Uploaded on Apr 10, 2020
The regional analysis for global database encryption market is done for North America, Europe, Asia -Pacific and RoW
Database Encryption Market Size
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.
The necessity to thwart damaging public data breaches is fuelling the development of the database
encryption market. The ability to ensure seamless scalability is another crucial factor motivating
the market for database encryption. Also, the enhanced availability of mobility and cloud services is
projected to create promising prospects for expansion in the upcoming period.
Segmentation:
The evaluation of the database encryption market is carried out on the basis of deployment,
encryption type, vertical, and region. On the basis of encryption type, the database encryption
market is segmented into column-level, transparent, file-system, and others. The deployment basis
of segmenting the database encryption market comprises of on-premise and on-cloud. On the basis
of vertical, the database automation market is segmented into manufacturing, IT and telecom, BFSI,
aerospace & defense, retail, healthcare, government, and others. Based on the region, the database
automation market is segmented into Europe, North America, Asia-Pacific, and the rest of the
world.
Regional Analysis:
The regional investigation of the database encryption market size 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 Dashboard:
The fluctuations in the currency are expected to stabilize and thus create a favorable impact on the
market. The uncertainty in the market is a critical factor that is driving the formulation of policies
and plans that will be applied to drive market growth. The competitors are devoting their resources
to ensure an optimum level of growth in the coming years. The competition level in the market is
found to be conducive to the advancement of the players who are operating in the market. The need
to capture a broader chunk of the profits is supporting the expansion of the market. The influence
of governmental policies is motivating further development in the market. The rise in the flow of
international transactions between nations is further inspiring the progress of the market. The
synergies being created between supply and demand forces in the market is expected to induce
further growth of the market.
Microsoft Corporation (US), Trend Micro Inc. (Japan), Symantec Corporation (US), Sophos Ltd. (US),
SAS Institute Inc. (US), IBM Corporation (US), PKWARE, Inc. (US), Intel (US), Check Point Software
Technologies Ltd. (Israel)., Win Magic Inc.(Canada) and EMC Corporation (US) are a few of the
prominent players summarized in the global database encryption market.
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