Market Research Report
Encryption Software Global Market Report 2022
|Encryption Software Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Encryption Software Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global encryption software market.
This report focuses on encryption software market which is experiencing strong growth. The report gives a guide to the encryption software market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the 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. It places the market within the context of the wider encryption software market, and compares it with other markets.
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; Dell; Cisco System, Inc.; F Secure
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
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.
Major players in the encryption software market are: Amazon Web Services, Inc, Check Point Software Technologies, Dell, Cisco System, Inc, F Secure, IBM Corporation, Microsoft Corporation, Oracle Corporation, Palo Alto Networks, Inc, Trend Micro Incorporated, Eset, Microsoft, Sophos Ltd, Bitdefender, and Pkware.
The global encryption software market is expected to grow from $9.36 billion in 2021 to $10.67 billion in 2022 at a compound annual growth rate (CAGR) of 14.1%. The encryption software market is expected to grow to $18.91 billion in 2026 at a CAGR of 15.4%.
The encryption software market consists of sales of encryption software by entities (organizations, sole traders, and partnerships) that refer 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.
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.
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 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 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 December 2020, IBM Security, a US-based company launched a new service that permits companies to test with fully homomorphic encryption (FHE), the technology designed to authorize data to remain encrypted even while being processed or interpreted in the cloud or third-party environments. Fully homomorphic encryption could allow sensitive data to remain encrypted, even while being analyzed in the cloud or third-party environments.
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.
The countries covered in the encryption software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.