World Hardware Encryption Market Is Expected to Reach $296.4 Billion by 2020, Finds New Report
World Hardware Encryption—Market Opportunities and Forecasts, 2014–2020 forecasts that the world hardware encryption market would garner revenue of $296.4 billion by 2020, registering a CAGR of 54.6% during the forecast period of 2015–2020. Hard disk drives are the most widely encrypted devices, accounting for the highest market share throughout analysis period. Asia-Pacific is the largest revenue generating region for hardware encryption, followed by North America and Europe.
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