The spike in public database breaches is projected to boost the database encryption market 2020. The semiconductor and electronics reports are made by Market Research Future, which includes market options for progress. An optimistic CAGR is estimated to guide the market in the forthcoming period.
The accelerated use of database encryption solutions is estimated to be influenced by the drastic escalation in the user base. The necessity for database outsourcing and digitalization is estimated to motivate the database encryption market share in the upcoming period. Also, the occurrence of data theft have amplified significantly, and this is projected to benefit the database encryption market.
The market is predicted to guide its future growth with the inclusion of a balance of innovation and continual product enhancement. Besides, the need to ensure that the long-term sustainable growth goals are not comprised due to the existing difficulties is foreseen to be extremely important for the market stakeholders. The trends predominant in the market are contributing considerably to the market’s progress. The necessity to establish a unique advantage in the market is reviewed to have a substantial influence on the global market. The market contenders are estimated to support the growth enabling factors and thus are estimated to pull the market out of the depression due to the ongoing global pandemic. The emphasis on accelerating growth is estimated to take the main stage in the forecast period. The need to effectively engage customers in all of their geographical markets is estimated to help the market overcome the hindrances being faced currently.
The well-known contenders in the database encryption market are Trend Micro Inc. (Japan), Sophos Ltd. (US), Symantec Corporation (US), PKWARE, Inc. (US), Microsoft Corporation (US), IBM Corporation (US), Check Point Software Technologies Ltd. (Israel)., Intel (US), Win Magic Inc.(Canada), SAS Institute Inc. (US), and EMC Corporation (US).
The segmental assessment of the database encryption market is conducted based on deployment, vertical, region and, encryption type. On the basis of deployment, the database encryption market is bifurcated into on-cloud and on-premise. On the basis of vertical, the database automation market is segmented into manufacturing, healthcare, BFSI, retail, government, IT & telecom, aerospace & defense, and others. On the basis of the encryption type, the database encryption market is segmented into file-system, transparent, column-level, and others. On the basis of region, the database automation market is segmented based on North America, Europe, Asia-Pacific, and other important regions.
Detailed Regional Analysis
The regional investigation for the database encryption market size is conducted for North America, Europe, Asia-Pacific, and other important regions. The database encryption market is controlled by the North American region. The contribution of significant market players in the US and Canada is motivating the espousal of the database encryption in this region. The developing need for cloud services and solutions is also anticipated to lift the progress of database encryption market in this region all through the forecast period. In the course of the forecast, the database encryption regional market in the Asia-Pacific is estimated to develop at the highest speed. The collective tendency of BYOD and mobility among organization has contributed to the increasing importance of database security solutions which is motivating the development of the database encryption market. Growing implementation of database encryption products in small and medium enterprises in the APAC countries will create an advantage in the market. The augmented manageability and ease of application of database encryption solutions in IT enterprises is compelling the evolution of the database encryption market in the European region.