Database
encryption is a technology used for protecting databases containing important
and confidential information. Using this technology, simple data stored in the
database would be converted into an encrypted format. This encrypted data would
be unreadable to anyone who doesn’t have the encryption key. Database
encryption is based on three important security features which are integrity,
confidentiality and availability. Important functions such as application of
predefined restrictions, prevention of data corruption and reliable and regular
access to the database are performed with the help these security features.
Regulatory
and compliance requirements are the major driving factors for the data
encryption market. Regulatory requirements such as health insurance portability
and accountability (HIPAA) for healthcare and payment card industry data
security standard (PCI DSS) for banking financial services and insurance (BFSI)
have forced enterprises worldwide to implement data protection techniques.
Introduction of new mobile devices, comprehensive usage of social media and
virtual storage applications in the enterprises generate vast amount of data.
Protecting this data is important as it contains valuable information
pertaining to customers and enterprises.
Database encryption is the choice of
organizations to protect their vulnerable data, further driving the database
encryption market. Also, flexibility of the database encryption solutions is
helping to increase its popularity. With the help of flexible data encryption
solutions, encrypted data could be easily transferred to removable devices such
as USBs or CDs/DVDs.
However, high costs associated with these solutions and
erroneous management of encryption key are restraining the growth of database
encryption market. Cloud services are providing tremendous growth opportunities
to database encryption market. Furthermore, easy implementation of the data
encryption solution with the help of cloud technology has helped the customers
to use it irrespective of the location and time.
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Database
encryption market is segmented on the basis of type, mode of deployment, size
of the enterprise and industry verticals. On the basis of type, database
encryption market is segmented into database encryption types and database
operational models. Database encryption types include file system encryption,
application level encryption, column level encryption, transparent/external
encryption and key management. There are two operational models used in the
database encryption market which are data-at-rest and data-in-motion. Database
encryption solutions are deployed using on-premise and cloud deployment
techniques.
Furthermore, according to the size of the enterprise database
encryption market is segmented into small and medium enterprises and large
enterprises. Database encryption solutions are used in various industries such
as banking, financial services and insurance (BFSI), healthcare, government and
public sector, retail and e-commerce, IT and telecom, aerospace and defense and
others. On the basis of geography, the global database encryption market is
segmented into Europe, North America, Asia Pacific, Latin America, and the
Middle East and Africa.
North America is predicted to experience significant
growth among all regional segments in the coming years, due to the large amount
of data generated from the adoption of cloud technology and mobility solutions.
The
global database encryption market is highly competitive in nature and is marked
with the presence of several international and domestic key players. Major
players in the database encryption market include IBM Corporation, Symantec
Corporation, Netapp, Inc., Microsoft Corporation, Hewlett-Packard Company,
Oracle Corporation, Intel Security (Mcafee), Vormetric Inc., Gemalto NV, and
Sophos Group plc.
