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Asia Pacific Hardware Encryption Market Size, Share & Trends Analysis Report By Architecture (ASIC, and FPGA), By Product, By Algorithm Standard, By End Use, By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 185 Pages
  • April 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5972617
Description Jump to:
The Asia Pacific Hardware Encryption Market would witness market growth of 18.7% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Hardware Encryption Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $118,124.1 million by 2031. The Japan market is registering a CAGR of 18% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 19.5% during (2024 - 2031).



The retail and e-commerce industries rely on hardware encryption solutions to secure customer data, payment transactions, and online shopping platforms against cyber threats and data breaches. Retailers, e-commerce merchants, and online marketplaces use these to protect customer information, credit card data, and transactional records, enhancing consumer trust and confidence in digital commerce.

Several factors have driven the adoption of hardware encryption solutions. For example, data protection regulations, such as GDPR (General Data Protection Regulation), CCPA (California Consumer Privacy Act), HIPAA (Health Insurance Portability and Accountability Act), and PCI DSS (Payment Card Industry Data Security Standard), require organizations to safeguard sensitive data and protect individuals’ privacy.

India’s BFSI sector is undergoing rapid digital transformation, with increasing adoption of online banking, mobile payments, and digital financial services. These solutions, such as hardware security modules (HSMs) and encrypted storage devices, protect digital assets, secure transactions, and safeguard customer data in this digital landscape. Hence, the expansion of the banking sector and IT industry in the region is driving the market’s growth.

Based on Architecture, the market is segmented into ASIC, and FPGA. Based on Product, the market is segmented into Hard Disk Drive (HDD), Solid State Drives (SSD), Universal Serial Bus (USB), and Inline Network Encryptor. Based on Algorithm Standard, the market is segmented into RSA, AES, and Others. Based on End Use, the market is segmented into Commercial, Government, Industrial, and Residential. Based on Application, the market is segmented into Consumer Electronics, Automotive & Transportation, Government & Public Utilities, Healthcare & Lifesciences, BFSI, Manufacturing, Aerospace & Defense, IT & Telecom, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Broadcom, Inc.
  • IBM Corporation
  • Kingston Technology Company, Inc.
  • Micron Technology, Inc.
  • NetApp, Inc.
  • Samsung Electronics Co., Ltd.
  • Seagate Technology LLC
  • Toshiba Corporation
  • Western Digital Corporation
  • Intel Corporation

Market Report Segmentation

By Architecture
  • ASIC
  • FPGA
By Product
  • Hard Disk Drive (HDD)
  • Solid State Drives (SSD)
  • Universal Serial Bus (USB)
  • Inline Network Encryptor
By Algorithm Standard
  • RSA
  • AES
  • Others
By End Use
  • Commercial
  • Government
  • Industrial
  • Residential
By Application
  • Consumer Electronics
  • Automotive & Transportation
  • Government & Public Utilities
  • Healthcare & Lifesciences
  • BFSI
  • Manufacturing
  • Aerospace & Defense
  • IT & Telecom
  • Others
By Country
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Hardware Encryption Market, by Architecture
1.4.2 Asia Pacific Hardware Encryption Market, by Product
1.4.3 Asia Pacific Hardware Encryption Market, by Algorithm Standard
1.4.4 Asia Pacific Hardware Encryption Market, by End Use
1.4.5 Asia Pacific Hardware Encryption Market, by Application
1.4.6 Asia Pacific Hardware Encryption Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Sep - 2024, Mar) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. Asia Pacific Hardware Encryption Market by Architecture
5.1 Asia Pacific ASIC Market by Country
5.2 Asia Pacific FPGA Market by Country
Chapter 6. Asia Pacific Hardware Encryption Market by Product
6.1 Asia Pacific Hard Disk Drive (HDD) Market by Country
6.2 Asia Pacific Solid State Drives (SSD) Market by Country
6.3 Asia Pacific Universal Serial Bus (USB) Market by Country
6.4 Asia Pacific Inline Network Encryptor Market by Country
Chapter 7. Asia Pacific Hardware Encryption Market by Algorithm Standard
7.1 Asia Pacific RSA Market by Country
7.2 Asia Pacific AES Market by Country
7.3 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Hardware Encryption Market by End Use
8.1 Asia Pacific Commercial Market by Country
8.2 Asia Pacific Government Market by Country
8.3 Asia Pacific Industrial Market by Country
8.4 Asia Pacific Residential Market by Country
Chapter 9. Asia Pacific Hardware Encryption Market by Application
9.1 Asia Pacific Consumer Electronics Market by Country
9.2 Asia Pacific Automotive & Transportation Market by Country
9.3 Asia Pacific Government & Public Utilities Market by Country
9.4 Asia Pacific Healthcare & Lifesciences Market by Country
9.5 Asia Pacific BFSI Market by Country
9.6 Asia Pacific Manufacturing Market by Country
9.7 Asia Pacific Aerospace & Defense Market by Country
9.8 Asia Pacific IT & Telecom Market by Country
9.9 Asia Pacific Others Market by Country
Chapter 10. Asia Pacific Hardware Encryption Market by Country
10.1 China Hardware Encryption Market
10.1.1 China Hardware Encryption Market by Architecture
10.1.2 China Hardware Encryption Market by Product
10.1.3 China Hardware Encryption Market by Algorithm Standard
10.1.4 China Hardware Encryption Market by End Use
10.1.5 China Hardware Encryption Market by Application
10.2 Japan Hardware Encryption Market
10.2.1 Japan Hardware Encryption Market by Architecture
10.2.2 Japan Hardware Encryption Market by Product
10.2.3 Japan Hardware Encryption Market by Algorithm Standard
10.2.4 Japan Hardware Encryption Market by End Use
10.2.5 Japan Hardware Encryption Market by Application
10.3 India Hardware Encryption Market
10.3.1 India Hardware Encryption Market by Architecture
10.3.2 India Hardware Encryption Market by Product
10.3.3 India Hardware Encryption Market by Algorithm Standard
10.3.4 India Hardware Encryption Market by End Use
10.3.5 India Hardware Encryption Market by Application
10.4 South Korea Hardware Encryption Market
10.4.1 South Korea Hardware Encryption Market by Architecture
10.4.2 South Korea Hardware Encryption Market by Product
10.4.3 South Korea Hardware Encryption Market by Algorithm Standard
10.4.4 South Korea Hardware Encryption Market by End Use
10.4.5 South Korea Hardware Encryption Market by Application
10.5 Australia Hardware Encryption Market
10.5.1 Australia Hardware Encryption Market by Architecture
10.5.2 Australia Hardware Encryption Market by Product
10.5.3 Australia Hardware Encryption Market by Algorithm Standard
10.5.4 Australia Hardware Encryption Market by End Use
10.5.5 Australia Hardware Encryption Market by Application
10.6 Malaysia Hardware Encryption Market
10.6.1 Malaysia Hardware Encryption Market by Architecture
10.6.2 Malaysia Hardware Encryption Market by Product
10.6.3 Malaysia Hardware Encryption Market by Algorithm Standard
10.6.4 Malaysia Hardware Encryption Market by End Use
10.6.5 Malaysia Hardware Encryption Market by Application
10.7 Rest of Asia Pacific Hardware Encryption Market
10.7.1 Rest of Asia Pacific Hardware Encryption Market by Architecture
10.7.2 Rest of Asia Pacific Hardware Encryption Market by Product
10.7.3 Rest of Asia Pacific Hardware Encryption Market by Algorithm Standard
10.7.4 Rest of Asia Pacific Hardware Encryption Market by End Use
10.7.5 Rest of Asia Pacific Hardware Encryption Market by Application
Chapter 11. Company Profiles
11.1 Broadcom, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.6 SWOT Analysis
11.2 IBM Corporation
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional & Segmental Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Product Launches and Product Expansions:
11.2.6 SWOT Analysis
11.3 Kingston Technology Company, Inc.
11.3.1 Company Overview
11.3.2 Recent strategies and developments:
11.3.2.1 Product Launches and Product Expansions:
11.3.3 SWOT Analysis
11.4 Micron Technology, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Product Launches and Product Expansions:
11.4.6 SWOT Analysis
11.5 NetApp, Inc.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Samsung Electronics Co., Ltd. (Samsung Group)
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Recent strategies and developments:
11.6.4.1 Product Launches and Product Expansions:
11.6.5 SWOT Analysis
11.7 Seagate Technology LLC
11.7.1 Company Overview
11.7.2 SWOT Analysis
11.8 Toshiba Corporation
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Research and Development Expense
11.8.5 Recent strategies and developments:
11.8.5.1 Partnerships, Collaborations, and Agreements:
11.8.6 SWOT Analysis
11.9 Western Digital Corporation
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.9.6 SWOT Analysis
11.10. Intel Corporation
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expenses
11.10.5 Recent strategies and developments:
11.10.5.1 Partnerships, Collaborations, and Agreements:
11.10.6 SWOT Analysis

Companies Mentioned

  • Broadcom, Inc.
  • IBM Corporation
  • Kingston Technology Company, Inc.
  • Micron Technology, Inc.
  • NetApp, Inc.
  • Samsung Electronics Co., Ltd.
  • Seagate Technology LLC
  • Toshiba Corporation
  • Western Digital Corporation
  • Intel Corporation

Methodology

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About the Hardware Encryption Market

Hardware encryption is a form of data security that uses specialized hardware to encrypt and decrypt data. It is used to protect data stored on hard drives, USB drives, and other forms of storage media. It is also used to secure data in transit, such as when it is sent over the internet. Hardware encryption is considered to be more secure than software encryption, as it is more difficult to hack. Hardware encryption is used in a variety of industries, including healthcare, finance, and government. It is also used by individuals to protect their personal data. Hardware encryption is often used in combination with other security measures, such as firewalls and antivirus software. Some companies in the hardware encryption market include Western Digital, Seagate, Samsung, Kingston, and SanDisk. Show Less Read more

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