Uploaded on Dec 2, 2020
The regional analysis for global database encryption market is done for North America, Europe, Asia -Pacific and RoW
Database Encryption Industry
Market Highlights
The escalated requirement for encryption techniques that can convert plain text data is bolstering
the database encryption market. Reports that review the semiconductor and electronics industry
has been presented by Market Research Future, which produces reports on industry verticals that
appraise the market expansion and prospects. The market is expected to perceive an astounding
CAGR development in the forecast period.
Drivers and Restraints
Database encryption has grown in importance and demand has become a key concern for many
business enterprises as privacy and security. Database encryption is vital to securing data base
information integrity, and is widely adopted. Increasing a number of breaches of the public
database is driving the growth of the global market for encryption of databases. Increased
scalability, ease of implementation, and versatility of solutions for database encryption drives the
growth of the demand for data base encryption. Growing cloud-based software adoption across
different industries has increased the use of encryption solutions for the software. Increasing the
establishment of security companies in the database and the services offered drive market growth.
In addition , the growing availability of these services has had a very positive effect on business
development. In addition, increased adoption of BYOD, mobility, and cloud services is expected to
drive growth in the global market for data base encryption over the forecast period. Growing
digitalization and outsourcing of databases has increasingly called for better database security
solutions that have accelerated the acceptance of solutions for data base encryption. High cost and
difficulty associated with implementing database encryption solutions are, however, limiting the
growth of the demand for data base encryption. Lack of awareness of database encryption solutions
can be seen as another factor that hampers the growth of the global market for data base
encryption. However, as awareness grows gradually, the market is flooded with opportunities, and
advancement of IT technology is expected to result in the rendering of highly efficient data base
encryption service.
Segmentation:
The global database encryption industry is segmented on the basis of deployment, encryption type,
vertical, and, region.
Based on the encryption type, the global database encryption market is segmented into column-
level, transparent, file-system and others.
Based on the deployment, the global database encryption market is divided into on-cloud and on-
premise.
By vertical, the global database automation market is divided into manufacturing, IT and telecom,
BFSI, government, retail, healthcare, aerospace & defense, and others.
Regional Analysis
The regional investigation of the database encryption market is done for North America, Europe,
Asia Pacific, and RoW. The North American region at present dominates the database encryption
market. The presence of key market players in the US and Canada is motivating the implementation
of the market of database encryption in this region. The mounting demand for cloud services and
the solution is also anticipated to advance the augmentation of database encryption market in this
region through the forecast period. The Asia-Pacific region is anticipated to mature at the highest
rate in the database encryption market all through the forecast period. The rising trend of BYOD
and mobility among organizations has added to the mounting significance of database security
solutions which are motivating the intensification of the database encryption market in this region.
The escalating implementation of database encryption solutions in small and medium enterprises
in nations like Japan and China is energizing the development of the database encryption market in
the region. The European region is anticipated to add notably to the database encryption market all
through the forecast period. The increased manageability and effortlessness of the implementation
of database encryption solutions in IT enterprises are compelling the growth of the market in the
region.
Competitive Analysis
The major market players operating in the global market as slated by MRFR are PKWARE, Inc. (US),
Trend Micro Inc. (Japan), Microsoft Corporation (US), Symantec Corporation (US), Sophos Ltd. (US),
Check Point Software Technologies Ltd. (Israel).,IBM Corporation (US), SAS Institute Inc. (US), Intel
(US), Win Magic Inc.(Canada) and EMC Corporation (US) .
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