Global Data Encryption Market Size, Share, Demand, & Growth Forecast to 2027

The Global Data Encryption Market is expected to grow at a CAGR of around 18.1% during 2022-27. The burgeoning adoption of cloud services & mobile devices is increasing the amount of data generated. With the surge in the data produced, the threat of data breaches is rising significantly, thereby infusing the demand for data encryption to safeguard the data against a multitude of online threats, such as identity thefts, frauds, and hacking.

Most companies & government bodies are susceptible to various kinds of malicious attacks, which might cause them substantial financial losses & might even result in bankruptcy. By adopting Data Encryption solutions, these entities can ensure the security of their valuable data and, in turn, drive the global market, further states the research report, “Global Data Encryption Market Analysis, 2022.”

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Disk Encryption is the Most Prominent Application in the Data Encryption Market

Disk encryption protects information by converting the data into unreadable code that cannot be decoded easily by an unauthorized individual. It helps provide encryption to the disk drive by encrypting every bit of data stored into a disk or disk volume. It means that everything present in the disk is encrypted to protect the data from accidental loss and theft. Further, even if encrypted disks are lost, the data access remains restricted. Hence, they are considered safe to secure data.

With Surging Data Volumes in India & China, Asia Pacific to Register Fastest Market Growth

The IT sector in Asia Pacific countries like India is expanding rapidly, leading to a surge in the volume of data generated in these industries. It is spurring the need for cloud servers for data storage, which, in turn, is fueling the demand for data encryption solutions. Further, the rising adoption of BYOD, IoT, Cloud Computing, etc., and growing retail businesses in China & India are fueling the demand for Data Encryption services across Asia-Pacific to secure the data produced.

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Moreover, the mounting need to follow stringent regulations regarding data security is driving the North America Data Encryption Market, reveals MarkNtel Advisors in their research report, “Global Data Encryption Market Analysis, 2022.”

According to MarkNtel Advisors, the leading players in the Global Data Encryption Market are HP, IBM Corporation, Microsoft Corporation, Symantec Corporation, Intel Security, Oracle, Gemalto, Netapp Inc., Trend Micro Inc., FireEye Inc., Dell Technologies, Inc., Thales e-Security, Inc., McAfee, Inc., Bitdefender, CipherCloud.

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Key Questions Answered in the Study
1. What are the current & future trends in the Global Data Encryption Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across the globe, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Data Encryption Market?
5. What are the customer orientation, purchase behavior, and expectations from the data encryption service providers across the globe?

Market Segmentation:
1. By Solutions (Types of Data Encryption [Data in Rest, Data in Transit, Data in Use])

2. By Method (Symmetric Encryption, Asymmetric Encryption. Hashing)

3. By Deployment (On-Premises, Cloud)

4. By Application (Disk Encryption, Folder Encryption, Database Encryption, Cloud Encryption, Others {End-to-End Encryption, Communication Encryption, etc.})

5. By Enterprises (Small & Medium-Sized Enterprises (SMEs), Large Enterprises)

6. By End-User (Government Organization, BFSI, Healthcare, Manufacturing, Automotive, IT & Telecom, Aerospace & Defense, Energy & Utilities)

7. By Region (North America, South America, Europe, Middle East & Africa, Asia Pacific)
8. By Country (The US, Canada, Mexico, Brazil, Argentina, The UK, Italy, Germany, France, Spain, Israel, Saudi Arabia, UAE, South Africa, China, India, Japan)

9. By Company (HP, IBM Corporation, Microsoft Corporation, Symantec Corporation, Intel Security, Oracle, Gemalto, Netapp Inc., Trend Micro Inc., FireEye Inc., Dell Technologies, Inc., Thales e-Security, Inc., McAfee, Inc., Bitdefender, CipherCloud)

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