Global Data Encryption Market Research Report — Forecast 2027

Global Data Encryption Market Research Report, End-user (Aerospace & Defense, Automotive, BFSI, IT & Telecom, Healthcare, Manufacturing), Method (Asymmetric, Symmetric), Organization Size (Large Organizations), Deployment (On Premise)– Forecast till 2027

ID: MRFR/ICT/1201-HCR | February 2021 | Region: Global | 110 pages

Market Overview


The innovative concept of data encryption market is described as the fluent conversion of data from an existing readable format to an encoded format that is modern and latest. This can only be read or processed only by using a decryption key. The methods of Data encryption provide valuable data security in the most simple and efficient way, which guarantees the essential integrity of different user information which is being sent over the wide network base. The two primary methods which are basically applied and used for data encryption are very much symmetric key and asymmetric key methods. The basic symmetric key primarily involves the usages of similar keys for both modern encryption and decryption of various informative details, while asymmetric method uses multiple two separate keys at both ends for modern and latest encryption and decryption of data.


In today’s world of data encryption market, the increasing rates of bad and malicious data thefts and tons of data destruction are pretty much alarming. Various companies and government bodies have been primarily subject to different kinds of malicious attacks by arguable attackers, which has primarily led to a loss of a big chunk of money and, in few cases, results in bankruptcy. The encryption software market is solely based upon the latest technology, with new and emerging as well as innovative methods. The significant part of Europe and Asia is estimated to be the quickest growing area in data encryption market size.


COVID 19 Impacts and effects


Data encryption market share has been impacted. It is the method of quick conversion of data from an easily readable format to an encoded format which is definite that can only be easily processed or read applied through a decryption key. Data encryption market growth enables modern data security, basic integrity of user information is ensured, which is shared over a network. With the development of information technology, the rate of increase of data thefts and other unethical or unlawful activities has primarily raised cybersecurity concerns. Since the outbreak of COVID-19, the whole world has become more digitized than ever and only run or connected through the Internet at a large scale; this has upscale the data encryption market trends.


Market Dynamics


Drivers 
The rise in the number of basic public database breaches is primarily a basic factor that is driving the growth and development of the global data encryption market. Rising scalability, essential ease of deployment, and proper flexibility of basic database encryption solutions are driving the growth and rise of data encryption market forecast. Not only this, the increasing adoption of advanced cloud-based technical databases across a variety of industries has majorly accelerated the usages of various database encryption solutions. In addition to this, rising adoption of various BYOD, enhanced mobility, and basic cloud services is projected to drive the increasing rise of the data encryption market opportunities during the forecast period. Spreading of digitalization and basic outsourcing of databases have predominantly and increasingly called for better and superior database security solutions, which has particularly driven the quick adoption of modern database encryption solutions. But due to high cost and more complex processes which are associated with the modern implementation of informative database encryption solutions are forbidding the growth of the modern database encryption market. But because of the lack of awareness regarding database encryption solutions can be considered as another important element responsibly hampering the growth and development of the global data encryption market.

Opportunities 
According to a study of a recent report, approximately 55% of key business organizations are projected to raise their basic expenditure in the modern adoption of basic automation solutions using advanced Industrial IoT, latest computer vision, advanced artificial intelligence, proper machine learning, etc. For instance, the annual smart budget of the elected US Government for the fiscal year of 2021 has particularly allocated USD 18.8 billion to federal latest cybersecurity programs and related initiatives. Data encryption software assists in protecting definite confidential information, which is primarily stored in modern computing systems, while properly ensuring that modern files are safely shared as per the norms and compliance as per security requirements. 

Restraints
The prominent participants of data encryption market key players keep innovating and investing in various research and development to present a cost-saving product portfolio. There are prime investments in the products, and the key players basically offer in terms of database encryption. The major and sudden outbreak of COVID-19 has truly affected the data encryption industry because of continuous lockdowns, and most of the consumer markets across the globe suffered badly, the economy of various countries shrinks.

Challenges
After doing a careful data encryption market analysis, Database security companies have now started providing basic and improved performance and manageability of their encryption offerings. In modern times, the management and implementation of various burdens for innovative database encryption along with its prime cost have been reduced significantly. The rise in instant cyberattacks during the lockdown and the quick adoption of advanced digital solutions for business continuity. The modern data generation rate is highly increasing due to the increase in the Internet and smartphone users around the world.

Cumulative Growth Analysis
The data encryption market demand is increasing due to quick adoption of the concept of internet of things, which is accelerating the market growth of the data encryption market. the basic increasing demand of various cyber data and security are very much fueling the advanced data encryption market spread in the future years.

Technology Analysis


The global data encryption market is witnessing substantial growth during the estimated time period because of factors, for example, increasing demand, huge investment in basic infrastructure, plenty of development in various and large-scale industries.


By Division by Structure


The global database encryption market is segregated on the basis of an encryption type, deployment, modern vertical, and word-wide regional locations. On the basis of an encryption type, the global database encryption market is divided into basic and transparent, column-level, advanced file-system, and others. On the basis of deployment, the global database encryption market is further segmented into latest on-cloud and advanced on-premise. On the basis of vertical, the global database automation market is further divided into IT and telecom, manufacturing sector, BFSI, retail sector, government, healthcare sector, aerospace & defense industry, and others.


On the basis of Geographic Segmentation:



  • North America

  • Europe

  • APAC

  • South America

  • MEA


Division by Application


the global data analytics industry organizations have been raising their monetary budget for cybersecurity solutions, which in turn has increased the demand for data security solutions, including modern data encryption. According to a report which was published in May 2020, the coronavirus crisis has made new and well-developed opportunities for modern cybercriminals, and about most of the 70% of organizations have selected as the highest priority to the latest cybersecurity breaches.


The basic Intended Audience



  • Database Administrators

  • Cloud solution providers

  • Software integrators

  • Cybersecurity providers

  • IT enterprises

  • Technology investors

  • Regulatory industries

  • Associations and forums related to database encryption

  • Government bodies

  • Market research firms


The companies in the global data encryption market sector have primary players which encompass various effective strategies and fast research and development activities, major geographic expansions, primary strategic alliances, various product launches, and others.


Division by Region


Asia-Pacific is projected to grow at the highest rate in the global database encryption market. According to a recent research study, North America is a growing market leader in the global database encryption market. But because of the presence of major global players in the U.S. and Canada. U.S. and Canada are the most developed nations which have tremendously assisted North America to rise. Europe has been the second biggest market, followed by Asia-Pacific market.


The region-wise analysis of North America Internet of Things (IoT) Security market has shown there are various revenue, major volume, size, and value data. North America has plenty of Internet of Things (IoT) Security Market report which portray and provides objective, uncompleted or evenhanded evaluation and modern assessment of various opportunities in the North American market.


Competitive Landscape


The market players for the Laser Therapy Market industry are:


North America


  • US

  • Canada

  • Mexico


Europe


  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Rest of Europe


Asia-Pacific


  • China

  • India

  • Japan

  • Rest of Asia-Pacific


Rest of the World


  • The Middle East

  • Africa

  • South America


Recent Developments



  • Forecasted growth rates 20.0% to 22.0%.

  • New trends are coming daily to improve infrastructure in countries like U.S, India, China, etc.

  • North America and Europe have more market share, but Asia Pacific is leading


Report Overview



  • Market overview highlights

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments



Report Scope:
Report Attribute/Metric Details
  Market Size    2027: Significant Value
  CAGR   Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Deployment, Organization Size
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Microsoft Corporation, (US), IBM Corporation (US), Symantec Corporation (US), Intel Security (US), HP (US), Oracle Corporation (US), Gemalto (The Netherlands), Netapp Inc. (US), FireEye, Inc. (US) and Vormetric Inc. (US).
  Key Market Opportunities   Data encryption software assists in protecting definite confidential information, which is primarily stored in modern computing systems, while properly ensuring that modern files are safely shared as per the norms and compliance as per security requirements.
  Key Market Drivers

  • The rise in the number of basic public database breaches is primarily a basic factor that is driving the growth and development of the global data encryption market. \r\n
  • Rising scalability, essential ease of deployment, and proper flexibility of basic database encryption solutions are driving the growth and rise of data encryption market forecast.


  • Frequently Asked Questions (FAQ) :


    Low awareness levels hindering the rise of the market.

    Those who study this market growth claims to have a CAGR of XXXX and would show moderate growth during the forecast period.