Encryption Software Market Growth Evolution 2018-2026 By Top Key Players: Microsoft Corporation, Symantec Corporation, IBM Corporation, EMC Corporation, Oracle Corporation and other

Global Encryption Software Market Research Report 2026. The research report presents a comprehensive assessment of the Encryption Software market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes.
The encryption software market is anticipated to reach over $11,600 million by 2026 according to a new research report. In 2017, the BFSI segment dominated the global market, in terms of revenue. North America was to be the leading contributor to the global market revenue in 2017.

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Major Key Player:

- Microsoft Corporation
- Symantec Corporation
- IBM Corporation
- EMC Corporation
- Cisco Systems Inc.
- Intel Security
- Check Point Software Technologies Ltd.
- Oracle Corporation
- Trend Micro Inc.
- Sophos Group PLC.

The growing need for protection of critical data, and increasing number of data breaches has boosted the adoption of encryption software. The rising penetration of mobile devices, and increasing trend of BYOD to primarily support the growth of encryption software market during the forecast period. Similarly, the rising adoption of virtualization, cloud, and big data analytics has also positively influenced the encryption software market growth over the years. Furthermore, increasing investments by vendors in technological advancements coupled with growing demand for cloud-based encryption software would accelerate the growth of this market during the forecast period. However, high costs and complexities associated with advanced encryption solutions, and lack of awareness among small and medium enterprises hinder the market growth during the forecast period. Growing demand from emerging economies, ad technological advancements are expected to provide numerous growth opportunities in the coming years.

North America generated the highest revenue in the market in 2017, and is expected to lead the global encryption software market throughout the forecast period. The increase in number of cyber-attacks, and growing number of data breaches to drive this market growth in North America. The growing trend of BYOD, IoT, big data analytics, and virtualization necessitates the need of encryption software for data protection and data loss. The growing penetration of mobile devices, and technological advancements further support market growth in the region. The increasing spending on data protection in BFSI and defense sectors in the region further to also promote encryption software market growth in coming years. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing need for data privacy across various industries in the developing countries of the region.

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