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Hardware Encryption Market to have Increasing Growth Rate by 2020

The hard disk drives (HDD) segment is the highest revenue generating segment, constituting 57% of the total market revenue in 2014. The segment is expected to maintain its dominance throughout the analysis period. The segment of encrypted USB flash drives is forecast to grow significantly and register highest CAGR of 58.8% during the forecast period. The increasing demands of robust memory storage devices that are highly compact, offer maximum storage and render better security of data are key factors, which would drive the growth of this segment.

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Hardware Encryption Market to have Increasing Growth Rate by 2020

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Hardware Encryption Market Global Opportunity Analysis and Industry Forecast, 2014-2020

  2. Introduction Hardware Encryption Market would garner revenue of $296.4 billion by 2020, registering a CAGR of 54.6% during the forecast period of 2015 – 2020 Hardware encryption is considered as the most effective form of data protection against unauthorized access Hard disk drives are the most widely encrypted devices, accounting for the highest market share throughout analysis period  To address the grave issue of the increasing number of complex cyber-attacks, governments across the globe are coming out with stringent regulations pertaining to data protection; a factor that further supplements the demand of hardware encryption as a key data security technology Asia-Pacific is the largest revenue generating region for hardware encryption, followed by North America and Europe

  3. Key Factors of the Market • Increasing number of data breaches and brute force attacks owing to burgeoning digitalization is one of the driving factors of hardware encryption • The reduced prices of encrypted chip/key have boosted the growth of the hardware encryption market in all regions • Increased compliance regulations • The advancement in the system-on-chip (SoC) would reduce the prices of encrypted chips. In the near future, it is expected that advanced technologies would reduce the cost difference between normal storage devices and hardware encrypted storage devices • Lack of awareness

  4. Hardware Encryption Market Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/358

  5. Key Benefits of the Market • The increasing count of complex cyber-attacks and the impending need for optimum data protection would drive the developments and advancements in this market • Hard disk drives would continue to be the highest revenue generating segment over the analysis period • Increased adoption of encryption devices would be witnessed across key sectors such as healthcare, military & aerospace and IT & telecom over the forecast period (2015 - 2020) • Asia-Pacific is the highest revenue generating region, constituting nearly 33.5% of the total market revenue

  6. Market Segmentation

  7. Key Players of the Market • Kingston Technology Corporation Inc. • Certes Networks Inc. • Seagate Technology LLC • Toshiba Corporation • NetApp, Inc. • Micron Technology, Inc. • Samsung Electronics Co. Ltd. • Imation Corp. • SanDisk Corporation • Maxim Integrated Products, Inc., and • International Business Machines Corporation (IBM) • For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/358

  8. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

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