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Encryption Software Market 2017 Trends and Review

09-01-2017 10:35 AM CET | IT, New Media & Software

Press release from: QY Research Groups

Encryption Software Market

Encryption Software Market

Encryption is a part of cryptography. It is the method of encoding information or a message in such a manner that only approved parties can approach it. Encryption does not itself stop intervention but refuses the comprehensible content to a possible interceptor. And the encryption software is software that applies cryptography to preclude illegal access to digital data or message, means it perform encryption. Basically, today people utilize encryption software to guard the digital data and information on their computer systems as well as the digital data that is transmitted to other computer systems through the Internet. As encryption software equipped with the secure cryptography is quite complex to develop and complicated to get right, the majority computer users prefer the encryption software which already exists instead of writing their own. The encryption software is an essential component in IT-sector as it provides safety from cybercrime; there are several software products that provide encryption. The encryption software is categorized according to its purpose as; data in transit and data at rest.

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The global encryption software market is anticipated to witness rapid growth during the forecast period with significant compound annual growth rate. The rising governing, as well as state regulations on privacy and compliance of data, demands the endeavors to fasten their end-point data security standards. With the rise in number of strict policies, the administrations require to put in position an efficient data security technologies, to stand by the valid regulations and make sure that the confidentiality of the data travelling over network or data-in-transit; and the data stored in files/folders and disks or data-at-rest pertaining to the company, employees, and customers is confined at all times. Encryption is either cited or mandated by such regulations at a suitable data security technique. The key factors driving the global encryption software market are growth in complexity of quantity of data breaches, amplified compliance regulations, and increased adoption of cloud and virtualization and Snowden disclosures. However, lack of education and awareness, elevated complexity and costs, and regulative restrictions on encryption software are the restraining factors that might hinder the global encryption software market growth over the forecast period.
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The key market players in the global encryption software market are WinMagic, Inc., Check Point Software Technologies Ltd., Intel Corporation, Symantec Corporation, Microsoft Corporation, IBM (International Business Machines Corporation), Sophos Group plc, EMC Corporation, Trend Micro, Inc. and SAS Institute, Inc. According to product types, the market industry is split into; File Encryption, Disk Encryption, Database Encryption, Cloud Encryption and Communication Encryption. By application, the global market is classified as; Healthcare, Bfsi, Government & Public Sector, Retail, Telecom, Aerospace & Defense and Others. Geographically, the global encryption software market is segmented into regions which are; Southeast Asia, Asia-Pacific, North America, South America Europe, Africa, Middle East and rest of the world.

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QY Research Groups is a company that simplifies how analysts and decision makers get industry data for their business. Our unique colossal technology has been developed to offer refined search capabilities designed to exploit the long tail of free market research whilst eliminating irrelevant results. QY Research Groups is the collection of market intelligence products and services on the Web. We offer reports and update our collection daily to provide you with instant online access to the world's most complete and current database of expert insights on Global industries, companies, products, and trends.

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