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U.S. Hardware Encryption Market by Algorithm & Standard (Rivest, Shamir, and Adelman (RSA), Advanced Encryption Standard (AES), and Others), Architecture (Application-Specific Integrated Circuit (ASIC) and Field-Programmable Gate Array (FPGA)), Product (Hard Disk Drive (HDD), Solid State Drives (SSD), Universal Serial Bus (USB), and Inline Network Encryptor), Application (Consumer electronics, IT & Telecom , Automotive & Transportation, Aerospace & Defense, Healthcare, and Others), and End Use (Industrial, Commercial, Residential, and Government): Opportunity Analysis and Industry Forecast, 2019-2026

A05946
Pages: 183
Jan 2020 | 492 Views
 
Author(s) : Makarand Sinnarkar and Rachita Rake , Vineet Kumar
Tables: 79
Charts: 61
 

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U.S. Hardware Encryption Market Outlook: 2026

The U.S. hardware encryption market size was valued at $28.08 billion in 2018, and is projected to reach $259.12 billion by 2026, growing at a CAGR of 32.4% from 2019 to 2026.

US-Hardware-Encryption-Market-2019-2026

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Hardware encryption involves encoding of data or information into a form, which is accessible to only authorized users. Encoding of the hardware requires an encrypting algorithm that generates cipher text, which can be read only after decryption. Decoding this private data needs an authorized user to type in a key or a password. In hardware-based encryption process, both the encryption and decryption are carried out by individual processors. Encryption and decryption processes play an important role in preventing unauthorized access to sensitive or private data, hence the hardware encryption market is expected to grow at a high rate in the coming years. Hardware encryption helps the user to protect confidential data during transmission and storage. With the advancements in technology, leading U.S. hardware encryption market players are developing various hardware-encrypted solutions to cater to the increase in demand in the storage industry.

U.S. Hardware Encryption Market
By Algorithm and Standard Software

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RSA is projected as one of the most lucrative segments.

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High penetration of internet in the U.S., as well as continuous growth of online businesses in the country drive the market growth. There is an increase in the use of RSA Algorithm to secure the communication between e-commerce sites and web browsers as these online businesses deal with a lot of sensitive data of their customers. Furthermore, rise in adoption of AES algorithm in number of industries such as over-the-top (OTT) & entertainment businesses, educational institutions & eLearning businesses, corporate & government, and others provides numerous opportunities for the U.S. hardware encryption market. In order to avoid content piracy and unauthorized data leaks among several industries, the adoption of hardware encryption technology is expected to rise at a significant rate.

U.S. Hardware Encryption Market
By Architecture

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ASIC is projected as one of the most lucrative segments.

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The report focuses on the growth prospects, restraints, and U.S. hardware encryption market analysis. The study provides Porter’s five forces analysis of the hardware encryption industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the hardware encryption market trends.

U.S. Hardware Encryption Market
By Product

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HDD is projected as one of the most significant segments.

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Segment review

The U.S. hardware encryption market is segmented into algorithm & standard, architecture, product, application, and end use. Depending on algorithm and standard, the market is categorized into Rivest, Shamir, and Adelman (RSA), Advanced Encryption Standard (AES), and others. On the basis of architecture, it is classified into Application-Specific Integrated Circuit (ASIC) and Field-Programmable Gate Array (FPGA). The product segment includes Hard Disk Drive (HDD), Solid State Drives (SSD), Universal Serial Bus (USB), and incline network encryptor. By application, the U.S. hardware encryption market is categorized into consumer electronics, IT & telecom, automotive & transportation, aerospace & defense, healthcare, and others. The end use segment is classified into industrial, commercial, residential, and government.

U.S. Hardware Encryption Market
By Application

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Consumer Electronics is projected as one of the most significant segments.

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The key players profiled in the hardware encryption market forecast includes International Business Machines (IBM) Corporation, Kingston Technology Company, Inc., McAfee, LLC, Micron Technology, Inc., NetApp, Samsung Electronics Co., Ltd., Seagate Technology LLC, Symantec Corporation, Toshiba Corporation, and Western Digital Technologies, Inc.

U.S. Hardware Encryption Market
By End Use

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Commercial is projected as one of the most significant segments.

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Top impacting factors

The growth of the U.S. hardware encryption market is impacted by a number of factors such as increase in regulatory compliances regarding protection of private & sensitive data, declining prices of hardware encryption devices, growth of the consumer electronics such as smartphones & tablets, and rise in complexity & volume of data breaches and brute force attacks. In addition, widespread adoption of Internet of Things (IoT) technology & cloud services and ongoing technological advancement in encryption chip positively influence the market growth.

Growth of the consumer electronics such as smartphones and tablets

The U.S. hardware encryption market for consumer electronics is anticipated to hold the largest share during the forecast period, which is attributed to the rise in the demand for hardware encryption in consumer electronics products such as smartphones, laptop, and tablets, and also because of growing concern for data security in these devices. Increased demand for consumer electronic products such as smartphones, PCs, and laptops, has helped market players to sustain their business.

Increase in complexity & volume of data breaches and brute force attacks

Increase in number of data breaches and brute force attacks owing to rise in 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. Manufacturers are expected to come up with higher algorithm bit keys and generate a higher demand for the same in applications such as healthcare, BFSI, military & aerospace, and others.

Key Benefits for Stakeholders

  • This study includes the hardware encryption market opportunity, analysis, trends, and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities of the hardware encryption industry.
  • The hardware encryption market share is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the hardware encryption market.

Key Market Segments

By Algorithm & Standard

  • Rivest, Shamir, and Adelman (RSA)
  • Advanced Encryption Standard (AES)
  • Others

By Architecture

  • Application-Specific Integrated Circuit (ASIC)
  • Field-Programmable Gate Array (FPGA)

By Product

  • Hard Disk Drive (HDD)
    • External HDD
    • Internal HDD
  • Solid State Drives (SSD)
  • Universal Serial Bus (USB)
    • Up to 4GB
    • 5GB to 16GB
    • 17GB to 64GB
    • 65GB and above
  • Inline Network Encryptor

By Application

  • Consumer electronics
  • IT & Telecom 
  • Automotive & Transportation
  • Aerospace and Defense
  • Healthcare 
  • Others

By End Use

  • Industrial
  • Commercial
  • Residential
  • Government

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • Germany
    • France
    • UK
    • Rest of Europe
  • Asia-Pacific 
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America 
    • Middle East
    • Africa

Key Market Players

  • International Business Machines (IBM) Corporation
  • Kingston Technology Company, Inc.
  • McAfee, LLC
  • Micron Technology, Inc.
  • NetApp
  • Samsung Electronics Co., Ltd.
  • Seagate Technology LLC
  • Symantec Corporation
  • Toshiba Corporation
  • Western Digital Technologies, Inc.
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Research methodology

1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings

2.1.1. Top impacting factors
2.1.2. Top investment pockets

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Porter's five forces analysis
3.3. Market dynamics

3.3.1. Drivers

3.3.1.1. Increase in regulatory compliances regarding protection of private & sensitive data
3.3.1.2. Decline in prices of hardware encryption devices
3.3.1.3. Growth of the consumer electronics such as smartphones and tablets
3.3.1.4. Increase in complexity & volume of data breaches and brute force attacks

3.3.2. Restraints

3.3.2.1. High capital investment
3.3.2.2. Limiting the use of encrypted devices in the U.S.

3.3.3. Opportunities

3.3.3.1. Widespread adoption of Internet of Things (IoT) technology and cloud services
3.3.3.2. Ongoing technological advancement in encryption chip

3.4. Case studies

3.4.1. Case study 01
3.4.2. Case study 02

3.5. Impact of government regulations on the U.S. hardware encryption market

CHAPTER 4: U.S. HARDWARE ENCRYPTION MARKET, BY ALGORITHM AND STANDARD

4.1. Overview
4.2. RSA

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. AES

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. Other

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

CHAPTER 5: U.S. HARDWARE ENCRYPTION MARKET, BY ARCHITECTURE

5.1. Overview
5.2. ASIC

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. FPGA

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

CHAPTER 6: U.S. HARDWARE ENCRYPTION MARKET, BY PRODUCT

6.1. Overview
6.2. Hard disk drive (HDD)

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast

6.2.2.1. External hard disk drive
6.2.2.2. Internal hard disk drive

6.3. Solid state drive (SSD)

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast

6.4. USB flash drive

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast

6.4.2.1. Up to 4GB
6.4.2.2. 5GB to 16GB
6.4.2.3. 17GB to 64GB
6.4.2.4. 65GB and above

6.5. Inline network encryptors (INE)

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast

CHAPTER 7: U.S. HARDWARE ENCRYPTION MARKET, BY APPLICATION

7.1. Overview
7.2. Consumer electronics

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast

7.3. IT and telecom

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast

7.4. Automotive and transportation

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast

7.5. Aerospace & defense

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast

7.6. Healthcare

7.6.1. Key market trends, growth factors, and opportunities
7.6.2. Market size and forecast

7.7. Others

7.7.1. Key market trends, growth factors, and opportunities
7.7.2. Market size and forecast

CHAPTER 8: U.S. HARDWARE ENCRYPTION MARKET, BY END USE

8.1. Overview
8.2. Industrial

8.2.1. Key market trends, growth factors, and opportunities
8.2.2. Market size and forecast

8.3. Commercial

8.3.1. Key market trends, growth factors, and opportunities
8.3.2. Market size and forecast

8.4. Residential

8.4.1. Key market trends, growth factors, and opportunities
8.4.2. Market size and forecast

8.5. Government

8.5.1. Key market trends, growth factors, and opportunities
8.5.2. Market size and forecast

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Market share analysis
9.2. Competitive dashboard
9.3. Top winning strategies
9.4. Key developments

9.4.1. New product launches
9.4.2. Partnership
9.4.3. Collaboration
9.4.4. Acquisition
9.4.5. Product development

CHAPTER 10: COMPANY PROFILES

10.1. INTERNATIONAL BUSINESS MACHINES CORPORATION

10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. R&D Expenditure
10.1.7. Business performance
10.1.8. Key strategic moves and developments

10.2. KINGSTON TECHNOLOGY COMPANY, INC.

10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Product portfolio
10.2.5. Key strategic moves and developments

10.3. MCAFEE, LLC.

10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Product portfolio

10.4. MICRON TECHNOLOGY, INC.

10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. R&D Expenditure
10.4.7. Business performance
10.4.8. Key strategic moves and developments

10.5. NETAPP

10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Product portfolio
10.5.5. R&D Expenditure
10.5.6. Business performance
10.5.7. Key strategic moves and developments

10.6. SAMSUNG ELECTRONICS CO., LTD.

10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. R&D Expenditure
10.6.7. Business performance
10.6.8. Key strategic moves and developments

10.7. SEAGATE TECHNOLOGY LLC

10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Product portfolio
10.7.5. Business performance
10.7.6. Key strategic moves and developments

10.8. SYMANTEC CORPORATION

10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.8.6. R&D Expenditure
10.8.7. Business performance
10.8.8. Key strategic moves and developments

10.9. TOSHIBA CORPORATION

10.9.1. Company overview
10.9.2. Company snapshot
10.9.3. Operating business segments
10.9.4. Product portfolio
10.9.5. R&D Expenditure
10.9.6. Business performance

10.10. WESTERN DIGITAL TECHNOLOGIES, INC.

10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Product portfolio
10.10.5. R&D Expenditure
10.10.6. Business performance
10.10.7. Key strategic moves and developments

LIST OF TABLES

TABLE 01. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY ALGORITHM AND STANDARD, 2014-2017 ($BILLION)
TABLE 02. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY ALGORITHM AND STANDARD, 2018–2026 ($BILLION)
TABLE 03. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR RSA, 2018–2026 ($BILLION)
TABLE 04. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR AES, 2018–2026 ($BILLION)
TABLE 05. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR OTHER, 2018–2026 ($BILLION)
TABLE 06. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY ARCHITECTURE, 2014-2017 ($BILLION)
TABLE 07. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY ARCHITECTURE, 2018–2026 ($BILLION)
TABLE 08. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR ASIC, 2018–2026 ($BILLION)
TABLE 09. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR FPGA, 2018–2026 ($BILLION)
TABLE 10. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY PRODUCT, 2014-2017 ($BILLION)
TABLE 11. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY PRODUCT, 2018–2026 ($BILLION)
TABLE 12. U.S. HARDWARE ENCRYPTION MARKET VOLUME, BY PRODUCT, 2014-2017 (MILLION UNITS)
TABLE 13. U.S. HARDWARE ENCRYPTION MARKET VOLUME, BY PRODUCT, 2018–2026 (MILLION UNITS)
TABLE 14. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR HDD, 2018–2026 ($BILLION)
TABLE 15. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR HDD, BY TYPE, 2014-2017 ($BILLION)
TABLE 16. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR HDD, BY TYPE, 2018–2026 ($BILLION)
TABLE 17. U.S. HARDWARE ENCRYPTION MARKET VOLUME FOR HDD, BY TYPE ,2014-2017, (MILLION UNITS)
TABLE 18. U.S. HARDWARE ENCRYPTION MARKET VOLUME FOR HDD, BY TYPE ,2018-2026, (MILLION UNITS)
TABLE 19. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR SDD, 2018–2026 ($BILLION)
TABLE 20. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR USB FLASH DRIVE, 2018–2026 ($BILLION)
TABLE 21. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR USB FLASH DRIVE, BY SIZE, 2014-2017 ($BILLION)
TABLE 22. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR USB FLASH DRIVE, BY SIZE, 2018–2026 ($BILLION)
TABLE 23. U.S. HARDWARE ENCRYPTION MARKET VOLUME FOR USB FLASH DRIVE, BY SIZE, 2014-2017 (MILLION UNITS)
TABLE 24. U.S. HARDWARE ENCRYPTION MARKET VOLUME FOR USB FLASH DRIVE, BY SIZE, 2018-2026 (MILLION UNITS)
TABLE 25. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR INLINE NETWORK ENCRYPTORS, 2018–2026 ($BILLION)
TABLE 26. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY APPLICATION, 2014-2017 ($BILLION)
TABLE 27. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY APPLICATION, 2018–2026 ($BILLION)
TABLE 28. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR CONSUMER ELECTRONICS, 2018–2026 ($BILLION)
TABLE 29. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR IT AND TELECOM, 2018–2026 ($BILLION)
TABLE 30. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR AUTOMOTIVE AND TRANSPORTATION, 2018–2026 ($BILLION)
TABLE 31. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR AEROSPACE AND DEFENSE, 2018–2026 ($BILLION)
TABLE 32. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR HEALTHCARE, 2018–2026 ($BILLION)
TABLE 33. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR OTHERS, 2018–2026 ($BILLION)
TABLE 34. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY END USE, 2014-2017 ($BILLION)
TABLE 35. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY END USE, 2018–2026 ($BILLION)
TABLE 36. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR INDUSTRIAL, 2018–2026 ($BILLION)
TABLE 37. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR COMMERCIAL, 2018–2026 ($BILLION)
TABLE 38. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR RESIDENTIAL, 2018–2026 ($BILLION)
TABLE 39. U.S. HARDWARE ENCRYPTION MARKET REVENUE FOR GOVERNMENT, 2018–2026 ($BILLION)
TABLE 40. KEY NEW PRODUCT LAUNCHES (2016-2019)
TABLE 41. PARTNERSHIP (2016-2019)
TABLE 42. COLLABORATION (2016-2019)
TABLE 43. ACQUISITION (2016-2019)
TABLE 44. PRODUCT DEVELOPMENT (2016-2019)
TABLE 45. INTERNATIONAL BUSINESS MACHINES CORPORATION: KEY EXECUTIVES
TABLE 46. INTERNATIONAL BUSINESS MACHINES CORPORATION: COMPANY SNAPSHOT
TABLE 47. INTERNATIONAL BUSINESS MACHINES CORPORATION: OPERATING SEGMENTS
TABLE 48. INTERNATIONAL BUSINESS MACHINES CORPORATION: PRODUCT PORTFOLIO
TABLE 49. KINGSTON TECHNOLOGY COMPANY, INC.: KEY EXECUTIVES
TABLE 50. KINGSTON TECHNOLOGY COMPANY, INC.: COMPANY SNAPSHOT
TABLE 51. KINGSTON TECHNOLOGY COMPANY, INC.: PRODUCT PORTFOLIO
TABLE 52. MCAFEE, LLC.: KEY EXECUTIVES
TABLE 53. MCAFEE, LLC.: COMPANY SNAPSHOT
TABLE 54. MCAFEE, LLC.: PRODUCT PORTFOLIO
TABLE 55. MICRON TECHNOLOGY, INC.: KEY EXECUTIVES
TABLE 56. MICRON TECHNOLOGY, INC.: COMPANY SNAPSHOT
TABLE 57. MICRON TECHNOLOGY, INC.: OPERATING SEGMENTS
TABLE 58. MICRON TECHNOLOGY, INC.: PRODUCT PORTFOLIO
TABLE 59. NETAPP: KEY EXECUTIVES
TABLE 60. NETAPP: COMPANY SNAPSHOT
TABLE 61. NETAPP: PRODUCT PORTFOLIO
TABLE 62. SAMSUNG ELECTRONICS CO., LTD.: KEY EXECUTIVES
TABLE 63. SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
TABLE 64. SAMSUNG ELECTRONICS CO., LTD.: OPERATING SEGMENTS
TABLE 65. SAMSUNG ELECTRONICS CO., LTD.: PRODUCT PORTFOLIO
TABLE 66. SEAGATE TECHNOLOGY LLC: KEY EXECUTIVES
TABLE 67. SEAGATE TECHNOLOGY LLC: COMPANY SNAPSHOT
TABLE 68. SEAGATE TECHNOLOGY LLC: PRODUCT PORTFOLIO
TABLE 69. SYMANTEC CORPORATION: KEY EXECUTIVES
TABLE 70. SYMANTEC CORPORATION: COMPANY SNAPSHOT
TABLE 71. SYMANTEC CORPORATION: OPERATING SEGMENTS
TABLE 72. SYMANTEC CORPORATION: PRODUCT PORTFOLIO
TABLE 73. TOSHIBA CORPORATION: KEY EXECUTIVES
TABLE 74. TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 75. SYMANTEC CORPORATION: OPERATING SEGMENTS
TABLE 76. TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 77. WESTERN DIGITAL TECHNOLOGIES, INC.: KEY EXECUTIVES
TABLE 78. WESTERN DIGITAL TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 79. WESTERN DIGITAL TECHNOLOGIES, INC.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. U.S. HARDWARE ENCRYPTION MARKET, 2019–2026
FIGURE 02. U.S. HARDWARE ENCRYPTION MARKET, 2019–2026
FIGURE 03. TOP IMPACTING FACTOR
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. U.S. HARDWARE ENCRYPTION MARKET SEGMENTATION
FIGURE 06. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07. HIGH BARGAINING POWER OF BUYERS
FIGURE 08. MODERATE THREAT OF SUBSTITUTES
FIGURE 09. LOW-TO-MODERATE THREAT OF NEW ENTRANTS
FIGURE 10. HIGH COMPETITIVE RIVALRY
FIGURE 11. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 12. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY ALGORITHM & STANDARD, 2018–2026 ($BILLION)
FIGURE 13. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY ARCHITECTURE, 2018–2026 ($BILLION)
FIGURE 14. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY PRODUCT, 2018–2026 ($BILLION)
FIGURE 15. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY APPLICATION, 2018–2026 ($BILLION)
FIGURE 16. U.S. HARDWARE ENCRYPTION MARKET REVENUE, BY END USE, 2018–2026 ($BILLION)
FIGURE 17. U.S. HARDWARE ENCRYPTION MARKET: MARKET SHARE ANALYSIS, 2018
FIGURE 18. COMPETITIVE DASHBOARD
FIGURE 19. COMPETITIVE DASHBOARD
FIGURE 20. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 21. TOP WINNING STRATEGIES, BY YEAR, 2016-2019
FIGURE 22. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016-2019
FIGURE 23. TOP WINNING STRATEGIES, BY COMPANY, 2016-2019
FIGURE 24. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 25. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 26. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 27. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 28. KINGSTON TECHNOLOGY COMPANY, INC.: U.S. QUARTERLY HARDWARE ENCRYPTION REVENUE,  2018 ($MILLION)
FIGURE 29. KINGSTON TECHNOLOGY COMPANY, INC.: QUARTERLY HARDWARE ENCRYPTED PRODUCTS SALES,  2018 (MILLION UNITS)
FIGURE 30. R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 31. MICRON TECHNOLOGY, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 32. MICRON TECHNOLOGY, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 33. MICRON TECHNOLOGY, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 34. MICRON TECHNOLOGY, INC.: U.S. QUARTERLY HARDWARE ENCRYPTION REVENUE, 2018 ($MILLION)
FIGURE 35. MICRON TECHNOLOGY, INC.: U.S. QUARTERLY HARDWARE ENCRYPTED SSD SALES, 2018 (MILLION UNITS)
FIGURE 36. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 37. NETAPP: REVENUE, 2016–2018 ($MILLION)
FIGURE 38. NETAPP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 39. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 40. SAMSUNG ELECTRONICS CO., LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 41. SAMSUNG ELECTRONICS CO., LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 42. SAMSUNG ELECTRONICS CO., LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 43. SAMSUNG ELECTRONICS CO., LTD.: U.S. QUARTERLY HARDWARE ENCRYPTION REVENUE, 2018 ($MILLION)
FIGURE 44. SAMSUNG ELECTRONICS CO., LTD.: U.S. QUARTERLY HARDWARE ENCRYPTION PRODUCT SALES,  2018 (MILLION UNITS)
FIGURE 45. SEAGATE TECHNOLOGY LLC: REVENUE, 2017–2019 ($MILLION)
FIGURE 46. SEAGATE TECHNOLOGY LLC: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 47. SEAGATE TECHNOLOGY LLC: U.S. QUARTERLY HARDWARE ENCRYPTION REVENUE, 2018 ($MILLION)
FIGURE 48. SEAGATE TECHNOLOGY LLC: U.S. QUARTERLY HARDWARE ENCRYPTION PRODUCT SALES, 2018 (MILLION UNITS)
FIGURE 49. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 50. SYMANTEC CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 51. SYMANTEC CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 52. SYMANTEC CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 53. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 54. TOSHIBA CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 55. TOSHIBA CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 56. TOSHIBA CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 57. R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 58. WESTERN DIGITAL TECHNOLOGIES, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 59. WESTERN DIGITAL TECHNOLOGIES, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 60. WESTERN DIGITAL TECHNOLOGIES, INC.: U.S. QUARTERLY HARDWARE ENCRYPTION REVENUE, 2018 ($MILLION)
FIGURE 61. WESTERN DIGITAL TECHNOLOGIES, INC.: U.S. QUARTERLY HARDWARE ENCRYPTION PRODUCT SALES,  2018 (MILLION UNITS)

 
 

According to the insights of CXOs of leading companies, the adoption of hardware encryption has increased for protecting sensitive data on portable devices such as USB flash drives, laptops, and others. Numerous benefits provided by hardware encryption technology such as consistent performance, ease of use, and robust protection against less and common sophisticated attacks offsets its cost higher than the software-based encryption. For instance, any brute-force attacks by hackers to gain access to hardware encrypted chips can be easily thwarted with the help of this.

Furthermore, Advanced Encryption Standard (AES) which is a specification standard by the National Institute of Standards and Technology (NIST) is gaining importance for data security in both the hardware and software encryption methods. The cryptographic module is rapidly gaining adoption among number of industries such as healthcare, government, military, and financial organizations in the U.S. Moreover, advanced encryption standard has become popular algorithm adopted in symmetric key cryptography by number of governmental agencies in the U.S. The use of AES in longer cryptographic keys offers easy implementation and can be used in restricted environments such as smart cards.

The U.S. hardware encryption market is consolidated and competitive, owing to the presence of well-diversified regional and international vendors. Prominent strategies such as product launch, acquisition and others are adopted by leading companies in an effort to expand their product offerings. The prominent players such as, Seagate Technology LLC, Toshiba Corporation, IBM, and few others are analyzed in the report in an effort to gain an insight into their winning strategies

 

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FREQUENTLY ASKED QUESTIONS?
 

A. Market size is projected to reach USD 259.12 billion by 2026

A. The key market players operating in the market are International Business Machines (IBM) Corporation, Kingston Technology Company, Inc., McAfee, LLC, Micron Technology, Inc., NetApp, Samsung Electronics Co., Ltd., Seagate Technology LLC, Symantec Corporation, Toshiba Corporation, and Western Digital Technologies, Inc.

A. To get latest version of U.S. hardware encryption market report

A. Cybersecurity, IT asset security, Data security, Sensative information Security, Patent Security

A. The consumer electronics segment of Application is expected to drive the market growth

A. On the basis of top growing big corporation we select top 10 players.

A. Product extensions, mergers and acquisitions, collaboration and geogrpahical expansion are some of the major strategies adopted by leading vendors

A. Majority of the companies operating in the market are investing on R&D practices

A. Technological innovations, product extensions, partnership, mergers and acquisitions and geogrpahical expansion are some of the major growth strategies adopted by leading vendors

A. Market is expected to grow at CAGR of 32.4% from 2019 to 2026.

 

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