Market Insights
As per recent research by MarkNtel Advisors, The Global Data Encryption Market is projected to witness 18.1% growth during the forecast period, i.e., 2022-27.
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
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Market Segmentation and Consumer Behavior:
By Solutions
- Types of Data Encryption
- Data in Rest
- Data in Transit
- Data in Use
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
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Data Encryption Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
Key Players and Competitive Strategies in the Data Encryption Market
Several prominent players dominate the Data Encryption Market, including:
- 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
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Questions Addressed in this Study
1.What factors are driving the Data Encryption Market growth?
2.How is the Data Encryption Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Data Encryption Market?
4.What is the current size of the Data Encryption Market, and how is it projected to change in the future?
5.What is the future outlook for the Data Encryption Market in terms of technological advancements and market expansion?
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- https://lifestyle.xtra1063.com/story/51073233/bioenergy-with-carbon-capture-and-storage-market-forecasted-to-grow-at-a-cagr-of-around-1927-during-2024-30
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