Global Hard Drive Degausser Market Growth 2019-2024

Hard drives store information magnetically on a spinning platter about 30% smaller than a CD. They also keep small amounts of data stored within RAM (Random Access Memory) chips found elsewhere in the casing. The only method of completely eliminating that information is to blast the hard drive with a magnetic field. The machines that do this are called Degaussers.
Hard Drive Degaussers are used to de-magnetize a hard drive and therefore erase the data on it. Degaussing is an NSA approved method of data erasure for hard drives. It is recommended that after using a degausser, a drive destroyer device is used to complete the secure data destruction.
Degausser is a machine used to eliminate data stored on computer and laptop hard drives, floppy disks and magnetic tape, by randomly changing the alignment of magnetic domains on the medium.
Degaussing takes its meaning from Johann Gauss (1777-1855) a mathematician who studied and worked on electro-magnetic fields. Data is stored on magnetic media by making very small areas called magnetic domains change their magnetic alignment to be in the direction of an applied magnetic field. Degaussing magnetic media leaves the domains in random patterns with no preference to orientation, thereby rendering previous data unrecoverable. A degausser is therefore used to completely erase all audio, video and data signals from magnetic storage media.
The market is driven by various end-user industries, such as defense and government, financial company, hospital, radio/TV/broadcasting, data storage company, education and so on. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.
Hard Drive Degaussers are used to de-magnetize a hard drive and therefore erase the data on it. Degaussing is an NSA approved method of data erasure for hard drives. It is recommended that after using a degausser, a drive destroyer device is used to complete the secure data destruction.
A degausser operates by generating an intense magnetic field, so strong that it permanently eliminates the magnetic memory stored in the iron oxide or chromium dioxide coatings. This randomizes the recorded information pattern. By changing the magnetic field on the tape or hard drive using a degausser, the information stored on it can effectively be destroyed. Degaussing hard drive is a complete, quick, silent and easy process. Hard drive components can be fully recycled once degaussed.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

According to this study, over the next five years the Hard Drive Degausser market will register a 5.0% CAGR in terms of revenue, the global market size will reach US$ 94 million by 2024, from US$ 70 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Hard Drive Degausser business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Hard Drive Degausser market by product type, application, key manufacturers and key regions and countries.

This study considers the Hard Drive Degausser value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Coil Degaussers
Capacitive Discharge Degaussers
Permanent Magnet Degaussers
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Defense and Government
Financial Company
Hospital
Radio/TV/Broadcasting
Data Storage Company
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Garner
VS Security
Security Engineered Machinery
Proton Data Security
intimus
Data Security, Inc
Whitaker Brothers
IDEAL.MBM Corporation
Beijing Heshenda Information
ZhongChaoWeiye

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Hard Drive Degausser consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Hard Drive Degausser market by identifying its various subsegments.
Focuses on the key global Hard Drive Degausser manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Hard Drive Degausser with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Hard Drive Degausser submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.