Hardware Encryption Market

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

Report Code: SE 1876 Jan, 2021, by marketsandmarkets.com

[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.

Hardware encryption Market

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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.

Hardware encryption Market  by Region

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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 hardware encryption market. Strong brand name and customer base are among the key factors that resulted in the leading position of Samsung in the hardware encryption 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 hardware encryption market.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2019

Forecast period

2020–2025

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

HARDWARE ENCRYPTION MARKET, BY PRODUCT TYPE

  • External HDD
  • Internal HDD
  • Solid-state Drive
  • Inline Network Encryptor
  • USB Flash Drive

HARDWARE ENCRYPTION MARKET, BY APPLICATION

  • Consumer electronics
  • IT & Telecom
  • Healthcare
  • Aerospace and Defense
  • Transportation
  • Others

HARDWARE ENCRYPTION 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.

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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 HARDWARE ENCRYPTION MARKET, BY PRODUCT (USD MILLION)
           FIGURE 7 HARDWARE ENCRYPTION MARKET, BY APPLICATION (USD MILLION)
           FIGURE 8 HARDWARE ENCRYPTION 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 HARDWARE ENCRYPTION MARKET DURING FORECAST PERIOD
    4.2 HARDWARE ENCRYPTION MARKET, BY ARCHITECTURE
           FIGURE 10 APPLICATION-SPECIFIC INTEGRATED CIRCUIT-BASED ENCRYPTION PRODUCTS TO DOMINATE HARDWARE ENCRYPTION MARKET IN 2020
    4.3 HARDWARE ENCRYPTION MARKET IN NORTH AMERICA, BY APPLICATION
           FIGURE 11 CONSUMER ELECTRONICS TO ACCOUNT FOR LARGEST SIZE OF HARDWARE ENCRYPTION MARKET IN NORTH AMERICA, IN 2020
    4.4 HARDWARE ENCRYPTION 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 HARDWARE ENCRYPTION 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 HARDWARE ENCRYPTION MARKET ECOSYSTEM
           FIGURE 15 HARDWARE ENCRYPTION MARKET: ECOSYSTEM
    5.5 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 16 PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 PORTER’S 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 HARDWARE ENCRYPTION 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, 2012–2020
    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 HARDWARE ENCRYPTION MARKET FROM 2020 TO 2025
           TABLE 7 HARDWARE ENCRYPTION MARKET, BY ARCHITECTURE, 2017–2019 (USD MILLION)
           TABLE 8 HARDWARE ENCRYPTION MARKET, BY ARCHITECTURE, 2020–2025 (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 HARDWARE ENCRYPTION MARKET FROM 2020 TO 2025
           TABLE 9 HARDWARE ENCRYPTION MARKET, BY PRODUCT, 2017–2019 (USD MILLION)
           TABLE 10 HARDWARE ENCRYPTION MARKET, BY PRODUCT, 2020–2025 (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 HARDWARE ENCRYPTION MARKET FOR EXTERNAL HARD DISK DRIVE, BY APPLICATION, 2017–2019 (USD MILLION)
                    TABLE 12 HARDWARE ENCRYPTION MARKET FOR EXTERNAL HARD DISK DRIVE, BY APPLICATION, 2020–2025 (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 HARDWARE ENCRYPTION MARKET FOR INTERNAL HARD DISK DRIVE, BY APPLICATION, 2017–2019 (USD MILLION)
                    TABLE 14 HARDWARE ENCRYPTION MARKET FOR INTERNAL HARD DISK DRIVE, BY APPLICATION, 2020–2025 (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, 2017–2019 (USD MILLION)
                    TABLE 16 HARDWARE ENCRYPTION MARKET FOR SOLID-STATE DRIVE, BY APPLICATION, 2020–2025 (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 HARDWARE ENCRYPTION MARKET FOR INLINE NETWORK ENCRYPTOR, BY APPLICATION, 2017–2019 (USD MILLION)
                    TABLE 18 HARDWARE ENCRYPTION MARKET FOR INLINE NETWORK ENCRYPTOR, BY APPLICATION, 2020–2025 (USD MILLION)
    8.6 USB FLASH DRIVE
           8.6.1 PORTABILITY AND CONVENIENCE MAKE USB FLASH DRIVE RELIABLE SOURCE FOR ENCRYPTING DATA
                    TABLE 19 HARDWARE ENCRYPTION MARKET FOR USB FLASH DRIVE, BY APPLICATION, 2017–2019 (USD MILLION)
                    TABLE 20 HARDWARE ENCRYPTION MARKET FOR USB FLASH DRIVE, BY APPLICATION, 2020–2025 (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 HARDWARE ENCRYPTION MARKET DURING 2020–2025 (USD MILLION)
           TABLE 21 HARDWARE ENCRYPTION MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
           TABLE 22 HARDWARE ENCRYPTION MARKET, BY APPLICATION, 2020–2025 (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, 2017–2019 (USD MILLION)
                    TABLE 24 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 25 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 26 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 27 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
                    TABLE 28 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 29 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN APAC, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 30 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN APAC, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 31 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 32 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 33 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN SOUTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 34 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 35 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN MIDDLE EAST & AFRICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 36 HARDWARE ENCRYPTION MARKET FOR CONSUMER ELECTRONICS IN MIDDLE EAST & AFRICA, BY COUNTRY, 2020–2025 (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, 2017–2019 (USD MILLION)
                    TABLE 38 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 39 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
                    TABLE 40 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 41 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN EUROPE, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 42 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN EUROPE, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 43 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN APAC, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 44 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN APAC, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 45 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN ROW, BY REGION, 2017–2019 (USD THOUSAND)
                    TABLE 46 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN ROW, BY REGION, 2020–2025 (USD THOUSAND)
                    TABLE 47 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN SOUTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 48 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 49 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN MIDDLE EAST & AFRICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 50 HARDWARE ENCRYPTION MARKET FOR IT & TELECOM IN MIDDLE EAST & AFRICA, BY COUNTRY, 2020–2025 (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, 2017–2019 (USD THOUSAND)
                    TABLE 52 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION, BY REGION, 2020–2025 (USD THOUSAND)
                    TABLE 53 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 54 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 55 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN EUROPE, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 56 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN EUROPE, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 57 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 58 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN APAC, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 59 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN ROW, BY REGION, 2017–2019 (USD THOUSAND)
                    TABLE 60 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN ROW, BY REGION, 2020–2025 (USD THOUSAND)
                    TABLE 61 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN SOUTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 62 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 63 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN MIDDLE EAST & AFRICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 64 HARDWARE ENCRYPTION MARKET FOR TRANSPORTATION IN MIDDLE EAST & AFRICA, BY COUNTRY, 2020–2025 (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 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 66 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 67 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 68 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 69 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN EUROPE, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 70 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN EUROPE, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 71 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN APAC, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 72 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN APAC, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 73 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN ROW, BY REGION, 2017–2019 (USD THOUSAND)
                    TABLE 74 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN ROW, BY REGION, 2020–2025 (USD THOUSAND)
                    TABLE 75 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN SOUTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 76 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 77 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN MIDDLE EAST & AFRICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 78 HARDWARE ENCRYPTION MARKET FOR AEROSPACE AND DEFENSE IN MIDDLE EAST & AFRICA, BY COUNTRY, 2020–2025 (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, 2017–2019 (USD MILLION)
                    TABLE 80 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 81 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
                    TABLE 82 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 83 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 84 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 85 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 86 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 87 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN ROW, BY REGION, 2017–2019 (USD THOUSAND)
                    TABLE 88 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN ROW, BY REGION, 2020–2025 (USD THOUSAND)
                    TABLE 89 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN SOUTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 90 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 91 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN MIDDLE EAST & AFRICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 92 HARDWARE ENCRYPTION MARKET FOR HEALTHCARE IN MIDDLE EAST & AFRICA, BY COUNTRY, 2020–2025 (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, 2017–2019 (USD THOUSAND)
                    TABLE 94 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD THOUSAND)
                    TABLE 95 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 96 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 97 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 98 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN EUROPE, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 99 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 100 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 101 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 2017–2019 (USD THOUSAND)
                    TABLE 102 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 2020–2025 (USD THOUSAND)
                    TABLE 103 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN SOUTH AMERICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 104 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN SOUTH AMERICA, BY COUNTRY, 2020–2025 (USD THOUSAND)
                    TABLE 105 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN MIDDLE EAST & AFRICA, BY COUNTRY, 2017–2019 (USD THOUSAND)
                    TABLE 106 HARDWARE ENCRYPTION MARKET FOR OTHER APPLICATIONS IN MIDDLE EAST & AFRICA, BY COUNTRY, 2020–2025 (USD THOUSAND)

10 GEOGRAPHIC ANALYSIS (Page No. - 112)
     10.1 INTRODUCTION
               FIGURE 25 GEOGRAPHICAL SNAPSHOT: HARDWARE ENCRYPTION MARKET
               TABLE 107 HARDWARE ENCRYPTION MARKET, BY REGION, 2017–2019 (USD MILLION)
               TABLE 108 HARDWARE ENCRYPTION MARKET, BY REGION, 2020–2025 (USD MILLION)
     10.2 NORTH AMERICA
               FIGURE 26 SNAPSHOT: HARDWARE ENCRYPTION MARKET IN NORTH AMERICA
               TABLE 109 HARDWARE ENCRYPTION MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
               TABLE 110 HARDWARE ENCRYPTION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (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 hardware encryption market in Mexico
     10.3 EUROPE
               FIGURE 27 SNAPSHOT: HARDWARE ENCRYPTION MARKET IN EUROPE
               TABLE 111 HARDWARE ENCRYPTION MARKET IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
               TABLE 112 HARDWARE ENCRYPTION MARKET IN EUROPE, BY COUNTRY, 2020–2025 (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 HARDWARE ENCRYPTION MARKET IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
               TABLE 114 HARDWARE ENCRYPTION MARKET IN APAC, BY COUNTRY, 2020–2025 (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 hardware encryption market in South Korea
             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 HARDWARE ENCRYPTION MARKET IN ROW, BY REGION, 2017–2019 (USD MILLION)
               TABLE 116 HARDWARE ENCRYPTION MARKET IN ROW, BY REGION, 2020–2025 (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 hardware encryption 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 HARDWARE ENCRYPTION MARKET
               FIGURE 31 HARDWARE ENCRYPTION 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.

Hardware encryption Market  Size, and Share

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 industry’s 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 sides—scientific 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

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
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