Database Encryption Market is one of the rapid emerging endpoint data security solutions. Many organizations and institutes are adopting database encryption for their data safety against cyber-attacks. Organizations can establish strong backup which can store sensitive data against threats. Database encryption also ensures the guarantee to access the encrypted data for the authorized users by providing master encryption keys. Database Encryption has reduced the hacking, unplanned downtime and operational cost of business.
The key trend observed in data encryption market is rising in new technologies, mobility, digitization, cloud and virtualization of a server for secured data. Therefore many organization is moving towards database encryption to secure their sensitive data.
Database Encryption Market: Drivers and Challenges
One of the key drivers for database encryption market growth is regulatory and compliance requirements which include banking financial services, payment card industry, health care accounts, organizations financial details, government details, and others.
Another driving factor for database encryption market is the use of web-based applications and smartphones which generate huge amount of data, which needs to be stored in a secured manner. Due to cloud services, there is rapid growth in database encryption market. Many customers are using data encryptions with the help of cloud technology, as the implementation of database encryption is easy.
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Many organizations are using database encryption for many applications like communication encryption, disk encryption, cloud encryption, file and folder encryption and others, so the demand for organizations has increased tremendously for database encryption in the market.
However many organizations fail to take advantage of data encryption, due to its high cost, and some organization believes that encryption solutions are difficult to deploy and manage.
Database Encryption Market: Segmentation
Segmentation on the basis of deployment:
- On Cloud
- On Premises
Segmentation on the basis of type:
Segmentation on the basis of industry:
- IT and Telecommunications
- Transportation and Logistics
- Defense and Government
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Database Encryption Market: Recent Contracts/Deals
Some of the key players in database encryption market are IBM Corporation, Symantec Corporation, Microsoft Corporation, Intel, Gemalto, Oracle, Win Magic Inc, EMC Corporation and others.
Database Encryption Market: Regional Overview
Database Encryption Market is currently dominated by North America and region due to fast development in global machinery production. Asia Pacific Database Encryption Market is expected to have the highest growth rate during the forecast period.