Market Synopsis of Database Encryption Market:
Technology is growing at very rapid speed and there is an increase in the adoption of cloud technology for the various purpose. Increasing security proliferation around the world is affecting the data security and organizations are finding new ways to make their data more secure. Database Encryption is a solution which allows the organization to protect their data. Industries such as Healthcare and BFSI which deals with most complex and valuable data’s are adopting database encryption method in order to keep their data more secure. On the global scale, Database Encryption Market has been valued at US ~$335 million in the year 2015 which is growing at rapid CAGR of ~26% and expected to reach at US ~$1.6 billion by the end of forecast period.
The Database Encryption Market has been segmented on the basis of Encryption Type, Deployment and Vertical.
- The Encryption Type includes- Transparent, Column-level, File-system
- The deployment includes- On Cloud and On Premises.
- The Verticals of Database Encryption Market are- IT and Telecom, Manufacturing, BFSI, Retail, Government, Healthcare, Aerospace &Defense among others.
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Study Objectives of Database Encryption Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Database Encryption Market
- To provide insights about factors affecting the market growth
- To analyze the Database Encryption market based on various factors- supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by Encryption Type, Deployment, Verticals and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Database Encryption Market.
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The prominent players in the market of Database Encryption are-
- PKWARE, Inc. (U.S.)
- Microsoft Corporation (U.S.)
- Trend Micro Inc. (Japan)
- Sophos Ltd. (U.S.)
- Symantec Corporation (U.S.)
- Check Point Software Technologies Ltd. (Israel)
- IBM Corporation (U.S.)
- Intel (U.S.)
- SAS Institute Inc. (U.S.)
- Win Magic Inc. (Canada)
- EMC Corporation (U.S.)
- Software Companies
- Database Software Developers
- Managers, IT Experts
- SMEs & Large Organizations
- Security Service Providers
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North America dominates the market of Database Encryption due to the presence of Global Players in this region. Growing cyber-attacks in North America is forcing the organization to take the necessary steps to protect the data. Europe holds second biggest position in the market whereas the Asia-Pacific has emerged as the fastest growing market. Growing economy of Asian countries such as India and China are inviting global players in this are some major factor which is supporting the market in Asia Pacific.
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