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(Wireless-NewsWire.Com, October 05, 2018 ) According to Verified Market Intelligence, the Global Database Encryption Market was valued at USD 365.09 million in 2016 and is projected to reach USD 3,936.39 million by 2025, growing at a CAGR of 30.24% from 2017 to 2025.
Database encryption is the procedure of translating data within a specific database from the text that is plain and the ciphered into a specific algorithm. There are several algorithms that are available for the use of encryption. These encryption algorithms have specific keys that are set which are related to the encrypted data. These keys serve as the connection between the data that is encrypted and the plain text in which the information was originally in. Encryption of data is beneficial for several reasons, such as the increase in the privacy of a business’s information, ensuring the integrity of the data and thus the flexibility that this provides to the user.
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With the ever-increasing demand for cloud-based databases, there is a proportional increase in the necessity for the necessity of cloud-based encryption software. This increasing need for the availability of versatile encryption software is driving the market growth of the database encryption market size. Factors such as the costly implementation and the occasional weak encryption key management are factors that are restraining the market for global database encryption.
Competitive Landscape:
The major players in the market are as follows:
Microsoft Corporation
IBM Corporation
Oracle Corporation
Symantec Corporation
Sophos Ltd
Intel Security (Mcafee)
Netapp, Inc.
Hewlett-Packard Company
Vormetric
Gemalto
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