Database Encryption Market Synopsis:
Database Encryption Market- Competitive Analysis
The Global Database Encryption Market has been evaluated as growing market and expected that the market will touch high growth figures in upcoming years.
PKWare, one of the leaders in encryption software recently introduced Smart crypt transparent data encryption (TDE) that protects sensitive and important information of enterprises on their servers. Major companies such as IBM, Microsoft, Symantec, PKWare, and Intel among others are developing database encryption solutions to their clients. Database Encryption reduces unplanned downtime, frequency of hacking and reduces operational cost of a business.
Market Research Future published a Half-Cooked Research Report on Database Encryption Market. The Global Database Encryption Market is expected to grow over the CAGR of around ~26% during the period 2016 to 2022 and expected to grow at market size of USD ~1.6 billion in 2022.
Key Players in Global Database Encryption Market
The major participants of this market are:
- Microsoft Corporation (U.S.)
- Sophos Ltd. (U.S.)
- Check Point Software Technologies Ltd. (Israel)
- Trend Micro Inc. (Japan), Symantec Corporation (U.S.)
- IBM Corporation (U.S.)
- SAS Institute Inc. (U.S.)
- Intel Security Group (McAfee) (U.S.)
- EMC Corporation (U.S.)
- Win Magic Inc. (Canada)
- Gem alto NV (France)
- PKWARE, Inc. (U.S.)
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Database Encryption Market Overview:
The Database Encryption can be segmented by database encryption type, by deployment type and by applications. By database encryption type, transparent, column level, and file-system technology among others is used to provide security over company’s sensitive data by transforming data into data covered by cipher text which can only decrypted by required receiver. Various application sectors such as IT & telecom, manufacturing, BFSI, retail, government, healthcare, aerospace & defence among others are showing fruitful opportunities for the Database Encryption market.
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Market Research Analysis:
Database encryption is a technique of providing secured network to store the important and sensitive data of a company. It is a technique of converting plain data into a cypher text by applying a suitable encryption algorithm. This cypher text would help in preventing data loss or threat of hacking among organizations. Changing enterprise industry and high adoption of cloud storage technology is increasing the growth of database encryption market.
The growing mobility and digitization trend is also fuelling the market growth of Database Encryption. However, strict government regulation and lack of skilled cyber-security professionals are the current challenges which are hampering the market growth.
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