Encrypted USB Flash Drives (also known as pen drives, USB memory sticks, thumb drives, or flash keys) can be used in finance, government/military, enterprises and individual in meeting tough data security. There are two types of Encrypted USB Flash Drives which cover hardware encryption and software encryption.
Encrypted USB Flash Drives used in industry including Government/Military, Finance, Enterprises and Individual. Report data showed that 46.14% of the Encrypted USB Flash Drives market demand in finance, and the remained 53.86% is for the other applications in 2016.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Despite the presence of competition problems, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.
Over the next five years, LPI(LP Information) projects that Encrypted USB Flash Drives will register a 3.8% CAGR in terms of revenue, reach US$ 150 million by 2023, from US$ 120 million in 2017.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Axiom Memory Solutions
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Software-Based Encrypted USB Flash Drives
Hardware-Based Encrypted USB Flash Drives
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into