Database Encryption Market Future Trends, Key Statistics, & Global Revenue for 2021 | Intel Security (Mcafee), Microsoft Corporation, International Business Machines Corporation, Symantec Corporation, Netapp, Inc., Hewlett-Packard Company, Sophos Ltd., Vo
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Small and medium-sized businesses are projected to have the greatest adoption rate; the widespread use of cloud-based databases will provide new possibilities and development prospects, propelling the database encryption market forward throughout the forecast period. There has been a steady growth in the number of businesses who employ a continuous encryption approach across the board. As a result, the number of businesses without an encryption strategy or plan has steadily decreased.
Mobility, the ‘Bring Your Own Devices' idea, and cloud-based service technologies have all risen in popularity as a result of technological advancements. Cloud computing allows you to store and distribute enormous volumes of data. As a consequence of the increased usage of cloud-based services, database theft and infiltration have increased which has affected the adoption of database encryption applications or solutions and fueled the database encryption industry. Low cost, simplicity of operation, rising demand, and flexibility are the key drivers driving the worldwide database encryption market forward. The growing volume of company and consumer data created by businesses has increased the risk of data theft or hacking, pushing the use of database encryption solutions.
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The increased communication across various companies in various areas leads in the transfer of massive volumes of sensitive, personal, and business data, which necessitates the use of additional data encryption applications, propelling the worldwide market forward. The worldwide database encryption market is projected to be led by North America, followed by Europe. In terms of demand and revenue, Asia-Pacific is anticipated to be the fastest-growing database encryption industry. The expanding ‘Bring Your Own Devices' policy across various businesses, as well as increased communication among enterprises, fueled need for corporate data storage in a secure database, resulting in market development in the Asia-Pacific region.
The major players of the global database encryption market are Intel Security (Mcafee), Microsoft Corporation, International Business Machines Corporation, Symantec Corporation, Netapp, Inc., Hewlett-Packard Company, Sophos Ltd., Vormetric, Oracle Corporation and Gemalto among others. Renowned companies are offering new and modern database encryption software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Database Encryption Market
Type Overview, 2019-2028 (USD Million)
Application- Level Encryption
Deployment Model Overview, 2019-2028 (USD Million)
Operational Models Overview, 2019-2028 (USD Million)
Industry Vertical Overview, 2019-2028 (USD Million)
IT & Telecom
Retail and E-commerce
Government and Public Sector
Aerospace & Defense
Regional Overview, 2019-2028 (USD Million)
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of South America
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