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Database Encryption Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

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Database encryption is a technology used for protecting databases containing important and confidential information. Using this technology, simple data stored in the database would be converted into an encrypted format. This encrypted data would be unreadable to anyone who doesn’t have the encryption key. Database encryption is based on three important security features which are integrity, confidentiality and availability. Important functions such as application of predefined restrictions, prevention of data corruption and reliable and regular access to the database are performed with the help these security features.

Regulatory and compliance requirements are the major driving factors for the data encryption market. Regulatory requirements such as health insurance portability and accountability (HIPAA) for healthcare and payment card industry data security standard (PCI DSS) for banking financial services and insurance (BFSI) have forced enterprises worldwide to implement data protection techniques. Introduction of new mobile devices, comprehensive usage of social media and virtual storage applications in the enterprises generate vast amount of data. Protecting this data is important as it contains valuable information pertaining to customers and enterprises. Database encryption is the choice of organizations to protect their vulnerable data, further driving the database encryption market. Also, flexibility of the database encryption solutions is helping to increase its popularity. With the help of flexible data encryption solutions, encrypted data could be easily transferred to removable devices such as USBs or CDs/DVDs. However, high costs associated with these solutions and erroneous management of encryption key are restraining the growth of database encryption market. Cloud services are providing tremendous growth opportunities to database encryption market. Furthermore, easy implementation of the data encryption solution with the help of cloud technology has helped the customers to use it irrespective of the location and time.

Database encryption market is segmented on the basis of type, mode of deployment, size of the enterprise and industry verticals. On the basis of type, database encryption market is segmented into database encryption types and database operational models. Database encryption types include file system encryption, application level encryption, column level encryption, transparent/external encryption and key management. There are two operational models used in the database encryption market which are data-at-rest and data-in-motion. Database encryption solutions are deployed using on-premise and cloud deployment techniques. Furthermore, according to the size of the enterprise database encryption market is segmented into small and medium enterprises and large enterprises. Database encryption solutions are used in various industries such as banking, financial services and insurance (BFSI), healthcare, government and public sector, retail and e-commerce, IT and telecom, aerospace and defense and others. On the basis of geography, the global database encryption market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. North America is predicted to experience significant growth among all regional segments in the coming years, due to the large amount of data generated from the adoption of cloud technology and mobility solutions.

The global database encryption market is highly competitive in nature and is marked with the presence of several international and domestic key players. Major players in the database encryption market include IBM Corporation, Symantec Corporation, Netapp, Inc., Microsoft Corporation, Hewlett-Packard Company, Oracle Corporation, Intel Security (Mcafee), Vormetric Inc., Gemalto NV, and Sophos Group plc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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