Data Encryption Market is projected to Growth USD ~$4 billion with lucrative CAGR ~18% Worldwide to 2022

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Data Encryption Market, By Method By Deployment, End Users (SMEs, Large Organization), by application - Forecast 2016-2022

           Data Encryption is a method of converting a set of data into another form or more precisely in a code for the safety and security purposes. Dataencryption helps the organizations and institutes to protect the data against cyber-attacks. Growing security proliferation and cyber-attacks around the world is increasing the risk of theft of data and organizations are working hard in order to protect their data. This market is growing with CAGR of ~18% which is expected to grow at US ~$4 billion by the end of forecast period.


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Study Objectives of Data Encryption Market

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Global Data Encryption market has been segmented on the basis of Methods, Deployment, End Users and Applications. Methods of Database Encryption are- Symmetric and Asymmetric. Deployment can be bifurcated into on cloud and on premises whereas the end users have been identified as SMEs and Large Organization. The application areas for data encryption market are Government, BFSI, Healthcare, Manufacturing, Automotive, IT & Telecom, Aerospace & Defense, among others.

Regional Analysis
North America holds largest market share of Data Encryption. Presence of global players in United States and leader in technology gives main advantage to North America. Europe holds second biggest market position. Asia-Pacific has emerged as fastest growing market for the Data Encryption market. High presence of manufacturing sector in China and Japan and rich service industry in India as well as growing economy of the Asian countries is giving boost to the market of Data Encryption in Asia-Pacific.

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