World Database Encryption Market Analysed by M&M in In-demand Report Published at MarketPublishers.com
04 Mar 2016 • by Natalie Aster
LONDON – There has been a considerable hike in the adoption of BYOD, cloud computing technology, and mobility. With the necessity of reducing the IT infrastructure and other upfront costs have raised the rate of the uptake of cloud-based services amid organisations by around 15%-20% per annum. Nevertheless, the growing use of cloud-based services like database-as-a-service (DBaaS), storing the documents, and sharing content has raised the risk of data theft and loss. In this vein, the uptake of encryption solutions is gaining traction among institutions to prevent data theft and intrusion, thereby stimulating the the adoption of database encryption across manifold industry sectors.
The worldwide database encryption market is expected to grow to a value of USD 968.3 million by 2020-end, at a CAGR of just under 30%. The market’ growth is being driven by a range of factors like scalability, ease in deployment, and flexibility of services, and also poor cost benefits, among others.
The Asia-Pacific region is projected to witness high growth over the oncoming years. The upsurge in the uptake of digitalisation trends like BYOD and mobility amongst organisations has given a boost to the extensive volumes of business data which is required to be kept in safety in databases. The mushrooming number of small- and medium-sized firms in nations such as Japan, China, and India, are making efforts to secure business and personal data to be centered more on their mains areas of activities, which is poised to positively impact the traction of database encryption market through to 2020.
Intel Security (McAfee), Symantec, Microsoft Corporation, NetApp, Inc., Vormetric, Hewlett-Packard, Oracle Corporation, Sophos Ltd., BM, and Gemalto are the leading security analytics vendors and service providers operating in the market.
In-demand research report “Database Encryption Market” created by M&M is a must for anyone taking an interested in the database encryption market. The study contains an all-encompassing analysis of the market dynamics. It gives an assessment of the industry trends, including a value chain analysis, strategic benchmarking, encryption algorithms, etc. The report breaks down the market based on type, deployment type, organization size and vertical; considering the market sizes for the discussed segments and sub-segments. A detailed geographical market analysis is available as well. The report canvasses the competitive landscape and includes company profiles of top 10 players. Additionally, global market forecasts to 2020 are presented in the report.
Database Encryption Market
Published: February, 2016
Price: US$ 4,650.00
More topical market reports by M&M can be found at the publisher’s page.