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Database Encryption Market by Types, by End User, by Deployment Types, by region - Global Forecast to 2020

Database Encryption Market: Global Forecast until 2020

  • February 2016
  • 127 pages
  • ID: 3665904
In this report:
The BFSI industry vertical holds the largest market share of ##.##% in 2015, and is expected to grow at a CAGR of ##.##% from 2015 to 2020, owing to the widespread usage of database encryption solutions to secure the data related to payment cards, passwords, pins, payments and bank statements, and other financial transactions.

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Growing demand for cloud-based database by institutions is anticipated to play a significant role in augmenting the increase prospects in the database encryption market

The database encryption market is forecasted to grow from $261.80M in 2015 to $968.30M by 2020, at a CAGR of 29.90 percent. The sector is being driven by Elements such as growing need for compliance with regulatory mandates by institutions for data protection and the growing demand for cloud services and cloud-based databases.

Banking, Financial services and Insurance (BFSI), healthcare, and government & public sector markets are anticipated to hold the largest part of market share during the estimate period

Due to growing Bring Your Own Device, mobility, and other digitalization trends among industries including BFSI, healthcare, IT & telecom, and government & public market, the volume of business data and personal data of customers in such sectors has also increased in these verticals. Therefore, since these markets need to manage and secure the huge volumes of data stored in their databases, they are anticipated to grow at the highest CAGR (Compound annual growth rate) during the outlook period.

North America continent is intended to hold the biggest market share in the database encryption market

North America (NA) is forecasted to hold the biggest market share of the database encryption market during the estimate period, succeeded by Europe (EU). The acceptance of any new or emerging technology is adopted at a higher rate in North America continent than in any other area. Furthermore, the adoption of cloud, mobility, and BYOD is more significant in North America, leading to the generation of confidential data. Therefore, the need to protect this data is encouraging organizations to embrace database encryption solutions in the territory. Asia Pacific (APAC) is anticipated to grow at the highest compound annual growth rate (CAGR) in the database encryption market during the outlook period.

In the process of finding out and checking the market value for various segments and subsegments collected by secondary research, extensive primary audit sessions were managed with main people. Distribution of profile of primary members taking part is given below as:

- By Company category: Tier 1 - 45 %, Tier 2 - 30.0 percent and Tier 3 -25.0 percent

- By Description: C-suite - 40.0 percent, D-level - 25.0 percent, Others - 35.0 percent

- By area: North america (NA) - 10.0 percent, Europe - 20.0 percent, APAC - 40.0 percent, RoW - 30.0 percent

With the emergence of cloud database or Database as a Service, the role of cloud-based database encryption market is set to offer tremendous opportunities for increase during the estimate period. The rising threat of theft of intellectual data and info being by hacked is driving sectors to take database encryption solutions, thereby boosting the increase of the market during the outlook period.

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the security analytics market comprehensively and offers the best approximations of the revenue data for the global market and the sub segments across the distinct verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the competitor and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, mergers, and acquisitions.

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