New Study On “2019-2025 Database Encryption Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” Added to Wise Guy Reports Database
PUNE, MAHARASHTRA, INDIA, October 18, 2019 /EINPresswire.com/ — Report Description:
Extensive research carried out on the Database Encryption market related to its business and service shows that the growth rate of the market would rise considerably. The report also includes further some of the essential insights, which include key players, manufacturers, and production firms and are carried out with the blend of quantitative forecasting and trending analysis. The market report, hence, presents the latest and the most reliable information for businesses to sustain the competitive phase. The detailed Database Encryption market scenario, therefore, provides insights about the ongoing research and development that is going on and, on this basis, the report is created regional wise, segment-wise, and more. The study of the market has been taken place during the year 2019, which continuous over till 2025.
Drivers & Constraints
A comprehensive analysis of the report of the Database Encryption market is provided, which includes the global presence of crucial driver and constraints that are working in the proliferation of the Database Encryption market. The study based on drivers and constraints include revenues, gross margin, historical growth, future aspects, sales, and volume. According to these parameters, the opportunities are introduced in the Database Encryption market that would escalate the growth during the forecast period. Along with opportunities, there comes challenges, risks, and barriers that could affect the Database Encryption market during its growth period. All these parameters with this provide an in-depth understanding of the Database Encryption market.
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The Database Encryption market report’s pivotal part also includes the regional description that provides a complete analysis of its growth at a global level. The study on the basis of region aims at assessing the market size and the potential to proliferate during its growth period. The number of critical regions for which the Database Encryption market analysis is done in North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. These are the top-grossing regions that have observed the maximum development in every aspect of technology, population, businesses, industry, and more. Therefore, the result of the Database Encryption market region-wise portrays the outlook with the latest trends, opportunities, and future aspects in the given assessment period of 2025.
Method of Research
The methodology Database Encryption market is done with the help of a compilation of the market information that is explained through known parameters of Porter’s Five Force Model. The current data analysis is also performed to produce an authentic and accurate forecast of the market. The research procedure is tagged as extensive, which is categorized into steps such as namely primary and secondary researches. With the help of such analysis, the possibility of a better understanding of the market is obtained through a competitive landscape in terms of parameters of strength, opportunities, weaknesses as well as threats related to the industry. This will, hence, bring out the future aspects to the business leaders worldwide. The Database Encryption market report also focuses on various levels of analysis such as company profile, ongoing trends and production line, which comprise of a basic view on the market’s growth, drivers, restraints, challenges, and opportunities.
Data encryption market is one of the emerging markets of data security. It is a solution to protect the key data of the companies. It uses encryption keys which encode the data so that the theft of the data can be prevented. It provides many benefits such as 24×7 data security, no privacy issues, integrity maintenance etc. Nowadays, the usage of mobiles, virtual storage, social media and cloud computing have led to huge data which is vulnerable to cyber-attack which in turn lead to theft or lost. This led to more and more companies to use data encryption software for data security.
The global database encryption market was USD 1.35 billion in 2018 and is estimated to reach USD 3.65 billion by 2025 at a CAGR 15.26% of during the forecast period
Growth by Region
North America is the biggest market due to the highest cybercrime cases in the region followed by Europe. However, Asia Pacific region is expected to have the highest growth in the forecasted period because of the strong manufacturing and service sector in the region.
Drivers vs. Constraints
Growing adoption of cloud based services and increase in cybercrimes led to the major growth of the market. Also, the need of compliance and regulatory requirements, especially for services of bank, government and healthcare industries become the major key factor of the market growth. The software is portable, easy to implement and is easily available, making it widely used among companies. However, due to high cost, major companies find it difficult to deploy and manage. Moreover, restriction of crypto software and management of encryption keys are considered to hinder the market growth.
Industry Structure and Updates
• May 2018 – Microsoft and boffins in collaboration represented an experimental database called ‘EnclaveDB ‘which can secure data even when host computer has been satisfied.
• June 2018 – Ladybridge launched QM 3.4-12 in which data encryption supports additional set of algorithms that use initialize vector instead of a fixed value.
• May 2018 – World’s largest ID holder -‘aadhar’ card is announced to be encrypted using high tech encryption software having multi layered protection.
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Source: EIN Presswire