Encryption Software Global Market Report 2024

Description

“Encryption Software Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on encryption software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for encryption software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The encryption software market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component: Software; Service
2) By Organization Size: Large Enterprises; Small & Medium Enterprises
3) By Application: Disc Encryption; File/Folder Encryption; Database Encryption; Communication Encryption; Cloud Encryption
4) By Industry Vertical: IT and Telecommunications; Banking, Finance, Security, and Insurance (BFSI); Healthcare and Life Sciences; Manufacturing; Government; Energy and Utilities; Other Industry Verticals
Companies Mentioned: Amazon Web Services Inc; Check Point Software Technologies Ltd.; Dell Inc.; Cisco System Inc; F-Secure Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

The encryption software refers to a type of security program that enables encryption and decryption of the data stream at rest or in transit. It enables the encryption of the content of a data object, file, network packet, or application. This software is secure as it cannot be viewed by unauthorized users. This software is also cheap and trustworthy.

The main types of encryption software are software and service. The total set of programs, operations, and routines related to the operation of a computer system is referred to as software. Encryption software works in large enterprises and small and medium enterprises that have applications in database encryption, disc encryption, file/folder encryption, cloud encryption, and communication encryption. They are used in various industries such as IT and telecommunications, banking, finance, security, and insurance (BFSI), healthcare and life sciences, manufacturing, government, energy and utilities, and other industries.

The encryption software market research report is one of a series of new reports from The Business Research Company that provides encryption software market statistics, including encryption software industry global market size, regional shares, competitors with a encryption software market share, detailed encryption software market segments, market trends and opportunities, and any further data you may need to thrive in the encryption software industry. This encryption software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The encryption software market size has grown rapidly in recent years. It will grow from $11. 96 billion in 2023 to $13. 74 billion in 2024 at a compound annual growth rate (CAGR) of 14. 9%. The growth in the historic period can be attributed to data privacy concerns, stringent regulatory compliance, data center security, increasing volume of sensitive data, integration with storage solutions. .

The encryption software market size is expected to see rapid growth in the next few years. It will grow to $25. 31 billion in 2028 at a compound annual growth rate (CAGR) of 16. 5%. The growth in the forecast period can be attributed to regenerative medicine security, user-friendly encryption interfaces, ransomware mitigation, transparent data encryption, cross-border data transfer. . Major trends in the forecast period include data privacy regulations and compliance, cloud encryption solutions, end-to-end encryption for communication, quantum-safe encryption, integration with key management systems, mobile device encryptioncollaboration with endpoint security solutions. .

The increase in the high adoption of cloud and virtualization technologies is significantly driving the growth of the encryption software market. Cloud technology is the delivery of computing services over the cloud such as data, software, and so on. This data when transferred needs security and protection that is given by the encryption software. It helps in protecting the data when transferred from one source to another or the cloud. According to TechJury, a publishing website for testing and reviewing software companies, 81% of all enterprises have a multi-cloud strategy already laid out or in the works, and 67% of the enterprise infrastructure is cloud-based. Additionally, 82% of the workload will reside on the cloud. Nearly 50% of organizations in Europe are utilized cloud storage in 2022. Hence the increase in the adoption of cloud and virtualization technologies by companies is expected to propel the growth of encryption software industry going forward.

The increased use of IoT devices is expected to drive the growth of encryption software market. IoT devices, which encompass non-standard computing hardware like sensors, actuators, appliances, or machines, establish wireless connections to networks, facilitating data transmission over the internet or other networks. The IoT devices use encryption software for secure data transmission, device authentication, secure remote access, and enhancing IoT ecosystem security. For instance, in May 2023 IoT Analytics GmbH, a Germany-based provider of market insights and strategic business intelligence for the IoT, AI, Cloud, Edge, and Industry 4. 0 stated that the global IoT connections saw an 18% increase in 2022, reaching a total of 14. 3 billion active IoT devices. Therefore, the increased use of IoT devices will be propelling the growth of encryption software market going forward.

Technological advancement is a key trend gaining popularity in the encryption software market. Major companies operating in the encryption software sector are focused on developing new technological solutions to strengthen their position and provide an enhanced product to their users. For instance, in May 2023 Vaultree an Ireland-based software developer announced the launch of Fully Functional Data-In-Use Encryption (FFDUE) solution to the healthcare industry, which significantly improved safeguarding healthcare data. The FFDUE technology enables processing encrypted data in real-time, at scale, while maintaining operational efficiency and performance.

Major companies operating in the encryption software market are developing innovative products to meet the growing demand for encryption software. Innovative encryption software involves cutting-edge cybersecurity tool designed to protect sensitive data by employing advanced encryption techniques and algorithms. For instance, in February 2023 Irdeto, a Netherland-based IT services and consulting services provider announced the launch of ActiveCloak for Media (ACM). ActiveCloak for Media (ACM) incorporates multiple layers of security to safeguard against the unauthorized extraction of content encryption keys from devices. The enhanced ActiveCloak for Media is specifically crafted to shield susceptible devices from the illicit extraction of content encryption keys. This solution incorporates Java Access Control and a range of multi-layered defense mechanisms to thwart any unauthorized attempts to access the content.

In June 2021, Amazon Web Services Inc., a US-based cloud computing platform acquired Wickr for an undisclosed amount. This deal helps to increase safety across messaging, voice and video calling, file sharing, and collaboration technologies. Wickr is an American end-to-end encryption messaging software start-up based in headquarters in New York City.

Major companies operating in the in the encryption software market report are Amazon Web Services Inc, Check Point Software Technologies Ltd., Dell Inc., Cisco System Inc, F-Secure Corporation, Ibm Corporation, Microsoft Corporation Inc., Oracle Corporation, Palo Alto Networks Inc., Trend Micro Inc.,ESET s. r. o,Sophos Group Ltd., Bitdefender Ltd., Pkware Inc.,Thales Group,Gemalto, Jetico Inc. ,Micro Focus,McAfee, Fortinet,Palo Alto Networks,WinMagic,Vormetric, Proofpoint,ESET,Utimaco GmbH,Boxcryptor,Virtru,Zix Corporation,Trustwave,,

North America was the largest region in the encryption software market in 2023. 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, Africa

The countries covered in the encryption software market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The encryption software market includes revenues earned by entities by providing cloud security, system security services, application security, confidentiality data security, email security services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10329

1. Executive Summary

2. Encryption Software Market Characteristics

3. Encryption Software Market Trends And Strategies

4. Encryption Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Encryption Software Market Size and Growth

5.1. Global Encryption Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Encryption Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Encryption Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Encryption Software Market Segmentation

6.1. Global Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Software
Services
6.2. Global Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Large Enterprises
Small and Medium Enterprises
6.3. Global Encryption Software Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Disc Encryption
File/Folder Encryption
Database Encryption
Communication Encryption
Cloud Encryption
6. 4. Global Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
IT and Telecommunications
Banking, Finance, Security, and Insurance (BFSI)
Healthcare and Life Sciences
Manufacturing
Government
Energy and Utilities
Other Industry Verticals

7. Encryption Software Market Regional And Country Analysis

7.1. Global Encryption Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Encryption Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Encryption Software Market

8.1. Asia-Pacific Encryption Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Encryption Software Market

9.1. China Encryption Software Market Overview
9.2. China Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Encryption Software Market

10.1. India Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Encryption Software Market

11.1. Japan Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Encryption Software Market

12.1. Australia Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Encryption Software Market

13.1. Indonesia Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Encryption Software Market

14.1. South Korea Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Encryption Software Market

15.1. Western Europe Encryption Software Market Overview
15.2. Western Europe Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Encryption Software Market

16.1. UK Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Encryption Software Market

17.1. Germany Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Encryption Software Market

18. 5. France Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Encryption Software Market

19. 9. Italy Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Encryption Software Market

20.13. Spain Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Encryption Software Market

21.1. Eastern Europe Encryption Software Market Overview
21.2. Eastern Europe Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Encryption Software Market

22.1. Russia Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Encryption Software Market

23.1. North America Encryption Software Market Overview
23.2. North America Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Encryption Software Market

24.1. USA Encryption Software Market Overview
24.2. USA Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Encryption Software Market

25.1. Canada Encryption Software Market Overview
25.2. Canada Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Encryption Software Market

26.1. South America Encryption Software Market Overview
26.2. South America Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Encryption Software Market

27.1. Brazil Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Encryption Software Market

28.1. Middle East Encryption Software Market Overview
28.2. Middle East Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Encryption Software Market

29.1. Africa Encryption Software Market Overview
29.2. Africa Encryption Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Encryption Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Encryption Software Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Encryption Software Market Competitive Landscape And Company Profiles

30.1. Encryption Software Market Competitive Landscape
30.2. Encryption Software Market Company Profiles
- 30.2.1. Amazon Web Services Inc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Check Point Software Technologies Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Dell Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Cisco System Inc
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. F-Secure Corporation
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Encryption Software Market Competitive Benchmarking

32. Global Encryption Software Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Encryption Software Market

34. Encryption Software Market Future Outlook and Potential Analysis

34.1 Encryption Software Market In 2028 - Countries Offering Most New Opportunities
34.2 Encryption Software Market In 2028 - Segments Offering Most New Opportunities
34. 3 Encryption Software Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer