Data Encryption Market Share, Size and Future Projections 2023-28FY

1. Global Data Encryption Market Research Report: Forecast (2022-2027) ? ?? ?? ? ? ? ? ?? ?? ?? ? ? ?? ?? ?? ?? ?? ?? ? ? ?? ?? ? ?? ?? ?? ?? ?? ?:- (2025-2030) ?? ?? ?? ? ? ?? ? ? ?? ?? ? MARKNTEL ADVISORS

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4. Market Insights The Global Data Encryption Market is anticipated to grow at a CAGR of around 18.1% during the forecast period, i.e., 2022-27, says MarkNtel Advisors. The market growth attributes primarily to the mounting incidence of data breaches, cyberattacks, identity thefts, and revenue losses among several organizations globally. For instance, in January 2019, the State Bank of India left one of its servers unprotected that exposed the data of its 422 million customers. The server, situated in Mumbai, contained the partial bank account numbers, phone numbers, & bank balances of individuals using the bank’s SBI Quick Service.

5. Market Drivers Mounting Number of Data Breaches to Drive the Global Data Mounting Number of Data Breaches to Drive the Global Data Encryption Market during Encryption Market during 2022 2022- -27 public data breaches are the primary factors driving the Global Data Encryption Market through 2027. For instance, In June 2020, the Chartered Professional Accountants of Canada website has witnessed a cyberattack that affected the personal information of more than 329,000 members & stakeholders. 27 - - The burgeoning incidences of The personal information included names, e-mail IDs, and addresses. However, the credit card numbers and passwords were safe due to encryption. Hence, the rising data breaches across several industry verticals have increased the demand for data encryption solutions that can help businesses store & secure their critical information.

6. Market Segments By Solutions (Types of Data Encryption [Data in Rest, Data in Transit, Data in Use]), By Method (Symmetric Encryption, Asymmetric Encryption. Hashing), By Deployment (On-Premises, Cloud), By Application (Disk Encryption, Folder Encryption, Database Encryption, Cloud Encryption, Others {End-to-End Encryption, Communication Encryption, etc.}), By Enterprises (Small & Medium-Sized Enterprises (SMEs), Large Enterprises), By End-User (Government Organization, BFSI, Healthcare, Manufacturing, Automotive, IT & Telecom, Aerospace & Defence, Energy & Utilities)

7. Top Companies HP, IBM Corporation, Microsoft Corporation, Symantec Corporation, Intel Security, Oracle, Gemalto, Netapp Inc., Trend Micro Inc., FireEye Inc., Dell Technologies, Inc., Thales e-Security, Inc., McAfee, Inc., Bitdefender, CipherCloud

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10. MarkNtel Advisors Target Geographies-Focus Areas MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: -Political, Economic, Social, Technological and Environmental Analysis -Credit Ratings provided by leading institutions -GDP projections by bodies such as the World Bank, IMF, OECD, etc. -Market Disruptions and the “Next Big Things”

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