Global Hardware Based Encryption Market Revenue to Reach US$36.4 Billion by End of 2015 as Enterprises Deploy Defense in Depth, Says ABI Research
There are a variety of ways to secure data, either on the perimeter or
within the local area network (LAN), but the most fundamental method in
a defense-in-depth model is hardware encryption. The advantage of
hardware-based solutions is that they bypass many of the typical
drawbacks of software-based solutions like performance degradation or
vulnerability to attacks aimed at the encryption key stored in memory.
Because encryption is available at drive-level, this solution is not
dependent on any software or operating system used, and usually cannot
be turned off by users. Examples of storage products that use hardware
based encryption include hard drives, self-encrypting drives and USB
flash drives. Players like IronKey (by Imation), WinMagic, Vormetric,
SanDisk, Seagate, Rambus, SafeNet, and others offer innovative and
interesting solutions in this market.
Organizations across all sectors face an increasing number of
regulations and requirements to protect data from unauthorized access
both internally and externally. One of the key sectors where hardware
encryption will be rapidly adopted is healthcare. Health organizations
are likely to be vulnerable targets because they are slower to adopt
measures like keeping personal information in separate databases that
can be closed off in the event of an attack.
“In the future, more and more healthcare organizations will turn to
hardware-based encryption technologies together with other security
measures to ensure that the data remains encrypted to all but those
authorized to access it. Meanwhile, government, defense, and
intelligence agencies are also under intense pressure to comply with a
lengthening list of legislative requirements and protocols designed to
protect sensitive data in transit and at rest,” says Monolina Sen, ABI
Research’s Senior Analyst in Digital Security.
Other sectors where hardware encrypted products will be adopted include
financial services, consumer electronics sector, communication
networking security, automotive and transportation sector, and others.
ABI Research expects the global hardware encryption market revenue to
reach US$36.4 billion by end of 2015.
These findings are part of ABI Research’s Cybersecurity
Authentication and Embedded Security (https://www.abiresearch.com/market-research/service/digital-authentication-and-embedded-security/)
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Europe and Asia, ABI Research’s worldwide team of experts advises
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