Hardware encryption has become exceedingly common and necessary as the value of data has grown considerably. Encryption of hardware is a technology which encrypts the data stored on any hardware using sophisticated encryption functions. This results in data which is highly private and cannot be read without the use of a security key or password. This can be useful in protecting theft of data or access to data by unauthorized parties as well as by providing an extra layer of security against hackers or other malicious online threats. Market Research Future has published its report on the subject which indicates growth of the hardware encryption market over the forecast period of 2017 to 2023 at a CAGR of 22%. This projection is highly promising and will likely result in a value that crosses into triple digits.

Market Segmentation

Algorithm & standard has been segmented into Rivest Shamir Adleman (RSA) algorithm, advanced encryption standards, secure hash algorithm (SHA), digital signature algorithm (DSA). data encryption standard (DES), and elliptic curve cryptography (ECC)

Products available Hardware Encryption Market include inline network encryptors, external hard disk drives, internal hard disk drives, solid state drives, and USB flash drives.

Applications of hardware encryption can be found in automotive, BFSI, IT & telecom, military & aerospace, and healthcare.

End-users of hardware encryption has been segmented into commercial, residential, industrial and government agencies.

Key Players

MRFRs examination of the competitive landscape of the global hardware encryption market includes leading market participants such as Thales e-security (U.S.), Win Magic Inc. (U.S.), Micron Technology Inc. (U.S.), Micron Technology Inc. (U.S.), Samsung Electronics (South Korea), Seagate Technology PLC (Ireland), NetApp (U.S.), Kanguru Solutions (U.S.), Kingston Technology Corp. (U.S.), Toshiba Corporation (Japan), Western Digital Corporation (U.S.), and Maxim Integrated Products, Inc. (U.S.)

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