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Encryption Software System Market - Global Industry Analysis

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

Published Date: 07-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 120 Report Code: ZMR-171 Status : Published

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.

Description

Market Overview    

The global Encryption Software System 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.

Encryption software is a kind of security database that allows encryption and decryption to avoid unauthorized access. It assists the encryption of data object, network packet and files in order to keep them secure. There are two kind of keys used named asymmetric keys and symmetric keys. Email encryption, File encryption, Network encryption and Disk encryption are broadly used categories of encryption software.

Key players in the industry are developing advanced all-in-one solutions for the end-users at a competitive price point. The vendors are working upon various growth strategies such as product launches, collaborations, merges and acquisitions

COVID-19 Impact Analysis:

COVID-19 pandemic has resulted in a deeply crisis with the imposition of several restrictions across the globe. The rising global digital security threat encryption of has become very important, it helps to protect the integrity of perilous public health data and other confidential data across the globe. Several organizations in various countries attended webinars to discuss the issue of data encryption, and has proposed policies. Rising awareness towards the data protection and privacy owing to complexity of political, socioeconomic and technical dimensions seems to be a great opportunity for the software developers. Growing challenges for the protection of confidential e-economy and fortification of Internet Infrastructure are the factors propelling the market in this pandemic.

Growth Factors

The encryption software market is being boosted by a number of elements such as growing requirement for fulfilment of the obligatory requirement of numerous organizations for data protection. The increasing requirement for cloud-based databases and cloud services also has propelled the global encryption software market. The growing danger of stealing of scholar data has driven numerous industries to accept the database encryption solutions, thus boosting the development of the global encryption software market in the forecast period. Additionally, the stringent regulatory compliance amongst varied business verticals such as healthcare and BFSI has compelled the employment of data security solutions that are conforming to the particular standards.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview

Encryption Software system market is segmented by Deployment Type into Cloud, On-Premises, and Others. Cloud segment is anticipated to capture the major market owing to increasing demand for securing complex data across the globe. Governments organizations, private companies, institutions are adopting the cloud for the storage of their vital and large data.

By Application the market is segmented into Encryption for Data-at-rest, Full Disc Encryption (FDE), Fie Level Encryption, and Others. Data-at-rest application has the maximum market in common with the encryption software market. Data-at-rest encryption software is expected to show the significant share of the total encryption software market.

For data-at-rest, the two most frequently used encryption software techniques are File-Level Encryption (FLE) and Full Disk Encryption (FDE). The Full Disk Encryption software is the most popular technique used for the data protection against stealing. It ensures the fulfillment of all the data breach notification and data privacy regulations.

Key Market Players & Competitive Landscape

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global air quality control system market are IBM, Microsoft., Sophos ltd, Gemalto, Inc., Net App Inc, Hewlett- Packard., Vormetric, Oracle, Intel., Symantec, and Weber Ambiental.

 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

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Deployment Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Encryption Software Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Encryption Software Market – Deployment Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Deployment Type, 2020 & 2028
    • 4.2. Cloud
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. On-Premises
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Others
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Encryption Software Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Encryption for Data-at-rest
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Full Disc Encryption (FDE)
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Fie Level Encryption
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Others
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Deployment Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Deployment Type, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Deployment Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Deployment Type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Deployment Type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Deployment Type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Deployment Type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Deployment Type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Deployment Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Deployment Type, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Deployment Type, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Deployment Type, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Deployment Type, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Deployment Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Deployment Type, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Deployment Type, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Deployment Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Deployment Type, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Encryption Software Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Deployment Type Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Encryption Software Market: Company Market Share, 2019
      • 8.1.2. Global Encryption Software Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Encryption Software Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Encryption Software Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. IBM
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Microsoft
    • 9.3. Sophos ltd
    • 9.4. Gemalto
    • 9.5. Net App Inc
    • 9.6. Hewlett- Packard
    • 9.7. Vormetric
    • 9.8. Oracle
    • 9.9. Intel
    • 9.10. Symantec
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Deployment Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Encryption Software Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Deployment Type, 2020 & 2028 
FIG NO. 7. Global Encryption Software Market for Cloud, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Encryption Software Market for Cloud, By Country, 2020 & 2028
FIG NO. 9. Global Encryption Software Market for On-Premises, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Encryption Software Market for On-Premises, By Country, 2020 & 2028
FIG NO. 9. Global Encryption Software Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Encryption Software Market for Others, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 12. Global Encryption Software Market for Encryption for Data-at-rest, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Encryption Software Market for Encryption for Data-at-rest, By Country, 2020 & 2028 
FIG NO. 14. Global Encryption Software Market for Full Disc Encryption (FDE), Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Encryption Software Market for Full Disc Encryption (FDE), By Country, 2020 & 2028
FIG NO. 16. Global Encryption Software Market for Fie Level Encryption, Revenue (USD Billion) 2016 – 2028 
FIG NO. 17. Comparative Revenue Analysis of Encryption Software Market for Fie Level Encryption, By Country, 2020 & 2028
FIG NO.26. Global Encryption Software Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Encryption Software Market for Others, By Country, 2020 & 2028
FIG NO. 28. Global Encryption Software Market Revenue Share, By Region, 2020 & 2028
FIG NO. 29. North America Encryption Software Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 30. Porter’s Five Forces Analysis for Global Encryption Software Market
FIG NO. 31. PEST Analysis for Global Encryption Software Market
FIG NO. 32. Pricing Analysis for Global Encryption Software Market
FIG NO. 33. Value Chain Analysis for Global Encryption Software Market
FIG NO. 34. Company Share Analysis, 2019
FIG NO. 35. Radar Determinant Chart, 2019
FIG NO. 36. Company Strategic Developments – Heat Map Analysis
FIG NO. 37. IBM Business Segment Revenue Share, 2020 (%)
FIG NO. 38. IBM Geographical Segment Revenue Share, 2020 (%)
FIG NO. 39. Market Channels
FIG NO. 40. Marketing Channel Development Trend
FIG NO. 41. Growth in World Gross Product, 2008-2018
FIG NO. 42. Research Methodology – Detailed View
FIG NO. 43. Research Methodology
 


List of Tables 

TABLE NO. 1. Global Encryption Software Market: Snapshot
TABLE NO. 2. Quarterly Encryption Software Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Encryption Software Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Encryption Software Market for Cloud, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Encryption Software Market for On-Premises, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Encryption Software Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9: Global Encryption Software Market for Encryption for Data-at-rest, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10: Global Encryption Software Market for Full Disc Encryption (FDE), by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Encryption Software Market for Fie Level Encryption, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Encryption Software Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Encryption Software Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America Encryption Software Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Encryption Software Market Revenue, By Deployment Type, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Encryption Software Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. U.S. Encryption Software Market Revenue, By Deployment Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Encryption Software Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. Drivers for the Encryption Software Market: Impact Analysis
TABLE NO. 20. Restraints for the Encryption Software Market: Impact Analysis
TABLE NO. 21. Major Buyers of Encryption Software
TABLE NO. 22. Distributors/Traders List of Encryption Software
TABLE NO. 23. Global Encryption Software Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 24: Global Encryption Software Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)  
 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Encryption Software market. Zion Research has collected and analyzed key data belong to the global Encryption Software market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Encryption Software across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Encryption Software industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Encryption Software market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Encryption software is an algorithmic application which transforms data into a code or cipher which cannot be accessed until proper password is provided. Data encryption software is the next step towards robust security systems which protect data being sent from one source to another. Encryption software is arranged on the basis of the level of encryption which is defined by the number of bits in a key (56 bit key, 128 bit key). Previously, encryption was mainly used by government agencies for national security. However, with the advent of personal computers and the internet, encryption is widely used in the private sector as well. 

Excessive use of computers is guiding hackers to commit corporate espionage to get financial benefits. The emergence of new technologies is guiding cyber crimes such as stealing data sent through files or emails or stored on the cloud. Encryption software is a major breakthrough for solving this problem which is a driver of this market. Additionally, this software is easy to use, requires less time and is compatible with existing operating systems which can be customized as per requirements (disk encryption, email encryption, file encryption,  etc.). Many countries are venturing into the maturity of public networks, process application, and e-commerce. This would have the direct impact on demand for encryption software in the market. Major end users of the software are corporate, government and military organizations. Encryption software demand will be fueled by growing IT budget of the companies in near future. The rise in data breaches since the past couple of years, growing confidentiality of data over the Internet, growing adoption of cloud & virtualization and increasing data mobility are prime factors that have fueled the overall development of the market.

Global Encryption  Software Market

North America has dominated the encryption software market with the maximum market share in terms of revenue. It accounted approximate 50% of the share in the global encryption software market.

The major encryption software providers including Symantec, Microsoft, Check Point Software Technologies, Trend Micro and Sophos ltd. are offering advanced encryption solutions, depending on the specific needs of clients. Besides, several other technology providers are also innovating techniques related to advanced encryption that may incorporate organizational data to provide robust data security.

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FrequentlyAsked Questions

The global Encryption Software Market was valued at USD 6.1 billion in 2020.

The global Encryption Software Market is expected to reach USD 29.1 billion by 2028, growing at a CAGR of 21.6% between 2021 to 2028.

Some of the key factors driving the global Encryption Software Market growth are Requirement For Encryption Software Tech and  fast industrialization in developing nations.

North America has been leading the worldwide Encryption Software market and is anticipated to continue on the dominant position in the years to come, states the market study.

Some of the major players of global Encryption Software market includes IBM., Microsoft., Sophos ltd, Gemalto, Inc., Net App Inc, Hewlett- Packard., Vormetric, Oracle, Intel., Symantec, and Weber Ambiental.

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