Global Database Encryption Market :
Overview
Database
encryption has emerged as one of the leading end-point data security solutions
at a time when an increasing number of organizations are faced with the threat
of cyber-attacks and data theft or loss. Growing concerns regarding data
privacy compliance regulations and data safety have now gained priority and
companies have begun investing heavily in advanced database encryption
solutions. Based on the compliance and security requirements of an
organization, database encryption aims to protect the confidentiality of all
forms of data stored in disks, files, or folders. Data is rendered unreadable
for unauthorized persons, thereby ensuring that the confidential data is duly
protected.
Database
encryption, on the basis of deployment, can be either on-premise or
cloud-based. Small and medium businesses and large enterprises are the main
end-users of database encryption solutions, which are used for a number of
applications including file/folder encryption, communication encryption, disk
encryption, database encryption, and cloud encryption. Database encryption
solutions are used in several industry verticals such as healthcare,
telecommunications, aerospace and defense, banking, financial services, and
insurance, government and public sector, and retail.
The key
regions covered under the global database encryption market are North America,
Asia Pacific, Europe, and Rest of the World. The report offers a detailed
assessment of all the regional database encryption markets, in addition to an
in-depth study of the key factors driving and restraining the market. With the
help of the Porter’s Five Forces Analysis model, the report sheds light on the
impact of buyers, suppliers, new entrants, substitutes, and competitors on the
global database encryption market.
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Global Database Encryption Market: Key Trends and Opportunities
There
are a number of factors boosting the demand for database encryption. Rising
concerns about data loss and theft and increases in the number of losses and
thefts of mobile devices such as smartphones, USBs, and tablets have greatly
driven the database encryption market. In addition, the growing use of cloud
services and mobile devices for various businesses has escalated the adoption
of database encryption. The rise in the incidence and intensity of commercial
espionage attacks on cloud platforms and mobile devices has further encouraged
companies to adopt database encryption solutions to safeguard all forms of
data. There has been a constant advancement in data security technologies such
as end-to-end encryption and upgrade, which also supports the global database
encryption market. Apart from this, encryption vendors, cloud service
providers, and third-party service providers have been offering enhanced and
augmented encryption software solutions to protect against commercial cyber-attacks
and to cater to the various security needs of governments.
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