Type of Article: MacTech Blog

Hardware encryption market to be worth $166.7 billion by 2018

According to MarketsandMarkets (www.marketsandmarkets.com) the total hardware encryption market is expected to reach roughly US$166.67 billion by 2018, growing at an explosive CAGR [compound annual growth rate] of 62.17% for the period of 2013 to 2018.

Encryption of data is a process of converting it into a form, where it becomes unintelligible to any person without access to a key/password to decrypt the data. The two forms of encryption that exist currently are the hardware-based encryption and software based encryption.

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Robust traffic spurs demand for 3G/4G gateways

ABI Research (www.abirsearch.com) has found that the overall 2012 wireless network equipment market was quite challenging for infrastructure vendors, but the incessant demand for 3G and 4G mobile broadband will continue to drive demand for mobile packet core equipment. The Mobile Packet Data Core Network infrastructure market will reach $1.8B in 2013.

“Continued growth in 3G and 4G traffic will propel the Mobile Packet Core Infrastructure to a cumulative $10B market over the next five years,” says Joe Hoffman, principal analyst at ABI Research.

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Cyber security spending in critical infrastructure to hit $46 billion globally

The digitization of critical infrastructures has provided substantial benefits in terms of socio-economic developments — improved productivity, better connectivity, greater efficiencies. Yet some of these attributes also carry significant risks.

Always-on Internet connectivity has ushered in a new cyber-age where the stakes are higher. Disruption and destruction through malicious online activities are the new reality: cyber-espionage, cyber-crime, and cyber-terrorism. Despite the seemingly virtual nature of these threats, the physical consequences can be quite tangible.

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