Encryption Software Market expected to reach USD 28.91 billion by 2025
The Global Encryption Software Market is expected to reach USD 28.91 billion by 2025, from USD 4.17 billion in 2017 growing at a CAGR of 27.40% during the forecast period of 2018 to 2025. Encryption software is a type of security program that enables encryption and decryption of a data stream at rest or in transit. It enables the encryption of the content of a data object, file, network packet or application, so that it is secure and unviewable by unauthorized users. Encryption is a process in which the information (data) is converted into codes by the service provider to block any unauthorized access. The data has to be secured and that data may be present in any kind of electronic devices. Every person and business firms has their personal information including data, that may vary from emails to WhatsApp messages and bank details that are to be kept secure between the parties involved which are involved in the transaction.
Some of the leading key players profiled in this study:
Some of the major players operating in the global encryption software market are Dell, Eset, Gemalto, Mcafee, Microsoft, Pkware, Sophos, Symantec, Thales E-Security, Trend Micro, Cryptomathic, Stormshield, Symantec Corporation, Bloombase, Cisco Systems, EMC Corporation, Proofpoint, Check Point Software Technologies, IBM Corporation, Intel Security, and Bitdefender are among others.
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The Research is segmented On The Basis Of :
- The global encryption software market is segmented based on component, application, deployment type, organization size, vertical and geographical segments.
- Based on component, the market is segmented into solution and services. The services market segment is further segmented into professional services and managed services. The professional services market segment is further segmented into support and maintenance, training and education and planning and consulting.
- On the basis of application, the market is classified into disk encryption, file/folder encryption, database encryption, communication encryption and cloud encryption.
- On the basis of deployment type, the market is segmented into on-premises and cloud.
- Based on organization size, the market is segmented into large enterprises and Small and Medium-Sized Enterprises (SMEs).
- Based on Vertical, the market is segmented into Banking, Financial Services And Insurance (BFSI), healthcare, government and public utilities, telecom and IT, retail, aerospace and defense and others (manufacturing, education, and media and entertainment).
- Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, , South Africa and, Brazil among others.
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Encryption Software Market report unearths the general market conditions, trends, preferences, key players, opportunities, geographical analysis and many other parameters that help drive business into the right direction. Encryption Software Market research report explains everything in detail that serves the business purpose and gives a competitive advantage. These parameters range from industry outlook, currency and pricing, value chain analysis, market overview, premium insights, key insights to the company profile of the key market players. Thus, the task of producing and managing marketing of goods and services is simplified and made effective with this market research report.
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The precise and revolutionary information gained through this report is sure to help businesses in identifying the types of consumers, consumer’s demands, their preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying taste about the specific product already available in the market. To elaborate the studies and estimations involved in this Encryption Software Market report, a method of standard market research analysis viz SWOT analysis is put forth. To make better decisions, generate maximum revenue, and enhance business profit, this Encryption Software Market research report is a great key.