Encryption Software Market
Global Encryption Software Market Size, Share & Trends Analysis Report by Deployment Type (On-Premises and Cloud-Based), By Application (Database Encryption, Disk Encryption, Communication Encryption, File Encryption, and Others), By Industry (BFSI, IT & Telecom, Government, Retail & E-commerce, and Other) and Forecast 2020-2026 Update Available - Forecast 2024-2030
The global market for encryption software is projected to have considerable CAGR of 16.1% during the forecast period. The major factors that propels the encryption software market include the growing concern related to data privacy and security coupled with increase in cyber attacks and data breaches across the enterprises. Data security and privacy have a essential part in enterprises that support in preventing unaccredited access to computers, websites, and databases. However, the concerns regarding data security and privacy have been growing considerably owing to the abundant amount of unprotected data and poor cyber security. Data loss is a major concern for enterprises of all sizes as it results in losing money and time to recover information which is vital for every enterprise. The encryption software is considered as a crucial data protection solution that encrypted the data and stores original data in case of cyber attacks.
Segmental Outlook
The global encryption software market is segmented based on deployment type, application and industry. Based on the deployment type, the market is further classified into on-premises ad cloud- based. The cloud-based segment is projected to grow at a significant CAGR during the forecast period. The various industries such as retail, IT & telecom are adopting cloud based software for the data encryption and file encryption.The application segment in the global encryption software market further classified into database encryption, disk encryption, communication encryption, file encryption, and others. The database encryption segment is estimated to grow considerably during the forecast period. On the basis of industry the market is further segregated into BFSI, IT & telecom, government, retail & e-commerce, and others.
Global encryption software Market Share by Industry, 2019(%)
Global encryption software market to be driven by IT & Telecom Industry
Among industry, the IT & telecom segment held a considerable share in the market owing to the significant rise in the deployment of cloud computing services in IT & telecom sector coupled with significant growth in the database in the industry. Cyber-attack on a telecommunication operator could have serious implications such as the disruption of services for customers, surveillance, shut down of essential services and so on. The factors which act as a key driver for building a successful robust framework for handling such attacks are business transformations and changing threat landscapes. The transformation that has been taken by the companies from ‘closed’ to ‘open’ direct towards exploding data traffics and providing a better customer experience. For these changes, it takes a large number of disruptive technologies including social media, big data and so on. Therefore, the high demand of the security measures in the IT & telecom industry is anticipated to propel demand of encryption software.
Regional Outlook
Geographically, the global encryption software market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. The market growth is attributed to the significant adoption of encryption solutions in various enterprise of economies such as China, Japan, India, South Korea, Thailand, and Australia. The increasing number of SMEs has increased the deployment of encryption solutions for security and privacy of enterprise data, which in turn, is expected to drive the adoption of encryption software technology in the region.
Global encryption software Market Growth, by Region 2020-2026
North America to hold a considerable share in the global encryption software market
Geographically, North America is projected to hold a significant market share in the global encryption software market. Major economies which are anticipated to contribute to the North America encryption software market are the US and Canada. The market is mainly driven due to the presence of crucial players, such as Microsoft Corp., IBM Corp. Broadcom Inc., amd others in the region. In addition, significant cyber incidents in BFSI, and IT & telecom are encouraging the adoption of encryption software in the region. The US has a major presence of large enterprises and financial institutions, owing to which, there is a substantial demand for data encryption solutions which encourage the growth for the market.
Market Players Outlook
The key players in the encryption software market contributing significantly by providing different types of deployments and increasing their geographical presence across the globe. The key players of the market include Microsoft Corp., IBM Corp., Broadcom Inc., Thales Group, Trend Micro Inc. These market players adopt various strategies such as deployment launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global encryption software market. Based on the availability of data, information related to pipeline deployments, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Microsoft Corp.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Broadcom Inc..
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. IBM Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Thales Group
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Trend Micro Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Encryption Software Market by Deployment Type
5.1.1. On-Premises
5.1.2. Cloud-Based
5.2. Global Encryption Software Market by Application
5.2.1. Database Encryption
5.2.2. Disk Encryption
5.2.3. Communication Encryption
5.2.4. File Encryption
5.2.5. Others( Cloud Encryption)
5.3. Global Encryption Software Market by Industry
5.3.1. BFSI
5.3.2. IT & Telecom
5.3.3. Government
5.3.4. Retail & E-commerce
5.3.5. Other(Healthcare)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Broadcom Inc.
7.2. Bitdefender S.R.L.
7.3. Bloombase, Inc.
7.4. Check Point Software Technologies Ltd.
7.5. Cryptomathic
7.6. CipherCloud, Inc.
7.7. Cisco Systems, Inc.
7.8. ESET, spol. s r. o.
7.9. Fortinet, Inc.
7.10. IBM Corp.
7.11. Intel Corp.
7.12. Microsoft Corp.
7.13. Micro Focus International plc
7.14. McAfee, LLC
7.15. Oracle Corp.
7.16. Sophos Ltd.
7.17. Stormshield
7.18. Thales Group
7.19. Trend Micro Inc.
7.20. WinMagic
1. GLOBAL ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
2. GLOBAL ON-PREMISES ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL CLOUD-BASED ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
5. GLOBAL ENCRYPTION SOFTWARE IN DATABASE ENCRYPTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL ENCRYPTION SOFTWARE IN DISK ENCRYPTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL ENCRYPTION SOFTWARE IN COMMUNICATION ENCRYPTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL ENCRYPTION SOFTWARE IN FILE ENCRYPTION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL ENCRYPTION SOFTWARE IN OTHERS APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2019-2026 ($ MILLION)
11. GLOBAL ENCRYPTION SOFTWARE IN BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL ENCRYPTION SOFTWARE IN IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL ENCRYPTION SOFTWARE IN GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL ENCRYPTION SOFTWARE IN RETAIL & E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL ENCRYPTION SOFTWARE IN OTHER INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
16. GLOBAL ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
17. NORTH AMERICAN ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
18. NORTH AMERICAN ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
19. NORTH AMERICAN ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
20. NORTH AMERICAN ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2019-2026 ($ MILLION)
21. EUROPEAN ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. EUROPEAN ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
23. EUROPEAN ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION , 2019-2026 ($ MILLION)
24. EUROPEAN ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
26. ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
27. ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
28. ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2019-2026 ($ MILLION)
29. REST OF THE WORLD ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
30. REST OF THE WORLD ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
31. REST OF THE WORLD ENCRYPTION SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2019-2026 ($ MILLION)
1. GLOBAL ENCRYPTION SOFTWARE MARKET SHARE BY DEPLOYMENT TYPE, 2019 VS 2026 (%)
2. GLOBAL ENCRYPTION SOFTWARE MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. GLOBAL ENCRYPTION SOFTWARE MARKET SHARE BY INDUSTRY, 2019 VS 2026 (%)
4. GLOBAL ENCRYPTION SOFTWARE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. US ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
6. CANADA ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
7. UK ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
8. FRANCE ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
9. GERMANY ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
10. ITALY ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
11. SPAIN ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
12. ROE ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
13. INDIA ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
14. CHINA ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
15. JAPAN ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
17. REST OF THE WORLD ENCRYPTION SOFTWARE MARKET SIZE, 2019-2026 ($ MILLION)
