Global Encryption Software Market Value to cross USD 19.6 BN By 2026
Posted On July 22, 2020
A market research report anticipates the Global Encryption Software Market to reach USD 7.1 BN in 2019. It is estimated to grow and reach USD 19.6 BN mark by 2026. The report publisher, Value Market Research expects a CAGR of 15.55% during 2020 to 2026. The global encryption market is growing rapidly due to increasing concerns about data safety and security, growing adoption for cloud and virtual technology, and strict data security compliance and standards. The other significant factors that are fuelling the market include rising demand for advanced cloud computing services such as Enterprise as a service (EaaS) and integrated data protection solutions. Increasing the application of encryption software in the pharmaceutical industry as well as military service to protect data is propelling the market. During the COVID-19 pandemic, the global encryption software market is anticipated to grow as increasing R & D in the healthcare and pharmaceutical sector needs the protection of valuable research and investigational data.
Encryption is a process that converts data or information into a code. The main aim behind encryption or data encoding is to protect the information and block unauthorized access. The encryption process converts original data or plain text into an encoded form called ciphertext. Only authorized persons or parties can convert ciphertext into plaintext to get access to the original information. Encryption software is used for the encryption process. Encryption software makes use of cryptography to secure digital data and prevent unauthorized access to valuable information. Many enterprises, both small and medium, are opting for encryption to protect data.
The first chapter of the report "Global Encryption Software Market Report By Component (Software and Services), By Deployment Model (On-Premise and Cloud), By Organization Size (Large Enterprises and Small & Medium Enterprises), By Function (Disk Encryption, Communication Encryption, File or Folder Encryption, Cloud Encryption), By Industry Vertical (BFSI, IT/Telecom, Government & Public, Retail, Healthcare, Aerospace & Defense, Media & Entertainment, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026” " gives the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions in the subsequent chapters.
The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future.By Component the market is divided into Software and Service. By Deployment Model the market is segmented into on-Premise and Cloud. By Organization Size the market is divided as Large Enterprises and Small & Medium Enterprises. By Function the market is segmented into Disk Encryption, Communication Encryption, File/Folder, Encryption, and Cloud Encryption. Based on Industry Vertical the market is categorised into BFSI,IT/Telecom,Government & Public, Retail, Healthcare, Aerospace & Defense, Media & Entertainment and Others. North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global Encryption Software Market -
By Deployment Model
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
- Disk Encryption
- Communication Encryption
- File/Folder Encryption
- Cloud Encryption
By Industry Vertical
- Government & Public
- Aerospace & Defense
- Media & Entertainment
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Amazon Web Services Inc. (AWS), Check Point Software Technologies, Cisco System Inc., F-Secure, Fortinet Inc.
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