The Data Encryption Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the current state of the market, including an overview of key players, emerging trends, and future growth prospects. The report is segmented into various sections, each dedicated to different aspects of the market such as market size, geographical shares, competitive landscape, and market dynamics.

How Big is the Data Encryption Industry?

The Global Data Encryption Market size is expected to rise at a CAGR of around 18.1% during the forecast period 2022-2027.

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Data Encryption Market Growth Driver:

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.

Competitor Breakdown: Top Data Encryption Companies 2022-2027

• 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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Geographical Analysis:

North America, Europe, Asia Pacific, Middle East & Africa, and South America

• Share of each Geographical segment in the Market

• Potential growth opportunities in the Geographically

• The growth rate of the Geographical in the Industry

Breaking Down the 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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