Explore Newest Market Penetrating Strategies Of The Hardware Encryption Market 2022 ($413.85 Billion Market)

 Mahesh Wagh
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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 “

This market is expected to be valued at USD 413.85 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The major factors driving the growth of the hardware encryption market include increasing concern for data security issue and privacy of data, growing requirement of regulatory compliances, expansion of digital content, and significant advantage over software encryption technology.

Western Digital Corp. is one of the leading developer, manufacturer, and supplier of the data storage solutions. The company’s hardware encrypted storage solutions include data center devices and solutions, client devices, and client solutions. The company’s storage solutions are marketed under Western Digital (WD), Hitachi Global Storage Technologies (HGST) (U.S.), and SanDisk brands.

The company has over 13,500 patents. The company has sales offices in Americas, Asia-pacific, Europe, and the Middle East. In October 2016, it acquired SanDisk Corp. (U.S.). The acquired company is engaged into the business of flash storage solutions and hardware encryption solution. This acquisition would help the company expand its storage technology and solid-state drive solutions portfolio.

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Samsung Electronics Co. Ltd. is one of the largest information technology companies in the world. The company’s hardware encryption product offering include SED, wave cloud, and wave embassy remote administration server (ERAS). Samsung SED include advanced technology attachment (ATA) standard such as TCG Opal specification; it helps in managing the security of data irrespective of the location of device. Wave cloud assist in remote security management. Wave ERAS provides centralized SED device security management. In May 2016, it launched 750 EVO solid-state drive (SSD). This new product launch is available in various capacity range such as 120 GB, 250 GB, and 500 GB and has hardware encryption feature.

The key players in this market are Western Digital Corp. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Seagate Technology PLC (Ireland), Micron Technology Inc. (U.S.), and Kingston Technology Corp. (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), among others.

For more information visit: https://www.marketsandmarkets.com/Market-Reports/hardware-based-encryption-systems-market-1115.html

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Domain: Electronics
Category: Business
Contributing Organization:
Posted By: Mahesh Wagh and Contact Mahesh Wagh

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