Encryption Software Market size worth over $11420 Million by 2027 | Valuates Reports

The global Encryption Software market size is projected to reach US$ 11420 million by 2027, from US$ 5956.6 million in 2020, at a Compound Annual Growth Rate (CAGR) of 9.6% during 2021-2027.

Encryption software is segmented on the basis of components (solution and services), applications, deployment types, organization sizes, verticals, and regions. The services segment is expected to grow at the highest CAGR during the forecast period and the solution segment is estimated to have the largest market size in 2017 in the market. Professional services have been widely adopted by organizations, as these services involve expert consulting, support and maintenance, and optimization and training for cybersecurity. However, the managed services segment is expected to grow at the highest CAGR during the forecast period, as managed security vendors provide extensive reporting capabilities for validating the regulatory compliance with internal security policies for the users.

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The disk encryption application is estimated to hold the largest market share in 2017. The importance of encrypting a disk is that, if the encrypted disk is lost or stolen, the encrypted state of the drive remains unchanged, and only an authorized user will be able to access its contents. The cloud encryption application is expected to grow at the fastest rate during the forecast period.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Encryption Software market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Encryption Software market in terms of revenue.

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On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Encryption Software market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Encryption Software market.

Encryption Software Market by Type

o On-premises
o Cloud

Encryption Software Market by Application

o Disk Encryption
o File/Folder Encryption
o Database Encryption
o Communication Encryption
o Cloud Encryption

Major Players in the Encryption Software Industry

o Dell
o Eset
o Gemalto
o IBm
o Mcafee
o Microsoft
o Pkware
o Sophos
o Symantec
o Thales E-Security
o Trend Micro
o Cryptomathic
o Stormshield

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