(1) - Declining prices of hardware encryption devices and surge in complexity & risk of data breaches and brute-force attacks drive the growth of the global hardware encryption market PORTLAND, Ore., Jan. 19, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Hardware Encryption Market by Algorithm & Standard (Rivest, Shamir, and Adelman (RSA); Advanced Encryption Standard (AES); and Others), Architecture (Application-specific Integrated Circuit (ASIC) and Field-programmable Gate Array (FPGA)), Product (Hard Disk Drive (HDD), Solid-state Drives (SSD), Universal Serial Bus (USB), and Inline Network Encryptor), Application (Consumer electronics, IT & Telecom, Automotive & Transportation, Aerospace & Defense, Healthcare, Government & Public Utilities, BFSI, and Others), and End Use (Industrial, Commercial, Residential, and Government): Global Opportunity Analysis and Industry Forecast, 2019-2027". As per the report, the global hardware encryption industry was pegged at $131.77 billion in 2019, and is projected to reach $1,239.85 billion by 2027, growing at a CAGR of 32.2% from 2020 to 2027.