Database Encryption Market Scope
Database encryption is an encryption algorithm assists to transform a plain text database from a readable state into a hypertext of unreadable character to anyone except those who know the encryption keys. The purpose of database encryption is to protect the stored data in a database from cyber criminals with potentially malicious intentions. Encrypting a data set additionally decreases the impetus for people to hack the previously mentioned information base as "meaningless" scrambled information is of practically zero use for programmers. Dissimilar to security techniques like antivirus programming or secret phrase assurance, this type of guard is situated at the level of the actual information. This is essential since, in such a case that a framework is breached, the information is still just readable for clients who have the right encryption keys.
The leading companies in the market are to avail the competitive advantage makes the development of new technology advancement regarding security solution. The companies understand the demand regarding the security solutions and to fulfill this, they make a strategic partnership, collaborations, and acquisitions of related vertical companies and develop upgrade technology solutions. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Database Encryption market throughout the predicted period.
Intel (United States), Gemalto (Netherlands), Oracle (United States), IBM Corporation (United States), Symantec Corporation (United States), Microsoft Corporation (United States), Win Magic Inc, (Canada), EMC Corporation (United States), Netapp, Inc. (United States) and Hewlett-Packard Company (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Vormetric (United States), Sophos Ltd (United Kingdom), Check Point (Israel), Micro Focus (United Kingdom) and Stormshield (France).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Database Encryption market by Type (Transparent or External Database Encryption, Column-Level Encryption, Symmetric Encryption, Asymmetric Encryption, Application-Level Encryption, Key management and File system-Level Encryption), by Application (IT and Telecommunications, BFSI, Healthcare, Manufacturing, Transportation and Logistics, Defense and Government, Retail and Others) and Region with country level break-up.
On the basis of geography, the market of Database Encryption has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In April 2019, Thales Group, a parent company of Thales e-Security, completed its acquisition of Gemalto, a leader in digital identity and security. This acquisition would make a top-notch pioneer with an unparalleled arrangement of advanced identity and security arrangements dependent on innovations, like biometry, information insurance, and, all the more comprehensively, network protection.
- Growing development of security-related technology framework
- Across the industries growing technological adoption
- Increase in the demand for a hybrid multi-cloud environment
- Increase in the demand for physical-based security
- Increase in the incidences of data breaches
- Development of security system which protects from new cyber attacks
- Development of cost-effective security solution framework
- Increase in restriction of crypto software and management of encryption
- High cost of the installation of technological advancements in the security framework
- High maintenance and managing cost of the security framework
- Non-availability of standard guidelines regarding the technology development
Key Target AudienceEncryption Solution Providers, Open Source Providers (ODBC & JDBC), Internet Service Providers (ISPs), Third-Party Providers, Cloud Service Providers, System Integrators, Technology Infrastructure, Networking Companies and Application Design and Development Providers
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Database Encryption Market?
The Database Encryption study can be customized to meet your requirements. The market size breakdown by type [Transparent or External Database Encryption, Column-Level Encryption, Symmetric Encryption, Asymmetric Encryption, Application-Level Encryption, Key management and File system-Level Encryption], by end use application [IT and Telecommunications, BFSI, Healthcare, Manufacturing, Transportation and Logistics, Defense and Government, Retail and Others].
2. How big is the Database Encryption Market?
The Database Encryption Market is gaining popularity and expected to see strong valuation by 2026.
3. What is expected growth rate in Database Encryption Market?
According to AMA, the Global Database Encryption market is expected to see growth rate of %.