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(I-SoftwareNews.Com, September 21, 2018 ) The global Encryption software market generated $3,030 million in 2017 and is anticipated to grow at a CAGR of 16.2% during the forecast period.
Encryption software is used for encryption of data and files to protect sensitive data, and prevent data loss. Encryption software converts plain readable files and text into cipher text through the use of mathematical algorithms or logic. To decrypt the files back to a readable format, the encryption software sends a key to the receiver, which protects data from unauthorized access. The different types of encryption software include file encryption, email encryption, disk encryption, and network encryption among others. Encryption software is increasingly being used in diverse industry verticals such as BFSI, defense, healthcare, government and utilities, and telecom among others.
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The need for protection of critical data, especially in banking and government sectors for protection of sensitive data, and growing concerns regarding data loss and privacy have increased the demand for encryption software across the globe. Similarly, the increasing penetration of mobile devices, growing internet penetration, and introduction of regulations to increase the adoption of encryption software has boosted the growth of the global encryption software market. Also, the increasing trend of BYOD, IOT, cloud, virtualization, and big data analytics has further increased the adoption of encryption software. Furthermore, rising demand of encryption software in healthcare, retail, and defense sectors, increasing demand for cloud-based encryption software, and technological advancements would boost the opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Encryption Software Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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North America generated the highest revenue in 2017 owing to increasing cases of data breaches in the region. Organizations are moving towards BYOD, IoT, big data analytics, and virtualization, thereby increasing the need for encryption software in the market. BFSI and defence sectors in the region are investing significantly for protection of sensitive data against breaches and data theft to positively influence the encryption software market during the forecast period.
Competitive Landscape and Key Vendors
The global encryption software market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The major companies included in the report are Microsoft Corporation, Symantec Corporation, IBM Corporation, EMC Corporation, Cisco Systems, Inc., Intel Security, Check Point Software Technologies Ltd., Oracle Corporation, Trend Micro, Inc., and Sophos Group PLC.
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Key Segments
Deployment Model
• On-Premise
• Cloud-Based
Organization Size
• Large Enterprises
• Small and Medium Businesses
Application
• File Encryption
• Disk Encryption
• Database Encryption
• Cloud Encryption
• Communication Encryption
• Others
End-User
• BFSI
• Healthcare
• Aerospace and Defense
• Government and Public Utilities
• Retail
• Others
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa
About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.
Contact us-
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
Polaris Market Research
Neel
+1-646-568-9980
neel@polarismarketresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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