Database Encryption Market To Gain Substantial Traction Through 2030

The global database encryption market was valued at USD 795.35 million in 2021 and will reach USD 3881.72 million by 2027 , representing a CAGR of 30.24% from 2021 to 2027. Increasing demand for cloud-based encryption software, security of stored data, and prevention of piracy or theft are major drivers of the database encryption market. Furthermore, the continuous increase in R&D spending by market players to diversify their applications in untapped enterprises is expected to further enhance consumption worldwide. However, factors like high cost of encryption solutions and lack of proper key management are some of the factors that are restraining the growth of the market.

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Database encryption can be defined as the process of translating data within a specific database from the plain text and encrypting it into a specific algorithm. There are several algorithms available for using encryption. Specific keys related to the encrypted data are specified for these encryption algorithms. These keys act as a link between the encrypted data and the plaintext that the information was originally in.

Increasing acceptance of database encryption in the global market
In the current scenario, personal data lockers are used to secure an organization's personal and financial information for privacy. Database encryption is being adopted due to factors such as the increasing need for organizations to comply with regulatory standards, the growing demand for cloud-based databases, and the availability of flexible encryption software. The increase in cloud adoption also brings its own set of challenges, such as: B. Privacy and Security. Cloud services are often categorized by government agencies as a regulated approach to privacy and security, particularly for government/quasi-government and vital sectors. Cloud services have been subjected directly to stringent privacy laws such as the US government's "CLOUD Act",

The extensive use of smart devices, social media and virtual data storage in companies has increased the threats of data that can easily be lost or misused. Also, organizations store their personal information in databases in heterogeneous environments ranging from corporate networks to different types of clouds. With the increasing likelihood of data loss and data theft, organizations are deploying robust data encryption software that provides multi-level encryption regardless of the heterogeneous environment.

Impact of COVID-19 on Database Encryption Market
The prevalence of the COVID-19 pandemic has had a positive impact on database encryption company revenues due to the imposed lockdown and facility shutdown regulations. However, the post-pandemic has greatly increased in global production, data security has become a major factor and also a pain point for businesses, which is estimated to result in an additional need for database encryption for the end users. Players are also investing in tangible advances to minimize the price of database encryption globally and further influencing the consumption in the end-user market.

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scope of the report
The report outlines the global Database Encryption Market study based on Type, Deployment Type, Operating Models, End-Users, and Industries.

Based on Type, Database Encryption Market has been segmented into -
Transparent encryption
Column-level encryption
File System Encryption
Application level encryption
key management
Based on Deployment Type, the Database Encryption Market has been segmented into:
On the premises
Clouds
Based on the operating models, Database Encryption Market has been segmented into -
Data-at-Rest
data in motion
Based on End User, Database Encryption Market has been segmented into -
SMEs
company
Based on Industry, Database Encryption Market has been segmented into -
IT & Telecommunications
Banking, Financial Services and Insurance (BFSI)
healthcare
Retail and Ecommerce
Government & Public Sector
Aerospace & Defense
Others
Regional Outlook for the Database Encryption Market
From a geographic perspective, the global database encryption market has been segmented into five geographic regions: Asia Pacific, North America, Europe, South America, and Middle East & Africa. In 2020, North America held the largest database encryption market share, followed by Europe and Asia Pacific. Additionally, Europe is expected to project the highest CAGR in the world over the forecast period.

Key competitors in the global database encryption market include
The global database encryption market is highly fragmented with the presence of a large number of small players across the globe. The major database encryptions in the world market are -

IBM-Corporation
Symantec Corporation
PS
CISCO
Microsoft Corporation
Sophos
Shaped
McAfee (Intel Security)
Net-App
Oracle Corporation
Gemalto.
The Database Encryption Market report encompasses a thorough analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies of the major global market players. It includes an in-depth analysis of the factors influencing the global market and market statistics showing a regional and segment-wise market share/growth analysis. The report's study will provide an outlook of one of the most comprehensive market analysis, covering all aspects of the Database Encryption market.

Database Encryption Market report provides in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will provide an in-depth qualitative and quantitative assessment of the segmental/regional prospects with the presence of market players in each segment and each region/country. The information completed in the report includes the inputs.

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The Database Encryption Market report covers an exhaustive analysis on
Market segmentation and regional analysis
Market size of 10 years
price analysis
Supply and demand analysis
Product Life Cycle Analysis
Porter's five forces and value chain analysis
Analysis of industrialized and emerging countries
PEST-Analyse
Market and forecast factor analysis
Market opportunities, risks and trends
Conclusion & recommendation
regulatory landscape
Patentanalyse
competitive landscape
Over 15 company profiles
Regional analysis of Database Encryption Market includes
North America (USA, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, Great Britain, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, rest of Asia Pacific)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA
Target Audience of Database Encryption Market
telecom operator
Encryption Solution Provider
Internetdienstanbieter (ISPs)
Third party providers
system integrators
technological infrastructure
networking company
Application design and development provider
IT service provider
Providers of consulting services
Cloud Service Providers
Data center providers
colocation provider
government agencies
industry associations and organizations

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