Hardware encryption is a fundamental technology in the information sector. It is a specific technology that can encrypt the hardware data through high-end mathematical practices. Additionally, hardware encryption is a process that provides security of information. It involves encoding of data/information into a defined form, which is accessible to only allowed users. Encoding of hardware requires an encrypting-algorithm that generates the cipher text that can be read only after decryption. Decoding this private data requires an authorized user to type in a key or password. In hardware-based encryption technology, both the encryption and decryption is mainly carried-out by individual processors. Encryption & decryption process plays a vital role in preventing the unauthorized access to sensitive or private data. Hardware encryption helps the users to protect confidential/private data during the transmission & storage.
Referring to study, “Global Hardware Encryption Market Status (2015-2019)
and Forecast (2020-2024) by Region, Product Type & End-Use”
some of the key players operating in the global hardware encryption market
include Gemalto NV., Western Digital Corp., Kanguru Solutions, Thales
(E-Security), Micron Technology, Winmagic, Samsung Electronics Co., Netapp,
Maxim Integrated Products, Toshiba, Seagate Technology and among others.
Rise in concern over data security & privacy, followed by
expansion of digital content, growth in requirement for regulatory compliances
and significant advantage over software encryption technology are some major
factors, which are responsible for growth of the hardware encryption market.
Apart from this, rise in awareness about hardware encryption technology and
deficiency in buyer responsiveness are major challenges for global market.
Moreover, extensive acceptance of cloud services is a leading opportunity for
market.
By geography, the North-America region dominates the global hardware encryption market
because of rise in need for data security in several sectors and increase in
number of hardware encryption manufacturers across the region. The Europe and
Asia-Pacific regions are anticipated to exhibit substantial growth rate owing
to rise in household income and high-density population over the forecast
period. It is estimated that global hardware encryption market will be reached
at rapid pace on account of growth in IoT technology and rapid growth in the
middle-class population during the forecast period.
For More Information, refer to
below link:-
Global
Hardware Encryption Market
Contact
Us:-
Ken
Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
No comments:
Post a Comment