Database Encryption Industry


Sampeerzade1022

Uploaded on Dec 2, 2020

Category Technology

The regional analysis for global database encryption market is done for North America, Europe, Asia -Pacific and RoW

Category Technology

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Database Encryption Industry

Market Highlights The escalated requirement for encryption techniques that can convert plain text data is bolstering the database encryption market. Reports that review the semiconductor and electronics industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is expected to perceive an astounding CAGR development in the forecast period. Drivers and Restraints Database encryption has grown in importance and demand has become a key concern for many business enterprises as privacy and security. Database encryption is vital to securing data base information integrity, and is widely adopted. Increasing a number of breaches of the public database is driving the growth of the global market for encryption of databases. Increased scalability, ease of implementation, and versatility of solutions for database encryption drives the growth of the demand for data base encryption. Growing cloud-based software adoption across different industries has increased the use of encryption solutions for the software. Increasing the establishment of security companies in the database and the services offered drive market growth. In addition , the growing availability of these services has had a very positive effect on business development. In addition, increased adoption of BYOD, mobility, and cloud services is expected to drive growth in the global market for data base encryption over the forecast period. Growing digitalization and outsourcing of databases has increasingly called for better database security solutions that have accelerated the acceptance of solutions for data base encryption. High cost and difficulty associated with implementing database encryption solutions are, however, limiting the growth of the demand for data base encryption. Lack of awareness of database encryption solutions can be seen as another factor that hampers the growth of the global market for data base encryption. However, as awareness grows gradually, the market is flooded with opportunities, and advancement of IT technology is expected to result in the rendering of highly efficient data base encryption service. Segmentation: The global database encryption industry is segmented on the basis of deployment, encryption type, vertical, and, region. Based on the encryption type, the global database encryption market is segmented into column- level, transparent, file-system and others. Based on the deployment, the global database encryption market is divided into on-cloud and on- premise. By vertical, the global database automation market is divided into manufacturing, IT and telecom, BFSI, government, retail, healthcare, aerospace & defense, and others. Regional Analysis The regional investigation of the database encryption market is done for North America, Europe, Asia Pacific, and RoW. The North American region at present dominates the database encryption market. The presence of key market players in the US and Canada is motivating the implementation of the market of database encryption in this region. The mounting demand for cloud services and the solution is also anticipated to advance the augmentation of database encryption market in this region through the forecast period. The Asia-Pacific region is anticipated to mature at the highest rate in the database encryption market all through the forecast period. The rising trend of BYOD and mobility among organizations has added to the mounting significance of database security solutions which are motivating the intensification of the database encryption market in this region. The escalating implementation of database encryption solutions in small and medium enterprises in nations like Japan and China is energizing the development of the database encryption market in the region. The European region is anticipated to add notably to the database encryption market all through the forecast period. The increased manageability and effortlessness of the implementation of database encryption solutions in IT enterprises are compelling the growth of the market in the region. Competitive Analysis The major market players operating in the global market as slated by MRFR are PKWARE, Inc. (US), Trend Micro Inc. (Japan), Microsoft Corporation (US), Symantec Corporation (US), Sophos Ltd. (US), Check Point Software Technologies Ltd. (Israel).,IBM Corporation (US), SAS Institute Inc. (US), Intel (US), Win Magic Inc.(Canada) and EMC Corporation (US) .