Lucintel’s latest market report analyzed that hardware encryption provides attractive opportunities in consumer electronics, IT & telecom, transportation, aerospace and defense, healthcare, and BFSI market. The hardware encryption market is expected to grow at a CAGR of 29% to 31%. In this market, architectures-specific integrated circuit is the largest segment by architectures, whereas consumer electronics is largest by application.
Download Brochure of this report by clicking on https://www.lucintel.com/hardware-encryption-market.aspx Based on architectures, the hardware encryption market is segmented into field-programmable gate arrays and application-specific integrated circuits. The architectures-specific integrated circuit segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to increasing demand of ASIC design based processors as they have small form factor and high speed
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The Hardware Encryption Market is marked by the presence of several big and small players. Some of the prominent players offering hardware encryption include Western Digital, Samsung Electronics, Seagate Technology, Kingston Technology, Micron Technology, Toshiba, Kanguru Solutions, Maxim Integrated Products, NetApp, WinMagic, Thales e-security, and Gemalto.
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