PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1133247
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1133247
According to SPER Market Research, the Global Encryption Software Market is estimated to reach USD 40.81 billion by 2030 with a CAGR of 15.8%.
The market study of the global encryption software market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to break down the market into various segments, derive the total market size, market forecast, and growth rate. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. Based on the industry, the global encryption software market is further segmented into BFSI, IT & telecom, government, retail & e-commerce, and others.
The increase in the high adoption of cloud and virtualization technologies is significantly driving the growth of the encryption software market. This data when transferred needs security and protection that is given by the encryption software. Hence the increase in the adoption of cloud and virtualization technologies by companies is expected to propel the growth of encryption software going forward.
The IT & telecom segment is estimated to have a considerable share in the market owing to the growing adoption of data encryption software coupled with increasing data security concerns in the industry across the globe. Among, region North America is projected to have a considerable share in the global encryption software market.
Impact of COVID-19 on the Global Encryption Software Market
The report delivers insights on COVID-19 considering the changes in consumer behaviour and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments.
Scope of the report:
Report Metric Details
Market size available for years 2019-2030
Base year considered 2021
Forecast period 2022-2030
Segments covered By Organization Size, By Application, By Component, By Industry Vertical
Geographies covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered Broadcom Inc., Bitdefender S.R.L., Bloombase Inc., Check Point Software Technologies Ltd., Cryptomathic, Cipher Cloud Inc., Cisco Systems Inc., Fortinet Inc., IBM Corp., Intel Corp., Microsoft Corp., Micro Focus International plc., McAfee LLC, Oracle Corp., Sophos Ltd., Stormshield, Thales Group, Trend Micro Inc., WinMagic.
Global Encryption Software Market, By Organization Size:
Based on the Organization Size, Global Encryption Software Market is segmented as; Large Enterprises, Small and Medium Enterprises.
Global Encryption Software Market, By Application:
Based on the Application, Global Encryption Software Market is segmented as; Disc Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption.
Global Encryption Software Market, By Component:
Based on the Component, Global Encryption Software Market is segmented as; Software, Service.
Global Encryption Software Market, By Industry Vertical:
Based on the Industry Vertical, Global Encryption Software Market is segmented as; IT and Telecommunications, Banking, Finance, Security, and Insurance (BFSI), Healthcare and Life Sciences, Manufacturing, Government, Energy and Utilities, Other Industry Verticals.
Global Encryption Software Market, By Region:
North America was the largest region in the encryption software market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the encryption software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.