Encryption Software Market Trend Analysis by Top Key Players Google, Facebook, Microsoft, Apple, Verizon, Yahoo, Silent Circle

Software-based encryption is one of the fast emerging end point data security solutions. An increasing number of organizations worldwide are adopting encryption to address their growing concerns of data safety and data privacy compliance regulations. With data protection and compliance becoming a high priority, organizations have started to view encryption as an enabler to achieve compliance, data security and flexibility. In addition to the complex regulations, increasing adoption of new technologies such as mobility, cloud and virtualization have also fuelled the need for encryption more than ever before.

The research report, titled “Global Encryption Software Market Report 2020,” offers a clear understanding of the subject matter. Ongoing industrial advancements and the persistent penetration of Internet in the remote corners of the world are also responsible for the noteworthy growth of the Global Encryption Software Market.

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This report studies the Encryption Software market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Encryption Software market by product type and applications/end industries.

Market Segment by Companies, this report covers: Google, Facebook, Microsoft, Apple, Verizon, Yahoo, Silent Circle, Per Damballa, Amazon, SurfRight, JPMorgan, Jafco Ventures, CipherCloud, PerspecSys and San Jose

The main purpose of an encryption software is to protect the confidentiality of the data stored in files/folders and disks or data-at-rest; and the data travelling over wireless network or data-in-transit, depending upon the security and compliance requirements of an organization. This is achieved by converting a message or plain text into coded message called the Cipher text so that only the authorized parties can read it. Software-based encryption uses software to encrypt and decrypt data at-rest as well as data-in-transit.

The global encryption software market is expected to reach $2.16 billion by 2020, growing at a CAGR (compounded annual growth rate) of CAGR of 14.27% from 2014 to 2020. The global encryption software market has been segmented in this report as per usage, segments, geography and verticals.

On the basis of usage, the global encryption software market is categorized into Data-at-rest and Data-in-transit. The Data-at-rest encryption software market is further bifurcated into two key segments; Full Disk Encryption (FDE) and File level encryption (FLE).

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KEY BENEFITS
• The study provides an in-depth analysis of the encryption software market with current and future trends to elucidate the imminent investment pockets in the market.
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends for gaining a stronger foothold in the market.
• The report provides information regarding key drivers, restraints and opportunities with impact analysis.
• Quantitative analysis of the current market and estimations through 2013-2020 are provided to highlight the financial caliber of the market.
• Porters Five Forces model and SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market.
• Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.

KEY MARKET SEGMENTATION
The market is segmented on the basis of usage, vertical and geography.

MARKET BY USAGE
• Encryption for Data-at-rest
• Full Disk Encryption (FDE)
• File Level Encryption (FLE)
• Encryption for Data-in-transit
• Email Encryption

MARKET BY VERTICAL
• Financial Sector
• Healthcare
• Public Sector
• Others (Retail)

The global encryption software market stakeholders encompass IT security providers, IT security consultants, venture capitalists, and enterprises across different industry verticals. The global encryption software market in terms of geography covers North America, Europe, APAC and LAMEA. Presently, North America dominates the global encryption software market, followed by Europe.

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