Hardware Encryption Market by Usage (Storage device and Network), Application (Healthcare Sector, Military & Aerospace Sector, Automotive & Transportation Sector, IT & Telecom and Others) and End User (Industrial and commercial, Residential, Government Agencies)- Global Opportunity Analysis and Industry Forecast, 2014 -2020 Update Available On-Demand
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IC_15358
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Pages: 125
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Oct
2015 |
7811 Views
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Author(s) :
Rachna Singh
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Tables: 34
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Charts: 42
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Formats*:
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Hardware Encryption Market Outlook: 2020
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 a hardware based technique that is used for securing digital data. There are two forms of encryption; hardware based encryption and software based encryption. Hardware encryption uses a processor that contains random number of generators to generate encryption key. The key advantage of hardware-based solutions is that they eliminate the typical drawbacks of software-based solutions such as performance degradation for attacks aimed at the encryption key stored in memory. In hardware encryption, the security parameters and safeguard keys enhance the performance of encryption. These security parameters protect the encryption from cold boots and brute force attacks. Hardware encryption is a cost effective method that holds diverse applications in securing data efficiently.
Segment review
The world hardware encryption market covers usage type, its applications and end users of hardware encryption. The usage type such as storage devices (hard disk drives and USB flash drives) and networks are discussed in this report. The applications include healthcare sector, military & aerospace sector, automotive & transportation sector, BFSI, IT & telecom, others (retail, education and individual users). On the basis of geography, the world hardware encryption market is segmented across North America, Europe, Asia-Pacific and LAMEA.
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World Hardware Encryption Market Scenario
There are various types of algorithms present in the market but choosing the right type of algorithm for the right job is rudimentary. The encrypted chip/key works according to the type of algorithm used in it. In current hardware encryption market business scenario, encrypted hard disk drives are used at a notable rate owing to the presence of larger storage capacity at a low cost. Whereas, at present, encrypted USB flash drives available in the market are slightly costlier than encrypted HDDs. However, USB flash drives would grow rapidly in the years to come owing to the rising demand for robust memory storage devices, which are highly compact with maximum storage capacity and better security.
Reduced prices
Decreasing prices of encrypted hardware devices is one of the major factors affecting the global hardware encryption market. The reduced prices of encrypted chip/key have boosted the growth of the hardware encryption market in all regions. The advent of encrypted storage devices is likely to affect the unencrypted storage devices market.However, the entrance of encrypted storage devices is expected to give a hard hit to the normal storage market. Reduced price of encrypted storage devices has driven the increased adoption of such devices. The key manufacturers of these devices are Seagate, Toshiba, Samsung and SanDisk.
Government regulations
With increasing data security awareness, the adoption of encrypted storage devices is expected to grow in various industries. Healthcare industry would witness a tremendous growth in demand of encrypted hardware devices in the near future. However, it might be expected that over a period of time, stringent government regulations are likely to affect the hardware encryption market.
Growing number and complexity of data breaches & brute force attacks
Increasing number of data breaches and brute force attacks owing to burgeoning digitalization is one of the driving factors of hardware encryption. Brute force attacks are increasing at a rapid pace therefore, resulting in a strong need for encrypted devices. Most of the companies have started manufacturing encrypted keys/chips with algorithm of 128-bit symmetric key, 256-bit keys that has more security. It is expected that manufacturers would come up with higher algorithm bit keys and generate a higher demand for the same in applications such as healthcare, BFSI, military & aerospace and few others.
Lack of awareness
Lack of awareness and education regarding the importance of sensitive content in the form of digital data would negatively affect the growth of hardware encryption market. This is likely to have a serious bearing on the revenue generation and reputation of the company. However, over a period of time, one may expect the customers to realize the significance of encrypted devices.
Technological advancement on encryption chip
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. Moreover, encrypted chips with higher algorithm bits than 128 or 256-bit AES hardware encryption would further increase the sales of hardware-encrypted devices, which would ultimately boost the growth of the hardware encryption market in the future
Key Benefits
- The report provides an in-depth analysis of the hardware encryption market and offers current and future trends to identify lucrative investment pockets in the market
- The report identifies the key drivers, opportunities and restraints that shape the market and provides an impact analysis for the forecast period
- Porter’s five forces analysis highlights the potency of buyers and suppliers participating in this market. This would further offer a competitive advantage to stakeholders in making profitable business decisions; thus, helping them to strengthen their supplier and buyer networks
- Current and future trends are outlined to determine the overall attractiveness and highlight the profitable trends in order to gain a stronger foothold in the market
- Market estimation of geographic segments is derived from the current market scenario and expected market trends
Hardware Encryption Market Segmentation:
By Usage
- Storage device
- Hard disk drive
- USB flash drives
- Network
By Application
- Healthcare Sector
- Military & Aerospace Sector
- Automotive & Transportation Sector
- BFSI
- IT & Telecom
- Others (Retail, Education and Individual users)
By End User
- Industrial and commercial
- Residential
- Government Agencies
By Geography
- North America
- Europe
- Asia-Pacific
- LAMEA
Table of Contents
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Reasons for doing the study
1.3 Key benefits
1.4 Key market segmentation
1.5 Key audience
1.6 Research methodology
1.6.1 Secondary research
1.6.2 Primary research
1.6.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top factors impacting the hardware encryption market
3.2.2 Top winning strategies of hardware encryption market
3.2.3 Top investment pockets of hardware encryption market
3.3 Porters five forces
3.3.1 Bargaining power of the suppliers
3.3.2 Bargaining power of buyer
3.3.3 Threat of substitution
3.3.4 Threat of new entrant
3.3.5 Competitive rivalry in the market
3.4 Value chain analysis
3.6 Market share analysis, 2014
3.7 Market dynamics
3.7.1 Drivers
3.7.1.1 Growing number and complexity of data breaches
3.7.1.2 Increased compliance regulations
3.7.1.3 Reduced prices
3.7.2 Restraints
3.7.2.1 Lack of awareness
3.7.2.2 Limiting the use of encrypted devices in some countries
3.7.3 Opportunities
3.7.3.1 Technological advancement on encryption chip
CHAPTER 4 WORLD HARDWARE ENCRYPTION MARKET BY USAGE
4.1 Introduction
4.1.1 Market size and forecast
4.2 Storage device (hard disk drives and USB flash drives)
4.2.1 Key market trends
4.2.2 Competitive scenario
4.2.3 Key growth factors and opportunities
4.2.4 Market size and forecast
4.3 Network
4.3.1 Key market trends
4.3.2 Competitive scenario
4.3.3 Key growth factors and opportunities
4.3.4 Market size and forecast
CHAPTER 5 WORLD HARDWARE ENCRYPTION MARKET BY APPLICATION
5.1 Introduction
5.1.1 Market size and forecast
5.1.2 Healthcare sector
5.1.2.1 Market size and forecast
5.1.3 Military & aerospace sector
5.1.3.1 Market size and forecast
5.1.4 Automotive & transportation sector
5.1.4.1 Market size and forecast
5.1.5 BFSI
5.1.5.1 Market size and forecast
5.1.6 IT & Telecom
5.1.6.1 Market size and forecast
5.1.7 Others (retail, education and individual users)
5.1.7.1 Market size and forecast
CHAPTER 6 WORLD HARDWARE ENCRYPTION MARKET BY END USER
6.1 Introduction
6.1.1 Market size and forecast
6.1.2 Industrial/commercial
6.1.2.1 Market size and forecast
6.1.3 Residential
6.1.3.1 Market size and forecast
6.1.4 Government agencies
6.1.4.1 Market size and forecast
CHAPTER 7 WORLD HARDWARE ENCRYPTION MARKET BY GEOGRAPHY
7.1 Introduction
7.2 North America
7.2.1 Key market trends
7.2.2 Competitive scenario
7.2.3 Key growth factors and opportunities
7.2.4 Market size and forecast
7.3 Europe
7.3.1 Key market trends
7.3.2 Competitive scenario
7.3.3 Key growth factors and opportunities
7.3.4 Market size and forecast
7.4 Asia-Pacific
7.4.1 Key market trends
7.4.2 Competitive scenario
7.4.3 Key growth factors and opportunities
7.4.4 Market size and forecast
7.5 LAMEA
7.5.1 Key market trends
7.5.2 Competitive scenario
7.5.3 Key growth factors and opportunities
7.5.4 Market size and forecast
CHAPTER 8 COMPANY PROFILES
8.1 Kingston Technology Corporation Inc.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Strategic moves and developments
8.1.4 SWOT analysis & strategic conclusions
8.2 Certes Networks Inc.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Strategic moves and developments
8.2.4 SWOT analysis & strategic conclusions
8.3 Seagate Technology LLC
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Business performance
8.3.4 Strategic moves and developments
8.3.5 SWOT analysis & strategic conclusions
8.4 Toshiba Corporation
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Business performance
8.3.4 Strategic moves and developments
8.4.5 SWOT analysis & strategic conclusions
8.5 NetApp, Inc.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Business performance
8.5.4 Strategic moves and developments
8.5.5 SWOT analysis and strategic conclusion
8.6 Micron Technology, Inc.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Business performance
8.6.4 Strategic moves and developments
8.6.5 SWOT analysis and strategic conclusion
8.7 Samsung Electronics Co. Ltd.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Business performance
8.7.4 Strategic moves and developments
8.7.5 SWOT analysis and strategic conclusion
8.8 Imation Corp.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Business performance
8.8.4 Strategic moves and developments
8.8.5 SWOT analysis and strategic conclusion
8.9 SanDisk Corporation
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Business performance
8.9.4 Strategic moves and developments
8.9.5 SWOT analysis and strategic conclusion
8.10 Maxim Integrated Products, Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Business performance
8.10.4 Strategic moves and developments
8.10.5 SWOT analysis of maxim integrated products, Inc.
8.11 International Business Machines Corporation (IBM)
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Business performance
8.11.4 Strategic moves and developments
8.11.5 SWOT Analysis of IBM Corp.
List of Tables
TABLE 1 WORLD HARDWARE ENCRYPTION MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 2 WORLD HARDWARE ENCRPTION MARKET BY USAGE, 2014 - 2020 ($MILLION)
TABLE 3 HARD DISK DRIVES SHIPMENT, 2011-2014 ($MILLION)
TABLE 4 USB FLASH DRIVES SHIPMENT, 2010-2013 ($MILLION)
TABLE 5 WORLD HARDWARE STORAGE DEVICE (HARD DISK DRIVES & USB FLASH DRIVES) ENCRYPTION MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 6 WORLD HARDWARE NETWORK ENCRYPTION MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 7 WORLD HARDWARE ENCRPTION MARKET BY APPLICATION, 2014 - 2020 ($MILLION)
TABLE 8 HEALTHCARE SPENDING BY REGION ($MILLION)
TABLE 9 WORLD HARDWARE ENCRYPTION HEALTHCARE MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 10 MILITARY EXPENDITURE BY COUNTRY ($MILLION)
TABLE 11 WORLD HARDWARE ENCRYPTION MILITARY & AEROSPACE SECTOR MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 12 WORLD HARDWARE ENCRYPTION AUTOMOTIVE & TRANSPORTATION SECTOR MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 13 WORLD HARDWARE ENCRYPTION IT & TELECOM MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 14 WORLD HARDWARE ENCRYPTION BFSI MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 15 WORLD HARDWARE ENCRYPTION OTHERS (RETAIL, EDUCATION AND INDIVIDUAL USERS) MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 16 WORLD HARDWARE ENCRYPTION END USER MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 17 WORLD HARDWARE ENCYRPTION INDUSTRIAL/COMMERCIAL MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 18 WORLD HARDWARE ENCRYPTION RESIDENTIAL MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 19 WORLD HARDWARE ENCRYPTION GOVERNMENT AGENCIES MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 20 NORTH AMERICA HARDWARE ENCRYPTION MARKET BY USAGE, 2014 - 2020 ($MILLION)
TABLE 21 EUROPE HARDWARE ENCRYPTION MARKET BY USAGE, 2014 - 2020 ($MILLION)
TABLE 22 ASIA-PACIFIC HARDWARE ENCRYPTION MARKET BY USAGE, 2014 - 2020 ($MILLION)
TABLE 23 LAMEA HARDWARE ENCRYPTION MARKET BY USAGE, 2014 - 2020 ($MILLION)
TABLE 24 SNAPSHOT OF KINGSTON TECHNOLOGY CORPORATION
TABLE 25 SNAPSHOT OF CERTES NETWORKS INC.
TABLE 26 SNAPSHOT OF SEAGATE TECHNOLOGY LLC
TABLE 27 SNAPSHOT OF TOSHIBA CORPORATION
TABLE 28 SNAPSHOT OF NETAPP, INC.
TABLE 29 SNAPSHOT OF MICRON TECHNOLOGY, INC.
TABLE 30 SNAPSHOT OF SAMSUNG ELECTRONICS CO. LTD.
TABLE 31 SNAPSHOT OF IMATION CORP.
TABLE 32 SNAPSHOT OF SANDISK CORPORATION
TABLE 33 SNAPSHOT OF MAXIM INTEGRATED PRODUCTS, INC.
TABLE 34 SNAPSHOT OF IBM CORPORATION
List of Figures
FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES IN THE HARDWARE ENCRYPTION MARKET (2013-2015)
FIG. 3 TOP WINNING STRATEGIES (PERCENTAGE COMPARISON) (2013-2015)
FIG. 4 TOP INVESTMENT POCKETS
FIG. 5 PORTERS FIVE FORCES OF HARDWARE ENCRYPTION MARKET
FIG. 6 VALUE CHAIN ANALYSIS OF HARDWARE ENCRYPTION MARKET
FIG. 7 MARKET SHARE ANALYSIS OF HARDWARE ENCRYPTION MARKET, 2014
FIG. 8 GROWTH STAGE OF HARD DISK DIRIVES, USB FLASH DRIVES AND ENCRYPTED NETWORK
FIG. 9 HEALTHCARE R&D EXPENDITURE BY REGION (PERCENTAGE COMPARISION)
FIG. 10 WORLD VEHICLE PRODUCTION BY REGION (PERCENTAGE COMPARISION)
FIG. 11 REVENUE BY GEOGRAPHY (PERCENTAGE COMPARISION), 2014
FIG. 12 SWOT ANALYSIS OF KINGSTON TECHNOLOGY CORPORATION INC.
FIG. 13 SWOT ANALYSIS OF CERTES NETWORK INC.
FIG. 14 REVENUE OF SEAGATE TECHNOLOGY LLC, 2013 2015 ($MILLION)
FIG. 15 REVENUE OF SEAGATE TECHNOLOGY LLC BY GEOGRAPHY, 2015 (%)
FIG. 16 SWOT ANALYSIS OF SEAGATE TECHNOLOGY LLC
FIG. 17 NET SALES OF TOSHIBA CORPORATION, 2012 2014 ($MILLION)
FIG. 18 NET SALES OF TOSHIBA CORPORATION, BY OPERATING SEGMENTS, 2014 (%)
FIG. 19 NET SALES OF TOSHIBA CORPORATION, BY GEOGRAPHY, 2014 (%)
FIG. 20 SWOT ANALYSIS OF TOSHIBA CORPORATION
FIG. 21 REVENUE OF NETAPP, INC., 2013-2015 ($MILLION)
FIG. 22 REVENUE OF NETAPP, INC., BY GEOGRAPGY, 2015 (%)
FIG. 23 SWOT ANALYSIS OF NETAPP, INC.
FIG. 24 NET SALES OF MICRON TECHNOLOGY, INC., 2012 - 2014 ($MILLION)
FIG. 25 NET SALES OF MICRON TECHNOLOGY, INC. BY BUSINESS SEGMENT, 2014 (%)
FIG. 26 NET SALES E OF MICRON TECHNOLOGY, INC. BY GEOGRAPHY, 2014 (%)
FIG. 27 SWOT ANALYSIS OF MICRON TECHNOLOGY, INC.
FIG. 28 REVENUE OF SAMSUNG ELECTRONICS CO. LTD., 2012 - 2014 ($MILLION)
FIG. 29 SWOT ANALYSIS OF SAMSUNG ELECTRONICS CO. LTD.
FIG. 30 REVENUE OF IMATION CORP., 2012 - 2014 ($MILLION)
FIG. 31 REVENUE OF IMATION CORP. BY BUSINESS SEGMENT, 2014 (%)
FIG. 32 SWOT ANALYSIS OF IMATION CORP.
FIG. 33 REVENUE OF SANDISK CORPORATION, 2012 - 2014 ($MILLION)
FIG. 34 REVENUE OF SANDISK CORPORATION BY GEOGRAPHY, 2014 (%)
FIG. 35 SWOT ANALYSIS OF. SANDISK CORPORATION
FIG. 36 REVENUE OF MAXIM INTEGRATED PRODUCTS, INC, 2013-2015 ($MILLION)
FIG. 37 REVENUE OF MAXIM INTEGRATED PRODUCTS BY GEOGRAPHY, 2015 (%)
FIG. 38 SWOT ANALYSIS OF MAXIM INTEGRATED PRODUCTS, INC.
FIG. 39 REVENUE OF IBM CORPORATION, 2012 - 2014 ($MILLION)
FIG. 40 REVENUE OF IBM CORPORATION, BY BUSINESS SEGMENT, 2014 (%)
FIG. 41 REVENUE OF IBM CORPORATION, BY GEOGRAPHY, 2014 (%)
FIG. 42 SWOT ANALYSIS OF IBM CORPORATION
Hardware encryption is one of the widely used techniques to secure data. The need to secure electronic data is increasing with each passing day due to the concerning numbers of complex data breaches coupled with the increasing regulatory compliances and mandates, in turn supplementing the market growth. Hardware encryption is used to encrypt either storage devices through an external chip or self-encrypted drives; or securing the network through inline encryptors.
Hard disks/drives are the most widely encrypted storage devices, followed by USB flash drives. The user can either get the hard disk encrypted externally with the help of a chip or opt for hard disks with inbuilt encryption, also known as self-encrypting drives (SED). In addition to the mentioned storage devices, inline encryptors are used for securing the network. Hardware encryption market generates revenue from varied industries such as healthcare, BFSI, and Automotive amongst others as data security is an integral need of every sector be it to meet the regulations or sustain in the competitive environment. Presently, healthcare is the biggest revenue contributor due to the various government regulations with respect to the digital patient records, and the increasing adoption of BYOD trend. This sector mostly prefers hardware encryption over software encryption due to the ability of the former technique to store cryptographic key in a separate inaccessible portion of storage device, thus making it more secure than software encryption.
The Asia-Pacific region, over the years, has transformed into a dynamic hub for the manufacturing of digital storage devices owing to the availability of cheap labor and raw materials used in the manufacturing of encrypted chips. The forerunners in the market are engaged in the process of developing novel encrypted chips with advanced algorithms. Additionally, market players are also adopting acquisitions and partnerships as key development strategies to enhance their offerings in the market.
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