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Global Encryption Software Market -Share, Trends, Demand, Analysis, Research and Forecast 2020

Big Market Research : Global Encryption Software Market (Usage, Vertical and Geography): Share, Trends, Demand, Analysis, Research and Forecast 2020 To Get More Details @
Global Encryption
Software Market
: Share, Trends,
Demand, Analysis,
Research and
Forecast 2020
Report Description
Software-based encryption is one of the fast emerging end point data security
solutions. An increasing number of organizations worldwide are adopting encryption to
address their growing concerns of data safety and data privacy compliance regulations.
With data protection and compliance becoming a high priority, organizations have started
to view encryption as an enabler to achieve compliance, data security and flexibility. In
addition to the complex regulations, increasing adoption of new technologies such as
mobility, cloud and virtualization have also fuelled the need for encryption more than
ever before.
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The main purpose of an encryption software is to protect the confidentiality of the data
stored in files/folders and disks or data-at-rest; and the data travelling over wireless
network or data-in-transit, depending upon the security and compliance requirements of
an organization. This is achieved by converting a message or plain text into coded
message called the Cipher text so that only the authorized parties can read it.
Report Description
Software-based encryption uses software to encrypt and decrypt data at-rest as well as
data-in-transit. Thus, by rendering the data unreadable by unauthorized persons,
encryption software ensures the safety and security of the confidential data. Additionally,
a number of data privacy legislations mandate the use of encryption or cite encryption as
one most appropriate measures of data protection. Thus, the adoption of encryption
would continue to grow in response to data protection compliance regulations and the
on-going cyber attacks.
The global encryption software market is expected to reach $2.16 billion by 2020,
growing at a CAGR (compounded annual growth rate) of CAGR of 14.27% from 2014 to
2020. The global encryption software market has been segmented in this report as per
usage, segments, geography and verticals. On the basis of usage, the global encryption
software market is categorized into Data-at-rest and Data-in-transit. The Data-at-rest
encryption software market is further bifurcated into two key segments; Full Disk
Encryption (FDE) and File level encryption (FLE). The global encryption software market
stakeholders encompass IT security providers, IT security consultants, venture capitalists,
and enterprises across different industry verticals.
Report Description
The global encryption software market in terms of geography covers North America,
Europe, APAC and LAMEA. Presently, North America dominates the global encryption
software market, followed by Europe. It is expected that the North America would
continue to dominate the global encryption software market from 2014 to 2020 owing to
the burgeoning number of high profile data breaches, stringent data privacy compliance
regulations and the increasing adoption of technologies specifically cloud and mobility.
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Key Benefits
• The study provides an in-depth analysis of the encryption software market with
current and future trends to elucidate the imminent investment pockets in the market
• Current and future trends are outlined to determine the overall attractiveness and to
single out profitable trends for gaining a stronger foothold in the market
• The report provides information regarding key drivers, restraints and opportunities
with impact analysis
• Quantitative analysis of the current market and estimations through 2013-2020 are
provided to highlight the financial caliber of the market
• Porters Five Forces model and SWOT analysis of the industry illustrates the potency of
the buyers & suppliers participating in the market
• Value chain analysis in the report provides a clear understanding of the roles of
stakeholders involved in the value chain
Key Market Segments
The market is segmented on the basis of usage, vertical and geography.
• Encryption for Data-at-rest
• Full Disk Encryption (FDE)
• File Level Encryption (FLE)
• Encryption for Data-in-transit
• Email Encryption
• Financial Sector
• Healthcare
• Public Sector
• Others (Retail)
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Key Market Segments
North America
• United States
• Canada
• Others
• Europe
United Kingdom
• France
• Germany
• Others
Asia Pacific
• Japan
• China
• India
• Australia
• Others
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