Hardware Encryption Market Is Projected To Expand At A Healthy Growth Rate By 20Posted by Minakshi on February 3rd, 2021 Hard-drive encryption is a technology that encrypts the data stored on a hard drive using sophisticated mathematical functions. Its ease of use, consistent performance, and robust protection against numerous common and less sophisticated attacks offsets its high cost as compared to software-based encryption. Increasing complexity & volume of data breaches and reduced cost of encryption are major drivers boosting the growth of Hardware Encryption Market. The key growth drivers include growing concern for data privacy, data security issues, increasing number of cyber-attacks, stringent regulatory compliances, rising demand for BYOD devices at workplaces, benefits of hardware encryption over software encryption technology and rising digital trends. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/4857 Regional Analysis: In May 2017, RigNet, Inc. completed their acquisition of Cyphre Security Solutions that provides the most advanced enterprise data protection available in the market today. In 2016, the world leader in memory products Kingston Digital, Inc. acquired the USB technology and assets of IronKey™ from Imation Corp. Asia Pacific is anticipated to grow very fast during the forecasted period. The high growth of the market in this region can be attributed to the expansion of IT and telecommunication network in China, Thailand, Malaysia, South Korea, India, and other developing countries in APAC. In August 2017, Samsung Electronics announced the Samsung Portable SSD T5 – the newest portable solid state drive (PSSD) that raises the bar for the performance of external memory products. The T5, built with Samsung’s latest 64-layer V-NAND technology, delivers industry-leading transfer speeds with encrypted data security in a compact and durable design, making it easier than ever for consumers to access their most valuable data anywhere, at any time. Some of the key players in the market are Micron Technology Inc. (U.S.), Samsung Electronics (South Korea), Toshiba Corporation (Japan), Western Digital Corporation (U.S.), Seagate Technology PLC (Ireland), Kingston Technology Corp. (U.S.), Micron Technology Inc. (U.S.), Kanguru Solutions (U.S.), Maxim Integrated Products, Inc. (U.S.), NetApp (U.S.), WinMagic Inc. (U.S.), Thales e-security (U.S.).
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