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Hardware Encryption Market by Algorithm and Standard, Architecture, Product, Application, Vertical, and Geography - Global Forecast to 2022
NEW YORK, Jan. 24, 2017 /PRNewswire/ -- "The global hardware encryption market is expected to grow at a CAGR of 29.3%" The market is expected to reach USD 413.85 billion by 2022, growing at a CAGR of 29.3% between 2016 and 2022. Increasing concern for data security issue and privacy of data is one of the major factors fueling the growth of this market. In addition, growing requirement of regulatory compliances, expansion of digital content, and significant advantage over software encryption technology are expected to generate demand for hardware encryption. The key restraining factor for the growth of the hardware encryption market is the high capital investment. The total installation cost of hardware encryption technology includes licensing cost, annual maintenance cost, OPAL fees, pre-provisioning cost, staging cost, technical cost for password reset, user idle time cost for encryption, user excess operating cost, technical cost for the assistance of expert administration to encrypted drives. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the hardware encryption market. The break-up of primary participants for the report has been shown below: - By Company Type: Tier 1 – 20 %, Tier 2 – 55%, and Tier 3 – 25% - By Designation: C-Level Executives –50%, Directors – 25%, and Others – 25% - By Region: North America –60%, Europe – 20%, APAC – 10%, and RoW – 10% The report also profiles the key players in the hardware encryption market and analyzes their market ranking. The prominent players profiled in this report are Western Digital Corp. (U.S.), Samsung Electronics Co. Ltd. (South Korea), Seagate Technology PLC (Ireland), Kingston Technology Corp. (U.S.), Micron Technology Inc. (U.S.), Toshiba Corp. (Japan), Kanguru Solutions (U.S.), Maxim Integrated Products, Inc. (U.S.), NetApp (U.S.), WinMagic Inc. (U.S.), Thales e-security (U.S.), and Gemalto NV. (Netherlands). Research Coverage: This research report categorizes the global hardware encryption market on the basis of algorithm and standard, architectures, products, application, verticals, and geography. The report, in addition, provides the Porter's five forces analysis, along with the description of each of its forces and their respective impact on the hardware encryption market. It also discusses the major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis. Reasons to Buy the Report The report would help leaders/new entrants in this market in the following ways: 1. This report segments the hardware encryption market comprehensively and provides the closest market size estimation for subsegments across different regions. 2. The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities for market growth. 3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, new product launches, acquisitions, partnerships, expansion, agreement, contract, alliance and collaboration. Read the full report: http://www.reportlinker.com/p04603855-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hardware-encryption-market-by-algorithm-and-standard-architecture-product-application-vertical-and-geography---global-forecast-to-2022-300396033.html SOURCE Reportlinker |