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The Data Encryption Hardware Market has experienced significant growth driven by escalating concerns around data security and privacy. Estimated at USD 1.73 billion in 2024, the market is poised to expand robustly, reaching an estimated USD 5.17 billion by 2037. This growth trajectory corresponds to a Compound Annual Growth Rate (CAGR) of approximately 8.3% during the forecast period from 2025 to 2037. The expanding digital ecosystem, increasing cyber threats, and stringent regulatory compliance worldwide underpin this accelerating demand for encryption hardware solutions.
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