Releases New Report on the Hardware Encryption Market
Future Market Insights has announced the addition of the “Hardware Encryption Market: Global Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.
Future Market Insights has announced the addition of the “Hardware Encryption Market: Global Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.
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<strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong><br />
March 2017<br />
<str<strong>on</strong>g>Report</str<strong>on</strong>g> Id : REP-GB-3189<br />
Status : Ongoing<br />
Category : Electr<strong>on</strong>ics, Semic<strong>on</strong>ductors, and ICT<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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Research Methodology (1/2)<br />
Systematic Research Approach<br />
<strong>Market</strong> profiling<br />
Formulating discussi<strong>on</strong> guide<br />
Developing list of resp<strong>on</strong>dents<br />
Data collecti<strong>on</strong><br />
Data validati<strong>on</strong><br />
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3<br />
1<br />
2<br />
In-depth sec<strong>on</strong>dary research is used to<br />
ascertain overall market size, top<br />
industry players, top products, industry<br />
associati<strong>on</strong>s, etc.<br />
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guide to c<strong>on</strong>duct expert and industry<br />
interviews<br />
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(manufacturers), distributors, retailers<br />
and industry experts<br />
PMR c<strong>on</strong>ducts interviews with industry<br />
experts, industry players, distributors<br />
and retailers<br />
Data is validated by triangulati<strong>on</strong><br />
method, wherein sec<strong>on</strong>dary, primary<br />
and PMR analysis c<strong>on</strong>tribute to <strong>the</strong> final<br />
data<br />
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Data<br />
Collecti<strong>on</strong><br />
Data Filter<br />
& Analysis<br />
Identifying key opini<strong>on</strong> leaders<br />
Questi<strong>on</strong>naire design<br />
In-depth interviews<br />
Coverage across value chain<br />
<strong>Market</strong> participants<br />
Key strengths<br />
Product portfolio<br />
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Key focus segments<br />
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Primary<br />
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Acti<strong>on</strong>able<br />
Insights<br />
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Developments<br />
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Data is scrutinized using MS-Excel to<br />
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insights about <strong>the</strong> industry<br />
Primary Research #<br />
Sec<strong>on</strong>dary Research #<br />
Paid Publicati<strong>on</strong>s#<br />
Insights<br />
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PMR delivers industry insights and<br />
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(PDF)<br />
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Company websites<br />
Company annual<br />
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White papers<br />
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GBI<br />
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Meltwater<br />
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3
<strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong> Analysis<br />
With <strong>the</strong> increase in cyber-attacks against many organisati<strong>on</strong>s ranging from industrial to government<br />
networks data security is <strong>the</strong> prime focus for <strong>the</strong> IT network managers. The growth of mobile devices also<br />
poses a challenge to data security as <strong>the</strong>re is an increase in a number of cyber <strong>the</strong>fts. Organisati<strong>on</strong> need<br />
to securely encrypt <strong>the</strong>ir network in order to avoid any such data <strong>the</strong>ft. Many organisati<strong>on</strong>s adopt<br />
software based encrypti<strong>on</strong> but hardware encrypti<strong>on</strong> has some unique advantages <strong>on</strong>ce implemented.<br />
<strong>Hardware</strong>-based encrypti<strong>on</strong> is a self-c<strong>on</strong>tained software and doesn’t need any additi<strong>on</strong>al software which<br />
uses a device to perform encrypti<strong>on</strong> and decrypti<strong>on</strong> which is <strong>the</strong>refore free from malware or viruses<br />
attacks.<br />
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Organisati<strong>on</strong>s adopt <strong>Hardware</strong> encrypti<strong>on</strong> as no additi<strong>on</strong>al drivers need to be loaded so it can be<br />
c<strong>on</strong>figure in little time and also perform with minimum user interacti<strong>on</strong>. <strong>Hardware</strong> encrypti<strong>on</strong> market is<br />
expected to grow as it is best suited for sensitive data protecti<strong>on</strong> in financial, healthcare and government<br />
sectors.<br />
Global <strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong> drivers:<br />
The major driver for adopting hardware encrypti<strong>on</strong> by many organisati<strong>on</strong>s to protect valuable<br />
informati<strong>on</strong> from data breaches and cyber <strong>the</strong>fts. The financial instituti<strong>on</strong>s are adopting hardware<br />
encrypti<strong>on</strong> in order to refrain from financial fraud during its banking operati<strong>on</strong>s.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4
<strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong> Analysis<br />
The o<strong>the</strong>r major driver for adopti<strong>on</strong> of <strong>Hardware</strong>-based encrypti<strong>on</strong> by many organisati<strong>on</strong>s as it offers<br />
str<strong>on</strong>ger resilience and many hackers w<strong>on</strong>’t be able to attack hardware encrypted system as crypto<br />
module used will shut down <strong>the</strong> system automatically if an attempt occur for password cracking. The<br />
growth in technology in manufacturing portable and mobile devices also fuel <strong>the</strong> market growth of<br />
hardware encrypti<strong>on</strong>.<br />
As some government also regulate <strong>the</strong> organisati<strong>on</strong>s with which <strong>the</strong>y work prescribe a standard set of<br />
rules in order to implement hardware encrypti<strong>on</strong> for sensitive data which show a positive impact in<br />
market growth of hardware encrypti<strong>on</strong>.<br />
The major drawback of hardware based encrypti<strong>on</strong> soluti<strong>on</strong> providers is cost of hardware and updates of<br />
<strong>the</strong> hardware is <strong>on</strong>ly possible through device substituti<strong>on</strong>.<br />
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Global <strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong>: Segmentati<strong>on</strong><br />
Global <strong>Hardware</strong> Encrypti<strong>on</strong> market is segmented based <strong>on</strong> product type, by vertical, by regi<strong>on</strong>.<br />
On <strong>the</strong> basis of <strong>the</strong> product type Global <strong>Hardware</strong> Encrypti<strong>on</strong> market is segmented to Hard Disk Drives,<br />
Solid-State Drives, USB Flash Drives, and o<strong>the</strong>rs.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5
<strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong> Analysis<br />
The global hardware encrypti<strong>on</strong> market <strong>on</strong> <strong>the</strong> basis of vertical is segmented to media and entertainment<br />
sector, BFSI, healthcare sector, transportati<strong>on</strong>, public sector, manufacturing sector, retail sector, IT &<br />
Telecom sector, energy & utilities and o<strong>the</strong>rs<br />
On basis of regi<strong>on</strong> global hardware encrypti<strong>on</strong> market is segmented into North America, Latin America,<br />
Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and The Middle East and<br />
Africa (MEA).<br />
Full <str<strong>on</strong>g>Report</str<strong>on</strong>g> Analysis@ http://www.futuremarketinsights.com/reports/hardware-encrypti<strong>on</strong>-market<br />
Global <strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong> Overview:<br />
Majority of <strong>the</strong> <strong>Hardware</strong> Encrypti<strong>on</strong> market is dominated by Asia pacific regi<strong>on</strong> due to expansi<strong>on</strong> of IT<br />
and telecommunicati<strong>on</strong> services and followed by North America and Europe. North America regi<strong>on</strong> is<br />
also expected to significant growth during <strong>the</strong> forecast period.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 6
<strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong> Analysis<br />
Global <strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong> Key <strong>Market</strong> Players:<br />
Some of <strong>the</strong> key players in Global <strong>Hardware</strong> Encrypti<strong>on</strong> <strong>Market</strong> include Seagate Technology LLC, Hitachi<br />
ID Systems, Inc., Western Digital Corporati<strong>on</strong>, Samsung, Toshiba Corporati<strong>on</strong>, Micr<strong>on</strong> Technology and<br />
Kingst<strong>on</strong> Technology Corporati<strong>on</strong><br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 7
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