openPR Logo
Press release

Encryption Software Market is Expected to Reach $2.5 Billion, Globally by 2021

02-20-2017 06:56 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Encryption Software

Encryption Software

Software encryption is being widely used across different industry verticals including finance, healthcare, government, and others. Financial sector accounted for approximately 44.2% of global encryption software market in 2014. Entities operating in the sector are mandated by the data privacy regulations to adopt effective security measures in their organization and to ensure that the personally identifiable data (PII) of the customers is protected from any unauthorized or unintended disclosure/access. Healthcare and Public sectors are anticipated to witness rapid adoption of software encryption during 2016-2020.

Global Encryption Software Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $2.5 billion by 2021, registering a CAGR of 14.2% during the period 2016 - 2022. North America is expected to be the leading contributor during the forecast period, owing to higher adoption of end-point security solutions among organizations and prevalence of higher data protection & compliance regulations. However, Asia-Pacific region is anticipated to grow at the fastest rate, due to the growing penetration of cloud computing and increasing workforce mobility.

Read full summary of the report at: https://www.alliedmarketresearch.com/world-encryption-software-market

The encryption software market by usage comprises encryption for data-at-rest and encryption for data-in-transit. In 2014, data-at-rest encryption software segment accounted for approximately 93.4% of the total encryption software market by value. For data-at-rest, the two most commonly used encryption software methods include full disk encryption (FDE) and file level encryption (FLE), with full disk encryption being the most widely deployed method for protecting data against theft and ensuring compliance with data privacy and data breach notification laws. FDE is preferred over the FLE primarily due to the two major advantages, viz. ease of deployment and management, and complete security.

Key findings of Encryption Software Market:

- Presently, encryption software for data-at-rest accounts for the major share of the encryption software market as compared to the encryption software for data-in-transit (email)
- Within the data-at-rest encryption software market, software-based full disk encryption (FDE) would continue to hold the majority of share vis--vis file level encryption (FLE), throughout the forecast period
- Based on the geographic analysis, North America presently is the highest revenue-generating region and would continue to maintain this trend during 2015-2021
- The use of encryption software is most widespread in the financial sector, which contributed approximately 44.2% share of total encryption software market revenue in 2014
- The adoption of encryption software is higher among large enterprises as compared to the small- and medium-sized businesses

Enquire more about report at: https://www.alliedmarketresearch.com/request-free-sample/1100

Owing to the rapidly increasing adoption of cloud services across various sectors, organizations are inclined towards adopting encryption solutions to ensure data security and compliance with the data privacy regulations. The key players profiled in this report are Symantec Corporation, Sophos Holdings Ltd., McAfee, Inc., Check Point Software Technologies, Proofpoint, and Trend Micro.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:

5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Encryption Software Market is Expected to Reach $2.5 Billion, Globally by 2021 here

News-ID: 442104 • Views:

More Releases from Allied Market Research

Opportunities in Focus: Electric Light Commercial Vehicle Lithium-Ion Battery Market Insights
Opportunities in Focus: Electric Light Commercial Vehicle Lithium-Ion Battery Ma …
A lithium-ion battery (LIB) is a type of rechargeable battery, which is commonly used in various industrial applications such as automotive, medical devices and even in aerospace. LIB is widely used in the field of electric light commercial vehicle due to its high energy concentration and long cycle life. Furthermore, electric light commercial vehicle has gained a considerable consumer popularity & acceptance recently. Major improvements in the performance of an
High Power Microwave Directed Energy Weapons Market Size is Projected to Surge at 15.1% CAGR, Reaching $5 billion by 2032
High Power Microwave Directed Energy Weapons Market Size is Projected to Surge a …
High Power Microwave Directed Energy Weapons Market by Type (Pulsed-Wave High Power Microwave, and Continuous-Wave High Power Microwave), Platform (Airborne, Naval, and Ground-based), and End-user (Army, Navy, and Airforce): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global high-power microwave directed energy weapons industry generated $1.27 billion in 2022 and is anticipated to generate $5.01 billion by 2032, witnessing a CAGR of 15.1% from 2023 to
Battery recycling Market to Observe Strong Development by 2032 - Li-Cycle, Umicore, HUSKY BATTERY SOLUTIONS, etc.
Battery recycling Market to Observe Strong Development by 2032 - Li-Cycle, Umico …
Battery recycling, often referred to as "battery recycling recycling" or "used battery recycling," specifically refers to discarded or used batteries that are no longer functional and are collected for recycling purposes. Battery recycling helps conserve natural resources, reduces the environmental impact of hazardous materials, and minimizes the need for new mining or extraction. It is important to dispose of batteries properly by recycling them at designated collection points or facilities,
Brazil Oil and Gas Separation Market to Record Sturdy Growth by 2032 - SLB, NOV Inc, ABS Group, Sulzer Ltd, etc.
Brazil Oil and Gas Separation Market to Record Sturdy Growth by 2032 - SLB, NOV …
Brazil oil and gas separation market is expected to witness increased demand during the forecast period due to a rise in demand for energy. Growth in the adoption of non-conventional exploratory methods coupled with an increase in the production of shale gas and oil is expected to drive the market growth. The Brazil oil and gas separation market was valued at $476.5 million in 2022 and is projected to reach

All 5 Releases


More Releases for Software

Robot Software Market Analysis by Software Types: Recognition Software, Simulati …
The Insight Partners provides you global research analysis on “Robot Software Market” and forecast to 2028. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Robot Software market during the forecast period, i.e., 2021–2028. Download Sample Pages of this research study at: https://www.theinsightpartners.com/sample/TIPRE00007689/?utm_source=OpenPR&utm_medium=10452
HR Software Market Analysis by Top Key Players Zenefits Software, Kronos Softwar …
HR software automates how companies conduct business with relation to employee management, training and e-learning, performance management, and recruiting and on-boarding. HR professionals benefit from HR software systems by providing a more structured and process oriented approach to completing administrative tasks in a repeatable and scalable manner. Every employee that is added to an organization requires management of information, analysis of data, and ongoing updates as progression throughout the company
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a
Cloud-based Payroll Software Market - Zenefits Software, Kronos Software, PDS Vi …
Global Cloud-based Payroll Software Market Size, Status and Forecast 2022 provides Market information about top Key Players, Countries, Type and Application. This Industry report also states Company Profile, sales, Cloud-based Payroll Software Market revenue and price, market share, market growth and gross margin by regions. Top Key Players: Zenefits Software Kronos Software PDS Vista HRMS Vibe HCM Software FinancialForce Software Ascentis HR Software Paycor Software Sage HRMS Software BambooHR Software Criterion Software Enquiry for buying report @ https://goo.gl/3CqycH Market segment by Regions/Countries,
Global HR Software Market 2017 - Vibe HCM Software, Kronos Software, Zenefits So …
The report studies HR Software in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022 The HR Software market research report distils the most essential aspects of the market and presents them in the form of a comprehensive and cohesive document. The findings of this report have been obtained via a