Home Semiconductor & Electronics Encrypted Hard Drive Market Size, Overview, Top Drivers | Industry Outlook, 2026

Encrypted Hard Drive Market

Encrypted Hard Drive Market Size, Share & Trends Analysis Report By Storage Capacity (Under 500GB, 500GB to 1TB, Above 1TB to 2TB, Above 2TB), By Type (Flash Drive, SSD, HDD), By End User (Government and Defense, Private Enterprises, Individual Customers) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2018-2026

Report Code: SRSE176DR
Study Period 2014-2026 CAGR 31.2%
Historical Period 2014-2016 Forecast Period 2018-2026
Base Year 2017 Base Year Market Size USD XX Billion
Forecast Year 2026 Forecast Year Market Size USD Billion
Largest Market North America Fastest Growing Market Europe
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Market Overview

Encrypted Hard Drive Market Size Will significantly Grow At CAGR of 31.2% By Forecast Period (2016-2026).
 
A hard disk also known as hard drive is data storage devices that use magnetic storage to store and retrieve digital data using one or more rotating disk. The encrypted data cannot be read by anyone without the correct key or password.

Market Dynamics

The global encrypted hard drive market is expecting a steady growth in future. Reduced cost of hardware devices increases volume over media data transfer has resulted in driving the market growth. Growth in the number of mobile and laptop users specifically in the developing countries has majorly contributed to raising the market share.

Regional Analysis

Geographically, the global encrypted hard drive market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa (LAMEA).

North America encrypted hard drive market is expecting a colossal growth during the forecast period. The major driving factors behind the market growth are presence of leading companies with well-established infrastructure and immense investment. Technological developments have fueled the growth of market. U.S. dominates the major market share owing to the well-developed technology and presence of large number of companies operating in the market. The centralized and rich content which is growing among the enterprises, small business and consumers has raised the demand for greater storage device.

Europe accounts for the second largest regions followed by North America. Rising penetration of internet and growth in the online e-commerce industry has been playing a major role in boosting the growth of encrypted hard drive market. Increase in e-commerce adoption especially among the younger generation majorly in Denmark, UK and Netherlands have contributed significantly to driving the market growth.

Asia-Pacific is estimated to be the fastest growing region in global encrypted hard drive market. Countries such as China and India have large number of mobile users, thus this factor gives rise to the growth of the market in this region. The other growing factors include increasing popularity of social media, rise in next-generation connected devices, expanding Information Technology (IT) budgets, growing need for high-capacity storage devices are expected to drive the global encrypted hard drive market across Asia-Pacific.

LAMEA holds the least share in the market owing to the less growth in IT and Technology Sector, additionally, poor infrastructure and lack of funding in the research and development have also affected the market growth. However, the increasing demand for gaming laptops in UAE with growing internet penetration has fueled the market growth.

Report Scope

Report Metric Details
Segmentations
By Storage Capacity
  1. Under 500GB
  2. 500GB to 1TB
  3. Above 1TB to 2TB
  4. Above 2TB
By Type
  1. Flash Drive
  2. SSD
  3. HDD
By End User
  1. Government and Defense
  2. Private Enterprises
  3. Individual Customers
Company Profiles Apricorn Inc. (U.S.) Bnl Technologies Inc. (U.S.) Datalocker Inc. (U.S.) Integral Memory plc. (U.K) IStorage Limited (England) Lenovo Group Limited (Hong Kong) Rocstorage Inc. (Switzerland).
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The global encrypted hard drive market is majorly segmented based on storage capacity and types.

Based on the Storage Capacity

Market is segmented into under 500GB, 500GB to 1TB, above 1TB to 2TB, above 2TB. Fewer than 500 GB capacities include 100GB, 220GB, 320GB, and others. These have less storage capacity than others. These storage capacities are used for storing fewer personal data, as well as images and videos with less size. Flash drives are small storage device that can be used to transport files from one computer to another. They are small and light, use little power, and they don’t have any delicate moving parts. The flash drive is easy to use and can store several gigabytes of information having storage capacity of 8 GB to 64 GB.

Based on the Type

Market is segmented into: Solid state drive (SSD), Hard Disk Drive (HDD) and Flash drives. The hard disk drives are most commonly used storage devices across globe due to its easy availability and cost-effectiveness. However, emerging alternatives to hard disk drives such as solid-state drives are likely to capture most of the storage devices market share in the future. Just like hard drive, an SSD has no moving parts which give it benefits such as faster access time, higher reliability, noiseless operation, and lower power consumption. For both desktop and laptop computers, SSD has become suitable replacements. For instance, in April 2018, Adata the Taiwanese electronics firm introduced a new XPG Gamix S11 PCIe Gen 3x4 NVMe SSD, featuring 3,200MB/s read and 1,700MB/s write speeds. Comparable to the performance of Samsung 960 Pro which operates at 3,500MB/s read and 2,100MB/s write speeds.

Based on End User 

The market is segmented into government and defense, private enterprises, individual customers. Government networks are ever more vulnerable to multifaceted threats and attacks. The government sector is constantly under pressure to secure critical data, infrastructure, and services. They hold large amounts of data regarding citizens; including personal identification information such as social security numbers, driver’s license information, and tax & financial information. Encrypted hard drives are used to secure this data and restrict access only to authorized users. On the consumer level, security of data is paramount as the confidentiality, integrity, and availability of personal data is the key demand. Individual consumers store images, videos, photos, and various important document on their personal PCs and laptops. To protect this information from getting hacked/stolen, they store it on the encrypted disk drives. The data stored on these drives remains secure and it cannot be easily accessed by another individual without the correct code or password.

Market Size By Storage Capacity

Market Size By Storage Capacity
  • Under 500GB
  • 500GB to 1TB
  • Above 1TB to 2TB
  • Above 2TB
  • Top Key Players

    Encrypted Hard Drive Market Share of Key Players

    Encrypted Hard Drive Market Share of Key Players
    Apricorn Inc. (U.S.) Bnl Technologies Inc. (U.S.) Datalocker Inc. (U.S.) Integral Memory plc. (U.K) IStorage Limited (England) Lenovo Group Limited (Hong Kong) Rocstorage Inc. (Switzerland). Others

    Frequently Asked Questions (FAQs)

    What is the growth rate for the Encrypted Hard Drive Market?
    Encrypted Hard Drive Market size will grow at approx. CAGR of 31.2% during the forecast period.
    Some of the top industry players in Encrypted Hard Drive Market are, Apricorn Inc. (U.S.), Bnl Technologies Inc. (U.S.), Datalocker Inc. (U.S.), Integral Memory plc. (U.K), IStorage Limited (England), Lenovo Group Limited (Hong Kong), Rocstorage Inc. (Switzerland)., etc.
    North America has been dominating the Encrypted Hard Drive Market, accounting for the largest share of the market.
    The Encrypted Hard Drive Market has seen the most substantial growth rate in Europe.
    The global Encrypted Hard Drive Market report is segmented as follows: By Storage Capacity, Type, End User


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