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Encryption Software Market Research Report- Global Forecast 2023

Encryption Software Market, By Deployment (Cloud, On-Premise), By Service (Professional Service, Managed Service), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Application (File/ Folder Encryption) - Forecast 2023

ID: MRFR/ICT/2252-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis of Encryption Software Market:


Market Scenario:


Encryption software refers to program based software that uses cryptography technique to prevent unauthorized access to digital information. Encryption process occurs when data is passed through a series of mathematical operations and generates alternate form of that data, these series of operations is known as algorithm.  Both of these data produced can be differentiated. Unencrypted data refers to plaintext and encrypted data refers to cipher text. The key role of encryption software lies in generating cipher text which cannot be easily returned into original plain text.


Software based encryption is the fastest emerging end-point data security solution in the information technology and telecommunication sector. Encryption software plays an important role in protecting digital information against cybercrime. It can be used to provide high level of security to emails, files stored on hard drives or floppy disk, network communication and other confidential information that requires protection. Increased frequency of cyber-attacks on enterprises is a factor driving the market. Cloud based encryption software segment accounts for highest market share. The need for encryption software is mainly due to increasing cyber-attacks on critical and confidential data. The study indicates, that increase in adoption of bring your own device (BYOD) which pertains to boost employee efficiency has further increased the issue of data loss and unauthorized access to critical data. Disk based encryption is expected to have highest market share due to increase in demand of hardware encryption to secure data.


The segmentation of encryption software market is done on the basis of application. That includes disk encryption, file or folder encryption, communication encryption, database encryption and cloud encryption. Disk encryption prevents unauthorized access to data, as it prevents data by converting into unreadable codes which cannot be accessed by unauthorized people. Disk encryption software or hardware comprised of disk encryption technology, encrypt every bit of data that goes on a floppy disk. 


Study Objectives of Encryption Software Market:



  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the encryption software market.

  • To provide insights about factors affecting the market growth.

  • To analyze the encryption software market based porter’s five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).

  • To provide country level analysis of the market with respect to the current market size and future prospective.

  • To provide country level analysis of the market for segment on the basis of application, deployment, service, organization size and vertical.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the encryption software market.

Encryption Software Market
Encryption Software Market


Key Players:


The prominent players in the encryption software market are – Microsoft Corporation (U.S.), Sophos Ltd. (U.S.), CheckPoint Software Technologies Ltd. (Israel), Trend Micro Inc. (Japan), Symantec Corporation (U.S.), IBM Corporation (U.S.), SAS Institute Inc. (U.S.), Intel Security Group (McAfee) (U.S.), EMC Corporation (U.S.), and WinMagic Inc. (Canada) among others.
 


Segments:


Encryption Software Market for segment on the basis of by application, by deployment, by service, by organization size and by vertical.
 


Encryption Software Market by Application:



  • Disk Encryption

  • File/Folder Encryption

  • Communication Encryption

  • Database Encryption

  • Cloud Encryption


Encryption Software Market by Deployment:



  • Cloud

  • On-Premise 


Encryption Software Market by Service:



  • Professional Service

  • Managed Service 


Encryption Software Market by Organization Size:



  • Small & Medium Enterprises

  • Large Enterprises 


Encryption Software Market by Vertical:



  • Healthcare

  • Government & Public Sector

  • IT & Telecommunication

  • BFSI

  • Retail

  • Aerospace & Defense

  • Others 


Regional Analysis:


The regional analysis of encryption software market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region accounts for higher market share. North America region possess highest market share due to major encryption software players present in the region. Asia-Pacific is expected to be fastest growing market as small and medium enterprises are implementing encryption solution for preventing unauthorized  access to data and cybercrimes. 


  Intended Audience



  • Investors and consultants

  • System Integrators

  • Government Organizations

  • Research/Consultancy firms

  • Technology solution providers

  • IT Solution Providers



Frequently Asked Questions (FAQ) :

The global encryption software market is poised to witness substantial growth and record a significant market value of USD 13 billion by 2024, at a moderate CAGR of 16.4% over the review period (2016 to 2023).

A rise in the adoption of new technologies such as cloud, virtualization, and mobility, have are anticipated to contribute towards the growth of the market. Furthermore, an increase in demand for cloud data encryption is predicted to offer significant opportunities to market players.

The regional analysis of the global encryption software market has been carried out in five major regions, namely, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific is slated to dominate the market share over the review period.

The segmentation of the global encryption software market is done on the basis of application.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 ENCRYPTION SOFTWAREMARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY APPLICATION

6.2.1.1 DISK ENCRYPTION

6.2.1.2 FILE/FOLDER ENCRYPTION

6.2.1.3 COMMUNICATION ENCRYPTION

6.2.1.4 DATABASE ENCRYPTION

6.2.1.5 CLOUD ENCRYPTION

6.2.2 BY DEPLOYMENT

6.2.2.1 CLOUD

6.2.2.2 ON-PREMISE

6.2.3 BY SERVICE

6.2.3.1 PROFESSIONAL DEPLOYMENT

6.2.3.2 MANAGED DEPLOYMENT

6.2.4 BY ORGANIZATION SIZE

6.2.4.1 SMALL & MEDIUM ENTERPRISES

6.2.4.2 LARGE ENTERPRISES

6.2.5 BY VERTICAL

6.2.5.1 BFSI

6.2.5.2 HEALTHCRAE

6.2.5.3 GOVERNMENT & PUBLIC SECTOR

6.2.5.4 RETAIL

6.2.5.5 IT & TELECOMMUNICATION

6.2.5.6 AEROSPACE & DEFENSE

6.2.5.7 OTHERS

6.2.6 BY GEOGRAPHY

6.2.6.1 NORTH AMERICA

6.2.6.2 EUROPE

6.2.6.3 ASIA-PACIFIC

6.2.6.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 MICROSOFT CORPORATION (U.S.)

7.2.2 SOPHOS LTD. (U.S.)

7.2.3 CHECKPOINT SOFTWARE TECHNOLOGIES LTD. (ISRAEL)

7.2.4 TREND MICRO INC. (JAPAN)

7.2.5 SYMANTEC CORPORATION (U.S.)

7.2.6 IBM CORPORATION (U.S.)

7.2.7 SAS INSTITUTE INC. (U.S.)

7.2.8 INTEL SECURITY GROUP (MCAFEE) (U.S.)

7.2.9 EMC CORPORATION (U.S.)

7.2.10 WINMAGIC INC. (CANADA)

7.2.11 OTHERS


LIST OF TABLES

TABLE 1 ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 2 ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 3 ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 4 ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 5 ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 6 ENCRYPTION SOFTWARE MARKET, BY REGION

TABLE 7 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 8 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 9 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 10 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 11 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 12 U.S. ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 13 U.S. ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 14 U.S. ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 15 U.S. ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 16 U.S. ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 17 CANADA ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 18 CANADA ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 19 CANADA ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 20 CANADA ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 21 CANADA ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 22 EUROPE ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 23 EUROPE ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 24 EUROPE ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 25 EUROPE ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 26 EUROPE ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 27 GERMANY ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 28 GERMANY ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 29 GERMANY ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 30 GERMANY ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 31 GERMANY ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 32 FRANCE ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 33 FRANCE ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 34 FRANCE ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 35 FRANCE ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 36 FRANCE ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 37 U.K. ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 38 U.K. ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 39 U.K. ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 40 U.K. ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 41 U.K. ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 42 REST OF EUROPE ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 43 REST OF EUROPE ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 44 REST OF EUROPE ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 45 REST OF EUROPE ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 46 REST OF EUROPE ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 47 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 48 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 49 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 50 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 51 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET, BY VERTICAL

TABLE 52 REST OF THE WORLD ENCRYPTION SOFTWARE MARKET, BY APPLICATION

TABLE 53 REST OF THE WORLD ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT

TABLE 54 REST OF THE WORLD ENCRYPTION SOFTWARE MARKET, BY SERVICE

TABLE 55 REST OF THE WORLD ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 56 REST OF THE WORLD ENCRYPTION SOFTWARE MARKET, BY VERTICAL


LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 ENCRYPTION SOFTWARE MARKET: BY APPLICATION (%)

FIGURE 3 ENCRYPTION SOFTWARE MARKET: BY DEPLOYMENT (%)

FIGURE 4 ENCRYPTION SOFTWARE MARKET: BY SERVICE (%)

FIGURE 5 ENCRYPTION SOFTWARE MARKET: BY ORGANIZATION SIZE (%)

FIGURE 6 ENCRYPTION SOFTWARE MARKET: BY VERTICAL (%)

FIGURE 7 ENCRYPTION SOFTWARE MARKET: BY REGION (%)

FIGURE 8 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY APPLICTAION (%)

FIGURE 9 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 10 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY SERVICE (%)

FIGURE 11 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 12 NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 13 EUROPE ENCRYPTION SOFTWARE MARKET, BY APPLICATION (%)

FIGURE 14 EUROPE ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 15 EUROPE ENCRYPTION SOFTWARE MARKET, BY SERVICE (%)

FIGURE 16 EUROPE ENCRYPTION SOFTWAREMARKET, BY ORGANIZATION SIZE (%)

FIGURE 17 EUROPE ENCRYPTION SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 18 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET BY APPLICATION (%)

FIGURE 19 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 20 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET, BY SERVICE (%)

FIGURE 21 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 22 ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 23 ROW ENCRYPTION SOFTWARE MARKET, BY APPLICATION (%)

FIGURE 24 ROW ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 25 ROW ENCRYPTION SOFTWARE MARKET, BY SERVICE (%)

FIGURE 26 ROW ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 27 ROW ENCRYPTION SOFTWARE MARKET, BY VERTICAL (%)