The North American hardware encryption display market is expected to reach $57,116.8 million by 2018 - New Report by MicroMarket Monitor

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The Hardware Encryption market in North America is driven by the technological innovations in the field of data security

MicroMarket Monitor

MicroMarket Monitor

Key Players in the North American hardware encryption display market are Seagate technology plc, Western digital corp., Toshiba Corporation and SAMSUNG ELECTRONICS CO LTD.

The North American hardware encryption display market report defines and segments the concerned market in North America with analysis and forecast of revenue. This market was valued $4,862.8 million in 2013, and is expected to reach $57,116.8 million by 2018, at a CAGR of 63.7% from 2013 to 2018.

Browse through the TOC of the North American hardware encryption market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.

Currently, the smartphones and tablets are the most widely used consumer electronics products, which have surpassed computer/desktop web users. Thus, it has become one of the emerging markets for hardware encryption. The hardware encryption enabled on smartphones and tablets are majorly devoid of any storage components, thus it cannot be considered as a separate product. Most enterprise-edition smartphones and tablets have a hardware encryption chip set in them, which does the encryption and decryption processes. The main strategy of the market leaders in the hardware encryption industry is to provide complete solution to protect data, which is not only limited to one product line, but is also solutions for management all sorts of devices that can store data, such as flash drives, smartphones, and tablets.

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North America is the potential market for hardware encryption as it accounted for nearly 33% of the global hardware encryption market share in 2013. The technological innovations in the field of data security solutions have led to decreasing average costs of hardware encrypted products. The resultant cost differences between hardware and non-hardware encrypted products are expected to drive the concerned market in the region. The major countries contributing to the North American hardware encryption market are the U.S., Canada, and Mexico. The U.S. dominates the market, due to the top players, such as Seagate Technology Plc (U.S.) and Imitation Corporation (U.S.), who have collaborated with encryption software providers, encrypted USB flash drive players, and hardware encryption chip set manufacturers in this region.

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This market is segmented and forecast based on applications, products, and end-users. The market in terms of application comprises automotive, consumer electronics, emerging & next gen applications, medical, military, and networking/communication solutions. On the basis of products, the market is segmented into flash drive, hard disk drives, and in line encryptors. The market is further segmented and forecast based on end-users, covering building/infrastructure, consumer & commercial, industrial manufacturing, and other end-users.

This report includes market share and value chain analysis, along with market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.

Related Reports :

Europe Hardware Encryption Market

Hardware Encryption-Europe can be segmented by Applications, Products, Architectures, Endusers, Companies and MacroIndicators. Applications of this market are Consumer Electronics, Automotive, Networking/Communication Solutions, Military, Medical and Emerging & Next Gen applications. Products of this market are Hard disk drives, In line encryptors and Flash drive. Architectures of this market are Application Specific ICs (ASIC) and Field Programmable Gate Array (FPGA). End users of this market are Industrial Manufacturing, Consumer & Commercial, Building/Infrastructure and Other End users. Companies of this market are Seagate technology plc, Western digital corp., Toshiba Corporation, SAMSUNG ELECTRONICS CO LTD and MICRON TECHNOLOGY INC. Macro Indicators of this market are R&D Expenditure.

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