Press release
Data Encryption Market Projected to Hit USD 38.73 Billion at a healthy CAGR of 16.3% by 2030 - Report by Market Research Future (MRFR)
Data Encryption
Market Research Future (MRFR), in its latest data encryption market report, asserts that the market is poised to grow at a massive CAGR during the review period (2020-2027). BFSI, healthcare, and manufacturing sectors are rapidly shifting their traditional data storage methods to cloud-based data storage, thereby requiring high-security solutions. Also, the increasing rate of digital data transmissions via smartphones and evolving network security create substantial market demand.
Click Here to Get Sample Premium Report @ https://www.marketresearchfuture.com/sample_request/1733
Major Players:
Players leading the global data encryption market include IBM Corporation (US), Microsoft Corporation, (US), Symantec Corporation (US), HP (US), Intel Security (US), Oracle Corporation (US), Netapp Inc. (US), Gemalto (The Netherlands), Vormetric Inc. (US), and FireEye, Inc. (US).
Additionally, the high demand for data encryption services by the healthcare sector, alongside the increased digital technology growth that has increased vulnerability of data loss or cyber-attacks in telecommunications, boosts the market growth. Data encryption market trends, such as the growing integration to enhance multi-factor authentication and access management & SSO services in eCommerce sectors, accelerate the market's growth.
Global Data Encryption Market - Segments
The report is segmented into encryption type, deployment, modern vertical, and regions. The encryption type segment is sub-segmented into basic & transparent, column-level, advanced file-system, and others.
The deployment segment is sub-segmented into the latest on-cloud and advanced on-premise. The vertical segment is sub-segmented into IT & telecom, manufacturing sector, BFSI, retail sector, government, healthcare sector, aerospace & defense industry, and others.
Global Data Encryption Market - Regional Analysis
North America leads the global data encryption market. The largest market share attributes rapid deployments of data encryption solutions and services across industry verticals for securing IoT devices and sensors. Besides, the presence of several industry players and efficient agencies working against cybercrimes drives market growth.
Moreover, large technological advancements and investments made in securing IoT environments foster market growth. Rapid adoption of mobile applications in IT & telecom, banking, government, energy & utility services boosts market demand. The US, with its vast technological advances and large-scale implementations of IoT solutions, dominates the regional market, followed by Canada and Mexico, respectively.
Europe stands second in the global data encryption market. The market is driven by increasing data encryption solutions in government establishments to protect confidential data. Additionally, the vast adoption of advanced analytics by small & large organizations to protect IoT data pushes the market growth.
Also, increased data security issues due to the rising adoption of BYOD policies and malicious software propel the market growth. Furthermore, increased adoption of IoT and IIoT devices substantiates the development of data encryption solutions.
The Asia Pacific data encryption market is growing rapidly. Factors such as increasing cyber-attacks and rapid deployments of data encryption solutions & services across industry verticals for securing IoT devices and sensors impact the market growth in the region positively. Moreover, substantial technological advancements and investments in securing IoT environments foster market growth.
Rising demand for IoT solutions in banking & financial services, media & entertainment, and manufacturing sectors increases market size. The APAC data encryption market is forecasted to register the highest CAGR over the review period.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/data-encryption-market-1733
On the basis of Geographic Segmentation:
North America
Europe
APAC
South America
MEA
North America:
US
Canada
Mexico
Europe:
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific:
China
India
Japan
Rest of Asia-Pacific
Rest of the World:
The Middle East
Africa
South America
The basic Intended Audience:
Database Administrators
Cloud solution providers
Software integrators
Cybersecurity providers
IT enterprises
Technology investors
Regulatory industries
Associations and forums related to database encryption
Government bodies
Market research firms
Data Encryption Market - Competitive Analysis
Highly competitive, the data encryption market appears fragmented, with several well-established players forming a competitive landscape. These players incorporate strategic approaches to gain a larger competitive share. The market would witness intensified competition with increased R&D innovations and M&A.
Check Discount: https://www.marketresearchfuture.com/check-discount/1733
Industry/ Innovation/ Related News:
May 26, 2021 --- Keysight Technologies, Inc. (the US), a leading technology company delivering advanced design & validation solutions, accelerating innovation in the connecting world, announced the first Media Access Control Security (MACsec) Test Solution for high-speed Ethernet, which provides encryption testing to secure data in motion in cloud and data center environments.
Related Reports:
https://www.marketresearchfuture.com/fr/reports/enterprise-vsat-market-8146
https://www.marketresearchfuture.com/fr/reports/gdpr-services-market-7189
https://www.marketresearchfuture.com/fr/reports/pc-as-a-service-market-6380
https://www.marketresearchfuture.com/fr/reports/web-content-management-market-4195
https://www.marketresearchfuture.com/fr/reports/edge-computing-market-3239
https://www.marketresearchfuture.com/fr/reports/fraud-detection-prevention-market-2985
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR's approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Encryption Market Projected to Hit USD 38.73 Billion at a healthy CAGR of 16.3% by 2030 - Report by Market Research Future (MRFR) here
News-ID: 2774939 • Views: …
More Releases from Market Research Future (MRFR)
Two-Factor Authentication Market Growth to Hit USD 31,084.5 Million at a 34.7% C …
Two-Factor Authentication Market Overview
The Two-Factor Authentication (2FA) Market is witnessing robust growth as businesses and individuals increasingly prioritize security to protect sensitive information. 2FA is a security method that requires users to provide two forms of identification before accessing accounts or systems, significantly reducing the risk of unauthorized access. The growing digital transformation across industries and the surge in online transactions have exposed organizations to rising cyber threats, phishing attacks,…
Task Management Software Market Forecasted to Surpass USD 11.94 Billion with 13. …
Task Management Software Market Overview
The Task Management Software Market is expanding steadily as organizations across industries embrace digital tools to streamline workflows and improve productivity. Task management software enables teams to create, assign, prioritize, and track tasks in real-time, reducing delays and ensuring accountability. Businesses are increasingly relying on these platforms to enhance collaboration, particularly in remote and hybrid work environments. Task Management Software Market size is projected to grow…
Identity and Access Management Market to Surge at 8.04% CAGR, Reaching USD 40 Bi …
Identity and Access Management Market Overview
The Identity and Access Management (IAM) Market has emerged as a critical segment within the cybersecurity landscape, enabling organizations to control user access and protect sensitive data effectively. As enterprises transition toward digital ecosystems, the demand for robust IAM solutions has grown significantly. IAM software and services help organizations manage user identities, authenticate users, and govern access rights across on-premises and cloud environments. The Identity…
Web3 Marketing Market Size to Reach USD 12,879.2 Million, With a CAGR of 26.5% b …
Web3 Marketing Market Overview
The Web3 Marketing Market is witnessing remarkable growth as decentralized technologies reshape the global digital marketing ecosystem. Web3 introduces a decentralized internet infrastructure built on blockchain, smart contracts, NFTs, and decentralized applications (dApps). Unlike Web2, where centralized platforms control data and advertising networks, Web3 empowers users with data ownership and transparent transactions. Web3 Marketing Market size is projected to growto USD 12,879.2 million by 2032, exhibiting…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
