Database Encryption Market- Overview
The increasing threat to data security from hackers, and consumer concern for privacy has led wide adoption of encryption services by individual and organization. In order to safe data from hackers, companies are taking precautions and adopting critical encryption algorithms from experts such as PKWARE, IBM Corporation, EMC Corporation, and Microsoft. With passage of time, the database encryption technique is also improved and at present available in various forms. Media based encryption, transparent data encryption and application layer encryption are some of the emerging database encryption techniques.
The major growth driver of Database Encryption Market includes increasing cyber-attacks, high demand for cloud based datacentre, and increasing trend for BYOD especially among corporates. However, high cost of encryption solutions and lack of infrastructure are the major factors which are hindering the growth of Database Encryption Market
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) and EMC Corporation (U.S.) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Database Encryption Market.
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December 2017 – PKWARE, a leading provider of data security solution and services, introduced four virtual and hardware key management appliances. The appliances now can support persistent data encryption and offers enhanced security features for smart crypt appliances. These appliances can also support automated data discovery & remediation and eliminates the complexity of key generation, and synchronization.
December 2017 – Oracle Corporation announced expansion of its SOC security portfolio leveraging artificial intelligence and advanced automation technologies which can be used to analyse unified data sets and can address security breaches and performance outages.
October 2017 – Atos, a leading provider of digital transformation solution, introduced data encryption solution to protect sensitive data from cyber-attacks and to manage data security. This solution can be deployed on public, private and hybrid cloud as well as can be deployed on-premise. It is a modular architecture which offered various encryption tools to Chief Information Security Officers to protect data at all levels of the business.
Database Encryption Market- Competitive Analysis
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 CheckPoint 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.
Database Encryption Market- Segmentation
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.
Database Encryption Market- Regional Analysis
The global Database Encryption 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.
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