Hardware Encryption Market

Market Leader - Hardware Encryption Market

The hardware encryption market is highly competitive with the presence of a large number of small and big players in the market. This market is expected to grow at a CAGR of 29.3% during the forecast period. As of 2015, Western Digital Corp. (U.S.) dominated this market

The strategy of new product launches has been the key strategy adopted by the market players to grow in the in this market. This strategy accounted for a share of ~73% of the overall growth strategies adopted by the market players between January 2014 and October 2016.

The increasing concern for data security issue and privacy of data have encouraged the companies to adopt this strategy. Besides new product launches, the companies have also adopted the strategies of acquisitions, partnerships, expansion, agreement, contract, alliance and collaboration to expand their business operations, product portfolio and distribution network; and strengthen their market share and position in this market.

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.

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.

Related Reports:

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

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Report Code
SE 1876
Published ON
Jan, 2017
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