Know More About Encryption Devices

by Global Market Research Analyst

Data of any kind can be kept secret through a process known as encryption, descrambling, or changing of the message to hide the original text and decryption is the process of unscrambling that message to make it readable. Encrypting confidential data on laptops and mobile devices is critical when storing and accessing it. The covid pandemic and the introduction of remote work have significantly increased the chances of corporate espionage. According to the database, about two-thirds of all enterprises open over 1000 confidential files per employee, so encryption devices need to be integrated into the enterprise.

How encryption works?

Encryption is an extremely important tool to keep your data safe. There are two types of encryption: software-based and hardware-based. Software-based encryption uses tools and algorithms to encrypt the data. Whereas hardware-based encryption devices use separate processors dedicated to the task of authentication and encryption. Because the encryption process is kept separate from the rest of the machine, hardware encryption is thought to be safer than software encryption. This makes it much more difficult to intercept or break. Also, it is much faster compared to software-based encryption.

The encryption device is physically located on the encrypted drive and often produces an encryption key that can be unlocked with the user’s password. Encryption devices are used in various industries such as banking, enterprises, IT and telecommunication, and healthcare to protect data from threats such as cold starts, malicious code, and brute force attacks. As technology advances, major market players are developing a variety of hardware encryption devices to meet the growing demands of the storage industry, which offers opportunities for a profitable hardware encryption devices market.


Encryption Device Market

As more smartphones, laptops, and computers are assembled with hardware-enabled devices, the supply function has aided in the growth of hardware encryption. Many electronic devices are now required to use encryption to store confidential data, increasing consumer electronics applications. Innovation leads to new product development and market changes. All of these factors will drive the Hardware Encryption Industry forward. Increased investments in hardware encryption are another factor that offers numerous opportunities for market growth.

Expansion of IT and telecommunication services in the Asia Pacific market. APAC has the largest hardware encryption device market in terms of both volume and revenue, followed by North America and Europe. The growing concern for data privacy, data security concerns, and the emerging trend of portable storage devices are the key factors driving the Encryption mobile devices market. The large investments will result in market expansion and increased product awareness.

Key players in the market

Samsung is one of the key players in the market that offers self-encrypting drives (SEDs) which automatically encrypt and decrypt the data using its encryption mobile device SED. This device always protects the data and eliminates the user time to encrypt data if needed.

Seagate an American data storage company has developed FIPS 140-2 encryption devices with four-level securities that include role-based authentication, advanced tamper protection, and robust cryptographic protection.

A major hard disk and data storage company, Western Digital, announced a new ArmorLock encrypted hard drive that delivers an easy-to-use, high-performance solution for creators in the media and entertainment industry.

Some of the other key players in the market are Thales, Micron technology, NetApp, Toshiba, Kingston technology, Gemalto, Certes Networks, and kangaroo solutions. The market is influenced not only by price but also by the product performance. Large companies enjoy better performance, more types of products, better technical skills, and impeccable customer service. As a result, they dominate the market share of the high-end market.

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About Global Market Advanced   Research Analyst

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Created on Nov 22nd 2021 23:27. Viewed 85 times.


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