Research Report Explores the Database Encryption Market Forecast 2025

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.

August 2019

Database Encryption

Database Encryption Market is one of the quick rising endpoint information security arrangements. Numerous associations and organizations are embracing database encryption for their information security against digital assaults. Associations can set up solid reinforcement which can store delicate information against dangers. Database encryption additionally guarantees the assurance to get to the encoded information for the approved clients by giving expert encryption keys. Database Encryption has diminished the hacking, impromptu personal time and operational expense of business.

Drivers and Restraints

One of the key drivers for database encryption advertise development is administrative and consistence necessities which incorporate banking budgetary administrations, installment card industry, human services accounts, associations money related subtleties, government subtleties, and others. Another driving element for database encryption market is the utilization of online applications and cell phones which create colossal measure of information, which should be put away in a verified way. Because of cloud administrations, there is quick development in database encryption showcase. Anyway numerous associations neglect to exploit information encryption, because of its surprising expense, and some association accepts that encryption arrangements are hard to convey and oversee.

Market Dynamics:

Market Drivers

  • Rising demand for cloud based encryption solutions
  • High availability of flexible encryption software
  • Increasing demand for cloud based database
  • Organizations need to follow regulatory standards

Market Restraints

  • Costly encryption solutions
  • Poor encryption key management
  • Heterogeneous IT environment

Market Segmentation:

The Global Database Encryption Market is segmented on the database operational model, database encryption type, deployment type, end user, vertical, and region.

By Database Operational Model:

  • Data-in-Motion
  • Data-at-Rest 

By Database Encryption Type:

  • Key Management
  • Transparent Encryption
  • File-system Encryption
  • Column-level Encryption
  • Application- Level Encryption 

By Deployment Type:

  • Cloud-base
  • On-premise 

By End User:

  • Large Enterprises
  • Small and Medium Organizations 

By Vertical:

  • Healthcare
  • Government 
  • IT and Telecom
  • Banking, Financial Services, and Insurance BFSI 
  • Retail
  • Aerospace and Defense
  • Others

The major players in the market are as follows:

  • Microsoft Corporation
  • IBM Corporation
  • Oracle Corporation
  • Symantec Corporation 
  • Sophos Ltd 
  • Intel Security Mcafee 
  • Netapp, Inc.
  • Hewlett-Packard Company
  • Vormetric
  • Gemalto 

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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