Hardware Encryption Market worth $313 million by 2025 - Exclusive Report by MarketsandMarkets " Hardware encryption Market By Product Type (External HDD, Internal HDD, Solid-state drive, Inline Network Encryptor, USB flash drive), Application (consumer goods, aerospace and defense, transportation, healthcare, and others) And Region - Forecast To 2025 ", published by MarketsandMarkets, the overall Hardware Encryption Market is expected to be valued at USD 262 million in 2020 and reach USD 313 million by 2025, growing at a CAGR of 3.6%. The primary reasons for this rise in demand are the increasing demand for smartphones, online and digital content, which is attracting the market for hardware encryption products and solutions.