Encryption software market Investment Opportunities, huge Demand and Global outlook 2019 To 2025 | Cvent, Active Network, Xing Events, Etouches, Eventbrite, Ungerboeck Software International

The encryption software market size was valued at USD 2.98 billion in 2018. It is projected to post a CAGR of X.X% from 2019 to 2025. Data security concerns are on a rise with growing trend of Internet of Things (IoT) and Bring Your Own Device, among enterprises. This has further led to increase in cyber attacks, commercial espionage, data breaches, and theft & losses in companies, which is poised to escalate the need to protect sensitive data and ensure compliance.

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Advancements in mobile technology in terms of hardware and software, their dissemination among businesses, and growing penetration of smartphones are likely to catapult the demand for encryption software by 2025. Growing penetration of mobile devices across organizations has augmented the risk of data loss among enterprises, which made executing encryption software imperative for safe data transmission. Furthermore, as enterprises are increasingly moving towards cloud computing, the need to safeguard sensitive data is increasing, thus resulting in an increased deployment for the software.

These solutions safeguard privacy of the information stored in database and data in transit as per security requirements and compliance of any business organization. This renders information unreadable even to authorized person, thus improving the security of intimate data.

Additionally, an organization’s reputation or brand image is a critical part of its marketing mix and hence requires strong protection. Data security is critical as a lot of confidential customer records are at risk of being leaked in seconds. It is imperative in maintaining customer loyalty and protecting enterprises’ brand reputation. Hence, the adoption of security solutions is on a rise to prevent any incidence of data loss, theft, or leak.

Key manufacturers are included based on company profile, sales data and product specifications etc.:
Cvent, Active Network, Xing Events, Etouches, Eventbrite, Ungerboeck Software International, Dean Evans and Associates, Certain, Lanyon Solutions, Zerista

Encryption Software Application Outlook
Disk Encryption
File/Folder Encryption
Database Encryption
Web Communication Encryption
Network Traffic Encryption
Cloud Encryption
Others

Encryption Software End-Use Outlook
BFSI
IT & Telecom
Retail
G&PA
Healthcare
Defense & Aerospace
Education
Manufacturing

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