The global database encryption market was US$ 781.35 million in 2021. The global database encryption market is forecast to grow to US$ 4991.72 million by 2030 by growing at a compound annual growth rate (CAGR) of 20.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Data encryption is widely used to protect digital data from threats and cyber-attacks. The growing deployment of cloud-based platforms is surging the volume of data available on the internet. As a result, it will fuel the growth of the global database encryption market.

The growing popularity of cloud-based encryption software will benefit the global database encryption market in the coming years. In addition, growing stringent regulations and the demand to comply with these regulations are forecast to bring ample growth opportunities in the coming years.

The impeccably growing use of smart devices and social media platforms will soar the demand for database encryption services. In addition, the rising adoption of virtual data storage among organizations will contribute to the growth of the global database encryption market.

COVID-19 Impact Analysis

The global database encryption market witnessed a significant jump in terms of revenue due to the COVID-19 pandemic. During the pandemic, the government imposed stringent laws that forced the organizations to shut down facilities. Various companies started operating on the remote model, which surged the probability of data theft and cyberattacks. As a result, the global database encryption market witnessed high demand during the pandemic. In addition, the sudden increase in the range of online data further contributed to the growth of the global database encryption market.

Regional Analysis

North America is forecast to dominate the global database encryption market in terms of revenue. The growth of the region is attributed to the increasing adoption of cloud-based platforms and favorable regulations related to privacy and security. Furthermore, Europe is forecast to witness significant growth due to same reasons. Data privacy laws like the 'CLOUD Act' of the US government, the EU's General Data Protection Regulation (GDPR), the 'Australia Privacy Act and the UKs ''Data Protection Act" will escalate the market growth throughout the forecast period. Furthermore, the growing adoption of smartphones and increasing use of online services will benefit these regional markets in the coming years.

Competitors in the Market

IBM Corporation
Symantec Corporation
HP
CISCO
Microsoft Corporation
Sophos
Vormetric
McAfee (Intel Security)
Net App
Oracle Corporation
Gemalto
Other Prominent Players
Market Segmentation

The global database encryption market segmentation focuses on Type, Deployment, Operational Model, End-User, Vertical, and Region.

Based on Type

Transparent Encryption
Column-level Encryption
File-system Encryption
Application- Level Encryption
Key Management
Based on Deployment Type

On-premises
Cloud
Based on Operational Models

Data-at-Rest
Data-in-Motion
Based on End-User

SMBs
Enterprises
Based on Vertical

IT & Telecom
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Retail and E-commerce
Government & Public sectors
Aerospace & Defense
Others
Based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America