Title: Global Encryption Software Market Size, Share 2020
1Global Encryption Software Market (Usage,
Vertical and Geography) Segmentation and
Forecast 2013 - 2020
Published on 15 January, 2015 No of Pages
144 Single User Price 4515
Global encryption software market is expected
to reach 2.16 billion by 2020
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2- 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. - MARKET BY GEOGRAPHY
- North America
- United States
- Canada
- Others
- Europe
- United Kingdom
- France
- Germany
- Others
- Asia Pacific
- Japan
- China
- India
- Australia
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3- 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. - 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.
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.
4- 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). - MARKET BY VERTICAL
- Financial Sector
- Healthcare
- Public Sector
- Others (Retail)
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5- The global encryption software market
stakeholders encompass IT security providers, IT
security consultants, venture capitalists, and
enterprises across different industry verticals.
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. - MARKET BY USAGE
- Encryption for Data-at-rest
- Full Disk Encryption (FDE)
- File Level Encryption (FLE)
- Encryption for Data-in-transit
- Email Encryption
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6- 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
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7Global Encryption Software Market (Usage,
Vertical and Geography) Report, Opportunities,
2013 - 2020
A detailed qualitative analysis of the factors
responsible for driving and restraining growth of
the Global Encryption Software Market and future
opportunities are provided in the report.
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Software Market Report