Global Hardware Encryption market to grow at a CAGR of 50.62 percent by 2019

Reportstack has announced a new market research report on the Global Hardware Encryption Market, which is expected to grow at a CAGR of 50.62 percent from 2014-2019.

About the Report

The report draws attention to mandated compliance with regulatory requirements as a key driver for market growth. Organizations deal with confidential data as varied as financial details, patient health records and military intelligence. To maintain the privacy of data, companies have to abide by different regulations, such as the Health Insurance Portability and Accountability Act in the healthcare sector.

“Many companies are opting for hardware encryption solutions to control data breaches and comply with regulations, which will be a trend observed in this market over the projected period,”.

The report also emphasizes the growing adoption of cloud-based encryption. A large amount of data is being stored in the cloud, which makes encryption necessary to secure this data from unauthorized access.

“Adoption of cloud-based encryption by SMEs is expected to increase in the coming years as it is cost-effective, scalable, flexible and can accommodate the needs of consumers,”.

To access full report with TOC, please visit Global Hardware Encryption Market 2015-2019.

Key Information Covered in the Report:

Market segmentation, size and forecast through 2019

Market Growth Drivers:

Compliance with Stringent Regulatory Requirements
For a full detailed list, view our report.

Market Challenges:

High TCO
For a full detailed list, view our report.

Market Trends:

Adoption of Cloud-based Encryption
For a full detailed list, view our report.

Key Vendors:

Micron Technology Inc.
Samsung Electronics Co. Ltd.
Seagate Technology LLC
Toshiba Corp.

Other Prominent Vendors:

Imation
Kanguru Solutions
Kingston Technology
Maxim Integrated Products

About Reportstack:

Reportstack  is one of the leading distributors of market research reports in the world today. We host more than 200,000 research products from the world's top publication houses. These publications are distributed amongst 12 top industry verticals and 62 sub verticals, which are then further classified into 257 business categories and 5000 micro markets. The vast selection criterion provides granular data from the length and breadth of all these industries delivering Reportstack  members with cutting edge research products to facilitate strategic business decisions.

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