Database Encryption Market, by Encryption Type (Transparent, Column-level, File-system), by Deployment Type (On-Premises, on Cloud), by Vertical (IT and Telecom, Manufacturing, BFSI, Retail, Government, Healthcare, Aerospace & Defence) – Forecast 2016-2022
Pune, India – December 7, 2018 —
Database encryption refers to using encryption techniques to convert plain text data on database into ciphertext to secure the integrity of enterprise database. Database security, a major concern for enterprises, primarily consists of access control and database encryption. Access control systems have been widely implemented for database security which is not the case with database encryption. Up till recently, database encryption was considered as a redundant measure by security professionals as it only becomes useful when all other security measures and policies fail. Additionally, application developers have been avoiding database encryption due to the additional complexity of design and implementation of both database and applications.
However, a number of recent public data breaches that could have been avoided through database encryption have changed the general perspective regarding the importance of encrypting a database. Added to that, government and privacy regulations such as the PCI Data Security Standard, have either endorsed or mandated encryption as a security measure to reduce the instances of data theft. Database security companies have started providing improved performance and manageability of their encryption offerings. In recent years the management and implementation burdens for database encryption along with its cost has reduced significantly.
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Major key Players
• PKWARE, Inc. (U.S.),
• Microsoft Corporation (U.S.),
• Trend Micro Inc. (Japan),
• Sophos Ltd. (U.S.),
• Symantec Corporation (U.S.),
• CheckPoint Software Technologies Ltd. (Israel).,
• IBM Corporation (U.S.),
• Intel (U.S.),
• SAS Institute Inc. (U.S.),
• Win Magic Inc. (Canada)
• EMC Corporation (U.S.)
According to MRFR, On the global scale, the 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.
Database Encryption market appears to be competitive in the coming years owning to the presence of numerous large players active in regional market. Microsoft Corporation, Trend Micro Inc., Sophos Ltd., Symantec Corporation, and Check Point Software Technologies Ltd. are some of the companies leading the Database Encryption market globally. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
The Database Encryption Market can be classified into 4 key segments as follows:
Segmentation by Encryption Type: Transparent, Column-level, and File-system.
Segmentation by Deployment: On-Premise and On-Cloud
Segmentation by Application: IT and Telecom, Manufacturing, BFSI, Retail, Government, Healthcare, and Aerospace &Defense.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
The global Database Encryption (BIM) market is estimated to grow at a promising rate in upcoming years. North America has witnessed to dominate the market due to increasing demand for cloud based data centers and availability of developed infrastructure. Europe is expected to generate second highest revenue for the market due to increasing cyber-attacks in the region which has created huge demand for data security solution. Asia-Pacific is expected to be the fastest growing region due to increasing initiatives by government to promote digitalization and increasing adoption of cloud services by organization for their routine work. However, Rest of the world which includes The Middle East & Africa and Latin countries are expected to grow with steady growth rate in coming years.
• Software Companies
• Database Software Developers
• Managers, IT Experts
• SMEs & Large Organizations
• Security Service Providers
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LIST OF TABLES
TABLE 1 GLOBAL DATABASE ENCRYPTIONMARKET, BY ENCRYPTION TYPE
TABLE 2 GLOBAL DATABASE ENCRYPTIONMARKET, BY DEPLOYMENT
TABLE 3 GLOBAL DATABASE ENCRYPTIONMARKET, BY VERTICAL
TABLE 4 GLOBAL DATABASE ENCRYPTIONMARKET, BY REGIONS
TABLE 5 NORTH AMERICA DATABASE ENCRYPTIONMARKET, BY COUNTRY
TABLE 6 NORTH AMERICA DATABASE ENCRYPTIONMARKET, BY ENCRYPTION TYPE
TABLE 7 NORTH AMERICA DATABASE ENCRYPTION MARKET, BY DEPLOYMENT
TABLE 8 NORTH AMERICA DATABASE ENCRYPTIONMARKET, BY VERTICAL
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Name: abhishek Sawant
Organization: Market Research Future
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This news is published on Reuters.