Global Encryption Software Market to Witness Impressive Growth, Revenue to Surge to USD 29.1 Billion By 2028

07-Jun-2021 | Zion Market Research

The global Encryption Software market accounted for USD 6.1 Billion in 2020 and is expected to reach USD 29.1 Billion by 2028, growing at a CAGR of 21.6% from 2021 to 2028. 

Software encryption is a fundamental part of modern computer communication and file protection. Encryption software uses an encryption scheme that encodes computer data so that it cannot be recovered without the correct key. The purpose of encryption is to prevent third parties from recovering any of the original data, or even any information from the encrypted data. This is particularly important for sensitive data like social security numbers.

In order to give the users of this report an inclusive view on the encryption software market, we have included a detailed competitive scenario and product portfolio of major vendors. To understand the aggressive landscape in the market, an analysis of Porter’s Five Forces model for the encryption software market has also been included. The study comprises market attractiveness study, wherein product segments are benchmarked based on their market size, development rate, and general attractiveness.

Encryption Software Market

The study provides a decisive view on the encryption software market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is forecasted from 2016 to 2021. Major application segments covered under this study include encryption for data-at-rest, full disc encryption (fde), fie level encryption and others. The regional segmentation includes the current and estimated demand for North America, Europe, Asia-Pacific, Latin America, Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, Japan, China, India, and Brazil. This segmentation includes demand for encryption software based on individual applications in all the regions and countries.

North America is projected to embrace the biggest market share of the database encryption software market in the next 5 Years after Europe. It supposed to hold about 50.1% of the market share in the global encryption software market. APAC is estimated to show growth at the rate of highest CAGR in the forecasted period.

The report covers detailed competitive outlook including the market share and company profiles of the prominent participants operating in the global market. The key players in the encryption software market are IBM, Microsoft, Sophos ltd, Gemalto, Net App Inc, Hewlett- Packard, Vormetric, Oracle, Intel and Symantec.

Browse the full Encryption Software System Market By Deployment Type (Cloud, On-Premises, and Others), By Application (Encryption for Data-at-rest, Full Disc Encryption (FDE), Fie Level Encryption, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/encryption-software-market

The report segments the Encryption Software market into:

The global Encryption Software market is segmented as follows:  

By Deployment Type

  • Cloud
  • On-Premises
  • Others

By Applications 

  • Encryption for Data-at-rest
  • Full Disc Encryption (FDE)
  • Fie Level Encryption
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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