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The database encryption market is expected to grow from USD 261.8 Million in 2015 to USD 968.3 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 29.9%. In 1961, a computer based login and password was developed to allow more users to work on a single machine. This increased the risk of data leakage due to which, in 1979, the Data Encryption Standard was launched. In 1996, another standard was launched called the Advanced Encryption Standard (AES), to reduce the risk of security breach. Moreover, in 2012, personal data lockers were launched so that organizations can secure their financial and personal information. Furthermore, the rising need for organizations to comply with regulatory standards, the growing demand for cloud-based database, and the availability of flexible encryption software are some factors which are driving the growth in the adoption of the database encryption software.

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