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DUBLIN, Sept. 13, 2021 /PRNewswire/ -- The "Hardware Encryption Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global hardware encryption market exhibited strong growth during 2015-2020. Encryption refers to the process of utilizing an algorithm to convert information or data into codes to prevent any unauthorized access. It protects sensitive data by transforming it into an unreadable ciphertext which can be decrypted using an encryption key. These types of encryption utilize a dedicated processor, which aids in the tasks of authentication and encryption. This processor is physically located on the encrypted drive which often generates the encryption key that can be unlocked using the user's password. Since it protects the data against threats, such as cold boot, malicious code and brute force attacks, it is widely being adopted across diverse industry verticals, including banking, corporate, IT & Telecom, healthcare, etc.

Escalating adoption rates of portable storage devices which are used to transfer information between computers and create backup are one of the major factors contributing to the market growth. Hardware encryption devices offer efficient confidentiality of personal data from unauthorized access, which has positively influenced their sales globally. Furthermore, the rising cases of cyber-attacks have led private organizations as well as governments to make a shift toward hardware encryption as these systems are more resilient and deliver faster performance when compared with software encryptions. Moreover, the increasing sales of consumer electronics have led smartphone manufacturers to include fingerprint scanners in their devices. This protects the privacy of the users as well as makes the process of encryption and decryption faster. Looking forward, the publisher expects the global hardware encryption market to grow at a CAGR of around 30% during the forecast period (2021-2026).

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Gemalto NV, IBM Corp., Imation Corp., Maxim Integrated Products, Micron Technology, Netapp, Samsung Electronics, SanDisk Corporation, Seagate Technology, Thales, Toshiba Corp., Western Digital Corp., Western Digital Technologies, Winmagic, etc.

Key Questions Answered in This Report:

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction4.1 Overview4.2 Key Industry Trends

5 Global Hardware Encryption Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast

6 Market Breakup by Algorithm and Standard6.1 Advanced Encryption Standard (AES)6.1.1 Market Trends6.1.2 Market Forecast6.2 Rivest-Shamir-Adleman (RSA)6.2.1 Market Trends6.2.2 Market Forecast6.3 Others6.3.1 Market Trends6.3.2 Market Forecast

7 Market Breakup by Architecture7.1 Field-Programmable Gate Arrays (FPGA)7.1.1 Market Trends7.1.2 Market Forecast7.2 Application-Specific Integrated Circuits (ASIC)7.2.1 Market Trends7.2.2 Market Forecast

8 Market Breakup by Product8.1 External Hard Disk Drives8.1.1 Market Trends8.1.2 Market Forecast8.2 Internal Hard Disk Drives8.2.1 Market Trends8.2.2 Market Forecast8.3 lnline Network Encryptors8.3.1 Market Trends8.3.2 Market Forecast8.4 USB Flash Drives8.4.1 Market Trends8.4.2 Market Forecast8.5 Others8.5.1 Market Trends8.5.2 Market Forecast

9 Market Breakup by Application9.1 Consumer Electronics9.1.1 Market Trends9.1.2 Market Forecast9.2 IT & Telecom9.2.1 Market Trends9.2.2 Market Forecast9.3 Transportation9.3.1 Market Trends9.3.2 Market Forecast9.4 Aerospace and Defense9.4.1 Market Trends9.4.2 Market Forecast9.5 Healthcare9.5.1 Market Trends9.5.2 Market Forecast9.6 BFSI9.6.1 Market Trends9.6.2 Market Forecast9.7 Others9.7.1 Market Trends9.7.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Competitive Landscape14.1 Market Structure14.2 Key Players14.3 Profiles of Key Players14.3.1 Gemalto NV14.3.1.1 Company Overview14.3.1.2 Product Portfolio14.3.2 IBM Corp.14.3.2.1 Company Overview14.3.2.2 Product Portfolio14.3.3 Imation Corp.14.3.3.1 Company Overview14.3.3.2 Product Portfolio14.3.4 Maxim Integrated Products14.3.4.1 Company Overview14.3.4.2 Product Portfolio14.3.4.3 Financials14.3.4.4 SWOT Analysis14.3.5 Micron Technology14.3.5.1 Company Overview14.3.5.2 Product Portfolio14.3.5.3 Financials14.3.5.4 SWOT Analysis14.3.6 Netapp14.3.6.1 Company Overview14.3.6.2 Product Portfolio14.3.6.3 Financials14.3.6.4 SWOT Analysis14.3.7 Samsung Electronics14.3.7.1 Company Overview14.3.7.2 Product Portfolio14.3.7.3 Financials14.3.7.4 SWOT Analysis14.3.8 SanDisk Corporation14.3.8.1 Company Overview14.3.8.2 Product Portfolio14.3.9 Seagate Technology14.3.9.1 Company Overview14.3.9.2 Product Portfolio14.3.10 Thales14.3.10.1 Company Overview14.3.10.2 Product Portfolio14.3.11 Toshiba Corp.14.3.11.1 Company Overview14.3.11.2 Product Portfolio14.3.11.3 Financials14.3.11.4 SWOT Analysis14.3.12 Western Digital Corp.14.3.12.1 Company Overview14.3.12.2 Product Portfolio14.3.12.3 Financials14.3.12.4 SWOT Analysis14.3.13 Western Digital Technologies14.3.13.1 Company Overview14.3.13.2 Product Portfolio14.3.14 Winmagic14.3.14.1 Company Overview14.3.14.2 Product Portfolio

For more information about this report visit https://www.researchandmarkets.com/r/6v5kst

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Insights on the Hardware Encryption Global Market to 2026 - by Algorithm & Standard, Architecture, Product, Application and Region - PRNewswire