Data Encryption Market Budget Is Expected to Increase CAGR of ~18% during Forecast to 2017-2022
Data Encryption is a method of converting a set of data into another form or more precisely in a code for the safety and security purposes. Dataencryption helps the organizations and institutes to protect the data against cyber-attacks. Growing security proliferation and cyber-attacks around the world is increasing the risk of theft of data and organizations are working hard in order to protect their data. This market is growing with CAGR of ~18% which is expected to grow at US ~$4 billion by the end of forecast period.
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Study Objectives of Data Encryption Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Data Encryption Market
- To provide insights about factors affecting the market growth
- To analyze the Data Encryption market based on various factors- supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by method,deployment, end users, applications and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Data Encryption Market.
- Software Developers
- Security Providers
- Banking Institutes
- Encryption Software Developers
- Database Agencies
- 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.)
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Global Data Encryption market has been segmented on the basis of Methods, Deployment, End Users and Applications. Methods of Database Encryption are- Symmetric and Asymmetric. Deployment can be bifurcated into on cloud and on premises whereas the end users have been identified as SMEs and Large Organization. The application areas for data encryption market are Government, BFSI, Healthcare, Manufacturing, Automotive, IT & Telecom, Aerospace & Defense, among others.
North America holds largest market share of Data Encryption. Presence of global players in United States and leader in technology gives main advantage to North America. Europe holds second biggest market position. Asia-Pacific has emerged as fastest growing market for the Data Encryption market. High presence of manufacturing sector in China and Japan and rich service industry in India as well as growing economy of the Asian countries is giving boost to the market of Data Encryption in Asia-Pacific.
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