The Global Data Encryption Market size is anticipated to grow at a CAGR of around 18.1% during the forecast period, i.e., 2022-27 According to MarkNtel Advisors Study.
Global Data Encryption Market Driver:
Mounting Number of Data Breaches to Drive the Global Data Encryption Market during 2022-27: The burgeoning incidences of public data breaches are the primary factors driving the Global Data Encryption Market through 2027. For instance, In June 2020, the Chartered Professional Accountants of Canada website has witnessed a cyberattack that affected the personal information of more than 329,000 members & stakeholders.
The personal information included names, e-mail IDs, and addresses. However, the credit card numbers and passwords were safe due to encryption. Hence, the rising data breaches across several industry verticals have increased the demand for data encryption solutions that can help businesses store & secure their critical information.
The other prominent market drivers include:
Mounting adoption of cloud-based data storage solutions
Rapid digitalization and outsourcing of databases
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Global Data Encryption Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- By Solutions
- Types of Data Encryption
- Data in Rest
- Data in Transit
- Data in Use
- Types of Data Encryption
- By Method
- Symmetric Encryption
- Asymmetric Encryption
- Hashing
- By Deployment
- On-Premises
- Cloud
- By Application
- Disk Encryption
- Folder Encryption
- Database Encryption
- Cloud Encryption
- Others (End-to-End Encryption, Communication Encryption, etc.)
- By Enterprises
- Small & Medium-Sized Enterprises (SMEs)
- Large Enterprises
- By End-User
- Government Organization
- BFSI
- Healthcare
- Manufacturing
- Automotive
- IT & Telecom
- Aerospace & Defence
- Energy & Utilities
- Others
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - HP, IBM Corporation, Microsoft Corporation, Symantec Corporation, Intel Security, Oracle, Gemalto, Netapp Inc., Trend Micro Inc., FireEye Inc., Dell Technologies, Inc., Thales e-Security, Inc., McAfee, Inc., Bitdefender, CipherCloud are looking forward to strengthening their market positions.
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We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
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