Database Encryption Market Size, Share, And Growth Report 2032

Global Database Encryption Market Size

The global database encryption market size was worth around USD 14.81 billion in 2023 and is predicted to grow to around USD 58.92 billion by 2032 with a compound annual growth rate (CAGR) of roughly 16.58% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the database encryption market on a global and regional level.

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Global Database Encryption Market: Overview

Database encryption is a process that converts the data using specific algorithm into cipher text which cannot be comprehended until decrypted. The database encryption process is used in a number of sectors such as medical, defense, business, and others for securing personal and business-related data.

Global Database Encryption Market: Growth Factors

Due to rising advancement in the technology the usage of mobility, ‘Bring Your Own Devices’ concept, and cloud-based service technology has also boosted around the globe. The cloud technology helps store as well as share large amounts of data. Thus, the use of cloud-based services has resulted in the increase in the database theft and intrusion which in turn influenced the use of database encryption application or products and fueled the database encryption market. The major factors that propel the growth of the global database encryption market are low cost, ease in operating, increasing demand, and lastly the flexibility. The increasing communication among various organizations in the different regions results in the transfer of huge amounts of confidential, personal, and business data that demands for more of the data encryption applications which further escalates the global market growth.

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Global Database Encryption Market: Segmentation

The global database encryption market is bifurcated on the basis of deployment type, operational models, end user, vertical, and encryption type.

By deployment type segment is divided into on-premises and cloud type.

By operational model's segment is classified into data-at-rest and data-at-motion models.

By end user segment is further bifurcated into enterprises and SMBs.

By vertical segment is categorized into retail and e-commerce; healthcare; IT and telecom; banking, financial services, and insurance; aerospace and defense, government and public sectors, and others. The banking, financial services, and insurance (BFSI) segment propels the global market growth.

By encryption type segment is further grouped into key management, file-system encryption, column-level encryption, transparent encryption, and application-level encryption.

Database Encryption Market: Report Scope

Global Database Encryption Market: Regional Analysis

North America is expected to lead the global database encryption market followed by Europe. The rising cyber attacks fuel the market in the North American region. Asia-Pacific is expected to be the highest growing database encryption market in terms of demand and revenue. The rising ‘Bring Your Own devices’ policy among the various organizations and increasing communication among the organization escalated the demand for the storage of business data in a secured database and attributed the market growth in the Asia-Pacific region. The increasing adoption of the database encryption market in the small-, medium- and large-scale businesses in developing regions such as India, Japan, and China is majorly for securing their business and confidential personal data.

Global Database Encryption Market: Competitive Players

The major players that dominate the global database encryption market include:

• Cisco Systems
• IBM Corporation
• Symantec Corporation
• HP
• Vormetric
• McAfee
• Oracle
• Microsoft Corporation
• and Sophos Ltd. 
• Check Point Software Technologies Ltd.
• SAS Institute Inc.
• Trend Micro Inc.
• Win Magic Inc.
• PKWARE Inc.
• Intel
• EMC Corporation.

The Global Database Encryption market is segmented as follows:

By Deployment Type 

• Cloud 
• On-Premises

By Operational Model 

• Data-At-Rest 
• Data-At-Motion Models

By End User 

• Enterprises 
• Smbs

By Vertical 

• E-Commerce
• Healthcare
• IT And Telecom
• Banking
• Financial Services And Insurance
• Aerospace And Defense
• Government And Public Sectors
• Others

By Encryption Type 

• Key Management
• File-System Encryption
• Column-Level Encryption
• Transparent Encryption
• Application-Level Encryption

Global Database Encryption Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.