The Global Hard Drive Degausser Market Size is to Grow
from USD 101.23 Million in 2023 to USD 148.75 Million by 2033, at a
Compound Annual Growth Rate (CAGR) of 3.92% during the projected
period.
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Degaussing is a technique for permanently wiping
data from a hard drive that involves employing a powerful magnetic
pulse to disrupt the magnetic domains on the disk platters. This
procedure is often referred to as demagnetizing. Degaussing removes
the magnetic field that stores data on a hard disk. This eliminates
the local magnetic domains that hold the data, removing any traces.
This procedure safely destroys data on hard drives that are no
longer in use or are being disposed of. This protects against data
breaches and is an NSA-approved technique of data
deletion. Drives containing secret data from the Department of
Defense (DOD) must be degaussed before shredding. Degaussing
can save money since it allows you to reuse the hard disk rather
than purchasing a replacement. However, this technique is only
effective on magnetic media because it does not operate on
solid-state drives (SSDs), memory cards, or USB flash drives which
limits its usage.
Browse key industry insights spread across
210 pages with 140 Market data tables and figures & charts
from the report on the "Global Hard
Drive Degausser Market Size, Share, and
COVID-19 Impact Analysis, By Type (Permanent Magnet Degaussers,
Capacitive Discharge Degaussers, Coil Degaussers), By Application
(Financial Companies, Data Storage Companies, Defense &
Government, Hospitals), and By Region (North America, Europe,
Asia-Pacific, Latin America, Middle East, and Africa), Analysis and
Forecast 2023 - 2033."
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The capacitive discharge degaussers
segment is anticipated to hold the greatest share of the global
hard drive degausser market during the projected
timeframe. Based on the type, the global
hard drive degausser market is divided into permanent magnet
degaussers, capacitive discharge degaussers, and coil degaussers.
Among these, the capacitive discharge degaussers segment is
anticipated to hold the greatest share of the global hard drive
degausser market during the projected timeframe. Capacitive
discharge degaussers possess high power and strong magnetic fields
which are essential for data security in the government, banking,
and healthcare sectors, driving market growth.
The data storage companies segment is
anticipated to grow at the fastest pace in the global hard drive
degausser market during the projected
timeframe. Based on the application, the
global hard drive degausser market is divided into financial
companies,data storage companies, defense & government, and
hospitals. Among these, the data storage companies segment is
anticipated to grow at the fastest pace in the global hard drive
degausser market during the projected timeframe. Data storage
companies are increasing their investment in degaussing
technology to manage enormous amounts of sensitive information,
driven by fears about data breaches, regulatory compliance,
and correct disposal of obsolete storage devices.
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North America is expected to hold the
largest share of the global hard drive degausser market over the
forecast period.
North America is expected to hold the largest
share of the global hard drive degausser market over the forecast
period. The increasing demand for data destruction solutions in the
region is driven by strict regional laws, advanced techniques, and
the presence of leading technology providers and a well-established
IT infrastructure are some of the factors contributing to the hard
drive degaussers demand.
Asia Pacific is predicted to grow at the fastest
pace in the global hard drive degausser market during the projected
timeframe. The region's IT and data storage industries are quickly
increasing, particularly in China, Japan, and India, as a result of
improved digital infrastructure, enhanced data security awareness,
and regulatory requirements.
Competitive Analysis:
The report offers the appropriate analysis of
the key organizations/companies involved within the global market
along with a comparative evaluation primarily based on their
product offering, business overviews, geographic presence,
enterprise strategies, segment market share, and SWOT analysis. The
report also provides an elaborative analysis focusing on the
current news and developments of the companies, which includes
product development, innovations, joint ventures, partnerships,
mergers & acquisitions, strategic alliances, and others. This
allows for the evaluation of the overall competition within the
market. Major vendors in the Global Hard Drive Degausser Market
include Garner Products, Inc., VS Security Products Ltd., Proton
Data Security, Data Security, Inc., Whitaker Brothers, ZhongChao
Weiye, Sichuan Jiamei Xincheng, EDR Solutions, Security Engineered
Machinery (SEM), Intimus International, HSM GmbH + Co. KG, Verity
Systems Ltd., Applied Magnetics Laboratory, Inc., ACE Equipment
Company, Kroll Ontrack, LLC, and Others.
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Market SegmentThis study
forecasts revenue at global, regional, and country levels from 2020
to 2033. Spherical Insights has segmented the global hard drive
degausser market based on the below-mentioned segments:
Global Hard Drive Degausser Market, By
Type
-
Permanent Magnet Degaussers
-
Capacitive Discharge Degaussers
-
Coil Degaussers
Global Hard Drive Degausser Market, By
Application
-
Financial Companies
-
Data Storage Companies
-
Defense & Government
-
Hospitals
Global Hard Drive Degausser Market,
Regional
-
North America
-
Europe
-
Germany
-
UK
-
France
-
Italy
-
Spain
-
Russia
-
Rest of Europe
-
Asia Pacific
-
China
-
Japan
-
India
-
South Korea
-
Australia
-
Rest of Asia Pacific
-
South America
-
Brazil
-
Argentina
-
Rest of South America
-
Middle East & Africa
-
UAE
-
Saudi Arabia
-
Qatar
-
South Africa
-
Rest of the Middle East & Africa
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