Portland, NO, February 18, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the UShardware Encryption Market crushed at $ 28.08 billion in 2018, and is expected to hit $ 259.12 billion by 2026, showing a CAGR of 32.4% from 2019 to 2026. The report offers a broad analysis of changing market trends , winning strategies, major divisions, Five Porter Forces. , and the business performance of key market players.
There is an increase in consumer electronics such as smartphones and tablets, a decrease in the prices of hardware encryption devices, an increase in regulatory compliance regarding private & sensitive data protection, and an increase in the complexity & size of data breaches and attacks. brute force promotes the growth of hardware encryption. market. However, high capital investment and limited use of cryptocurrencies in the US are somewhat hampering growth. Nonetheless, the widespread adoption of Internet of Things (IoT) technology and cloud services and the advancement of technology in encryption chip is expected to bring a wide range of opportunities to market players in the near future.
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Covid-19- location
- The closure across different countries prompted companies to get work from home culture. This increased the need for organizations and individuals to focus on data protection, storage and access.
- Adopting unprecedented hardware encryption facilities has allowed governments around the world to quickly and securely address the distributed situation in a secure manner.
Get a detailed impact analysis of COVID-19 on the U.S. hardware encryption market: https://www.alliedmarketresearch.com/request-for-customization/6311
The U.S. hardware encryption market is segmented on the basis of algorithm & status, architecture, product, application, and end use. Based on application, the market is divided into consumer electronics, IT & telecom, automotive & transportation, aerospace & defense, healthcare, and others. The consumer electronics sector held the largest share with nearly a third of the market share in 2018.
Based on algorithm and status, the market is divided into Rivest, Shamir, and Adelman (RSA), Advanced Encryption Standard (AES), and others. The Rivest, Shamir, and Adelman (RSA) segment held the highest market share in 2018. On the other hand, the Advanced Encryption Rate (AES) segment is expected to show the highest CAGR in the allotted period. predict.
Based on end use, the market is segmented by industry, trade, residential and government. The commercial sector took control of the market with the highest revenue share in 2018. At the same time, CAGR’s business sector is expected to grow significantly over the expected period.
The key market players outlined in the report include Micron Technology, Inc., NetApp, Inc., Samsung Electronics Co., Ltd., Seagate Technology LLC, International Business Machinery Corporation (IBM ), Kingston Technology Company, Inc., McAfee, LLC, Symantec Corporation, Toshiba Corporation, and Western Digital Technologies, Inc.
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