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Hardware encryption market set to reach $1,085 billion by 2024 according to new research report

Industrial Market Research

Hardware Encryption Market Size, Share, Growth, Forecast Overview

The Global Hardware Encryption Market was valued at $52.45 billion in 2016, and is projected to reach $1,085 billion by 2024, having a CAGR of 46.3% during the forecast period of 2017 to 2024.

Browse details of 152 pages research report developed on Global Hardware Encryption Market at…t-2024/1400395182 Make an Inquiry about this news

Encryption is the conversion of digital data into another form which can’t be easily understood by anyone except authorized parties. The primary use of encryption is to protect the data stored on a system or transmitted over the network.

Software based and hardware based are two significant techniques used for encryption.