Global Encryption Software Market 2018 Analysis By Vendors like Dell, ESET, Gemalto, McAfee, Microsoft, Pkware, Sophos, Symantec, Thales eSecurity, Trend Micro, Cryptomathic, Stormshield, Symantec, Bloombase, IBM, Intel Security, Bitdefender
The Global Encryption Software Market Report is a compilation of the several factors driving and restraining this market along with a through run-down of the sales volume of each product within carefully categorized sub-segments of the market.
The Global Encryption Software Market is expected to reach USD 28.91 billion by 2025, from USD 4.17 billion in 2017 growing at a CAGR of 27.40% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The global encryption software market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of encryption software market for global, Europe, North America, Asia Pacific and South America.
In 2018, IBM innovate a new cloud-ready mainframe, which is applicable for robust security, powerful analytics and better performance for intensive data loads.
Encryption is a process in which the information (data) is converted into codes by the service provider to block any unauthorized access. The data has to be secured and that data may be present in any kind of electronic devices. Every person and business firms has their personal information including data, that may vary from emails to WhatsApp messages and bank details that are to be kept secure between the parties involved which are involved in the transaction. This process is done by scrambling, the information is sent via electronic length codes that are unreadable by anyone else those who attempt to access these information. Once the information is sent by the sender in the form of codes, then this information can only be decrypted by the sender or the receiver for it to be in readable conditions.
In 2018, Dell introduced a data security system, which is used for policy based encryption, self-encrypting drive management and bit-locker management.
Major Market Competitors/Players:
Some of the major players operating in the global encryption software market are:-
Check Point Software Technologies,
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Major Market Drivers and Restraints:
Growing concern over critical data loss in on-premises environment
Exploitation of big data analytics poses risk to cloud environment
Regulations to increase adoption of encryption solutions
Lack of budget for adopting best-in-class encryption solutions
Lack of awareness about encryption and performance concerns among enterprises
The global encryption software market is segmented based on component, application, deployment type, organization size, vertical and geographical segments.
Based on component, the market is segmented into solution and services. The services market segment is further segmented into professional services and managed services. The professional services market segment is further segmented into support and maintenance, training and education and planning and consulting.
On the basis of application, the market is classified into disk encryption, file/folder encryption, database encryption, communication encryption and cloud encryption.
On the basis of deployment type, the market is segmented into on-premises and cloud.
Based on organization size, the market is segmented into large enterprises and Small and Medium-Sized Enterprises (SMEs).
Based on Vertical, the market is segmented into Banking, Financial Services And Insurance (BFSI), healthcare, government and public utilities, telecom and IT, retail, aerospace and defense and others (manufacturing, education, and media and entertainment).
Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
Some of the major countries covered in this report are:-
U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, , South Africa and, Brazil among others.
Key Highlights of Report
Overview of key market forces propelling and restraining market growth
Offers a clear understanding of the competitive landscape and key product segments
An analysis of strategies of major competitors
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Provides profiles of major competitors of the market.
Details of their operations, product and services.
Recent developments and key financial metrics.
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