Database encryption technology is based algorithms that is used transform the data in cipher text, which is used to protect the data from accessing by third party. There are some basic encryption method which has their own advantage such as hashing, symmetric and asymmetric method. Data can help prevent data loss by hacker’s breach, thieves strike and prevent fault result among the organizations. Rising adoption of the cloud based database and increasing data breaches incidences are the primary factors which is driving the growth of market. Large body of work exist in the field of data encryption, which are all categorized in such a way ‘file system encryption for encrypting the entire physical disk database to be protected’, DBMS level encryption, application level encryption and client side encryption.
The market is analyzed on the basis of types, threats, encryption method, types of attacks, end users and their application. On the basis of types market is segmented into File-System Encryption, DBMS-Level Encryption and others. Threats segmented it into external and internal threats and so on. Database encryption type is fragmented in Hashing, symmetric Method, and asymmetric Method. There are many verticles disrupt by this technology such as BFSI, IT and Telecommunication, government, retail and e-commerce, defense and so on.
What is Database Encryption?
Encryption is the process of converting any information or data in a code by using algorithm. Which will be unreadable to anyone, except those who possessing special knowledge about data encryption, or it’s usually referred to as a key. Encryption key can be change time to time to make the intruder’s task more difficult. Encryption can be done by scrambling characters, words, bits or phrases in the actual message by involving two different activities transposition and substitution. We encrypt data to avoid financial loss, regulatory or civil prosecution, negative publicity and media fallout.
What are the applications of Database Encryption?
Data encryption is the most useful action to remove the security breaches to secure data. The user application of database encryption is mostly for business purpose, web purpose and for DBMS procedure. Data encryption fulfill every kind of security flaws in numerous areas such as government, Public sector, Military and Defense, Aerospace, Retail and E-commerce and so on.
Market Research and Market Trends of Database Encryption Market:
- Market players such as Mercury systems Inc., Mass are announcing self-encrypting solid states drives invented by ASSURE-stor for aerospace and defense trusted computing application. This drive has storage capacity of 512GB with minimum size optimized for laptop and computers to store sensitive data
- IBM unveils new encryption technology known as IBM Z. it delivers the whole new data encryption technology which aims to bring advance cryptography technology to the world’s banking, government, healthcare and retail system and address the plague of data breaches.
- Blockchain enhanced file sharing is 10GB of storage named keybase, which is introduced by the alpha company is famous for building web technology. They introduced paid plans, users can share data with another keybase user in encrypted format knowing that content is secure.
- WPA3 is the latest version of Wi-Fi protect access, a suit of protocols and technologies. WPA3 brings new authentication and encryption to Wi-Fi with two deployment models personal and enterprise with the related security set called easy connect.
Who are the Major Players of Database Encryption Market?
The major players in this market are IBM, Post-Quantum, Enigmedia, Penta Security, Crypto Moveandn and 25 other companies.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
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