Reportocean.com “Global Encryption Software Market” research report has been added to its Research Database.
Encryption Software Market, [By Deployment Model (On-Premise, Cloud-Based); By Application (File Encryption, Disk Encryption, Database Encryption, Cloud Encryption, Communication Encryption, Others); By Organization Size (Large Enterprises, Small and Medium Businesses); By End-User (BFSI, Healthcare, Aerospace and Defense, Government and Public Utilities, Retail, Others); By Region]: Market Size & Forecast, 2018 – 2026
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The encryption software market is anticipated to reach over $11,600 million by 2026. In 2017, the BFSI segment dominated the global market, in terms of revenue. North America was to be the leading contributor to the global market revenue in 2017.
The growing need for protection of critical data and an increasing number of data breaches has boosted the adoption of encryption software. The rising penetration of mobile devices and the increasing trend of BYOD to primarily support the growth of encryption software market during the forecast period. Similarly, the rising adoption of virtualization, cloud, and big data analytics has also positively influenced the encryption software market growth over the years. Furthermore, increasing investments by vendors in technological advancements coupled with the growing demand for cloud-based encryption software would accelerate the growth of this market during the forecast period. However, high costs and complexities associated with advanced encryption solutions, and lack of awareness among small and medium enterprises hinder the market growth during the forecast period. Growing demand from emerging economies and technological advancements are expected to provide numerous growth opportunities in the coming years.
North America generated the highest revenue in the market in 2017 and is expected to lead the global encryption software market throughout the forecast period. The increase in the number of cyber-attacks, and the growing number of data breaches to drive this market growth in North America. The growing trend of BYOD, IoT, big data analytics, and virtualization necessitates the need for encryption software for data protection and data loss. The growing penetration of mobile devices and technological advancements further support market growth in the region. The increasing spending on data protection in BFSI and defense sectors in the region further to also promote encryption software market growth in the coming years. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to the growing need for data privacy across various industries in the developing countries of the region.
The major players in the encryption software market include 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 among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key takeaway
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Encryption Software Market Insights
3.1. Encryption Software – Industry snapshot
3.2. Encryption Software – Ecosystem analysis
3.3. Encryption Software Market Dynamics
3.3.1. Encryption Software – Market Forces
188.8.131.52. Encryption Software Market Driver Analysis
184.108.40.206. Encryption Software Market Restraint/Challenges analysis
220.127.116.11. Encryption Software Market Opportunity Analysis
3.4. Industry analysis – Porter’s five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Encryption Software Market PEST Analysis, 2016
3.6. Encryption Software Market Value Chain Analysis
3.7. Encryption Software Industry Trends
3.8. Competitive Ranking Analysis
4. Encryption Software Market Size and Forecast by Deployment Model, 2018-2026
4.1. Key Findings
5. Encryption Software Market Size and Forecast by Organization Size, 2018-2026
5.1. Key Findings
5.2. Large Enterprises
5.3. Small and Medium Businesses
6. Encryption Software Market Size and Forecast by Application, 2018-2026
6.1. Key Findings
6.2. File Encryption
6.3. Disk Encryption
6.4. Database Encryption
6.5. Cloud Encryption
6.6. Communication Encryption
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