Outlook on the Global Database Encryption Market to 2025; Expected to Grow by $2.7 Billion

10/23, 10:05 AM (Source: GlobeNewswire)

Dublin, Oct. 23, 2019 (GLOBE NEWSWIRE) -- The "Database Encryption - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The Database Encryption market worldwide is projected to grow by US$2.7 Billion, driven by a compounded growth of 28.8%.

BFSI, one of the segments analyzed and sized in this study, displays the potential to grow at over 28.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$902 Million by the year 2025, BFSI will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 32.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$85 Million to the region's size and clout in the next 5 to 6 years. Over US$125.8 Million worth of projected demand in the region will come from the rest of the European markets.

In Japan, BFSI will reach a market size of US$78.9 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 27.6% over the next couple of years and add approximately US$453 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

  • Gemalto N.V.
  • Intel Security Group - McAfee Inc.
  • Microsoft Corporation
  • NetApp Inc.
  • Oracle Corporation
  • Sophos Ltd.
  • Symantec Corporation

For more information about this report visit https://www.researchandmarkets.com/r/afw58f

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