The Global Database Encryption Market was valued at USD 365.09 million in 2016 and is projected to reach USD 3936.39 million by 2025, growing at a CAGR of 30.24% from 2017 to 2025.
Database encryption is the process of converting data, within a database, in plain text format into a meaningless cipher text by means of a suitable algorithm. There are numerous algorithms available that are used for encryption which includes generation of keys related to the encrypted data. These keys set a link between the encryption and decryption procedures and the encrypted data can be decrypted only by using these keys. Database encryption provides confidentiality, authentication, data integrity, non-repudiation, and flexibility to the user.
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1. Market Drivers
1.1 Rising demand for cloud based encryption solutions
1.2 High availability of flexible encryption software
1.3 Increasing demand for cloud based database
1.4 Organizationâ€™s need to follow regulatory standards
2. Market Restraints
2.1 Costly encryption solutions
2.2 Poor encryption key management
2.3 Heterogeneous IT environment
The Global Database Encryption Market is segmented on the database operational model, database encryption type, deployment type, end user, vertical, and region.
1. By Database Operational Model:
2. By Database Encryption Type:
2.1 Key Management
2.2 Transparent Encryption
2.3 File-system Encryption
2.4 Column-level Encryption
2.5 Application- Level Encryption
3. By Deployment Type:
4. End User:
4.1 Large Enterprises
4.2 Small and Medium Organizations
5. By Vertical:
5.3 IT and Telecom
5.4 Banking, Financial Services, and Insurance (BFSI)
5.6 Aerospace and Defense
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Microsoft Corporation
2. IBM Corporation
3. Oracle Corporation
4. Symantec Corporation
5. Sophos Ltd
6. Intel Security (Mcafee)
7. Netapp, Inc.
8. Hewlett-Packard Company
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Database Encryption Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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