Press release
Global Encryption Software Market Grow at a CAGR of 27.39% with prominent players like Sophos, Microsoft, Check Point Software Technologies, Dell EMC during the Forecast Period of 2014 to 2023
Encryption Software Market
The leading players in the market are Sophos, Microsoft, Check Point Software Technologies, Dell EMC, McAfee, Bloombase, IBM, Symantec Software Solutions Private Limited and Cisco Systems.
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By Deployment:
Cloud-based
On-premise
By Application:
File/Folder Encryption
Web Communication Encryption
Cloud Encryption
Disk Encryption
Database Encryption
Network Traffic Encryption
Others
By End User:
Healthcare
Government & Public Administration
Defense & Aerospace
Manufacturing
BFSI
Retail
Telecom
Education
Industry Outlook and Trend Analysis:
The Encryption Software Market was worth USD 1.94 billion in 2014 and is expected to reach approximately USD 17.13 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 27.39% during the forecast period.
Currently, encryption programming is used in a variety of settings including retail, defence, retail, education, enterprises, and industrial automation.Software enterprises over the globe are quickly adopting encryption software to enhance information security and upgrade business capability. Brand reputation, regulatory compliance, and data privacy concerns are anticipated to be the power factors actuating associations to exploit encryption software solutions.
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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
4.1.North America (United States, Canada and Mexico)
4.2.Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.3.Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.4.South America (Brazil, Argentina, Columbia and Rest of South America)
4.5.Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
To be Continued...
Application Outlook and Trend Analysis:
The cloud solutions portion is anticipated to witness development at a significant CAGR in the following years. Data storage is one of the significant assets for a few businesses including retail, banking & financial, and others to move to the cloud. This is attributable to the adaptability it offers as far as versatility and usage approach. Nonetheless, the adoption of cloud calls for the protection of crucial data.
Regional Outlook and Trend Analysis:
Asia Pacific represented over USD 500.0 million in 2015, which is evaluated to increment over the conjecture years attributed to the absence of storage infrastructure urging the associations to store information on the cloud. This raises the danger of information data thefts and loss, heightening the market request. Moreover, the developing entrance of BYOD, IoT and cloud services has induced the business demand.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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