Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the database encryption market provides in-depth
analysis of segments and sub-segments in the global as well as regional
database encryption market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional database encryption
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global database
encryption market. According to the report, the global database encryption
market is projected to grow at around a CAGR of 28% over the forecast period of
2021-2027. The market grew from around USD 1.3 billion in 2021 to over USD
5.7 billion in 2027.
Today’s Modern businesses have a
wealth of data, including financial data to customer demographics, which needs
to be kept private. Data encryption allows them, to protect data privacy while
keeping it accessible to authentic users. Moreover, encryption is not accurate.
It is a method of protecting data
confidentiality by converting it into encoded information called ciphertext,
which can only be decoded with a unique decryption key, generated either at the
time of encryption or beforehand. It can be also used during data storage or
transmission and is typically used in conjunction with authentication services
to ensure that keys are only provided to or used by official users. There are
numerous other data encryption algorithms to be chosen from, depending on the
use case Triple DES, RSA, Twofish, Blowfish, Format Preserving Encryption, The
Advanced Encryption Standard, Elliptic Curve Cryptography, etc. The COVID-19 outbreak had a significant
impact on this database encryption sector both positively across the globe. Pandemic
created hard times for manufacturing activities, development, production, and
logistic units across the various market. Due to government regulations imposed
across various countries the whole world had become more digitalized and
carried out most of its activities through internet resources on a larger
scale. During covid organizations started focusing on centrally managing
multiple cloud resources, increasing the importance of data security. Due to
covid situations the amount of data
stored in the clouds, followed by other issues such as performance,
availability, and security, necessitating Encryption software solutions and
services
With the increasing number of
public databases, breaches will be driving the growth of the Database
Encryption Market in the upcoming years. The benefits offered such as
scalability, ease of placement, and flexibility associated with database
encryption solutions are a few key factors that will propel the growth of the
Database Encryption Market. Furthermore, the high implementation cost required
for these database encryption solutions will hinder its market growth. Due to
lack of this expertise among technicians or operators and also it requires
highly skilled labor with good knowledge. Moreover, Cloud services are
providing tremendous growth opportunities to the database encryption market
growth
Among the regions, North America
accounted for the largest share of the global Database Encryption Market. The
demand for cloud-based services and solutions is increasing in this region.
Moreover, major key players are present in this region. Furthermore, a large
amount of data is been generated from the adoption of cloud technology and
mobility solutions in this region. However, the Asia Pacific region is
anticipated to grow at the highest rate in the global Database Encryption
Market over the forecast period. Due to the increasing advancements in
innovative technologies in financial markets and growing severe regulations in
developing countries like China, Japan, and India. Furthermore, these countries
are investing a number of federal budgets in developing cyber security systems
The report on global database
encryption market covers segments such as deployment, type, and industry. On
the basis of deployment, the sub-markets include on cloud, and on-premises. On
the basis of type, the sub-markets include transparent, column-level, and
file-system. On the basis of industry, the sub-markets include aerospace &
defense, BFSI, government, healthcare, manufacturing, and retail.
The report provides profiles of
the companies in the market such as IBM Corporation, Symantec Corporation,
Netapp, Inc, Microsoft Corporation, Hewlett-Packard Company, Oracle
Corporation, Intel Security (Mcafee), Vormetric Inc, Gemalto NV, and Sophos
Group plc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the database encryption market. Moreover, the study highlights current
market trends and provides forecasts from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.