The European encryption software market is estimated to grow significantly during the forecast period. The growth of the market is attributed to various factors including well-developed IT infrastructure, high internet penetration, growing cyber-crimes, and strict government regulations regarding data protection in the region. The European market for encryption software is segregated on the basis of deployment type, application, and industry. Based on the deployment type, the market is further classified into on-premises and cloud-based. The cloud segment is projected to have considerable growth in the European market owing to the significant deployment of cloud technologies in enterprises. The application segment is further classified into database encryption, disk encryption, communication encryption, file encryption, and others. The database encryption segment is projected to grow significantly with a rising concern related to data security and privacy in various verticals such as BFSI and IT & telecom. 

Based on the industry, the European encryption software market is further segmented into BFSI, IT & telecom, government, retail & e-commerce, and others. The IT & telecom segment is estimated to have a considerable share in the market owing to the growing adoption of data encryption software coupled with increasing data security concerns in the industry. Based on geography, the European encryption software market is further segregated into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Among, geography, UK is projected to have a considerable share in the European encryption software market.  

The companies which are contributing to the growth of the European encryption software market include Microsoft Corp., IBM Corp., Broadcom Inc., Intel Corp., Oracle Corp., Cisco Systems, Inc., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. 

Research Methodology

The market study of the European encryption software market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their deployment catalog.

The report is intended for encryption software providers, end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the deployment preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. European Encryption Software Market Research and Analysis by Deployment Type
2. European Encryption Software Market Research and Analysis by Application
3. European Encryption Software Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the European encryption software market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European encryption software market.
• Insights about market determinants that are stimulating the European encryption software market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.