Concise Analysis of the International Hardware Encryption Market - Forecasts to 2018

News provided by

Research and Markets

Mar 04, 2014, 09:16 ET

DUBLIN, Mar. 04, 2014 /PRNewswire/ --

Research and Markets

(

http://www.researchandmarkets.com/research/rd7227/hardware

) has announced the addition of the

"Concise Analysis of the International Hardware Encryption Market - Forecasts to 2018"

report to their offering.

(Logo:http://photos.prnewswire.com/prnh/20130307/600769)

Hardware encryption takes the data to be protected and encrypts it in a specific hardware component, which is separated from the user's device. The encryption uses an internal key which never leaves the hardware-encrypted device and thus it is very secure. Software encryption on the other hand makes use of security software installed on the user's device and takes the key as well as the data to be encrypted as inputs. Thus by isolating the encrypting components in a sub-system, hardware-based encryption provides better protection from rootkits and malware. In addition to this, as encryption takes place in a separate hardware component, the overall device performance is much faster than when software-based encryption is used.

In the last decade, the average cost of a data breach for companies and other organizations has almost continuously increased. This has lead to the gradual rise of hardware encryption as a solution to counter these data breaches. Since hardware encryption is highly secure, data loss is prevented even if a device is stolen. Government mandates and regulations which support the use of hardware encrypted products by companies and enterprises have come up in many countries around the world. This has pushed the market for hardware encrypted products forward. It is expected that by 2018, a high percentage of all storage devices will be hardware encrypted, since the cost of enabling hardware encryption capability in a traditional storage device are coming down.

Consumer electronics and Military, Defense & Aerospace (MDA) are the major applications for hardware encrypted products. However, since storage devices are inevitably used in almost all application sectors, the total addressable market (TAM) for hardware encrypted devices is very significant.

This report describes the market trends, drivers, and challenges of the hardware encryption market and forecasts the market till 2018, based on applications, verticals, products, and geography. It covers geographies like the North America, Europe, APAC, and ROW (Rest of the World). To get an in-depth perception of the market's ebb and flow over the forecast period, this section includes the porter's analysis of the hardware encryption market for the years 2013, 2015 and 2017. Thus the trends shown by the forces affecting market have been tracked for the forecast period.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Industry Characteristics

5 Market Analysis

6 Market In Smartphone And Tablet Applications

7 Market By Encryption Algorithms & Architectures

8 Market By Products

9 Market By Application

10 Market By Verticals

11 Market By Geography

12 Competitive Landscape

13 Company Profiles Overview, Products And Services, Financials, Strategy & Development)*