According to the report, Growing development of security-related technology framework
is one of the primary growth factors for the market. Increase in the demand for a hybrid multi-cloud environment
is also expected to contribute significantly to the Database Encryption market. Overall, IT and Telecommunications
applications of Database Encryption, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models a trend that will continue in the future.
AMAs Analyst on the Global Database Encryption Market identified that the demand is rising in many different parts of the world due to "Development of security system which protects from new cyber attacks
". Furthermore, some recent industry insights like "In October 2023, Fortanix acquires Intertrust Technologies, this major merger combined two leading data security companies, creating a powerhouse in data encryption and key management solutions. It's expected to bolster Fortanix's cloud and enterprise offerings, particularly for securing sensitive workloads." is constantly making the industry dynamic. One of the challenges that industry facing is "High maintenance and managing cost of the security framework and Non-availability of standard guidelines regarding the technology development"
The By Operational Model, such as Data-at-Rest, is boosting the Database Encryption market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The By Deployment, such as On-Premises, is boosting the Database Encryption market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Database Encryption market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Database Encryption market and other related sub-markets covered in the study.
o Key & emerging players in the Database Encryption market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Database Encryption market size is calculated using market estimation process, the Database Encryption market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Database Encryption market size has been validated using both top-down and bottom-up approaches.