Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||994211|
|Published||Content info||132 Pages
Delivery time: 1-2 business days
|Published: April 1, 2021||Content info: 132 Pages||
Global Data Encryption Market to Reach $7.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Data Encryption estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$7.3 Billion by 2027, growing at a CAGR of 17.2% over the period 2020-2027.
The U.S. Market is Estimated at $643.2 Million, While China is Forecast to Grow at 22.2% CAGR
The Data Encryption market in the U.S. is estimated at US$643.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2027 trailing a CAGR of 22.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.4% and 15.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.6% CAGR.
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