Self-Encrypting Drive (SED) Management Software Market Size, Share, Growth, And Industry Analysis, By Type (SSD, HDD), By Application (IT & Telecom, BFSI, Government & Public Utilities, Manufacturing Enterprise, Others), Regional Insights, and Forecast From 2023 to 2030

Updated On: 15 May 2023

Self-Encrypting Drive (SED) Management Software Market Report Overview

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The global self-encrypting drive (SED) management software market size is expanded rapidly in 2021 and market is expected to generate substantial revenue by 2028, exhibiting a high compound annual growth rate (CAGR) from 2021 to 2028.

Self-encrypting drive (SED) management software is a solid-state drive (SSD), hard disk drive (HDD) that encrypts and decrypts drive data without the requirement for user intervention or disk data encryption. Essentially, data written to and accessed from the drive is continuously encrypted and decrypted from the day the SED departs the manufacturer and has been switched on within the host system. Unlike software-based disk encryption systems, no additional processes are required to encrypt and decode the drive's contents. With hardware-based whole disk encryption, users simply turn on the system and proceed as usual.

COVID-19 Impact: Interruption in Supply Chains to Deplete Market Growth

The eruption of COVID-19 has done act as a substantial restraint on some market in 2020, as businesses have been disrupted due to global government lockdowns. COVID-19 is a contagious disease that causes flu-like symptoms such as fever, coughing, and difficulty breathing. National governments' efforts to limit transfer have led to a decrease in business growth and confined trade in goods and services, with nations entering a 'lock down' state. The COVID-19 had a neutral impact on the expansion of the worldwide market growth. The COVID-19 epidemic's spread had a significant effect on the world market. Important developments and economic forces affected the market development after the pandemic.

Latest Trends

"Significant Technological Advances to Intensify Market Magnification "

The self-encrypting drive (SED) management software market share is influenced by factors such as significant technological advancements, strong market adoption of automation, and early acceptance of advanced technologies. Furthermore, the movement in the military industry, as well as the presence of eager industry players, are likely to drive the self-encrypting drive (SED) management software market growth throughout the analysis period. Furthermore, increased manufacturing infrastructure spending and Cloud Service usage both contribute to the expansion of the self-encrypting drive (SED) management software market.

Self-Encrypting Drive (SED) Management Software Market Segmentation

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• By Type Analysis

According to type, the market can be segmented SSD, HDD

SSD is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into IT & telecom, BFSI, government & public utilities, manufacturing enterprise, others

IT & telecom are the leading part of the application segment

Driving Factors

"Integration Factor to Boost Market Share"

Self-encrypting drive (SED) management software have a minor effect on performance speed; customers probably won't notice it. Because the software is completely integrated, there is no requirement for other components of the system to come in and do the hard lifting. Self-encrypting drive (SED) management software are among the most powerful security tools anyone can purchase. Because they are autonomous of an operating system, it is practically impossible for a hacker to retrieve the self-encrypting drive (SED) management software while the machine is turned off. Therefore, the integration facility of the service will uplift the self-encrypting drive (SED) management software market share.

"Manufacturing Segment to Expand Market Forwarding "

During the projected period, manufacturing enterprises is expected to dominate the self-encrypting drive (SED) management software market. Because of its advantages and ability to accommodate a broad range of specialized setups, the service is widely employed. The need for self-encrypting drive (SED) management software is increasing as it is being used in manufacturing applications—both process and discrete, laboratory/ R&D, automotive, and aerospace and defense industry.

Restraining Factors

"Associated Complexity to Deplete Market Advancement"

Once unlocked, typical self-encrypting drives will stay unlocked as far as power is available. This flaw can be exploited by changing the external environment of the device without cutting power, effectively keeping the disk unlocked. For example, researchers at the University of Erlangen-Nuremberg have demonstrated that it is feasible to restart the system into an attacker-controlled system without removing power to the disk. The team have also showed how to move the device to a different machine without losing power.

Self-Encrypting Drive (SED) Management Software Market Regional Insights

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"Rising Military Requirement to Foster Market Growth in North America "

In North America the rising military requirement for the self-encrypting drive (SED) management software is fueling the market growth. The country is one of the world's largest automated markets. The automotive manufacturing business has been one of the country's main revenue sources in the manufacturing sector.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• IBM (U.S.)
• Cisco (U.S.)
• Seagate (U.S.)
• Samsung (South Korea)
• Dell (U.S.)
• Nutanix (U.S.)
• Huawei (China)
• WinMagic (U.S.)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.