Database Encryption Market Overview
In its research report, Market Research Future (MRFR), highlights
that the global database
encryption market 2020 is poised to grow exponentially over the
review period, securing a substantial market valuation and a healthy CAGR over
the review period.
Database Encryption Market 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.
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Database Encryption Market Regional
Analysis
The global business regional analysis was conducted in four major
regions including Asia Pacific , North America, Europe and the rest of the
world.
At the moment North America dominates the global demand for
encryption of databases. The presence of key market players including Microsoft
Corporation, Intel and Win Magic Inc. is driving the deployment of the database
encryption market in this region, among others in the US and Canada. The rising
demand for cloud services and solution is also expected to fuel the growth of
this region's market for data base encryption during the forecast period.
During the review period Asia-Pacific is expected to grow at the
highest rate on the global data base encryption market. Rising trend in
mobility and BYOD among organizations has led to the growing importance of
database protection solutions that drive the growth of this region's data base
encryption market. Growing adoption of database encryption solutions in small
and medium-sized enterprises in countries such as China and Japan drives the
growth of the region's data base encryption market. Europe is expected to make
a significant contribution to the demand for data base encryption over the
forecast period. Increased manageability and ease of implementing database
encryption solutions in IT businesses is driving market growth in the area.
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Database Encryption Market Segmental
Analysis
The global database encryption market 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.
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)
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