Data Encryption Market to Reach Market Size of US ~$4 Billion by 2022
PUNE, India, Nov. 2, 2016 /PRNewswire/ -- Market Research Future published a half cooked research report on Data Encryption Market. The Global Data Encryption Market is majorly driven by factors such as high security proliferating and technological advancement.
Market Highlights
Data Encryption market is seeing tremendous opportunities in the coming future and is forecasted to grow at USD ~4 billion by year 2022 with CAGR of ~18%. With the help of trending cloud technology companies can store their bundle of data and can access from anywhere but the risk of theft always exist. Data Encryption is a method which allows the user to encode the data into a code or language which only can be accessed if a person or organization has the unlocking code. This makes the data more secure and helps to minimize the misuse.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Data Encryption Research Report -Forecast to 2022"
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The prominent players in the market are- IBM Corporation (U.S.), Microsoft Corporation, (U.S.), Symantec Corporation (U.S.), HP (U.S.), Intel Security (U.S.), Oracle Corporation (U.S.), Netapp Inc. (U.S.), Gemalto (Netherlands), Vormetric Inc. (U.S.), FireEye, Inc. (U.S.) among others.
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Market Research Analysis:
Market Research Future analysis shows that Global Database Encryption market is to grow exponentially during the forecast period. Growing security threats and increasing data size which are confidential in nature are some of the key drivers. Currently, North America is dominating the market due to the high cyber-attacks in comparison with other countries. Presence of global players in this U.S. is also giving technology advantage to North America. Asia-Pacific has emerged as fastest growing market due to the presence of strong manufacturing sector in China and Japan and strong service industry in India.
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