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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

08-04-2021 07:35 AM CET | IT, New Media & Software

Press release from: Adroit Market Research

Database Encryption Market

Database Encryption Market

The global database encryption market size was estimated to reach over usd 871.5 million in 2020, and projected to grow significantly with a cagr of 31.8% over the forecast period. Data is at the heart of any organization, and if it is lost or exposed, it may cause irreversible damage. Regulatory regulations are proposed in numerous cases to secure data, with severe penalties if the criteria are not satisfied or sensitive data is exposed. Organizations are under growing pressure from both internal and external sources to secure and manage data as a result of this problem. These expectations are altering the way people think about data security. As the cost of data breaches rises, it's more vital than ever to have a solid database encryption system in place. However, as data quantities grow by leaps and bounds, implementing proper security becomes more difficult.

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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)

Transparent Encryption

Column-level Encryption

File-system Encryption

Application- Level Encryption

Key Management

Deployment Model Overview, 2019-2028 (USD Million)

On-premise

Cloud

Operational Models Overview, 2019-2028 (USD Million)

Data-at-Rest

Data-in-Motion

Industry Vertical Overview, 2019-2028 (USD Million)

BFSI

IT & Telecom

Retail and E-commerce

Government and Public Sector

Healthcare

Aerospace & Defense

Others

Regional Overview, 2019-2028 (USD Million)

North America

U.S.

Canada

Europe

UK

Germany

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia-Pacific

Middle East and Africa

UAE

South Africa

Rest of Middle East and Africa

South America

Brazil

Rest of South America

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About Us :

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Us :

Ryan Johnson

Account Manager Global

3131 McKinney Ave Ste 600, Dallas,

TX 75204, U.S.A

Phone No.: USA: +1.210.667.2421/ +91 9665341414

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