Market Overview:Hardware encryption is known as a technology that helps encrypt the stored data in the hard drive by using various sophisticated mathematical functioning. It boasts consistent performance, easy to use, and provides robust protection against a number of common and less complex attacks. It is reported that growing level of complexity and data breach volumes and low cost of encryption are the major drivers boosting the growth of the global market. Some of the other key factors identified as the growth drivers of the global Hardware-based encryption Market include increasing concern for data security issues, data privacy, strict regulatory compliances, growing cyber-attacks and threats, increasing trend for BYOD at workplaces, its benefits over software encryption technology, and booming digital trends.
Regional Analysis:
The global Hardware-based encryption Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
North American regional market leads the global Hardware-based encryption Market with the highest share percentage. The region is further expected to continue leading the global market standings over the forecast period. One of the biggest factors driving the North American market is the presence of various leading and established hardware encryption manufacturing companies. The companies present herein are trying to make a mark by developing new and innovative products and investing in research and development activities to stay ahead of their immediate competition.
Elsewhere, The Asia Pacific [FURL=https://www.marketresearchfuture.com/reports/hardware-encryption-market-4857]Hardware-based encryption Market[/FURL] is expected to grow at a rapid pace over the forecast period to maintain its second position in the global landscape. One of the biggest factors influencing a positive growth and expansion of the Asia Pacific market is the booming IT and telecommunication network in China, India, Thailand, Malaysia, South Korea, and other developing nations herein.
Competitive Landscape:
The global Hardware-based encryption Market comprises a host of key players. This includes names like Seagate Technology PLC (Ireland), Samsung Electronics (South Korea), Kanguru Solutions (U.S.), Toshiba Corporation (Japan), NetApp (U.S.), Micron Technology Inc. (U.S.), WinMagic Inc. (U.S.), Western Digital Corporation (U.S.), Micron Technology Inc. (U.S.), Kingston Technology Corp. (U.S.), Maxim Integrated Products, Inc. (U.S.), Thales e-security (U.S.)
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