U.S. Hardware Encryption Market in US – Industry Value is projected to garner $259.12 billion by 2026 with a CAGR 32.4% – 3w Market News Reports
The segment of encrypted USB flash drives is expected to grow significantly and register a highest CAGR during the forecast period. Increase in demand for robust memory storage devices that are highly compact, offer maximum storage and render better security of data is the key factor, which is anticipated to drive the growth of the segment. However, the solid-state drive (SSD) segment is expected to grow at the highest rate of 35.6% between 2019 and 2026. SSD provides faster encryption as compared to the HDD devices, which majorly fosters the growth of this segment. The need for the adoption of SSD is expected to increase in the upcoming years due to increase in data breaches and expansion of digital content.