The increasing adoption of digitalization and globalization of enterprises have made IT resources prone to cyber-attacks. This has increased the demand for encryption management solutions which will help prevent such cyber-attacks. Enterprises are implementing bring your own device (BYOD) policies and integrating chatbots in customer support applications. Moreover, enterprises are also integrating processes based on digitalization to personalize their products and services for end-users. These factors have boosted the demand for encryption management solutions which will enable data protection and prevent data theft during data transit or data-at-rest, thereby driving market growth Furthermore, this industry research report also presents a competitive analysis of the market by application (endpoint encryption, network encryption, database encryption, and cloud encryption), deployment (on-premise and cloud), and geography (APAC, Europe, MEA, North America, and South America).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190704005345/en/
Technavio has published a new market research report on the global encryption management solutions market from 2019-2023. (Graphic: Business Wire)
Competitive vendor landscape
The global encryption management solutions market is highly competitive with major vendors such as Cisco Systems Inc., IBM Corp., McAfee LLC, Oracle Corp., Sophos Ltd., and Symantec Corp. competing on the basis of product or service offerings.
“To gain higher market shares, companies as a key strategy are involved in acquisitions and partnerships along with effective product launches. Leading corporations are aggressively pursuing to enhance their capabilities to gain a competitive edge through joint ventures, MoUs, and agreements or acquisitions,” says a senior analyst at Technavio.
Top five encryption management solutions market vendors
Cisco Systems Inc.
The company operates in two segments, products and services. The company’s offerings include Next-Generation Encryption, which offers a wide range of algorithms and protocols for authentication, encryption, and key exchange; and Cisco Email Encryption, which offers encryption solution as per the compliance requirements, and features that include email control and easy to use.
IBM Corp.
The company operates in five segments, Cognitive solutions, Global business services, Technology services and cloud platforms, Systems, and Global Financing. The company offerings include IBM Guardium for File and Database Encryption, which offers encryption solution for databases and also ensures compliance with government regulations. Its Multi-Cloud Data Encryption offers encryption solution for multi-cloud, single cloud, and hybrid cloud establishments. It also offers an integrated key management solution with data access policies.
McAfee LLC
The company offerings include McAfee Complete Data Protection—Advanced, which offers advanced endpoint encryption solutions such as drive encryption, FileVault and BitLocker management, and file and removable media protection. It also provides additional data protection features such as monitoring and regulating the access of data.
Oracle Corp.
The company operates through three segments, Cloud and license, Hardware, and Services. The company’s offerings include Oracle Advanced Security, which offers transparent data encryption (TDE) for encryption of data-at-rest and data reduction, which complements TDE to overcome the problem of unauthorized exposure of data. Its product named Oracle Key Vault offers centralized management of encryption keys, Java Keystores, Oracle Wallets, and credential files.
Sophos Ltd.
The company offers SafeGuard Encryption. It offers centrally managed full-disk encryption via Mac FileVault and Windows BitLocker. It also offers individual file encryption, which remains encrypted when transferred to removable USB, cloud, and shared folder.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Browse Related Reports:
- Global Software-Defined Compute Market 2019-2023 – The market research study identifies Hewlett Packard Enterprise Development LP, IBM Corp., Microsoft Corp., Oracle Corp., and VMware Inc. as the leading players in the global software-defined compute market.
- Global Smart Glasses Market 2019-2023 – The market research study identifies Kopin Corp., Microsoft Corp., Optinvent, Seiko Epson Corp., and Vuzix Corp. as the leading players in the global smart glasses market.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190704005345/en/