United States Data at Rest Encryption Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 5.0 Billion by 2030, growing at a CAGR of 16.4% from 2024 to 2030.
The US Data at Rest Encryption Market is experiencing rapid growth, driven by the increasing volume of sensitive data generated across industries and the rising threat of cyberattacks. This market primarily revolves around securing inactive data stored in various forms such as databases, file systems, and storage devices. Data at rest refers to information that is not actively being accessed or processed, yet it remains vulnerable to breaches, theft, or unauthorized access. As the digital landscape expands, organizations are turning to encryption technologies to safeguard this critical data and comply with industry regulations. In fact, the global market for data at rest encryption is anticipated to reach billions of dollars in the coming years, with the US accounting for a significant share due to its advanced technological infrastructure and stringent data protection laws.
Industries such as healthcare, finance, and government are among the largest adopters of data encryption solutions. The healthcare sector, with its vast amount of personal health records (PHRs) and electronic medical records (EMRs), is particularly prone to data breaches. Implementing encryption ensures that sensitive medical data remains secure even in the event of system compromises. Similarly, the finance industry, dealing with sensitive financial data, mandates data protection mechanisms such as encryption to protect customers' banking details, investment records, and transaction history.
The government sector, on the other hand, faces numerous cyber threats targeting national security information. From intelligence agencies to law enforcement, agencies rely heavily on encryption to protect classified and confidential information. Furthermore, as data privacy regulations such as GDPR and CCPA become stricter, the requirement for robust data protection mechanisms, including encryption, has become essential for maintaining compliance.
From a technological perspective, the growth of cloud computing and the increasing use of hybrid infrastructures have further intensified the demand for data at rest encryption solutions. Cloud-based services are often vulnerable to breaches, and encryption offers an added layer of protection to secure data stored in virtual environments. Companies are now adopting end-to-end encryption technologies to ensure that sensitive information remains protected at all stages, whether it is at rest or in transit.
In summary, the US Data at Rest Encryption Market is being propelled by industry-specific demands for data protection, compliance with legal standards, and the need to guard against escalating cyber threats. As these trends continue to evolve, encryption technologies will remain a fundamental element in the battle against data breaches, safeguarding sensitive data from unauthorized access.
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Microsoft Corporation
Dell EMC
Intel Corporation
Oracle Corporation
Sailpoint Technologies Inc
Ping Identity Corporation
Centrify Corporation
NetIQ Corporation
Amazon
Okta
Onelogin Inc
Alibaba
Hitachi ID Systems
IDMWORKS
Thales Group
Broadcom
IBM Corporation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Data at Rest Encryption Market
On-Premises
Cloud-Based
Hybrid
Financial Services
Healthcare
IT & Telecom
Government
Retail
Energy & Utilities
Others
File-Level Encryption
Database Encryption
Disk Encryption
Application Encryption
Large Enterprises
Small & Medium Enterprises (SMEs)
Software Vendors
Cloud Service Providers
Banking, Financial Services, & Insurance (BFSI)
Healthcare & Life Sciences
Retail & eCommerce
Manufacturing
Government & Defense
Telecommunications
Education
Automotive
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Data at Rest Encryption Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Data at Rest Encryption Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Data at Rest Encryption Market, By Type
6. US Data at Rest Encryption Market, By Application
7. US Data at Rest Encryption Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Data at Rest Encryption Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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