Market Overview:
The global encryption software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for data security and privacy across organizations and rising instances of cyber-attacks. On-premises encryption software held the largest share of the global encryption software market in 2017, owing to its ability to provide high levels of security for data stored on-premises. However, cloud encryption software is expected to grow at a higher CAGR during the forecast period, as it offers several advantages over on-premises encryption software, such as scalability and lower costs. Disk Encryption was the largest application segment of the global encryption software market in 2017, owing to its widespread use among organizations for protecting confidential data stored on laptops and desktops. However, File/Folder Encryption is expected grow at a higher CAGR during the forecast period due its growing popularity among small businesses and individual users for securing their personal files against unauthorized access.
Product Definition:
Encryption software is a type of program that scrambles data so that it can't be read by unauthorized people. It's often used to protect passwords, financial information, and other sensitive data. Encryption software is important because it helps keep your information secure from hackers and other online threats.
On-premises:
On-premises, it's usage and growth factor in Encryption Software market? By type (Cloud/On-premises), By Deployment (SaaS, PaaS), And Segment Forecasts to 2022 -> The global on-premises encryption software is expected to witness significant demand over the forecast period owing to an increase in data security concerns.
Cloud:
Cloud is a collection of remote servers that are connected by a network and can be used to store, share, and process data. It provides shared resources such as storage space, processing power, bandwidth capacity etc. over the internet. Data stored in cloud can be retrieved using internet connection at any place and time without the need for physical presence of server or IT professional.
Application Insights:
Disk encryption is the most widely used form of encryption and accounted for over 40% of the revenue share in 2017. It is widely used to protect data at rest or in motion across all industry sectors. The need to safeguard sensitive data, which is prone to loss or theft, has driven the growth of this segment. Encryption protects data by hiding its contents from unauthorized users. Disk encryption solutions also offer a higher level of security against malicious users with access to encrypted files, as they cannot decipher their contents without possessing proper decryption keys.
The communication encryption segment captured a significant market share owing to increasing demand for secure communications across all industries including defense and healthcare among others where privacy and confidentiality are critical assets that need protection from unauthorised access or disclosure. Moreover, growing awareness about online privacy issues has increased consumer preference for using communication applications with strong encryptions features built-in thereby driving market growth over recent years since 2013 till date (decrypting Encyption Software Market).
Regional Analysis:
North America dominated the global market in 2017, owing to the presence of a large number of encryption software vendors and increased adoption of cloud-based solutions. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing government mandates and regulations regarding data security, growing cybercrimes, and rising awareness about digital privacy.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to several factors such as rapid technological advancements resulting in development of new products; increasing demand for mobile & wireless devices; expanding IT sector due to low costs associated with offshore services; etc. Moreover, countries like China are investing heavily in research & development activities which will drive regional growth further.
Growth Factors:
- Increasing demand for data security and privacy from individual users as well as businesses
- Rapid growth of cloud-based services and increasing adoption of BYOD policies in organizations
- Stringent government regulations on data security and privacy
- Growing concern over cyber-attacks and data breaches
- Proliferation of mobile devices and the increasing trend of Bring Your Own Device (BYOD)
Scope Of The Report
Report Attributes
Report Details
Report Title
Encryption Software Market Research Report
By Type
On-premises, Cloud
By Application
Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption
By Companies
Dell, Eset, Gemalto, IBm, Mcafee, Microsoft, Pkware, Sophos, Symantec, Thales E-Security, Trend Micro, Cryptomathic, Stormshield
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Encryption Software Market Report Segments:
The global Encryption Software market is segmented on the basis of:
Types
On-premises, Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dell
- Eset
- Gemalto
- IBm
- Mcafee
- Microsoft
- Pkware
- Sophos
- Symantec
- Thales E-Security
- Trend Micro
- Cryptomathic
- Stormshield
Highlights of The Encryption Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premises
- Cloud
- By Application:
- Disk Encryption
- File/Folder Encryption
- Database Encryption
- Communication Encryption
- Cloud Encryption
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Encryption Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Encryption software is a piece of software that helps protect data by encrypting it.
Some of the major players in the encryption software market are Dell, Eset, Gemalto, IBm, Mcafee, Microsoft, Pkware, Sophos, Symantec, Thales E-Security, Trend Micro, Cryptomathic, Stormshield.
The encryption software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Encryption Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Encryption Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Encryption Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Encryption Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Encryption Software Market Size & Forecast, 2020-2028
4.5.1 Encryption Software Market Size and Y-o-Y Growth
4.5.2 Encryption Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 On-premises
5.2.2 Cloud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Disk Encryption
6.2.2 File/Folder Encryption
6.2.3 Database Encryption
6.2.4 Communication Encryption
6.2.5 Cloud Encryption
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Encryption Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Encryption Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 On-premises
9.6.2 Cloud
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Disk Encryption
9.10.2 File/Folder Encryption
9.10.3 Database Encryption
9.10.4 Communication Encryption
9.10.5 Cloud Encryption
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 On-premises
10.6.2 Cloud
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Disk Encryption
10.10.2 File/Folder Encryption
10.10.3 Database Encryption
10.10.4 Communication Encryption
10.10.5 Cloud Encryption
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 On-premises
11.6.2 Cloud
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Disk Encryption
11.10.2 File/Folder Encryption
11.10.3 Database Encryption
11.10.4 Communication Encryption
11.10.5 Cloud Encryption
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 On-premises
12.6.2 Cloud
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Disk Encryption
12.10.2 File/Folder Encryption
12.10.3 Database Encryption
12.10.4 Communication Encryption
12.10.5 Cloud Encryption
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 On-premises
13.6.2 Cloud
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Disk Encryption
13.10.2 File/Folder Encryption
13.10.3 Database Encryption
13.10.4 Communication Encryption
13.10.5 Cloud Encryption
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Encryption Software Market: Competitive Dashboard
14.2 Global Encryption Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dell
14.3.2 Eset
14.3.3 Gemalto
14.3.4 IBm
14.3.5 Mcafee
14.3.6 Microsoft
14.3.7 Pkware
14.3.8 Sophos
14.3.9 Symantec
14.3.10 Thales E-Security
14.3.11 Trend Micro
14.3.12 Cryptomathic
14.3.13 Stormshield
