MarkNtel Advisors recently published a report, titled, ” Global Data Encryption Market 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.}. As per as the report The 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.
Leading Companies in Global Data Encryption Market:
HP, IBM Corporation, Microsoft Corporation, Symantec Corporation, Intel Security, Oracle, Gemalto, Netapp Inc., Trend Micro Inc., FireEye Inc., Dell Technologies, Inc., Thales e-Security, Inc., McAfee, Inc., Bitdefender, CipherCloud.
Global Data Encryption Market Segmentation:
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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By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific.
Key questions answered in the Global Data Encryption Market are:
•What is Global Data Encryption Market?
•What was the market size in 2023?
•What is the growth rate of the Global Data Encryption Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Data Encryption Market?
•What segments are covered in the Market?
•Who are the key players in the Global Data Encryption Market?
About Us
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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