[February 28, 2014]

Research and Markets: Hardware Encryption Market - Analysis & Forecast (2013 - 2018): Semiconductor Market Estimated at Around $1.77 Billion and is Expected to Reach $6.06 Billion By 2018

Research and Markets (http://www.researchandmarkets.com/research/8hc7dg/hardware) has announced the addition of the "Hardware Encryption Market by Algorithms, Architectures, Products, Applications, Verticals and Geography - Analysis & Forecast (2013 - 2018)" report to their offering.

In the last decade, the average cost of a data breach for companies and other organizations has almost continuously increased. This has lead to the gradual rise of hardware encryption as a solution to counter these data breaches. Since hardware encryption is highly secure, data loss is prevented even if a device is stolen. Government mandates and regulations which support the use of hardware encrypted products by companies and enterprises have come up in many countries around the world. This has pushed the market for hardware encrypted products forward. It is expected that by 2018, a high percentage of all storage devices will be hardware encrypted, since the cost of enabling hardware encryption apability in a traditional storage device are coming down

This report describes the market trends, drivers, and challenges of the hardware encryption market and forecasts the market till 2018, based on applications, verticals, products, and geography. It covers geographies like the North America, Europe, APAC, and ROW (Rest of the World). To get an in-depth perception of the market's ebb and flow over the forecast period, this section includes the porter's analysis of the hardware encryption market for the years 2013, 2015 and 2017. Thus the trends shown by the forces affecting market have been tracked for the forecast period.

Since hardware encryption is in its early commercialization phase, almost all the applications are in the introduction and growth phases. Consumer electronics being the biggest application market, encrypted HDDs and USB drives have started becoming common place in the storage market. Thus the market for these two product types is now entering the growth phase; in-line encryptors with their major applications in the MDA (News - Alert) sector, are still in the introduction phase with fewer product vendors.

Companies Mentioned:

- Certes Networks Inc

- GSMK Cryptophone

- Imation Corp

- Kanguru Solutions

- Kingston Technology Corporation

- Koolspan Inc

- Maxim Integrated Products Inc

- Merlincryption Llc

- Micron Technology Inc

- Netapp Inc

- Samsung (News - Alert) Electronics Co Ltd

- Sandisk Corporation

- Seagate Technology Plc

- Secfone AG

- Secude AG

- Toshiba Corporation

- Viasat Inc

- Western Digital (News - Alert) Corporation

- Winmagic Inc

For more information visit http://www.researchandmarkets.com/research/8hc7dg/hardware

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