The Hard Drive Degausser Market is Predict to reach USD 166.43 Million by 2031, at a CAGR of 7.6%

Hard Drive Degausser Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Hard Drive Degausser Market size is expected to reach $166.43 million by 2031, rising at a market growth of 7.6% CAGR during the forecast period.

The Defense & Government segment is leading the Global Hard Drive Degausser Market by Application in 2023; thereby, achieving a market value of $47.73 million by 2031. The defense and government sector drives the adoption of hard drive degaussers due to the critical need for secure data destruction of classified and sensitive information. Compliance with stringent regulations, such as those enforced by the National Security Agency (NSA) in the United States and equivalent standards globally, requires high-performance degaussers to render data irretrievable. These devices are vital in ensuring national security and preventing unauthorized access to sensitive information.

The Capacitive Discharge Degaussers segment registers a CAGR of 7.8% during (2024 - 2031). These devices are driven by their ability to generate extremely strong and consistent magnetic fields, which are ideal for securely erasing data from high-coercivity drives used in sectors like defense, government, and broadcasting. Their advanced functionality makes them particularly valuable in applications requiring the erasure of classified or highly sensitive information. The growing focus on compliance with stringent data protection regulations further boosts their adoption in specialized industries.

Full Report: https://www.kbvresearch.com/hard-drive-degausser-market/

The North America region dominated the Global Hard Drive Degausser Market by Region in 2023; thereby, achieving a market value of $64.1 million by 2031. The Europe region is expected to witness a CAGR of 7.3% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 8.2% during (2024 - 2031).

List of Key Companies Profiled

• Garner Products, Inc.
• Magnetic Products, Inc.
• Security Engineered Machinery Co., Inc.
• Proton Data Security, LLC
• Intimus International Group
• Data Security, Inc.
• Whitaker Brothers Business Machines, Inc.
• MBM Corporation
• Beijing Heshenda Information Security Technology Co., Ltd.

Hard Drive Degausser Market Report Segmentation

By Type

• Coil Degaussers
• Capacitive Discharge Degaussers
• Permanent Magnet Degaussers

By Application

• Defense & Government
• Financial Company
• Data Storage Company
• Hospital
• Radio/TV/Broadcasting
• Other Application

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports: