The database encryption is a technology being widely used with an objective to protect databases containing vital & confidential information. Using database encryption technology the simple data stored in database is converted to an encrypted format. This encrypted data is expected to be unreadable without encryption key. The use of database encryption is based on the three important security features that maintain the integrity, confidentiality and availability. The important functions associated to application of the predefined restrictions, prevention of data corruption, reliable and regular access over the database being performed by using these security features.
According to study, “Global Database Encryption Market to reach USD 4613.05
Million by 2026”. Some of the key companies operating in the
global database encryption market are IBM Corporation, Microsoft Corporation,
Symantec Corporation, Win Magic Inc, Intel, Check Point Software Technologies
Ltd., Gemalto, EMC Corporation, Oracle, Trend Micro Inc. Many of the organizations
are further using the database encryption over many applications associated to
communication encryption, disk encryption, cloud encryption, file & folder
encryption and many others.
Based on type, database encryption market is segmented as database
operational models and database encryption types. Database operational models
include data-in-motion and data-at-rest. Database encryption types include file
system encryption, transparent or external database encryption, application
level encryption, column level encryption and key management. Based on
deployment model, market is segmented as cloud deployment and on-premises. Based on organization size, market is
segmented as large enterprises and small & medium enterprises (SMEs). In
addition, based on vertical, market is segmented as government & public
sector, Banking, Financial Services, and Insurance (BFSI), retail &
e-commerce, healthcare, IT & telecom, aerospace & defense and others.
The database encryption market is driven by rise in demand for
cloud-based database, followed by increase in need of organizations to comply
with regulatory standards, rise in focuses on compliance adherence, wide
availability of different type of flexible encryption solutions, ease of
deployment, increased scalability, flexibility of database encryption solutions
and growth in availability of flexible encryption software. However, lack of
proper key management and high cost encryption solutions may impact the market.
Moreover, rise in demand for cloud based encryption solutions is a key
opportunity for market.
Based on geography, the North-American region accounts largest
share in the global database encryption market owing to rise in cases of cyber
attacks and growth in adoption of Bring Your Own Devices (BYOD), mobility and
cloud services in the region. Whereas, the Asian-pacific region is anticipated
to witness higher growth rate due to presence of favorable government norms
regarding protection of database from thefts and cyber attacks over the forecast
period. In upcoming years, it is estimated that future of the market will be
bright because of growth in digitalization & outsourcing of databases
coupled with increase in a number of public database breaches during the forecast
period. The database encryption global market was valued approximately US$572.52
Million in 2018 and it is further expected to increase with a growth rate of
more than 29.8% over the forecast period.
For More Information, refer to
below link:-
Global
Database Encryption Market
Related
Report:-
Global
Database Encryption Market 2020 by Company, Regions, Type and Application,
Forecast to 2025
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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