Global Data Encryption Market Analysis
MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Data Encryption market. The research report on the Data Encryption Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
The report further comprises, “Global Data Encryption Market is anticipated to grow at a CAGR of around 18.1% during the forecast period, i.e., 2022-27.
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Key Drivers:
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
Global Data Encryption Market Segment & Geography [2022-27]
The Data Encryption market is segmented into significant segments based on Geography.
-By Solutions
- 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
Geographical Analysis
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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Top Companies Essentially Working in Data Encryption Market
- HP
- IBM Corporation
- Microsoft Corporation
- Symantec Corporation
- Intel Security
- Oracle
- Gemalto
- Netapp
- Trend Micro Inc.
- FireEye Inc.
- Dell Technologies, Inc.
- Thales e-Security, Inc.
- McAfee, Inc.
- Bitdefender
- CipherCloud
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Data Encryption adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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