Data Encryption Market Growth Insight – MarkNtel Report Expected 18.1% CAGR Growth Through 2027

MarkNtel Advisors who is leading market research company, has recently published a research report, titled Global “Data Encryption Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2022-27. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.

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Market Study Period

Historical Data: 2017-20

Base Year: 2021

Forecast Period: 2022-27

CAGR (2022-2027): 18.1%

Global Data Encryption Market Insights:

The Global Data Encryption Market is anticipated to grow at a CAGR of around 18.1% during the forecast period, i.e., 2022-27, says MarkNtel Advisors. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.

Global Data Encryption Market 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

Explore the Complete Data Encryption Market Analysis Report –

Which segments are covered in the Data Encryption Market Research Report?

  •  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
  •  By Region
    • North America
    • South America
    • Europe
    • Middle East & Africa
    • Asia Pacific

Top 10 Key Brands/Players in the Data Encryption Market

Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:

  •  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

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Frequently Asked Questions

  1. Which companies dominate the Data Encryption Market in terms of market share?
  2. What is the projected market size of Data Encryption Market in 2027?
  3. What key factor is anticipated to propel the Data Encryption Market by 2027?
  4. How big is the Data Encryption Market?

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