Compliance with Regulatory Requirements Will Support Growth in the Global Hardware Encryption Market through 2019: TechNavio

LONDON--()--Thanks to the introduction of stringent new regulatory requirements, the Global Hardware Encryption Market is expected to grow at a CAGR of 50.62 percent from 2014-2019, says research firm TechNavio.

About the Report

The latest report by TechNavio draws attention to mandated compliance with regulatory requirements as a key driver for market growth. Organizations deal with confidential data as varied as financial details, patient health records and military intelligence. To maintain the privacy of data, companies have to abide by different regulations, such as the Health Insurance Portability and Accountability Act in the healthcare sector.

“Many companies are opting for hardware encryption solutions to control data breaches and comply with regulations, which will be a trend observed in this market over the projected period,” says Faisal Ghaus, Vice President of TechNavio.

The new TechNavio report also emphasizes the growing adoption of cloud-based encryption. A large amount of data is being stored in the cloud, which makes encryption necessary to secure this data from unauthorized access.

“Adoption of cloud-based encryption by SMEs is expected to increase in the coming years as it is cost-effective, scalable, flexible and can accommodate the needs of consumers,” says Ghaus.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
    • Compliance with Stringent Regulatory Requirements
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Adoption of Cloud-based Encryption
    • For a full detailed list, view our report.
  • Key Vendors:
    • Micron Technology Inc.
    • Samsung Electronics Co. Ltd.
    • Seagate Technology LLC
    • Toshiba Corp.
  • Other Prominent Vendors:
    • Imation
    • Kanguru Solutions
    • Kingston Technology
    • Maxim Integrated Products

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the encryption market:

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1-630-333-9501
UK: +44-208-123-1770
www.technavio.com
media@technavio.com

Release Summary

Thanks to the introduction of stringent new regulatory requirements, the Global Hardware Encryption Market is expected to grow at a CAGR of 50.62 percent from 2014-2019, says research firm TechNavio.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1-630-333-9501
UK: +44-208-123-1770
www.technavio.com
media@technavio.com