The hard drive degausser market was valued at $0.1 billion in 2023 and is projected to reach $0.2 billion by 2032, growing at a CAGR of 7.8% from 2024 to 2032.
A hard drive degausser is a specialized device used to eliminate and disrupt data stored on magnetic media such as hard disk drives (HDDs), floppy disks, and magnetic tapes. The device utilizes strong electromagnetic fields to demagnetize the storage platters permanently, making the data unrecoverable. The elimination of data is necessary to ensure information security and compliance with data privacy norms. The hard drives that are put through the degausser generally become unusable post the degaussing process.
Increase in the prevalence of cyberattacks and security breachers is a key factor driving the growth of the hard drive degausser market. In addition, hard drive degaussers are observing a high demand due to environmental concerns as degaussing is an environment-friendly and non-destructive method for data elimination as compared to physical destruction of drives. To enhance data security, the assimilation of hard drive degaussers with software-based data sanitization solutions is a key trend gaining prominence. This assimilation is projected to enhance the layers of security by the integration of software-driven reporting and verification.
However, the limited applicability of degaussers due to incompatibility with media storage devices having old or specialized formats acts as a key restraint for the hard drive degausser market. Furthermore, surge in the popularity of alternative data removal methods such as software-based solutions or shredding is limiting the expansion of the market. Moreover, the process of degaussing renders the hard drives unusable, leading to the generation of e-waste. According to Statistica, a global data and business intelligence platform, a record 62 billion kg of e-waste was generated globally in 2022. The platform further states that the generation of e-waste is anticipated to exceed the mark of 80 million metric tons by 2030.
Segment Review
The hard drive degausser market is segmented into type, application, and region. On the basis of type, the market is divided into coil degaussers, capacitive discharge degaussers, and permanent magnet degaussers. Depending on application, it is classified into defense & government, financial company, hospital, radio/TV/broadcasting, data storage company, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the capacitive discharge degaussers segment dominated the market in 2023.
Depending on application, the data storage company segment was the highest shareholder in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition Analysis
The leading players of the global hard drive degausser market include Garner Products, Inc., VS Security Products Ltd., Security Engineered Machinery Co., Inc., Proton Data Security, LLC, intimus International Group, Data Security, Inc., Whitaker Brothers Business Machines, Inc., IDEAL.MBM Corporation, Beijing Heshenda Information Security Technology Co., Ltd., and ZhongChao Weiye Data Security Technology Co., Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
A hard drive degausser is a specialized device used to eliminate and disrupt data stored on magnetic media such as hard disk drives (HDDs), floppy disks, and magnetic tapes. The device utilizes strong electromagnetic fields to demagnetize the storage platters permanently, making the data unrecoverable. The elimination of data is necessary to ensure information security and compliance with data privacy norms. The hard drives that are put through the degausser generally become unusable post the degaussing process.
Increase in the prevalence of cyberattacks and security breachers is a key factor driving the growth of the hard drive degausser market. In addition, hard drive degaussers are observing a high demand due to environmental concerns as degaussing is an environment-friendly and non-destructive method for data elimination as compared to physical destruction of drives. To enhance data security, the assimilation of hard drive degaussers with software-based data sanitization solutions is a key trend gaining prominence. This assimilation is projected to enhance the layers of security by the integration of software-driven reporting and verification.
However, the limited applicability of degaussers due to incompatibility with media storage devices having old or specialized formats acts as a key restraint for the hard drive degausser market. Furthermore, surge in the popularity of alternative data removal methods such as software-based solutions or shredding is limiting the expansion of the market. Moreover, the process of degaussing renders the hard drives unusable, leading to the generation of e-waste. According to Statistica, a global data and business intelligence platform, a record 62 billion kg of e-waste was generated globally in 2022. The platform further states that the generation of e-waste is anticipated to exceed the mark of 80 million metric tons by 2030.
Segment Review
The hard drive degausser market is segmented into type, application, and region. On the basis of type, the market is divided into coil degaussers, capacitive discharge degaussers, and permanent magnet degaussers. Depending on application, it is classified into defense & government, financial company, hospital, radio/TV/broadcasting, data storage company, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the capacitive discharge degaussers segment dominated the market in 2023.
Depending on application, the data storage company segment was the highest shareholder in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition Analysis
The leading players of the global hard drive degausser market include Garner Products, Inc., VS Security Products Ltd., Security Engineered Machinery Co., Inc., Proton Data Security, LLC, intimus International Group, Data Security, Inc., Whitaker Brothers Business Machines, Inc., IDEAL.MBM Corporation, Beijing Heshenda Information Security Technology Co., Ltd., and ZhongChao Weiye Data Security Technology Co., Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
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Key Market Segments
By Type
- Coil Degaussers
- Capacitive Discharge Degaussers
- Permanent Magnet Degaussers
By Application
- Defense and Government
- Financial Company
- Hospital
- Radio/TV/Broadcasting
- Data Storage Company
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
- Garner Products, Inc.
- Garner Products, Inc.
- VS Security Products Ltd.
- VS Security Products Ltd.
- Security Engineered Machinery Co., Inc.
- Proton Data Security, LLC
- Security Engineered Machinery Co., Inc.
- intimus International Group
- Data Security, Inc.
- Proton Data Security, LLC
- Whitaker Brothers Business Machines, Inc.
- intimus International Group
- IDEAL.MBM Corporation
- Data Security, Inc.
- Beijing Heshenda Information Security Technology Co., Ltd.
- ZhongChao Weiye Data Security Technology Co., Ltd.
- Whitaker Brothers Business Machines, Inc.
- IDEAL.MBM Corporation
- Beijing Heshenda Information Security Technology Co., Ltd.
- ZhongChao Weiye Data Security Technology Co., Ltd.
- Garner Products, Inc.
- VS Security Products Ltd.
- Security Engineered Machinery Co., Inc.
- Proton Data Security, LLC
- intimus International Group
- Data Security, Inc.
- Whitaker Brothers Business Machines, Inc.
- IDEAL.MBM Corporation
- Beijing Heshenda Information Security Technology Co., Ltd.
- ZhongChao Weiye Data Security Technology Co., Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: HARD DRIVE DEGAUSSER MARKET, BY TYPE
CHAPTER 5: HARD DRIVE DEGAUSSER MARKET, BY APPLICATION
CHAPTER 6: HARD DRIVE DEGAUSSER MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Hard Drive Degausser Market include:- Garner Products, Inc.
- Garner Products, Inc.
- VS Security Products Ltd.
- VS Security Products Ltd.
- Security Engineered Machinery Co., Inc.
- Proton Data Security, LLC
- Security Engineered Machinery Co., Inc.
- intimus International Group
- Data Security, Inc.
- Proton Data Security, LLC
- Whitaker Brothers Business Machines, Inc.
- intimus International Group
- IDEAL.MBM Corporation
- Data Security, Inc.
- Beijing Heshenda Information Security Technology Co., Ltd.
- ZhongChao Weiye Data Security Technology Co., Ltd.
- Whitaker Brothers Business Machines, Inc.
- IDEAL.MBM Corporation
- Beijing Heshenda Information Security Technology Co., Ltd.
- ZhongChao Weiye Data Security Technology Co., Ltd.
- Garner Products, Inc.
- VS Security Products Ltd.
- Security Engineered Machinery Co., Inc.
- Proton Data Security, LLC
- intimus International Group
- Data Security, Inc.
- Whitaker Brothers Business Machines, Inc.
- IDEAL.MBM Corporation
- Beijing Heshenda Information Security Technology Co., Ltd.
- ZhongChao Weiye Data Security Technology Co., Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 302 |
| Published | June 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 0.1 billion |
| Forecasted Market Value ( USD | $ 0.2 billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
