Data Encryption Market Trends, Share, Growth Drivers, Business Analysis and Future Investment 2027: MarkNtel Advisors

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

“In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.”

Request Free Sample Report: https://www.marknteladvisors.com/query/request-sample/data-encryption-market.html

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

Read Full Report: https://www.marknteladvisors.com/research-library/data-encryption-market.html

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

Report Delivery - MarkNtel Advisors offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

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?

Request Customization - https://www.marknteladvisors.com/query/request-customization/data-encryption-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, 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.