Newly released market study: Database Encryption Market - Global Forecast to 2020
New Computer Technology research report from Markets and Markets is now available from Fast Market Research
[USPRwire, Wed Mar 02 2016] Database Encryption Market by Types (Transparent Encryption, File-system Encryption, Application-level Encryption, Column-level Encryption, Hashing and Key Management), by End User, by Deployment Types, by region - Global Forecast to 2020
Increasing demand for cloud-based database by organizations is expected to play a significant role in augmenting the growth prospects in the database encryption market
The database encryption market is expected to grow from USD 261.8 million in 2015 to USD 968.3 million by 2020, at a Compound Annual Growth Rate (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.
Full Report Details at
BFSI, healthcare, and government & public sector industries are expected to hold the largest market share during the forecast period
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 in the database encryption market
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.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Breakdown of profile of primary participants is given below as:
* By Company Type: Tier 1 - 45 %, Tier 2 - 30% and Tier 3 -25%
* By Designation: C level - 40%, Director level - 25%, Others - 35%
* By Region: North America - 10%, Europe - 20%, APAC - 40%, RoW - 30%
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Email Encryption Market - Global Forecast to 2020
- Security as a Service Market - Global Forecast to 2020
- BFSI Security Market - Global Forecast to 2020
- Display Panel Market - Global forecast to 2020
- mHealth Solutions Market - Global Forecast to 2020