The global Hardware Encryption Devices market was valued at 2415.52 Million USD in 2021 and will grow with a CAGR of 24.24% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Hardware-based encryption devices offer the security of strong encryption with the ease of minimal configuration and platform interoperability. Hardware encryption can offer several benefits beyond those provided by software encryption. These include faster algorithm processing, tamper-proof or tamper-resistant key storage, and protection against unauthorized code.In North America, total hardware encryption devices accounted for 28%. In the Europe, total hardware encryption devices accounted for 25%. In Asia-Pacific, total hardware encryption devices accounted for 39%. The sales of Central & South America accounted for 4% and in Middle East & Africa region 3% in 2018.

By Market Verdors:

Western Digital Corp

Seagate Technology PLC

Samsung Electronics

Micron Technology Inc

Intel

Kingston Technology Corp

Toshiba

Gemalto (Thales)

Certes Networks Inc.

Kanguru Solutions

By Types:

Encrypted Hard Disk Drives

Encrypted Solid-State Drives

Hardware Security Module

By Applications:

IT & Telecom

BFSI

Government & Public Utilities

Manufacturing Enterprise

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Learn about the market strategies that are being adopted by leading respective organizations.

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