The database encryption market is expected to grow from $261.8 million in 2015 to USD 968.3 million by 2020, at a CAGR of 29.9%. The market is being driven by factors such as increasing need for compliance with regulatory mandates by organizations for data protection and the increasing demand for cloud services and cloud-based databases.
Due to increasing Bring Your Own Device (BYOD), mobility, and other digitalization trends among industries such as BFSI, healthcare, IT & telecom, and government & public sector, the volume of business data and personal data of customers in such industries has also increased in these verticals. Thus, since these industries need to manage and secure the huge volumes of data stored in their databases, they are expected to grow at the highest CAGR during the forecast period.
North America is expected to hold the largest market share of the database encryption market during the forecast period, followed by Europe. The adoption of any new or emerging technology is adopted at a higher rate in North America than in any other region.
Moreover, the adoption of cloud, mobility, and BYOD is highest in North America, leading to the generation of confidential data. Thus, the need to protect this data is encouraging organizations to adopt database encryption solutions in the region. Asia-Pacific is expected to grow at the highest CAGR in the database encryption market during the forecast period.
- Hewlett-Packard Company
- Intel Security (Mcafee)
- International Business Machines Corporation
- Microsoft Corporation
- Netapp, Inc.
- Oracle Corporation
- Sophos Ltd
- Symantec Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Database Encryption Market Overview
6 Database Encryption Market: Industry Trends
7 Analysis, By Type
8 Analysis, By Deployment Type
9 Analysis, By Organization Size
10 Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
For more information visit http://www.researchandmarkets.com/research/5nq4zr/database
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