Hardware Encryption Market by Product Type (External HDD, Internal HDD, Solid-state drive, Inline Network Encryptor, USB Flash Drive), Application (Consumer Goods, Aerospace And Defense, Transportation, Healthcare, and Others) and Region - Forecast to 2025
[187 Pages Report] The hardware encryption market is expected to be valued at USD 262 million in 2020 and reach USD 313 million by 2025, growing at a CAGR of 3.6%.
The primary reasons for this rise in demand are the increasing demand for smartphones, online and digital content which is attracting the market for hardware encryption products and solutions.
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Solid- State drive product segment is expected to grow at the highest CAGR during the forecast period.
With development in the technology related to Solid State drive (SSD) for instance, the development of Self-encrypting drive (SED) used in SSD is one of the reasons for the growth of this product segment in the forecast period. Moreover, the usability and relatability of the product have attracted customers of various industries to adopt the use of SSDs.
The market for consumer electronics application to share the largest market share in 2020.
As smartphones, laptops, and computers are being manufactured in the assembly with hardware-enabled devices, the supply function has helped in the growth of hardware encryption. Many electronic devices are being mandatory to implement encryption to store confidential data, thus resulting growth of consumer electronics applications.
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India, by country, is expected to grow at the highest CAGR during the forecast period.
India being a progressing in maintenance, repairing and operations of aircrafts, advancement in IT & Telecom infrastructure and an emerging hub for healthcare has led to the highest CAGR growth of India in the forecast period.
Key market players
Key players in the hardware encryption market include Western Digital (US), Samsung (South Korea) and Micron (US). Western Digital is a well-known player for providing innovative and advanced hardware encryption solutions and products in the market. Strong brand name and customer base are among the key factors that resulted in the leading position of Samsung in the market. Apart from the strong brand name and customer base, the company has strong R&D capabilities and geographic presence. Samsung focuses on strategies such as product launches and product development to strengthen its product portfolio and maintain its position in the market.
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|
Report Metric |
Details |
|
Market size available for years |
20172025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Architecture type, product type, application, and region |
|
Regions covered |
North America, Europe, Asia Pacific and Rest of the World |
|
Companies covered |
Western Digital Corp. (US), Samsung Electronics Co. Ltd. (South Korea), Micron Technology Inc. (US), NetApp (US), Kingston Technology Corp. (US), Seagate Technology PLC (Ireland), KIOXIA (Japan), Kanguru Solutions (US), Intel (US), WinMagic Inc. (US), Maxim Integrated Products, Inc. (US), Thales e-Security (US), Mcafee (US), Broadcom (US), IBM (US). |
This research report categorizes the hardware encryption market based on offering, end-user application, and region.
HARDWARE ENCRYPTION MARKET, BY ARCHITECTURE TYPE
- FPGA
- ASIC
MARKET, BY PRODUCT TYPE
- External HDD
- Internal HDD
- Solid-state Drive
- Inline Network Encryptor
- USB Flash Drive
MARKET, BY APPLICATION
- Consumer electronics
- IT & Telecom
- Healthcare
- Aerospace and Defense
- Transportation
- Others
MARKET, BY GEOGRAPHY
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific (APAC)
- Japan
- China
- India
- South Korea
- Rest of APAC
- Rest of the World (RoW)
- South America
- Middle East & Africa
Recent developments
- Western Digital launched the Ultrastar DC SN640 family, which is optimized for extreme performance in mixed-workload applications such as SQL Server, MySQL, virtual desktops, and other business-critical workloads using hyperconverged infrastructure (HCI) such as VMware vSAN and Microsoft Azure Stack HCI solutions. It delivers twice the performance in sequential writes compared to its predecessor. Supporting a variety of system designs, the new family comes in 3 form factors and offers a broad range of capacity points.
- Samsung introduced a Common Criteria Evaluation Assurance Level (CC EAL) 5+ certified Secure Element (SE) turnkey solution for mobile devices. The new solution offers a strong security solution, consisting of a security chip (S3K250AF) and optimized software that fully guards private data on an isolated data storage device.
- Micron launched the first open-source, heterogeneous-memory storage engine (HSE), designed specifically for SSDs and storage-class memory (SCM). Legacy storage engines born in the era of HDDs failed to architecturally provide for the increased performance and reduced latency of next-generation nonvolatile media. HSE, originally developed by Micron and now available to the open-source community, is ideal for developers using all-flash infrastructure who require the benefits of open-source software, including the ability to customize or enhance code for their unique use cases.
Frequently Asked Questions (FAQ):
Where will all these developments take the industry in the mid to long term?
It is anticipated that, the year 2021 will see the development and more investment coming in the IT & telecom electronics industry for research and development. The hardware encryption market is expected to see a drop as there is less demand and pending orders, which are still in process and travel restrictions has led to unemployment for many people. The hardware encryption market is expected to see some growth not before mid of 2021.
What are the emerging applications of the hardware encryption market?
The emerging applications of hardware encryption market are transportation, IT & telecom and aerospace and defense.
How are advancements in encryption market influencing the hardware encryption market?
As the penetration of increasing amidst the pandemic, the integration of software enryption for electronics products have increased tremendously. Moreover, the amalgamation of technologies like IoT, AI, ML and digital twin on electronics has provoked the encryption to introduce innovative products and solutions.
Which type of equipment is expected to penetrate significantly in the hardware encryption market?
The hardware encryption market is a highly fragmented market as it caters to multiple applications. The servers, encryptors, and convertors are expected to show a spike in demand in the hardware encryption market.
Which countries are expected to witness significant growth in the hardware encryption market?
Considering the pandemic is at its peak, manufacturing countries such as India, South Korea, and Canada are expected to witness significant growth in the coming future. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 2 PROCESS FLOW OF MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for capturing market share by bottom-up analysis (demand-side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market share by top-down analysis (supply-side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 3 DATA TRIANGULATION
2.4 LIMITATIONS
TABLE 1 STUDY LIMITATIONS
2.5 RESEARCH ASSUMPTION
2.5.1 STUDY ASSUMPTIONS
TABLE 2 STUDY ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 39)
3.1 REPORT SUMMARY
3.2 VOLUME DATA
FIGURE 4 HARDWARE ENCRYPTION VOLUME ANALYSIS
FIGURE 5 IMPACT OF COVID-19 ON HARDWARE ENCRYPTION MARKET
FIGURE 6 MARKET, BY PRODUCT (USD MILLION)
FIGURE 7 MARKET, BY APPLICATION (USD MILLION)
FIGURE 8 MARKET, BY REGION
4 PREMIUM INSIGHTS (Page No. - 43)
4.1 INCREASING AWARENESS REGARDING SECURITY OF CIRCUITRY AND DATA TO ATTRACT MARKET FOR HARDWARE ENCRYPTED PRODUCTS
FIGURE 9 GROWING CONCERNS RELATED TO HARDWARE, SOFTWARE, AND DATA TO CREATE DEMAND FOR MARKET DURING FORECAST PERIOD
4.2 MARKET, BY ARCHITECTURE
FIGURE 10 APPLICATION-SPECIFIC INTEGRATED CIRCUIT-BASED ENCRYPTION PRODUCTS TO DOMINATE MARKET IN 2020
4.3 MARKET IN NORTH AMERICA, BY APPLICATION
FIGURE 11 CONSUMER ELECTRONICS TO ACCOUNT FOR LARGEST SIZE OF MARKET IN NORTH AMERICA, IN 2020
4.4 MARKET, BY REGION
FIGURE 12 HARDWARE ENCRYPTION MARKET IN APAC TO HOLD LARGEST SHARE IN 2020
5 MARKET OVERVIEW (Page No. - 45)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 13 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing apprehension over data security and confidentiality
5.2.1.2 Compliance with data privacy security regulations and standards
5.2.1.3 Development of digital content
5.2.2 RESTRAINTS
5.2.2.1 Heavy capital investments by stakeholders
5.2.3 OPPORTUNITIES
5.2.3.1 Extensive acceptance of cloud computing
5.2.3.2 Substantial development and growth of IoT in various industries
5.2.4 CHALLENGES
5.2.4.1 Deficiency in buyer responsiveness and awareness toward hardware encryption technology
5.2.4.2 Adoption of SED and TPM in current processors
5.3 INDUSTRY TRENDS
5.3.1 VALUE CHAIN ANALYSIS
FIGURE 14 VALUE CHAIN ANALYSIS: HARDWARE ENCRYPTION MARKET
5.4 MARKET ECOSYSTEM
FIGURE 15 MARKET: ECOSYSTEM
5.5 PORTERS FIVE FORCES ANALYSIS
FIGURE 16 PORTERS FIVE FORCES ANALYSIS
TABLE 3 PORTERS FIVE FORCES ANALYSIS WITH THEIR WEIGHTAGE IMPACT
5.5.1 THREAT OF NEW ENTRANTS
5.5.2 THREAT OF SUBSTITUTES
5.5.3 BARGAINING POWER OF SUPPLIERS
5.5.4 BARGAINING POWER OF BUYERS
5.5.5 COMPETITIVE RIVALRY
5.6 TECHNOLOGY ANALYSIS
5.6.1 HARDWARE ENCRYPTION
5.6.2 SUBSTITUTE TECHNOLOGY
5.7 KEY INDUSTRY TRENDS
TABLE 4 MAJOR TRENDS IN MARKET
5.8 PRICING ANALYSIS
FIGURE 17 PRICING TREND OF HARD DISK DRIVES, SOLID-STATE DRIVES, AND USB FLASH DRIVES (USD)
5.9 PATENT ANALYSIS
TABLE 5 IMPORTANT INNOVATIONS AND PATENTS REGISTRATION, 20122020
5.10 TRADE ANALYSIS
5.10.1 EXPORT SCENARIO OF ELECTRONICS-INTEGRATED CIRCUITS AND DISCS, TAPES, AND SOLID-STATE NON-VOLATILE STORAGE DEVICES
FIGURE 18 EXPORT OF ELECTRONICS-INTEGRATED CIRCUITS
FIGURE 19 EXPORT OF DISCS, TAPES, AND SOLID-STATE NON-VOLATILE STORAGE DEVICES
5.10.2 IMPORT SCENARIO OF ELECTRONICS-INTEGRATED CIRCUITS AND DISCS, TAPES, AND SOLID-STATE NON-VOLATILE STORAGE DEVICES
FIGURE 20 IMPORT OF ELECTRONICS-INTEGRATED CIRCUITS
FIGURE 21 IMPORT OF DISCS, TAPES, AND SOLID-STATE NON-VOLATILE STORAGE DEVICES
5.11 IMPORTANT REGULATIONS FOR HARDWARE ENCRYPTION MARKET
TABLE 6 LIST OF REGULATORY COMPLIANCES FOR DATA PROTECTION
5.12 COVID-19 IMPACT ANALYSIS
5.12.1 IMPACT ON VALUE CHAIN
5.12.1.1 Impact on market dynamics
5.12.1.2 Expected impact analysis
5.13 CASE STUDY ANALYSIS
5.13.1 FINANCIAL SYSTEMS
5.13.2 PENSIONS AND INVESTMENTS
6 ALGORITHMS AND STANDARDS RELATED TO HARDWARE ENCRYPTION (Page No. - 63)
6.1 INTRODUCTION
6.2 ADVANCED ENCRYPTION STANDARD
6.3 RIVEST, SHAMIR, AND ADLEMAN ALGORITHM
6.4 OTHERS
6.4.1 DATA ENCRYPTION STANDARD
6.4.2 SECURE HASH ALGORITHMS
6.4.3 ELLIPTIC CURVE CRYPTOGRAPHY
6.4.4 DIGITAL SIGNATURE ALGORITHM
7 HARDWARE ENCRYPTION MARKET, BY ARCHITECTURE (Page No. - 67)
7.1 INTRODUCTION
FIGURE 22 APPLICATION-SPECIFIC INTEGRATED CIRCUITS TO ACCOUNT FOR LARGE SIZE OF MARKET FROM 2020 TO 2025
TABLE 7 MARKET, BY ARCHITECTURE, 20172019 (USD MILLION)
TABLE 8 MARKET, BY ARCHITECTURE, 20202025 (USD MILLION)
7.2 FIELD-PROGRAMMABLE GATE ARRAYS
7.2.1 FLEXIBILITY AND AGILITY OF FPGA MAKES IT IDEAL FOR HARDWARE ENCRYPTION APPLICATIONS
7.3 APPLICATION-SPECIFIC INTEGRATED CIRCUITS
7.3.1 ASIC CIRCUITS ARE DOMINANTLY USED IN INDUSTRIAL AND COMMERCIAL APPLICATIONS
8 HARDWARE ENCRYPTION MARKET, BY PRODUCT (Page No. - 71)
8.1 INTRODUCTION
FIGURE 23 INLINE NETWORK ENCRYPTION PRODUCT TO ACCOUNT FOR LARGEST SIZE OF MARKET FROM 2020 TO 2025
TABLE 9 MARKET, BY PRODUCT, 20172019 (USD MILLION)
TABLE 10 MARKET, BY PRODUCT, 20202025 (USD MILLION)
8.2 EXTERNAL HARD DISK DRIVE
8.2.1 CONVENIENCE AND PORTABILITY OF EXTERNAL HARD DISK DRIVE HAVE LED TO INCREASE IN DEMAND FOR HARDWARE ENCRYPTION
TABLE 11 MARKET FOR EXTERNAL HARD DISK DRIVE, BY APPLICATION, 20172019 (USD MILLION)
TABLE 12 MARKET FOR EXTERNAL HARD DISK DRIVE, BY APPLICATION, 20202025 (USD MILLION)
8.3 INTERNAL HARD DISK DRIVE
8.3.1 PERSONAL COMPUTERS AND LAPTOPS HAVE GAINED SIGNIFICANT DEMAND FOR INTERNAL HARD DISK DRIVES
TABLE 13 MARKET FOR INTERNAL HARD DISK DRIVE, BY APPLICATION, 20172019 (USD MILLION)
TABLE 14 MARKET FOR INTERNAL HARD DISK DRIVE, BY APPLICATION, 20202025 (USD MILLION)
8.4 SOLID-STATE DRIVE
8.4.1 ADVANCED SED FEATURE HELPS GROWTH OF SOLID-STATE DRIVE MARKET
TABLE 15 HARDWARE ENCRYPTION MARKET FOR SOLID-STATE DRIVE, BY APPLICATION, 20172019 (USD MILLION)
TABLE 16 MARKET FOR SOLID-STATE DRIVE, BY APPLICATION, 20202025 (USD MILLION)
8.5 INLINE NETWORK ENCRYPTOR
8.5.1 APPLICATIONS SUCH AS AEROSPACE AND DEFENSE AND IT & TELECOM REQUIRE INLINE NETWORK ENCRYPT OR PRODUCTS FOR STORING CONFIDENTIAL COMMUNICATION DATA
TABLE 17 MARKET FOR INLINE NETWORK ENCRYPTOR, BY APPLICATION, 20172019 (USD MILLION)
TABLE 18 MARKET FOR INLINE NETWORK ENCRYPTOR, BY APPLICATION, 20202025 (USD MILLION)
8.6 USB FLASH DRIVE
8.6.1 PORTABILITY AND CONVENIENCE MAKE USB FLASH DRIVE RELIABLE SOURCE FOR ENCRYPTING DATA
TABLE 19 MARKET FOR USB FLASH DRIVE, BY APPLICATION, 20172019 (USD MILLION)
TABLE 20 MARKET FOR USB FLASH DRIVE, BY APPLICATION, 20202025 (USD MILLION)
9 HARDWARE ENCRYPTION MARKET, BY APPLICATION (Page No. - 80)
9.1 INTRODUCTION
FIGURE 24 CONSUMER ELECTRONICS APPLICATION TO RECORD LARGEST MARKET SHARE OF MARKET DURING 20202025 (USD MILLION)
TABLE 21 MARKET, BY APPLICATION, 20172019 (USD MILLION)
TABLE 22 MARKET, BY APPLICATION, 20202025 (USD MILLION)
9.2 CONSUMER ELECTRONICS
9.2.1 GROWING SECURITY CONCERNS LEADING TO ADOPTION OF ENCRYPTION IN CONSUMER ELECTRONICS AND PRODUCTS
TABLE 23 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 20172019 (USD MILLION)
TABLE 24 MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 20202025 (USD MILLION)
TABLE 25 MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 26 MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 27 MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 20172019 (USD MILLION)
TABLE 28 MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
TABLE 29 MARKET FOR CONSUMER ELECTRONICS IN APAC, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 30 MARKET FOR CONSUMER ELECTRONICS IN APAC, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 31 MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 20172019 (USD MILLION)
TABLE 32 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 20202025 (USD MILLION)
TABLE 33 MARKET FOR CONSUMER ELECTRONICS IN SOUTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 34 MARKET FOR CONSUMER ELECTRONICS IN SOUTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 35 MARKET FOR CONSUMER ELECTRONICS IN MIDDLE EAST & AFRICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 36 MARKET FOR CONSUMER ELECTRONICS IN MIDDLE EAST & AFRICA, BY COUNTRY, 20202025 (USD THOUSAND)
9.3 IT & TELECOM
9.3.1 ADVANCEMENTS IN IT & TELECOM APPLICATIONS REQUIRE HARDWARE ENCRYPTION AS NECESSARY SAFETY MEASURE
TABLE 37 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM, BY REGION, 20172019 (USD MILLION)
TABLE 38 MARKET FOR IT & TELECOM, BY REGION, 20202025 (USD MILLION)
TABLE 39 MARKET FOR IT & TELECOM IN NORTH AMERICA, BY COUNTRY, 20172019 (USD MILLION)
TABLE 40 MARKET FOR IT & TELECOM IN NORTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 41 MARKET FOR IT & TELECOM IN EUROPE, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 42 MARKET FOR IT & TELECOM IN EUROPE, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 43 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN APAC, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 44 MARKET FOR IT & TELECOM IN APAC, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 45 MARKET FOR IT & TELECOM IN ROW, BY REGION, 20172019 (USD THOUSAND)
TABLE 46 MARKET FOR IT & TELECOM IN ROW, BY REGION, 20202025 (USD THOUSAND)
TABLE 47 MARKET FOR IT & TELECOM IN SOUTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 48 MARKET FOR IT & TELECOM IN SOUTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 49 MARKET FOR IT & TELECOM IN MIDDLE EAST & AFRICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 50 MARKET FOR IT & TELECOM IN MIDDLE EAST & AFRICA, BY COUNTRY, 20202025 (USD THOUSAND)
9.4 TRANSPORTATION
9.4.1 PORTABLE ENCRYPTION PRODUCTS TO MAKE PROCESSES EASY FOR TRANSPORTATION APPLICATIONS
TABLE 51 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION, BY REGION, 20172019 (USD THOUSAND)
TABLE 52 MARKET FOR TRANSPORTATION, BY REGION, 20202025 (USD THOUSAND)
TABLE 53 MARKET FOR TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 54 MARKET FOR TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 55 MARKET FOR TRANSPORTATION IN EUROPE, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 56 MARKET FOR TRANSPORTATION IN EUROPE, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 57 MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 58 MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 59 MARKET FOR TRANSPORTATION IN ROW, BY REGION, 20172019 (USD THOUSAND)
TABLE 60 MARKET FOR TRANSPORTATION IN ROW, BY REGION, 20202025 (USD THOUSAND)
TABLE 61 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN SOUTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 62 MARKET FOR TRANSPORTATION IN SOUTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 63 MARKET FOR TRANSPORTATION IN MIDDLE EAST & AFRICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 64 MARKET FOR TRANSPORTATION IN MIDDLE EAST & AFRICA, BY COUNTRY, 20202025 (USD THOUSAND)
9.5 AEROSPACE & DEFENSE
9.5.1 NEED TO PROTECT DATA AND HAVE SECURE COMMUNICATION IN AEROSPACE REQUIRE HARDWARE ENCRYPTION PRODUCTS
TABLE 65 MARKET FOR AEROSPACE AND DEFENSE, BY REGION, 20172019 (USD MILLION)
TABLE 66 MARKET FOR AEROSPACE AND DEFENSE, BY REGION, 20202025 (USD MILLION)
TABLE 67 MARKET FOR AEROSPACE AND DEFENSE IN NORTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 68 MARKET FOR AEROSPACE AND DEFENSE IN NORTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 69 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN EUROPE, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 70 MARKET FOR AEROSPACE AND DEFENSE IN EUROPE, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 71 MARKET FOR AEROSPACE AND DEFENSE IN APAC, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 72 MARKET FOR AEROSPACE AND DEFENSE IN APAC, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 73 MARKET FOR AEROSPACE AND DEFENSE IN ROW, BY REGION, 20172019 (USD THOUSAND)
TABLE 74 MARKET FOR AEROSPACE AND DEFENSE IN ROW, BY REGION, 20202025 (USD THOUSAND)
TABLE 75 MARKET FOR AEROSPACE AND DEFENSE IN SOUTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 76 MARKET FOR AEROSPACE AND DEFENSE IN SOUTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 77 MARKET FOR AEROSPACE AND DEFENSE IN MIDDLE EAST & AFRICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 78 MARKET FOR AEROSPACE AND DEFENSE IN MIDDLE EAST & AFRICA, BY COUNTRY, 20202025 (USD THOUSAND)
9.6 HEALTHCARE
9.6.1 HEALTHCARE INSTITUTIONS REQUIRE PORTABLE HARDWARE ENCRYPTED DEVICES FOR EASY MOVEMENT TO VARIOUS LOCATIONS
TABLE 79 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE APPLICATION, BY REGION, 20172019 (USD MILLION)
TABLE 80 MARKET FOR HEALTHCARE APPLICATION, BY REGION, 20202025 (USD MILLION)
TABLE 81 MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 20172019 (USD MILLION)
TABLE 82 MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
TABLE 83 MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 84 MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 85 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 86 MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 87 MARKET FOR HEALTHCARE IN ROW, BY REGION, 20172019 (USD THOUSAND)
TABLE 88 MARKET FOR HEALTHCARE IN ROW, BY REGION, 20202025 (USD THOUSAND)
TABLE 89 MARKET FOR HEALTHCARE IN SOUTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 90 MARKET FOR HEALTHCARE IN SOUTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 91 MARKET FOR HEALTHCARE IN MIDDLE EAST & AFRICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 92 MARKET FOR HEALTHCARE IN MIDDLE EAST & AFRICA, BY COUNTRY, 20202025 (USD THOUSAND)
9.7 OTHERS
9.7.1 BANKING AND RETAIL APPLICATION TO EMERGE AS NEW REVENUE POCKETS FOR HARDWARE ENCRYPTION
TABLE 93 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS, BY REGION, 20172019 (USD THOUSAND)
TABLE 94 MARKET FOR OTHER APPLICATIONS, BY REGION, 20202025 (USD THOUSAND)
TABLE 95 MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 96 MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 97 MARKET FOR OTHER APPLICATIONS IN EUROPE, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 98 MARKET FOR OTHER APPLICATIONS IN EUROPE, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 99 MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 100 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 101 MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 20172019 (USD THOUSAND)
TABLE 102 MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 20202025 (USD THOUSAND)
TABLE 103 MARKET FOR OTHER APPLICATIONS IN SOUTH AMERICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 104 MARKET FOR OTHER APPLICATIONS IN SOUTH AMERICA, BY COUNTRY, 20202025 (USD THOUSAND)
TABLE 105 MARKET FOR OTHER APPLICATIONS IN MIDDLE EAST & AFRICA, BY COUNTRY, 20172019 (USD THOUSAND)
TABLE 106 MARKET FOR OTHER APPLICATIONS IN MIDDLE EAST & AFRICA, BY COUNTRY, 20202025 (USD THOUSAND)
10 GEOGRAPHIC ANALYSIS (Page No. - 112)
10.1 INTRODUCTION
FIGURE 25 GEOGRAPHICAL SNAPSHOT: HARDWARE ENCRYPTION MARKET
TABLE 107 MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 108 MARKET, BY REGION, 20202025 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 26 SNAPSHOT: MARKET IN NORTH AMERICA
TABLE 109 MARKET IN NORTH AMERICA, BY COUNTRY, 20172019 (USD MILLION)
TABLE 110 MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION)
10.2.1 US
10.2.1.1 Rising demand for hardware encryption-enabled products in US to ensure data security
10.2.2 CANADA
10.2.2.1 Surging number of immigrants from various geographies reaching Canada to avail technical opportunities fuels demand for hardware encryption
10.2.3 MEXICO
10.2.3.1 Increasing focus on manufacturing aircraft components, automobiles, and consumer electronics lead to growth of market in Mexico
10.3 EUROPE
FIGURE 27 SNAPSHOT: HARDWARE ENCRYPTION MARKET IN EUROPE
TABLE 111 MARKET IN EUROPE, BY COUNTRY, 20172019 (USD MILLION)
TABLE 112 MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION)
10.3.1 UK
10.3.1.1 Rising installation of data storage systems to generate new revenue pockets for hardware encryption providers in UK
10.3.2 GERMANY
10.3.2.1 Surging demand for hardware encryption in components used for developing automobiles in Germany
10.3.3 FRANCE
10.3.3.1 Flourishing telecommunication sector to emerge as new revenue pocket for hardware encryption providers in France
10.3.4 ITALY
10.3.4.1 Growing manufacturing sector to accelerate demand for hardware encryption products in Italy
10.3.5 NETHERLANDS
10.3.5.1 Surging adoption of electric vehicles to increase demand for hardware encryption products in Netherlands
10.3.6 REST OF EUROPE
10.4 APAC
FIGURE 28 SNAPSHOT: HARDWARE ENCRYPTION MARKET IN APAC
TABLE 113 MARKET IN APAC, BY COUNTRY, 20172019 (USD MILLION)
TABLE 114 MARKET IN APAC, BY COUNTRY, 20202025 (USD MILLION)
10.4.1 CHINA
10.4.1.1 Growing demand for encryption products related to smartphones and tablets
10.4.2 JAPAN
10.4.2.1 Rising adoption of technologically-advanced commodities fuels demand for encryption products in Japan
10.4.3 SOUTH KOREA
10.4.3.1 Flourishing consumer electronics and automobiles industries contribute to growth of market in South Korea
&nbsnbsp; 10.4.4 INDIA
10.4.4.1 Growing adoption of cloud computing to fuel demand for encryption-enabled solutions in India
10.4.5 REST OF APAC
10.5 ROW
FIGURE 29 SNAPSHOT: HARDWARE ENCRYPTION MARKET IN ROW
TABLE 115 MARKET IN ROW, BY REGION, 20172019 (USD MILLION)
TABLE 116 MARKET IN ROW, BY REGION, 20202025 (USD MILLION)
10.5.1 MIDDLE EAST AND AFRICA
10.5.1.1 Rising demand for storage products in Middle East and Africa to create demand for hardware encryption-enabled products
10.5.2 SOUTH AMERICA
10.5.2.1 Aerospace and defense industry to create opportunities for market
11 COMPETITIVE LANDSCAPE (Page No. - 127)
11.1 OVERVIEW
FIGURE 30 PRODUCT LAUNCHES EMERGED AS KEY STRATEGIES ADOPTED BY MARKET PLAYERS FROM JANUARY 2017 TO JUNE 2020
11.2 MARKET SHARE AND RANKING ANALYSIS OF KEY COMPANIES, 2019
TABLE 117 HARDWARE ENCRYPTION MARKET: MARKET SHARE IN 2019
11.3 FIVE YEAR REVENUE ANALYSIS OF MAJOR PLAYERS IN MARKET
FIGURE 31 MARKET: FIVE YEAR REVENUE SNAPSHOT OF MAJOR PLAYERS (USD MILLION)
11.4 COMPANY EVALUATION MATRIX (2019)
11.4.1 STAR
11.4.2 EMERGING LEADER
11.4.3 PERVASIVE
11.4.4 PARTICIPANT
FIGURE 32 HARDWARE ENCRYPTION MARKET, COMPANY EVALUATION MATRIX (2019)
11.5 STARTUP/SME EVALUATION MATRIX (2019)
11.5.1 PROGRESSIVE COMPANIES
11.5.2 RESPONSIVE COMPANIES
11.5.3 DYNAMIC COMPANIES
11.5.4 STARTING BLOCKS
FIGURE 33 HARDWARE ENCRYPTION MARKET, START-UP/SME EVALUATION MATRIX (2019)
11.6 COMPETITIVE SITUATIONS AND TRENDS
TABLE 118 PRODUCT LAUNCHES, APRIL 2019 AND JUNE 2020
11.6.1 DEALS
TABLE 119 DEALS, APRIL 2019 AND NOVEMBER 2020
12 COMPANY PROFILES (Page No. - 138)
12.1 INTRODUCTION
12.2 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2.1 WESTERN DIGITAL CORP.
FIGURE 34 WESTERN DIGITAL: COMPANY SNAPSHOT
12.2.2 SAMSUNG
FIGURE 35 SAMSUNG: COMPANY SNAPSHOT
12.2.3 MICRON
FIGURE 36 MICRON: COMPANY SNAPSHOT
12.2.4 KINGSTON TECHNOLOGY CORP.
12.2.5 SEAGATE TECHNOLOGY PLC
FIGURE 37 SEAGATE TECHNOLOGY PLC: COMPANY SNAPSHOT
12.2.6 NETAPP
FIGURE 38 NETAPP: COMPANY SNAPSHOT
12.2.7 KIOXIA HOLDINGS CORPORATION
FIGURE 39 KIOXIA CORP.: COMPANY SNAPSHOT
12.2.8 KANGURU SOLUTIONS
12.2.9 INTEL
FIGURE 40 INTEL: COMPANY SNAPSHOT
12.2.10 WINMAGIC INC.
12.2.11 MAXIM INTEGRATED PRODUCTS, INC.
FIGURE 41 MAXIM INTEGRATED PRODUCTS, INC.: COMPANY SNAPSHOT
12.2.12 THALES E-SECURITY
FIGURE 42 THALES E-SECURITY: COMPANY SNAPSHOT
12.2.13 MCAFEE
12.2.14 BROADCOM
FIGURE 43 BROADCOM: COMPANY SNAPSHOT
12.2.15 IBM
FIGURE 44 IBM CORPORATION: COMPANY SNAPSHOT
*Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
12.3 OTHER COMPANIES
12.3.1 MICRO FOCUS
12.3.2 GIESECKE+DEVRIENT (G+D)
12.3.3 IDEMIA
12.3.4 NXP
12.3.5 INFENION
12.3.6 CHECK POINT
12.3.7 SOPHOS
12.3.8 ESET
12.3.9 TREND MICRO
13 APPENDIX (Page No. - 180)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
The study involved 4 major activities in estimating the current size of the hardware encryption market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information relevant for this study. These secondary sources include biometric technologies journals, magazines, and IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information pertinent to this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the hardware encryption market. After a complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at.
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the hardware encryption market and other dependent submarkets listed in this report.
- Key players in the industry and markets were identified through extensive secondary research.
- In terms of value, the industrys supply chain and market size were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the global market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures were employed wherever applicable. The data was triangulated by studying various factors and trends identified from both the demand and supply sidesscientific research, technical, suppliers, OEMs, system integrators and others.
Report Objectives
The following are the primary objectives of the study:
- To define, describe, and forecast the hardware encryption market based on the component type, application, and region
- To forecast the market size of various segments with respect to global market
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile the key players and comprehensively analyze their market ranking and core competencies, along with detailing the competitive landscape for market leaders
- To analyze the competitive developments, such as agreements, contracts, partnerships, acquisitions, and product launches & developments, carried out in the hardware encryption market
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Growth opportunities and latent adjacency in Hardware Encryption Market