U.S. Hardware Encryption Market _
                     
U.S. Hardware Encryption Market 
U.S. Hardware Encryption Market is Expected to Reach $259.12 
Billion by 2026
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The U.S. hardware encryption market size was valued at $28.08 billion 
in 2018, and is projected to reach $259.12 billion by 2026, growing at a 
CAGR of 32.4% from 2019 to 2026.Hardware encryption involves 
encoding of data or information into a form, which is accessible to only 
authorized users.
COVID 19 
IMPACT:
•The report focuses on the growth 
prospects, restraints, and U.S. 
hardware encryption market 
analysis. The study provides Porter’s 
five forces analysis of the hardware 
encryption industry to understand 
the impact of various factors such as 
bargaining power of suppliers, 
competitive intensity of competitors, 
threat of new entrants, threat of 
substitutes, and bargaining power of 
buyers on the hardware encryption 
market trends.
Key Findings of the 
Study:
•► By algorithm & standard, the Rivest, Shamir, and Adelman 
(RSA) segment dominated the U.S. hardware encryption market. 
However, the Advanced Encryption Standard (AES) segment is 
expected to exhibit significant growth during the forecast period 
in the hardware encryption industry.
•► On the basis of architecture, the application-specific 
integrated circuit (ASIC) segment is anticipated highest revenue 
share in hardware encryption market trends in 2018.
•► By product, the Hard Disk Drive (HDD) segment accounted for 
the highest revenue in 2018 due to technological proliferation 
and increase in demand for hardware encryption in consumer 
electronics such as smartphone, tablets, and laptop.
KEY PLAYERS:
•► WESTERN DIGITAL TECHNOLOGIES, INC.
•► NETAPP
•► KINGSTON TECHNOLOGY COMPANY, INC.
•► MCAFEE, LLC.
•► MICRON TECHNOLOGY, INC.
•► SAMSUNG ELECTRONICS CO., LTD.
•► TOSHIBA CORPORATION
•► SYMANTEC CORPORATION
•► INTERNATIONAL BUSINESS MACHINES CORPORATION
•► SEAGATE TECHNOLOGY LLC
BY REGION:
• North America  (U.S., Canada)
• Europe  (Germany, UK, France, 
Rest of Europe)
• Asia-Pacific  (Japan, China, India, 
Rest of Asia-Pacific)
• LAMEA  (Latin America, Middle 
East, Africa)
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