are adopting hardware encryption technique for data security. This is expected to boost the growth of the market for hardware encryption in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the hardware encryption market. The break-up of primary participants for the report has been shown below:

• By Company Type: Tier 1 – 20 %, Tier 2 – 55%, and Tier 3 – 25%

• By Designation: C-Level Executives –50%, Directors – 25%, and Others – 25%

• By Region: North America –60%, Europe – 20%, APAC – 10%, and RoW – 10%

The report also profiles the key players in the hardware encryption market and analyzes their market ranking. The prominent players profiled in this report are Western Digital Corp. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Seagate Technology PLC (Ireland), Kingston Technology Corp. (U.S.), Micron Technology Inc. (U.S.), Toshiba Corp. (Japan), Kanguru Solutions (U.S.), Maxim Integrated Products, Inc. (U.S.), NetApp (U.S.), WinMagic Inc. (U.S.), Thales e-security (U.S.), and Gemalto NV. (Netherlands).

Research Coverage:

This research report categorizes the global hardware encryption market on the basis of algorithm and standard, architectures, products, application, verticals, and geography. The report, in addition, provides the Porter’s five forces analysis, along with the description of each of its forces and their respective impact on the hardware encryption market. It also discusses the major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.

Reasons to Buy the Report

The report would help leaders/new entrants in this market in the following ways:

1. This report segments the hardware encryption market comprehensively and provides the closest market size estimation for subsegments across different regions.

2. The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities for market growth.

3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product launches, acquisitions, partnerships, expansion, agreement, contract, alliance and collaboration.

Table of Contents

TABLE OF CONTENTS

1 INTRODUCTION 14

1.1 OBJECTIVES OF THE STUDY 14

1.2 MARKET DEFINITION 14

1.3 STUDY SCOPE 15

1.4 CURRENCY 17

1.5 PACKAGE SIZE 17

1.6 LIMITATIONS 17

1.7 MARKET STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19

2.1 RESEARCH DATA 19

2.2 MARKET SIZE ESTIMATION 24

2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 28

2.4 RESEARCH ASSUMPTIONS 29

3 EXECUTIVE SUMMARY 30

4 PREMIUM INSIGHTS 36

4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL HARDWARE ENCRYPTION MARKET 36

4.2 HARDWARE ENCRYPTION MARKET, BY ALGORITHM & STANDARD 36

4.3 HARDWARE ENCRYPTION MARKET, BY PRODUCT AND APPLICATION 37

4.4 COUNTRY-WISE ANALYSIS OF THE HARDWARE ENCRYPTION MARKET 38

4.5 HARDWARE ENCRYPTION MARKET SIZE, BY REGION 38

4.6 HARDWARE ENCRYPTION MARKET, BY VERTICAL 39

4.7 HARDWARE ENCRYPTION MARKET LIFE CYCLE ANALYSIS, BY PRODUCT (2016) 39

5 MARKET OVERVIEW 41

5.1 INTRODUCTION 42

5.2 MARKET SEGMENTATION 42

5.3 MARKET DYNAMICS 45

6 INDUSTRY TRENDS 50

6.1 INTRODUCTION 50

6.2 VALUE CHAIN ANALYSIS 50

6.3 PORTER’S FIVE FORCES ANALYSIS 52

7 HARDWARE ENCRYPTION MARKET, BY ALGORITHM & STANDARD 59

7.1 INTRODUCTION 60

7.2 ADVANCED ENCRYPTION STANDARD (AES) 62

7.3 RIVEST-SHAMIR-ADLEMAN (RSA) ALGORITHM 62

7.4 OTHERS 63

8 HARDWARE ENCRYPTION MARKET, BY ARCHITECTURE 65

8.1 INTRODUCTION 66

8.2 FIELD-PROGRAMMABLE GATE ARRAY (FPGA) 67

8.3 APPLICATION-SPECIFIC INTEGRATED CIRCUITS (ASIC) 68

9 HARDWARE ENCRYPTION MARKET, BY PRODUCT 69

9.1 INTRODUCTION 70

9.2 EXTERNAL HARD DISK DRIVES 72

9.3 INTERNAL HARD DISK DRIVE 73

9.4 SOLID-STATE DRIVE 74

9.5 INLINE NETWORK ENCRYPTOR 75

9.6 USB FLASH DRIVE 76

10 HARDWARE ENCRYPTION MARKET, BY APPLICATION 78

10.1 INTRODUCTION 79

10.2 CONSUMER ELECTRONICS 81

10.3 IT & TELECOM 83

10.4 TRANSPORTATION 84

10.5 AEROSPACE & DEFENSE 86

10.6 HEALTHCARE 87

10.7 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 89

10.8 OTHERS 90

11 HARDWARE ENCRYPTION MARKET, BY VERTICAL 92

11.1 INTRODUCTION 93

11.2 INDUSTRIAL 94

11.3 COMMERCIAL 96

11.4 RESIDENTIAL 97

11.5 GOVERNMENT 98

12 GEOGRAPHIC ANALYSIS 100

12.1 INTRODUCTION 101

12.2 AMERICAS 103

12.3 EUROPE 106

12.4 ASIA-PACIFIC 109

12.5 ROW 113

13 COMPETITIVE LANDSCAPE 116

13.1 OVERVIEW 116

13.2 MARKET RANK ANALYSIS 117

13.3 COMPETITIVE SCENARIO 117

14 COMPANY PROFILES 122

14.1 INTRODUCTION 122

(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*

14.2 WESTERN DIGITAL CORP. 123

14.3 SAMSUNG ELECTRONICS CO. LTD. 127

14.4 SEAGATE TECHNOLOGY PLC 130

14.5 MICRON TECHNOLOGY, INC. 133

14.6 KINGSTON TECHNOLOGY CORP. 136

14.7 TOSHIBA CORP. 139

14.8 KANGURU SOLUTIONS 141

14.9 WINMAGIC INC. 143

14.10 MAXIM INTEGRATED PRODUCTS, INC. 144

14.11 NETAPP 146

14.12 GEMALTO NV. 148

14.13 THALES (E-SECURITY) 150

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

15 APPENDIX 153

15.1 INSIGHTS OF INDUSTRY EXPERTS 153

15.2 DISCUSSION GUIDE 154

15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 158

15.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 160

15.5 AVAILABLE CUSTOMIZATIONS 162

15.6 RELATED REPORTS 163

15.7 AUTHOR DETAILS 164

Additional Details

Publisher

MarketsandMarkets

Publisher Information

Reference

204491 | SE 1876

Number of Pages

166

Report Format

PDF

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