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Encryption Software Market to reach USD 30.55 Bn by 2029, emerging at a CAGR of 14.27 percent and forecast (2023-2029)
Encryption Software Market
Encryption Software Market Report Scope and Research Methodology
Encryption software is a rapidly growing solution for endpoint data security, offering digital data protection using cryptography to prevent unauthorized access to digital data. The software allows the encryption of content on files, data objects, networks, and applications, as well as on tablets, laptops, and removable media.
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Major players operating in the software encryption market include Microsoft, IBM, Symantec, Thales e-Security, Trend Micro, and others. Thales e-Security, in particular, is among the top vendors offering encryption solutions and services worldwide, with its encryption product offering including Vormetric application crypto-suite, data encryption, and key management.
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Encryption Software Market Dynamics
The growing adoption of new technologies like cloud, mobility, and virtualization is projected to accelerate the market for encryption software. Additionally, the rising trend of remote working facilities and the wide use of enterprise mobility solutions such as tablets and smartphones has led to increased risks for data theft and leaks, leading to a demand for quality encryption software to mitigate the risk of data theft, particularly in cloud-based operations.
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Furthermore, the increasing awareness about encryption technology is also contributing to its popularity in the encryption software market. These factors are projected to positively impact the global market growth during 2021-2029.
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Encryption Software Market Regional Insights
North America has been a dominant player in the global encryption software market due to the rising number of data breaches and the growing adoption of technologies like CYOD and BYOD. The adoption of BYOD programs has been particularly significant in North America, with more than 36% of businesses adopting such programs in some form at the start of 2021. This has created a need for encryption software to help keep sensitive data secure and reduce the risk of cyberattacks. As a result, the usage of encryption software is expected to increase further in North America.
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Encryption Software Market Segmentation
By Organization Size:
• SMEs
• Large Enterprises
By Service:
• Professional Services
• Managed Services
By Application:
• Disk Encryption
• File/Folder Encryption
• Database Encryption
• Communication Encryption
• Cloud Encryption
By Industry Vertical;
• IT & Telecommunication
• BFSI
• Healthcare
• Entertainment and Media
• Retail
• Education
• Other Industry Verticals
Encryption Software Market Key Competitors include:
• IBM
• Microsoft
• Symantec
• Thales e-Security
• Trend Micro
• Sophos
• Check Point
• Micro Focus
• McAfee
• Dell
• ORACLE CORPORATION
• WinMagic
• ESET
• Cryptomathic
• Bitdefender
• Stormshield
• CipherCloud
• AMAZON WEB SERVICES, INC (AWS)
Table of Content for Encryption Software Market
Global Encryption Software Market: Research Methodology
Global Encryption Software Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Encryption Software Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Encryption Software Market Segmentation
Global Market, by Organization Size (2021-2029)
Global Market, by Service (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Industry Vertical (2021-2029)
Regional Encryption Software Market (2021-2029)
Regional Market, by Organization Size (2021-2029)
Regional Market, by Service (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Industry Vertical (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Organization Size, Service, Application and Industry Vertical
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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