Friday, March 29, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Technology and Telecom IT And ITES Rise in Demand for Cloud-Based Database Expected to Drive Global Database Encryption...

Rise in Demand for Cloud-Based Database Expected to Drive Global Database Encryption Market: Ken Research

The database encryption is a technology being widely used with an objective to protect databases containing vital & confidential information. Using database encryption technology the simple data stored in database is converted to an encrypted format. This encrypted data is expected to be unreadable without encryption key. The use of database encryption is based on the three important security features that maintain the integrity, confidentiality and availability. The important functions associated to application of the predefined restrictions, prevention of data corruption, reliable and regular access over the database being performed by using these security features.

According to study, Global Database Encryption Market to reach USD 4613.05 Million by 2026”. Some of the key companies operating in the global database encryption market are IBM Corporation, Microsoft Corporation, Symantec Corporation, Win Magic Inc, Intel, Check Point Software Technologies Ltd., Gemalto, EMC Corporation, Oracle, Trend Micro Inc. Many of the organizations are further using the database encryption over many applications associated to communication encryption, disk encryption, cloud encryption, file & folder encryption and many others.

Based on type, database encryption market is segmented as database operational models and database encryption types. Database operational models include data-in-motion and data-at-rest. Database encryption types include file system encryption, transparent or external database encryption, application level encryption, column level encryption and key management. Based on deployment model, market is segmented as cloud deployment and on-premises.  Based on organization size, market is segmented as large enterprises and small & medium enterprises (SMEs). In addition, based on vertical, market is segmented as government & public sector, Banking, Financial Services, and Insurance (BFSI), retail & e-commerce, healthcare, IT & telecom, aerospace & defense and others.

The database encryption market is driven by rise in demand for cloud-based database, followed by increase in need of organizations to comply with regulatory standards, rise in focuses on compliance adherence, wide availability of different type of flexible encryption solutions, ease of deployment, increased scalability, flexibility of database encryption solutions and growth in availability of flexible encryption software. However, lack of proper key management and high cost encryption solutions may impact the market. Moreover, rise in demand for cloud based encryption solutions is a key opportunity for market.

Based on geography, the North-American region accounts largest share in the global database encryption market owing to rise in cases of cyber attacks and growth in adoption of Bring Your Own Devices (BYOD), mobility and cloud services in the region. Whereas, the Asian-pacific region is anticipated to witness higher growth rate due to presence of favorable government norms regarding protection of database from thefts and cyber attacks over the forecast period. In upcoming years, it is estimated that future of the market will be bright because of growth in digitalization & outsourcing of databases coupled with increase in a number of public database breaches during the forecast period. The database encryption global market was valued approximately US$572.52 Million in 2018 and it is further expected to increase with a growth rate of more than 29.8% over the forecast period.

For More Information, refer to below link:-

Global Database Encryption Market

Related Report:-

Global Database Encryption Market 2020 by Company, Regions, Type and Application, Forecast to 2025

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

RELATED ARTICLES

Threads of Innovation: Exploring the Global Landscape of Telecom and Networking Industry

Introduction: - In the tapestry of our interconnected world, the Telecommunications and Networking market emerges as the weaver, intertwining threads of connectivity and innovation. Recent...

Accenture PLC: Leading the Charge in Europe Blockchain in the BFSI market with Innovation and Technology

Buy Now Accenture Plc an Irish-American professional service company is one of the leading service providers in the Europe Blockchain in the BFSI market. Accenture...

Smart Parking for Smart Cities: Unveiling the Future of US Parking Management

Buy Now What is the Size of US Parking Management Industry? US Parking Management industry is growing at a CAGR of ~% in 2017-2022 and is...

Most Popular

From Humble Beginnings to a $52 Billion Boom: Unveil Opportunities in India’s Booming Interior Design Market

India's interior designing market is witnessing a remarkable transformation, driven by various factors. This blog delves into the market size, growth projections, key trends,...

Smartphone Industry Insights: Navigating Growth, Trends, and Opportunities

The smartphone industry is a juggernaut, weaving itself into the fabric of our daily lives. From communication to commerce and entertainment, these pocket-sized powerhouses...

Theme Park Boom: Market Size, Trends & Top Players Shaping the Thrilling Future

The theme park industry isn't just about roller coasters and cotton candy anymore. It's a multi-billion dollar global phenomenon, offering immersive experiences that cater...

The Analysis on Global Capital Market, Industry and Report

The world of finance can be a complex labyrinth, especially when terms like "global capital markets" and "investment banking" get thrown around. While they're...