Market Overview:
The global data at rest encryption market is expected to grow from USD 2.02 billion in 2018 to USD 4.06 billion by 2030, at a CAGR of 10.5% from 2018 to 2030. The growth of the data at rest encryption market can be attributed to the increasing need for data security and privacy across organizations and rising concerns over data breaches and cyber-attacks. However, lack of awareness about the benefits of data at rest encryption solutions among end users is restraining the growth of this market. Based on type, the global data at rest encryption market can be segmented into cloud, hybrid, and on-premise segments.
Product Definition:
Data at rest encryption is the process of protecting data that is no longer being accessed or used. This can be done by encrypting the data when it's stored and then decrypting it when it's needed. This helps to ensure that the data remains confidential even if it's accessed by unauthorized individuals.
Cloud:
Cloud is a collection of interconnected networks that provide shared resources to users. It provides on-demand services and remote access to data, applications, and computing devices. The most commonly used cloud includes SaaS (Software as a Service), PaaS (Platform as a service), IaaS (Infrastructure as a service) & CoPaaS (Containerized Platform as a service). These are the basic services required for running any business or personal activity online.
Hybrid:
Hybrid encryption is a combination of public key and private key encryption techniques. It uses a public key to encrypt the data and a private key to decrypt the data. The technology provides benefits such as efficient use of resources, easy integration with third-party services, enhanced security for cloud storage services, and ease in managing large volumes of sensitive information.
Application Insights:
The telecommunication segment is anticipated to dominate the global data at rest encryption market, owing to the increasing demand for cloud-based services and an increase in data traffic. The healthcare sector is also expected to witness significant growth over the forecast period. These sectors require a high level of security while storing medical records and other sensitive information. Thus, they opt for on-premise solutions or hybrid models that offer end-to-end data protection by encrypting both patient information as well as network traffic.
The banking, financial services & insurance (BFSI) sector was one of the prominent sectors that adopted disk encryption solution in 2017.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to the increasing adoption of cloud data storage and rising demand for high security solutions. Furthermore, growing government regulations aimed at protecting consumer information are also driving the demand for data at rest encryption solutions in this region. For instance, according to PENSCO, Inc., a telecommunication company based in South Carolina, USA; it is estimated that there will be an increase of USD X trillion spent on cybersecurity products & services between 2016 and 2021 with an average annual growth rate of 11%.
The Asia Pacific regional market accounted for more than 20% revenue share in 2017 owing to increased spending on cloud computing infrastructure across emerging economies such as China and India.
Growth Factors:
- Increased awareness of data breaches and the need for data security: As data breaches become more common, businesses are increasingly aware of the need for data security measures such as data at rest encryption.
- The increasing use of mobile devices and cloud-based services: The use of mobile devices and cloud-based services is growing rapidly, and this trend is likely to continue in the future. This will create a greater demand for solutions that can secure sensitive information when it is stored or transmitted across these platforms.
- Regulatory compliance requirements: Many organizations are required to comply with regulations such as HIPAA, PCI DSS, and GDPR that mandate the use of certain security measures such as data at rest encryption.
- The growth of big data analytics: Big Data analytics has become a key strategic priority for many organizations in recent years. As more companies begin to leverage big data technologies, they will also require solutions that can protect sensitive information from being accessed by unauthorized users.
Scope Of The Report
Report Attributes
Report Details
Report Title
Data at Rest Encryption Market Research Report
By Type
Cloud, Hybrid, On-Premise
By Application
Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality
By Companies
Microsoft Corporation, Dell EMC, Intel Corporation, Oracle Corporation, Sailpoint Technologies Inc, Google, Ping Identity Corporation, Centrify Corporation, NetIQ Corporation, Amazon, Okta, Onelogin Inc, Alibaba, Hitachi ID Systems, IDMWORKS, Thales Group, Broadcom, IBM Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Data at Rest Encryption Market Report Segments:
The global Data at Rest Encryption market is segmented on the basis of:
Types
Cloud, Hybrid, On-Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare, Telecommunication, BFSI, Media & Entertainment, Travel & Hospitality
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft Corporation
- Dell EMC
- Intel Corporation
- Oracle Corporation
- Sailpoint Technologies Inc
- Ping Identity Corporation
- Centrify Corporation
- NetIQ Corporation
- Amazon
- Okta
- Onelogin Inc
- Alibaba
- Hitachi ID Systems
- IDMWORKS
- Thales Group
- Broadcom
- IBM Corporation
Highlights of The Data at Rest Encryption Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud
- Hybrid
- On-Premise
- By Application:
- Healthcare
- Telecommunication
- BFSI
- Media & Entertainment
- Travel & Hospitality
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Data at Rest Encryption Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Data at rest encryption is a security feature that encrypts data stored on a computer system. The data is encrypted using an algorithm to create a secure code that can only be accessed by the authorized user.
Some of the major companies in the data at rest encryption market are Microsoft Corporation, Dell EMC, Intel Corporation, Oracle Corporation, Sailpoint Technologies Inc, Google, Ping Identity Corporation, Centrify Corporation, NetIQ Corporation, Amazon, Okta, Onelogin Inc, Alibaba, Hitachi ID Systems, IDMWORKS, Thales Group, Broadcom, IBM Corporation.
The data at rest encryption market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Data at Rest Encryption Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Data at Rest Encryption Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Data at Rest Encryption Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Data at Rest Encryption Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Data at Rest Encryption Market Size & Forecast, 2018-2028 4.5.1 Data at Rest Encryption Market Size and Y-o-Y Growth 4.5.2 Data at Rest Encryption Market Absolute $ Opportunity
Chapter 5 Global Data at Rest Encryption Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Data at Rest Encryption Market Size Forecast by Type
5.2.1 Cloud
5.2.2 Hybrid
5.2.3 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Data at Rest Encryption Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Data at Rest Encryption Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Telecommunication
6.2.3 BFSI
6.2.4 Media & Entertainment
6.2.5 Travel & Hospitality
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Data at Rest Encryption Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Data at Rest Encryption Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Data at Rest Encryption Analysis and Forecast
9.1 Introduction
9.2 North America Data at Rest Encryption Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Data at Rest Encryption Market Size Forecast by Type
9.6.1 Cloud
9.6.2 Hybrid
9.6.3 On-Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Data at Rest Encryption Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Telecommunication
9.10.3 BFSI
9.10.4 Media & Entertainment
9.10.5 Travel & Hospitality
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Data at Rest Encryption Analysis and Forecast
10.1 Introduction
10.2 Europe Data at Rest Encryption Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Data at Rest Encryption Market Size Forecast by Type
10.6.1 Cloud
10.6.2 Hybrid
10.6.3 On-Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Data at Rest Encryption Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Telecommunication
10.10.3 BFSI
10.10.4 Media & Entertainment
10.10.5 Travel & Hospitality
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Data at Rest Encryption Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Data at Rest Encryption Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Data at Rest Encryption Market Size Forecast by Type
11.6.1 Cloud
11.6.2 Hybrid
11.6.3 On-Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Data at Rest Encryption Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Telecommunication
11.10.3 BFSI
11.10.4 Media & Entertainment
11.10.5 Travel & Hospitality
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Data at Rest Encryption Analysis and Forecast
12.1 Introduction
12.2 Latin America Data at Rest Encryption Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Data at Rest Encryption Market Size Forecast by Type
12.6.1 Cloud
12.6.2 Hybrid
12.6.3 On-Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Data at Rest Encryption Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Telecommunication
12.10.3 BFSI
12.10.4 Media & Entertainment
12.10.5 Travel & Hospitality
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Data at Rest Encryption Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Data at Rest Encryption Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Data at Rest Encryption Market Size Forecast by Type
13.6.1 Cloud
13.6.2 Hybrid
13.6.3 On-Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Data at Rest Encryption Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Telecommunication
13.10.3 BFSI
13.10.4 Media & Entertainment
13.10.5 Travel & Hospitality
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Data at Rest Encryption Market: Competitive Dashboard
14.2 Global Data at Rest Encryption Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft Corporation
14.3.2 Dell EMC
14.3.3 Intel Corporation
14.3.4 Oracle Corporation
14.3.5 Sailpoint Technologies Inc
14.3.6 Google
14.3.7 Ping Identity Corporation
14.3.8 Centrify Corporation
14.3.9 NetIQ Corporation
14.3.10 Amazon
14.3.11 Okta
14.3.12 Onelogin Inc
14.3.13 Alibaba
14.3.14 Hitachi ID Systems
14.3.15 IDMWORKS
14.3.16 Thales Group
14.3.17 Broadcom
14.3.18 IBM Corporation