Global Database Encryption Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching US$ XX Mn.
Global Database Encryption Market Drivers and Restrains
At the core of every organization is data, which if lost or exposed might cause irretrievable damage to the organization. In several instances, regulatory requirements are planned to safeguard data with high penalties if the requirements are not met or if sensitive data is exposed. Due to this Problem, Organizations are facing increased pressure from internal & external sources to protect and manage data. These demands are changing the view around securely handling data. With the impact of data breaches continuing to rise, it is likewise becoming increasingly urgent to implement dependable database encryption. However applying appropriate security is also becoming more challenging as data volumes are increasing by leaps and bounds.
Small and medium-sized enterprises are expected to exhibit the highest adoption rate; the wide adoption of cloud-based database will present the new opportunities & growth prospects to drive the database encryption market during the forecast period. There has been a steady increase in organizations with an encryption strategy applied constantly across the entire enterprise. In turn, there has been a steady decline in organizations not having an encryption plan or strategy.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Deployment of an overall encryption strategy in Enterprises:
Global Database Encryption Market1
Geographically, the Database Encryption Market is segmented by Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. Among all the regions North America held the dominant market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2026, with a CAGR of XX%. Thanks to the existence of leading countries like Canada and the United States. Technological advancement, increase in the number of data encryption market owing to the Government Data Rules & presence of several key players, which uses Database Encryption are fueling the regional market growth during the forecast period.
Asia Pacific is considered to be the fastest growing region in the Database Encryption market due to the increased use of encryption in all industries like manufacturing, hospitality and consumer products.
Scope of the Global Database Encryption Market
Global Database Encryption Market, by Types:
• Transparent Encryption
• Column-level Encryption
• File-system Encryption
• Deployment Types- Level Encryption
• Key Management
Global Database Encryption Market, by Deployment Types:
• Cloud Deployment
Global Database Encryption Market, by Organization Size:
• Small and Medium Enterprises
Global Database Encryption Market, by Vertical:
• Government and Public Sector
• Retail and E-Commerce
• IT and Telecom
• Aerospace and Defense
Global Database Encryption Market, by Region:
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Database Encryption Market ,Key Players
• International Business Machines Corporation
• Symantec Corporation
• Intel Security (Mcafee)
• Microsoft Corporation
• Oracle Corporation
• Netapp, Inc
• Hewlett-Packard Company
• Sophos Ltd
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