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Encryption Software Market - Regulations to Increase Adoption of Encryption Solutions

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The encryption software market by usage comprises encryption for data-at-rest and encryption for data-in-transit. In 2014, data-at-rest encryption software segment accounted for approximately 93.4% of the total encryption software market by value. – PowerPoint PPT presentation

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Title: Encryption Software Market - Regulations to Increase Adoption of Encryption Solutions


1
Opportunity Analysis and Industry Forecast,
2016-2023
Encryption Software Market
Regulations to Increase Adoption of Encryption
Solutions
Global Opportunity Analysis and Industry
Forecast, 2014-2022
2
Global Encryption Software Market Report,
published by Allied Market Research, forecasts
that the global market is expected to garner 2.5
billion by 2021, registering a CAGR of 14.2
during the period 2016 - 2022. North America is
expected to be the leading contributor during the
forecast period, owing to higher adoption of
end-point security solutions among organizations
and prevalence of higher data protection
compliance regulations. However, Asia-Pacific
region is anticipated to grow at the fastest
rate, due to the growing penetration of cloud
computing and increasing workforce mobility. The
encryption software market by usage comprises
encryption for data-at-rest and encryption for
data-in-transit.
INTRODUCTION
Encryption Software Market
3
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Encryption Software Market
Encryption Software Market
4
The World Encryption Software Market is expected
to reach 2,894 million by 2022, growing at a
CAGR of 15.2 from 2017 to 2022. Encryption
ensures the safety and privacy of data by
converting a message or plain text into coded
message called the Cipher text so that only the
authorized parties can read it. The plain text
is encrypted/coded using an algorithm and an
encryption key which can be encoded or deciphered
only by the recipient by using the correct
encryption key. Thus, by converting plain text
into cipher text, encryption prevents any
unintended person from reading the same, and
ensures that it can be interpreted only by the
authorized person. This ensures safety and
privacy of data.
OVERVIEW
Encryption Software Market
5
Presently, encryption software for data-at-rest
accounts for the major share of the encryption
software market as compared to the encryption
software for data-in-transit (email) Within the
data-at-rest encryption software market,
software-based full disk encryption (FDE) would
continue to hold the majority of share vis--vis
file level encryption (FLE), throughout the
forecast period Based on the geographic
analysis, North America presently is the highest
revenue-generating region and would continue to
maintain this trend during 2015-2021 The use of
encryption software is most widespread in the
financial sector, which contributed approximately
44.2 share of total encryption software market
revenue in 2014 The adoption of encryption
software is higher among large enterprises as
compared to the small- and medium-sized businesses
Key Findings
Encryption Software Market
6
The study provides an in-depth analysis of the
encryption software market with current and
future trends to elucidate the imminent
investment pockets. Current and future trends
are outlined to determine the overall
attractiveness and to single out profitable
trends to gain a stronger foothold in the
encryption software market. The report provides
information regarding key drivers, restraints,
opportunities, and impact analysis. Quantitative
analysis of the current market and estimations
through 20172022 are provided to highlight the
financial caliber of the encryption software
market and is also impacting the encryption
software growth. Porters Five Forces model and
SWOT analysis of the industry illustrates the
potency of the buyers suppliers participating
in the market.
Key Benefits
Encryption Software Market
7
Key Plyers Owing to the rapidly
increasing adoption of cloud services across
various sectors, organizations are inclined
towards adopting encryption solutions to ensure
data security and compliance with the data
privacy regulations. The key players profiled in
this report are Symantec Corporation, Sophos
Holdings Ltd., McAfee, Inc., Check Point Software
Technologies, Proofpoint, and Trend
Micro. Segment Overview The encryption software
market report covers full disk encryption, and
file level encryption which are prominent
technologies used for data protection. Full disk
and file-level encryption are covered under
encryption software for data-at-rest. This
report, on a whole, only features information on
various types of encryption software along with
their adoption in different industry
verticals. The encryption software market is
segmented by usage, industry verticals, and
geography. Based on usage, it is sub-segmented
into data-at-rest and data-in-transit. In 2016,
data-at-rest generated the highest revenue in the
global encryption software market
Key Plyers and Segment Overview
Encryption Software Market
8
About Allied Market Research Allied Market
Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics
LLP based in Portland, Oregon. Allied Market
Research provides global enterprises as well as
medium and small businesses with unmatched
quality of "Market Research Reports" and
"Business Intelligence Solutions". AMR has a
targeted view to provide business insights and
consulting to assist its clients to make
strategic business decisions and achieve
sustainable growth in their respective market
domain. Contact Us 5933 NE Win Sivers
Drive, 205, Portland, OR 97220, United
States. Int'l 1-503-894-6022 Toll Free
1-800-792-5285 Fax 1-800-792-5285
Contact Allied Market Research
Encryption Software Market
9
 
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