In terms of revenue, the encryption software market stood at US$ 2,850.21 Mn in 2018 and is anticipated to reach US$ 10,407.79 Mn by 2027, expanding at a CAGR of 15.5% from 2019 – 2027. Some of the players operating in the encryption software market are Box, Check Point Software Technologies Ltd., Dell, DESlock Limited., Gemalto NV, General Dynamics Mission Systems, Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Intel Corporation, Internet Security Research Group (ISRG), McAfee, LLC, Micro Focus, Microsoft Corporation, NetApp, Oracle, PAUBOX, Sophos Ltd., Symantec Corporation, Thales eSecurity and Trend Micro Incorporated amongst others.
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Encryption software is used to restrict third-parties from gaining access to data which can only be unlocked by individuals who have access to a certain key. This makes encryption software an essential tool for keeping data safe. Email addresses, customer data, passwords, and other crucial information that can be protected by encryption software which if exposed, can be detrimental for enterprises. Businesses also use encryption software to ensure that internal online conversations and emails are kept private and cannot be accessed by unauthorized entities. Regulation intensive sectors such as BFSI and healthcare require mandatory implementation of data security solutions.
Moreover, with growing internet usage and rapid digitization, the need for preservation of intellectual property of enterprises from theft and infringement is increasing. These security risks are prompting companies to implement high quality solutions for data protection. This is driving the global encryption software market. However, lack of awareness regarding the necessity of encryption software and cost associated with the implementation of these solutions can inhibit the growth of the market. Additionally, deployment of these solutions is time-consuming and complex on the part of employee training. Nonetheless, as the benefits exceed the challenges pertaining to intricacy and time associated with their deployment, the market is expected to show sustainable growth.
Encryption Software Market:
By Organization Size
- Small and Medium Enterprises
- Large Enterprises
- Full Disk Encryption
- Folder/File Encryption
- Database Encryption
- Network Traffic Encryption
- Others (Virtual Disk Encryption, Application Encryption, etc.)
- Banking, Financial Services and Insurance (BFSI)
- Media and Telecom
- Aerospace and Defense
- Others (Legal, Retail, etc.)
- North America
- Rest of North America
- The UK
- Rest of Nordic
- The Benelux Union
- the Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Southern Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America
Encryption Software Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Encryption Software Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Encryption Software Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Encryption Software market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Encryption Software market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Encryption Software market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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