Disk Encryption Software Market Size, Global Outlook -Sophos Ltd., Check Point Software Technologies Ltd., McAfee Corp

Disk encryption software is computer software used for security purpose to protect the privacy of a data stored on computer media by using disk encryption. It facilitates the encryption of the content of a data object, file, and network package or application, so that it is secured and unviewable by unapproved users.

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Encryption software encodes data or files by working with one or more encryption algorithms. Each file encrypted through encryption software requires a key to be decrypted to its original format and this unique key is created by the software itself and shared between the sender and receiver. In case if encrypted data is extracted through internet breach it cannot be retrieved into original form without the unique encryption key. File encryption, email encryption, disk encryption, and network encryption are commonly used types of encryption software.

Encryption software is widely used by individual users and large enterprises to protect user information shared between a browser and a server; this information could include everything from payment data to personal information of the users.

Companies covered: Sophos Ltd., Check Point Software Technologies Ltd., McAfee Corp., Dell Technologies Inc., International Business Machines Corporation, Microsoft Corporation, NortonLifeLock Inc., CipherCloud Inc., Trend Micro Inc., Cryptomathic LLC.

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The rise in complexity and data breaches, rapid digitalization, and growing internet usage drive the growth of the market. In addition, increasing saturation of mobile devices across businesses has amplified the risk of data loss among enterprises, which made executing encryption software necessary for safe data transmission.

However, high cost of implementation and lack of awareness about encryption software among the employees hamper the growth of the market. Furthermore, rise in demand for cloud-based disk encryption software is expected to provide lucrative opportunities for the growth of the disk encryption software market.

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