Global Data Encryption Market Research Report, End-user (Aerospace & Defense, Automotive, BFSI, IT & Telecom, Healthcare, Manufacturing), Method (Asymmetric, Symmetric), Organization Size (Large Organizations), Deployment (On Premise)– Forecast till 2023



Global Data Encryption Market Research Report - Forecast 2023

Data Encryption market is seeing tremendous opportunities in the coming future and is forecasted to grow at USD 4 billion by year 2022 with CAGR of 18%. With the help of trending cloud technology companies can store their bundle of data and can access from anywhere but the risk of theft always exist. Data Encryption is a method which allows the user to encode the data into a code or language which only can be accessed if a person or organization has the unlocking code. This makes the data more secure and helps to minimize the misuse.

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Segmentation

The global data encryption market is segmented based on method, deployment, organization size, end-user, and region.

By method, the global data encryption market is segmented based on symmetric and asymmetric.

By deployment, the global data encryption market is segmented based on on-cloud and on premise.

By organization size, the global data encryption market is segmented based on SMEs and large organizations.

By end user, the global data encryption market is segmented into government, BFSI, healthcare, manufacturing, automotive, IT & telecom, aerospace & defence, and others.

By region, the global data encryption market is segmented into North America, Europe, APAC, and the rest of the world.

Leading Players

The prominent players in the market are- IBM Corporation (U.S.), Microsoft Corporation, (U.S.), Symantec Corporation (U.S.), HP (U.S.), Intel Security (U.S.), Oracle Corporation (U.S.), Netapp Inc. (U.S.), Gemalto (Netherlands), Vormetric Inc. (U.S.), FireEye, Inc. (U.S.) among others.

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Regional Analysis

The regional analysis of global data encryption market is done for North America, Europe, Asia-Pacific, and the rest of the world

Market Research Future analysis shows that Global Database Encryption market is to grow exponentially during the forecast period. Growing security threats and increasing data size which are confidential in nature are some of the key drivers. Currently, North America is dominating the market due to the high cyber-attacks in comparison with other countries. Presence of global players in this U.S. is also giving technology advantage to North America. Asia-Pacific has emerged as fastest growing market due to the presence of strong manufacturing sector in China and Japan and strong service industry in India.

North America is expected to dominate the global data encryption market. The presence of majority of key players providing data encryption solution in the US is driving the growth of the global data encryption market in the region.

Asia-Pacific is expected to grow at the fastest rate in the global data encryption market during the forecast period. Increasing digitization and adoption of cloud technology has led to an increase in the amount of data getting handles in countries like India, China, and Japan which is expected to drive the growth of data automation market in the region. Europe is expected to contribute significantly to the global data encryption market during the forecast period. Technological advancement and presence of key players like Gemalto in the region is expected drive the growth of global data encryption market.

Also Read: https://www.marketwatch.com/press-release/data-encryption-market-2019-global-industry-size-share-future-trends-growth-factors-gross-margin-competitive-landscape-demands-by-forecast-to-2023-2019-11-08

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