Hardware Encryption Usb

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www.verifiedmarketresearch.com
www.fortunebusinessinsights.com
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I have analyzed the hardware encryption USB market trends and insights for 2024–2026. The market is currently valued at $2.84 billion and is projected to reach $6.08 billion by 2034, growing at a CAGR of 8.83%. Key drivers include stricter data privacy regulations (GDPR/HIPAA) and the surge in biometric authentication, which is now featured in 46% of new product launches. While North America remains the largest market, the Asia-Pacific region is the fastest-growing due to rapid digitalization.

The detailed report below covers market size, emerging tech trends (USB-C, FIPS certification), consumer pain points regarding cost and compatibility, and a snapshot of current B2B product offerings.

Here is the market report for hardware encryption USB drives. You can continue with:

Encrypted Usb Drive Pin Pad Hardware Encryption 128gb 256gb

Products · 2 lists

Goldenfir Encrypted USB 3.0 8GB 32GB 64GB 128GB 256GB, Digitally Encrypted USB Flash Drive, Secure and Reliable

Goldenfir Encrypted USB 3.0 8GB 32GB 64GB 128GB 256GB, Digitally Encrypted USB Flash Drive, Secure and Reliable

$229-2834.6(545)
MOQ: 1000 pieces
128GB or 256GB900+ store reviews50% reorder rate≤12h response time
Shenzhen Goldenfir Technology Co., Ltd.Shenzhen Goldenfir Technology Co., Ltd.🇨🇳CN8 yrs
Military-grade Encrypted Usb Flash Drive 3.1 128GB 256GB Flash Drive Stick AES256 Bit Password Memory Stick for Windows MacOS

Military-grade Encrypted Usb Flash Drive 3.1 128GB 256GB Flash Drive Stick AES256 Bit Password Memory Stick for Windows MacOS

$21.97-57.034.6(476)
MOQ: 100 pieces
128GB or 256GB400+ store reviews21% reorder rate100+ views from America≤3h response time
Shenzhen Toptai Technology Co., Ltd.Shenzhen Toptai Technology Co., Ltd.verified🇨🇳CN20 yrs
Portable Password-Protected 8G/16G/32G/64G USB 3.0 Flash Drive Metal U Disk with AES 256 Keypad Lock Compatible Various Devices

Portable Password-Protected 8G/16G/32G/64G USB 3.0 Flash Drive Metal U Disk with AES 256 Keypad Lock Compatible Various Devices

$19.99-45.994.2(229)
MOQ: 5 pieces
128GB or 256GB33% reorder rate≤2h response time
Shenzhen Tencenta Electronics Co., Ltd.Shenzhen Tencenta Electronics Co., Ltd.🇨🇳CN18 yrs
Secure USB 3.0 Flash Drive with Hardware Password Encrypted 32GB 64GB 128GB & 256GB Capacity Memory Stick Encryption Pen Drive

Secure USB 3.0 Flash Drive with Hardware Password Encrypted 32GB 64GB 128GB & 256GB Capacity Memory Stick Encryption Pen Drive

$23.99-69.994.8(92)
MOQ: 1 piece
128GB or 256GB15% reorder rate≤1h response time
Foshan Xiaolei Technology Co., Ltd.Foshan Xiaolei Technology Co., Ltd.🇨🇳CN2 yrs
DM High Speed USB 3.2 Secure Portable Password Protected Hardware Encrypted Solid State Drive 2T FD070

DM High Speed USB 3.2 Secure Portable Password Protected Hardware Encrypted Solid State Drive 2T FD070

$58.38-1864.6(596)
MOQ: 1 piece
128GB or 256GB500+ store reviews10% reorder rate100+ views from America≤3h response time
Dm Life Technology Co., Ltd.Dm Life Technology Co., Ltd.🇨🇳CN8 yrs
Secure USB Flash Drive Hardware Password Memory Stick Encryption Pen Drive USB Stick 3.0 32GB 64GB 128GB 256GB Encrypted USB

Secure USB Flash Drive Hardware Password Memory Stick Encryption Pen Drive USB Stick 3.0 32GB 64GB 128GB 256GB Encrypted USB

$287.89-601.964.8(910)
MOQ: 1 piece
128GB or 256GB
Shenzhen Usky Technology Co., Ltd.Shenzhen Usky Technology Co., Ltd.verified🇨🇳CN6 yrs
Digital USB Flash Disk Encrypted Password Anti-copy AES256 Encryption Digitis USB3.0 Pen Drive 32GB  64GB 128GB 256GB

Digital USB Flash Disk Encrypted Password Anti-copy AES256 Encryption Digitis USB3.0 Pen Drive 32GB 64GB 128GB 256GB

$19-574.8(268)
MOQ: 20 pieces
128GB or 256GB700+ store reviews17% reorder rate≤3h response time
Shenzhen Joney Security Technology Co., Ltd.Shenzhen Joney Security Technology Co., Ltd.verified🇨🇳CN15 yrs
256GB 128GB 64GB 32GB 8GB 256-bit Encrypted USB Drive Password Secure Flash Drive USB3.0 U Disk Safety Flash Drive

256GB 128GB 64GB 32GB 8GB 256-bit Encrypted USB Drive Password Secure Flash Drive USB3.0 U Disk Safety Flash Drive

$67-1494.9(691)
MOQ: 10 pieces
128GB or 256GB200+ store reviews25% reorder rate≤2h response time
Shenzhen Kaisheng Century Electronics Co., Ltd.Shenzhen Kaisheng Century Electronics Co., Ltd.verified🇨🇳CN3 yrs
Levelo Lockvault Digital 128GB Metal USB Flash Drive 128-bit Encryption for Promotions

Levelo Lockvault Digital 128GB Metal USB Flash Drive 128-bit Encryption for Promotions

$49-504.0(563)
MOQ: 10 pieces
128GB or 256GB≤3h response time
TEQTRONIX INTERNATIONAL GENERAL TRADING L.L.CTEQTRONIX INTERNATIONAL GENERAL TRADING L.L.CAE7 yrs
Fat32 Password Protected 128Gb32Gb 64Gb Pen Drive Aes256 Hardware Encryption Flash Memory Stick Usb 3.0 Flash Drive

Fat32 Password Protected 128Gb32Gb 64Gb Pen Drive Aes256 Hardware Encryption Flash Memory Stick Usb 3.0 Flash Drive

$14.50-16.504.9(605)
MOQ: 100 units
128GB or 256GB600+ store reviews14% reorder rate≤2h response time
Shenzhen Vitek Electronics Co., Ltd.Shenzhen Vitek Electronics Co., Ltd.verified🇨🇳CN16 yrs
Physical Password Encrypted USB Flash Drive Keypad Lock 16GB 32GB 64GB 128GB USB 2.0 Metal Secure Data Storage for Laptop TV

Physical Password Encrypted USB Flash Drive Keypad Lock 16GB 32GB 64GB 128GB USB 2.0 Metal Secure Data Storage for Laptop TV

$31.184.6(405)
MOQ: 1 piece
128GB or 256GB1700+ store reviews16% reorder rate≤2h response time
Shenzhen Maitre Technology Co., Ltd.Shenzhen Maitre Technology Co., Ltd.🇨🇳CN6 yrs
EAGET FU68 Newest 64\128\256\512GB\1TB USB Pen Drive Type-C&USB 3.0 Fingerprint Encrypted Flash Drive for PC Memory Stick

EAGET FU68 Newest 64\128\256\512GB\1TB USB Pen Drive Type-C&USB 3.0 Fingerprint Encrypted Flash Drive for PC Memory Stick

$28.83-112.424.8(380)
MOQ: 2 pieces
128GB or 256GB
Shenzhen Eaget Industry Co., Ltd.Shenzhen Eaget Industry Co., Ltd.verified🇨🇳CN8 yrs
Password Protected Keypad USB Flash Drive Encrypted Security Pendrive Custom Logo 32GB 64GB 128GB For Confidential Data Storage

Password Protected Keypad USB Flash Drive Encrypted Security Pendrive Custom Logo 32GB 64GB 128GB For Confidential Data Storage

$1.19-6.795.0(716)
MOQ: 100 pieces
128GB or 256GB16% reorder rate≤4h response time
Shenzhen Vastdigi Technology Co., LtdShenzhen Vastdigi Technology Co., Ltd🇨🇳CN15 yrs
VIEFONG VU01 128GB High-Speed for Encrypted Metal USB Flash Drive Dual Interface Type-C for Mobile Phones

VIEFONG VU01 128GB High-Speed for Encrypted Metal USB Flash Drive Dual Interface Type-C for Mobile Phones

$13.695.0(435)
MOQ: 1 piece
128GB or 256GB
Shenzhen Viefong Technology Co., Ltd.Shenzhen Viefong Technology Co., Ltd.🇨🇳CN1 yr
Original New USB 3.0 Encrypted Keypad 64G USB Flash Drive

Original New USB 3.0 Encrypted Keypad 64G USB Flash Drive

$635.0(139)
MOQ: 2 pieces
100+ store reviews≤7h response time
Beijing Hui Tong High Tech LimitedBeijing Hui Tong High Tech Limitedverified🇨🇳CN13 yrs
256G 128gb 64gb Metal Fingerprint Encrypted USB 3.0 New Large Capacity Dual-Use Phone Computer Compatible for Type-C USB Drive

256G 128gb 64gb Metal Fingerprint Encrypted USB 3.0 New Large Capacity Dual-Use Phone Computer Compatible for Type-C USB Drive

$12-484.2(215)
MOQ: 2 pieces
128GB or 256GB400+ store reviews16% reorder rate≤5h response time
Shenzhen CPYP Technology Co., Ltd.Shenzhen CPYP Technology Co., Ltd.🇨🇳CN7 yrs
128GB 256GB 512GB 1TB Metal USB3.0 Type C Phone OTG Pen Drive Solid State Fingerprint Encryption New Memory Disk USB Flash Drive

128GB 256GB 512GB 1TB Metal USB3.0 Type C Phone OTG Pen Drive Solid State Fingerprint Encryption New Memory Disk USB Flash Drive

$14.904.2(443)
MOQ: 2 pieces
128GB or 256GB200+ store reviews14% reorder rate≤3h response time
Shenzhen Baihang Technology Co., Ltd.Shenzhen Baihang Technology Co., Ltd.🇨🇳CN1 yr
3 in 1 High Tech Security Fingerprint Usb Memory 64GB 128GB 256GB 512GB  Pen Drive Encrypt USB 3.0 Flash Drive With Fingerprint

3 in 1 High Tech Security Fingerprint Usb Memory 64GB 128GB 256GB 512GB Pen Drive Encrypt USB 3.0 Flash Drive With Fingerprint

$22-954.6(639)
MOQ: 1 piece
128GB or 256GB800+ store reviews6% reorder rate≤2h response time
Shenzhen Ruoxing Technology Co.,ltdShenzhen Ruoxing Technology Co.,ltd🇨🇳CN8 yrs
Wholesale Custom Logo 3.0 USB 2.0 128/256/1TB OTG Encrypted Flash Drive with 3-Year Warranty New Plastic

Wholesale Custom Logo 3.0 USB 2.0 128/256/1TB OTG Encrypted Flash Drive with 3-Year Warranty New Plastic

$1-2.753.3(753)
MOQ: 1 piece
128GB or 256GB50+ store reviews10% reorder rate≤4h response time
Shenzhen Daliyou Gift Manufacturing Co., Ltd.Shenzhen Daliyou Gift Manufacturing Co., Ltd.🇨🇳CN4 yrs
Encrypted Usb Drive Usb3.2 64gb 128gb 256gb 512GB  Memory Disk Type c Usb Pendrive Pen Drive Phone SSD USB Flash Drive

Encrypted Usb Drive Usb3.2 64gb 128gb 256gb 512GB Memory Disk Type c Usb Pendrive Pen Drive Phone SSD USB Flash Drive

$1.65-12.904.9(320)
MOQ: 2 pieces
128GB or 256GB
Shenzhen Usky Technology Co., LtdShenzhen Usky Technology Co., Ltdverified🇨🇳CN13 yrs
3-in-1 Fingerprint Encrypted USB Flash Drive 64GB to 256GB Metal Pen Drive USB Stick Flash Drive for iPhone for iPad for Windows

3-in-1 Fingerprint Encrypted USB Flash Drive 64GB to 256GB Metal Pen Drive USB Stick Flash Drive for iPhone for iPad for Windows

$10.95-24.504.9(847)
MOQ: 50 pieces
128GB or 256GB
Shenzhen Midi Technology Co., Ltd.Shenzhen Midi Technology Co., Ltd.verified🇨🇳CN14 yrs
Fingerprint Encryption USB 3.0 High-speed Transfer U Disk 32GB Memory /Customizable Memory

Fingerprint Encryption USB 3.0 High-speed Transfer U Disk 32GB Memory /Customizable Memory

$15-604.8(404)
MOQ: 50 pieces
128GB or 256GB200+ store reviews50% reorder rate≤9h response time
Shenzhen Sxjd Electronic Technology Co., Ltd.Shenzhen Sxjd Electronic Technology Co., Ltd.🇨🇳CN14 yrs
Data Password Encryption USB Flash Drive 8GB 16GB 32GB 64GB 128GB 256GB USB3.0 High Quality Encrypted Usb Flash Disk

Data Password Encryption USB Flash Drive 8GB 16GB 32GB 64GB 128GB 256GB USB3.0 High Quality Encrypted Usb Flash Disk

$1.24-3.714.6(684)
MOQ: 100 pieces
128GB or 256GB200+ store reviews31% reorder rate≤2h response time
Shenzhen Suntrap Electronic Technology Co., Ltd.Shenzhen Suntrap Electronic Technology Co., Ltd.🇨🇳CN17 yrs
Encryption Pen Drive USB Stick  USB 3.0 16GB 32GB 64GB 128GB  Encrypted Fingerprint USB Flash Drive

Encryption Pen Drive USB Stick USB 3.0 16GB 32GB 64GB 128GB Encrypted Fingerprint USB Flash Drive

$13.50-25.124.5(600)
MOQ: 10 pieces
128GB or 256GB
Shenzhen Gitra Technology Co., Ltd.Shenzhen Gitra Technology Co., Ltd.verified🇨🇳CN11 yrs
Customized Bulk Metal USB 3.0 Flash Drive with Fingerprint Encryption 128GB-2TB Capacities Custom Logo

Customized Bulk Metal USB 3.0 Flash Drive with Fingerprint Encryption 128GB-2TB Capacities Custom Logo

$1.40-14.804.6(727)
MOQ: 20 pieces
128GB or 256GB20% reorder rate≤6h response time
Shenzhen JSEUD technology Co., Ltd.Shenzhen JSEUD technology Co., Ltd.🇨🇳CN1 yr
Biometric USB 3.0 Flash Drive with Fingerprint Recognition 8GB to 128GB Capacity New Encryption Technology Metal Material

Biometric USB 3.0 Flash Drive with Fingerprint Recognition 8GB to 128GB Capacity New Encryption Technology Metal Material

$18-284.9(622)
MOQ: 100 pieces
128GB or 256GB50+ store reviews7% reorder rate≤2h response time
Shenzhen Imillion Technology Co., Ltd.Shenzhen Imillion Technology Co., Ltd.🇨🇳CN16 yrs
High-Speed USB2.0 3.0Flash Drives Encrypted Metal USB Flash Drive 16GB 32GB 64GB 128GB with Engraved Logo Box Packed

High-Speed USB2.0 3.0Flash Drives Encrypted Metal USB Flash Drive 16GB 32GB 64GB 128GB with Engraved Logo Box Packed

$1.80-9.604.2(95)
MOQ: 2 pieces
128GB or 256GB50+ store reviews50% reorder rate200+ views from America≤2h response time
Shenzhen E-Friend Innovation Technology Co., LtdShenzhen E-Friend Innovation Technology Co., Ltd🇨🇳CN4 yrs
High Speed Fingerprint Encrypted USB 3.0 Flash Drive Dual Type-C OTG Memory Stick Full Disk Encryption for iPhone Android PC Mac

High Speed Fingerprint Encrypted USB 3.0 Flash Drive Dual Type-C OTG Memory Stick Full Disk Encryption for iPhone Android PC Mac

$22.10-112.105.0(606)
MOQ: 5 pieces
26% reorder rate≤2h response time
Shenzhen Qianjimi Business Co., Ltd.Shenzhen Qianjimi Business Co., Ltd.🇨🇳CN1 yr
Fingerprint Encrypted USB Flash Drive USB2.0 USB3.0 Metal Biometric Security Pendrive Finger Memory Stick Custom Logo Wholesale

Fingerprint Encrypted USB Flash Drive USB2.0 USB3.0 Metal Biometric Security Pendrive Finger Memory Stick Custom Logo Wholesale

$1.54-17.804.9(656)
MOQ: 20 pieces
500+ store reviews≤4h response time
Shenzhen Eud Digital Electronics Limited.Shenzhen Eud Digital Electronics Limited.🇨🇳CN13 yrs
Fingerprint Encrypted USB Flash Drive USB2.0 USB3.0 Metal Biometric Security Pendrive Finger Memory Stick Custom Logo Wholesale

Fingerprint Encrypted USB Flash Drive USB2.0 USB3.0 Metal Biometric Security Pendrive Finger Memory Stick Custom Logo Wholesale

$1.54-17.804.8(656)
MOQ: 20 pieces
Shenzhen Eud Digital Electronics Limited.Shenzhen Eud Digital Electronics Limited.verified🇨🇳CN15 yrs

Deep Dive · Full Report

Full Market Report

1 document · Live-fetched from source

Sources & References

22 sources cited · Verified industry data & reports

Hardware Encryption Market Report: Size, Growth, Trends & Forecast ...

www.verifiedmarketresearch.com

Hardware Encryption Market size was valued at USD 256.06 Million in 2024 and is expected to reach USD 334.33 Million by 2032, growing at a CAGR of 3.39% from 2026 to 2032. Hardware Encryption Market was valued at USD 256.06 Million in 2024 and is expected to reach USD 334.33 Million by 2032, growing at a CAGR of 3.39% from 2026 to 2032. Based on Product, the Hardware Encryption Market is segmented into Hard Disk Drive, Solid State Drive, USB Flash Drive, and Smart Card. At VMR, we observe that the Solid State Drive (SSD) segment has cemented its position as the dominant subsegment, commanding the highest revenue share, recently recorded at over 44% of the total market in 2024 and expanding at a superior Compound Annual Growth Rate (CAGR) of approximately 21.5% through 2030. Report ID: 217722 | Last Updated: Nov 2025 | No. of Pages: 150 | Base Year for Estimate: 2024 | Format:

Secure Flash Drive Market Size, Industry Share, Forecast to 2026-2034

www.fortunebusinessinsights.com

April 2019: Kingston Technology Corporation announced the launch of its encrypted memory device solutions including encrypted USB drives, enterprise (Solid State Drives) SSDs and, server premier memory. ... Expand Regional and Country Coverage, Segments Analysis, Company Profiles, Competitive Benchmarking, and End-user Insights. ... What you looking for? Use our deep market intelligence to beat the curve! ... Access 74+ Detailed Reports Featuring Market Insights, Trends, Forecasts, & Competitive Analysis Across Sectors: The market is projected to grow from USD 3.09 billion in 2026 to USD 6.08 billion by 2034, exhibiting a CAGR of 8.83% during the forecast period. With the emergence of cloud computing technology, demand Universal Serial Bus (USB) flash drives in data sharing had reduced unlike before. Data susceptibility to breaches still demanding flash storage devices for secure data transfer. However, non-encrypted flash drives are vulnerable to malware and other device security threats. The compact size, cost-effectiveness, portability, user-friendliness always made USB flash drives favorable across the industry. Employing improved storage capacity and data security by advanced encryption algorithms is escalating the growth of secure flash drive market. Encryption algorithms provide extreme security to electronic flash drives. There are two types of encryption algorithms- hardware-based encryption and software-based encryption. May 2020: Kanguru Solutions had introduced AES 256-bit, hardware encrypted USB drives to protect critical data during global COVID-19 pendamic.

Encrypted USB Flash Drives Market Size, Share, 2035

www.businessresearchinsights.com

Emerging Trends: Rising use of biometric authentication in USB drives; biometric integration increased by 29% in 2024 compared to the previous year. Market Segmentation: Software-based solutions represented 54% of the total encrypted USB flash drive market share in 2024. Recent Development: Hardware-encrypted USB drives with integrated cloud backup rose in demand, with adoption increasing by 33% year-over-year in 2024 The global encrypted usb flash drives market size stood at USD 0.13 Billion in 2026 growing further to USD 0.23 Billion by 2035 at an estimated CAGR of 7.1% from 2026 to 2035. Growing Adoption of Hardware-Based Devices Drives Market Growth · One of the key trends in the market is the growing adoption of hardware-based devices. Hardware-based encrypted USB flash drives offer enhanced security features, including built-in encryption processors and tamper-resistant designs.

Hardware Encryption Market Size and Trends Research [2035]

www.marketgrowthreports.com

The Hardware Encryption Market is estimated to be valued at USD 94469.33 million in 2026 and is projected to reach USD 750839.21 million by 2035, registering a compound annual growth rate (CAGR) of 25.9% over the forecast period. Hardware encryption provides tamper‑resistant, key‑isolated protection for data at rest across solid‑state drives (SSDs), hard‑disk drives (HDDs), removable USBs, and hardware security modules (HSMs). In 2024 global shipments of self‑encrypting drives (SEDs) reached 182 million units, up from 137 million in 2022, giving SEDs a 54 % share of all client and enterprise storage devices sold. Gemalto (now Idemia) integrated biometric key unlock into SafeNet USB tokens, achieving 0.9 % false‑reject rate over 2million attempts. The report spans 2019‑2024 actuals and 2025‑2028 forecasts for hardware‑based data‑at‑rest encryption. It tracks shipments, unit capacities, interface speeds, key‑management features, and algorithm adoption across Encrypted HDDs, SSDs, HSMs, USB devices, and secure SoC IP. Government mandates accelerate the shift: within the EU’s cyber‑resilience act, 27 member states now require FIPS 140‑2 or ISO/IEC 19790 certification for public‑sector endpoints. Data‑center operators deployed 92 000 network HSM appliances in 2024 to secure 11.4 billion TLS keys and blockchain assets. Market Size and Growth: The Hardware Encryption Market size was USD 59599.05 Million in 2024, is projected to grow to USD 75035.21 Million by 2025 and exceed USD 750839.21 Million by 2035, with a CAGR of 25.9%.

Hardware-Based Encrypted USB Flash Drives Market Size, Consumer ...

www.verifiedmarketreports.com

Hardware-Based Encrypted USB Flash Drives Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.8 Billion by 2033 at a CAGR of 10.2% from 2026 to 2033. With a valuation of USD 1.2 billion in 2024, Hardware-Based Encrypted USB Flash Drives Market is anticipated to accelerate growth, attaining USD 2.8 billion by 2033 at a CAGR of 10.2% from 2026 to 2033. Market Outlook: The overall hardware-based encrypted USB flash drive market is projected to grow at a CAGR of 10% from 2024 to 2030, with increasing cybersecurity awareness and data protection regulations driving the demand across all regions and applications. According to a [Verified Market Reports]( the inclusion of biometric encryption is likely to become a major trend within the industry.Expanding the application of encrypted USB flash drives beyond traditional data storage to areas such as secure communication, device authentication, and secure backup solutions is another growth avenue.

U.S. Hardware Encryption Market to Reach $259.12 Bn by 2026

www.alliedmarketresearch.com

This study includes the hardware encryption market analysis, trends, and future estimations to determine the imminent investment pockets. ... U.S. 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, and Others), and End Use (Industrial, Commercial, Residential, and Government): Opportunity Analysis and Industry Forecast, 2019-2026 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. According to a recent report published by Allied Market Research, titled, "U.S. Hardware Encryption Market, By Algorithm & Standard, Architecture, Product, Application, and End Use: Opportunity Analysis and Industry Forecast, 2019-2026," the U.S. On the basis of architecture, the application-specific integrated circuit (ASIC) segment is anticipated highest revenue share in hardware encryption market trends in 2018.