Demand for Data Security to Propel Application-Level Encryption Market

Published Date : Feb 26, 2018

ALBANY, New York, February 26, 2018 –A report on the global market for application-level encryption has been added to the briskly accumulating portfolio of Titled, “Application-level Encryption Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025,” the study analyzes the development of this market. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The exhaustive study includes the future reports and future prospects of the application-level encryption industry, including market share and size on account of risk factors, along with updates current trends and opportunities. 

Application-level encryption can be approach-based and equipped to particular information security levels, for instance, PCI DSS. Protection levels can be firmly overseen and directed with double controls and different layers of procedural security that, taken together, bolster consistence detailing commitments. The expanding volume of business and client information created among associations has prompted the dangers of being hacked or stolen, which are driving the demand for database encryption systems. The primary factors for surge in demand for database encryption is the expanding interest for cloud-based database and cloud-based database encryption systems. The need to agree to administrative orders by the legislature and other administrative specialists and the expanding digitalization among economies are a big part of the main considerations boosting the development in the market. The developing interest for database encryption systems is accounted to the accessibility of adaptable encryption systems, which is supporting the development of this market.

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The rising digitalization trends, for example, Bring Your Own Device (BYOD) and versatility are helping associations enhance their profitability and client benefit among different industry verticals. This has additionally given a push to the huge amount of private business and individual data of clients' information being stored in the database. In this manner, the interest for encryption systems from associations, to secure the databases that contain secret data about their business and clients, is expanding.

Leading database suppliers such as Oracle and Microsoft offer application-level encryption choices with better security features. The information is gathered by the database as a specialist organization as it is uncovered in the database server and scrambled. Before it is sent to the cloud database, application-level encryption tends to this risk by scrambling the information. Cloud administrations to beyond these procedures to secure their frameworks. A basic encryption ability show in the cloud is the place the capacity compartments are in like manner scrambled in view of client inclination during the setup process.

On the basis of geography, the application-level encryption market is segmented into Europe, Asia, North America, South America and the Middle East and Africa. The developing countries such as China, India, and Japan are propelling Asia Pacific to the forefront. These countries comprise of a number of medium-sized and small-sized companies that are putting efforts technologically as well as economically.

Key players operating in the global application-level encryption market include IBM Corporation, Symantec Corporation, CipherCloud, Instaclustr, Hewlett Packard Enterprise Development LP, and Intel Corporation, among others. Mergers and Acquisitions, new product launches and geographical expansion are some of the most popular strategies adopted by these players to sustain in the market. For instance, in 2015, Microsoft Corporation announced the acquisition of the Secure Islands Technologies Ltd, a data protection company to strengthen its position in the market.

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