KEY FINDINGS
The global encryption software market is projected to register a CAGR of 12.80% during the forecast period, 2019-2028. The estimated factors responsible for driving the market growth are the rising number of data breaches, increasing compliance regulations, rising mobility, and the growing adoption of virtualization and cloud.
MARKET INSIGHTS
Encryption protects confidential data from being accessed by unintended users. It is one of the fastest emerging data solutions. Digitization has led to a growing number of data breaches and brute force attacks. There is an urgent need for encrypted devices due to the rising frequency of brute force attacks. This is one of the crucial factors driving the market growth. Many companies have started developing encrypted keys/chips with the algorithm of a 128-bit symmetric key, 256- bit keys. Higher algorithm keys are set to come in, thereby generating a higher demand in applications like BFSI, healthcare, aerospace, etc. Moreover, hardware-encrypted devices offer protection against security threats.
Further, there is an exponential growth of the cloud. Data security thus becomes a huge concern for enterprises adopting the cloud. The public clouds have bigger concerns, since resources are shared between different users. It majorly relies on virtualization, thereby creating security concerns. Such factors are projected to propel the demand for encryption. At the same time, the lack of awareness and high capital investment is estimated to hamper the growth of the market.
REGIONAL INSIGHTS
The geographical assessment of the global encryption software market covers the analysis of Europe, Asia Pacific, North America, and the rest of the world. North America harbored the major market share in 2019. The rising demand for consumer electronic products like PCs, smartphones, and laptops, along with the launch of cloud services, are contributing to the market prospects of the region.
COMPETITIVE INSIGHTS
Intense rivalry among competitors is evaluated in the market for acquiring major market share. This is due to the presence of numerous players. Some of the renowned players in the market include, Sophos Holdings Ltd, Check Point Software Technologies, Cisco System Inc, Symantec Corporation, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Global Encryption Software Market Forecast 2019-2028
Table of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Market Definition
3.2. Key Drivers
3.2.1. Increasing Number Of Data Breaches And Force Attacks
3.2.2. Increased Compliance Regulations
3.2.3. Growing Adoption Of Virtualization And Cloud
3.2.4. Increasing Mobility
3.3. Key Restraints
3.3.1. High Capital Investment
3.3.2. Limiting The Use Of Encrypted Devices In Some Of The Countries
3.3.3. Lack Of Awareness And Education
3.3.4. Regulatory Restrictions On Crypto-Software
4. Key Analytics
4.1. Key Investment Insights
4.2. Porter's Five Force Analysis
4.2.1. Buyer Power
4.2.2. Supplier Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Opportunity Matrix
4.4. Vendor Landscape
5. Market By Component
5.1. Software
5.2. Services
6. Market By Deployment
6.1. On-Premise
6.2. Cloud
7. Market By Organization Size
7.1. Large Enterprises
7.2. Small & Medium Enterprises
8. Market By Function
8.1. Disk Encryption
8.2. Communication Encryption
8.3. File/Folder Encryption
8.4. Cloud Encryption
9. Market By Industrial Vertical
9.1. Bfsi
9.2. It & Telecom
9.3. Government & Public Sector
9.4. Retail
9.5. Healthcare
9.6. Aerospace & Defense
9.7. Media & Entertainment
9.8. Others
10. Geographical Analysis
10.1. North America
10.1.1. United States
10.1.2. Canada
10.2. Europe
10.2.1. United Kingdom
10.2.2. Germany
10.2.3. France
10.2.4. Italy
10.2.5. Russia
10.2.6. Belgium
10.2.7. Poland
10.2.8. Rest Of Europe
10.3. Asia Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. South Korea
10.3.5. Indonesia
10.3.6. Thailand
10.3.7. Singapore
10.3.8. Australia & New Zealand
10.3.9. Rest Of Asia Pacific
10.4. Rest Of World
10.4.1. Latin America
10.4.2. Middle East & Africa
11. Company Profiles
11.1. Check Point Software Technologies
11.2. Cisco System Inc
11.3. Symantec Corporation
11.4. Sophos Holdings Ltd
11.5. Proofpoint
11.6. Trend Micro Incorporated
11.7. Broadcom Inc
11.8. Dell Inc
11.9. Fireeye Inc
11.10. Fortinet Inc
11.11. International Business Machines Corporation
11.12. Mcafee Llc
11.13. Microsoft Corporation
11.14. Oracle Corporation
11.15. Palo Alto Networks Inc
List of Tables
Table 1: Market Snapshot - Encryption Software
Table 2: Global Encryption Software Market, By Component, Historical Years, 2016-2019 (In $ Million)
Table 3: Global Encryption Software Market, By Component, Forecast Years, 2019-2028 (In $ Million)
Table 4: Global Software Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 5: Global Software Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 6: Global Services Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 7: Global Services Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 8: Global Encryption Software Market, By Deployment, Historical Years, 2016-2019 (In $ Million)
Table 9: Global Encryption Software Market, By Deployment, Forecast Years, 2019-2028 (In $ Million)
Table 10: Global On-Premise Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 11: Global On-Premise Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 12: Global Cloud Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 13: Global Cloud Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 14: Global Encryption Software Market, By Organization Size, Historical Years, 2016-2019 (In $ Million)
Table 15: Global Encryption Software Market, By Organization Size, Forecast Years, 2019-2028 (In $ Million)
Table 16: Global Large Enterprises Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 17: Global Large Enterprises Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 18: Global Small & Medium Enterprises Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 19: Global Small & Medium Enterprises Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 20: Global Encryption Software Market, By Function, Historical Years, 2016-2019 (In $ Million)
Table 21: Global Encryption Software Market, By Function, Forecast Years, 2019-2028 (In $ Million)
Table 22: Global Disk Encryption Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 23: Global Disk Encryption Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 24: Global Communication Encryption Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 25: Global Communication Encryption Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 26: Global File/Folder Encryption Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 27: Global File/Folder Encryption Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 28: Global Cloud Encryption Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 29: Global Cloud Encryption Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 30: Global Encryption Software Market, By Industrial Vertical, Historical Years, 2016-2019 (In $ Million)
Table 31: Global Encryption Software Market, By Industrial Vertical, Forecast Years, 2019-2028 (In $ Million)
Table 32: Global Bfsi Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 33: Global Bfsi Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 34: Global It & Telecom Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 35: Global It & Telecom Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 36: Global Government & Public Sector Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 37: Global Government & Public Sector Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 38: Global Retail Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 39: Global Retail Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 40: Global Healthcare Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 41: Global Healthcare Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 42: Global Aerospace & Defense Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 43: Global Aerospace & Defense Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 44: Global Media & Entertainment Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 45: Global Media & Entertainment Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 46: Global Others Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 47: Global Others Market, By Region, Forecast Years, 2019-2028 (In $ Million)
Table 48: Global Encryption Software Market, By Geography, Historical Years, 2016-2019 (In $ Million)
Table 49: Global Encryption Software Market, By Geography, Forecast Years, 2019-2028 (In $ Million)
Table 50: North America Encryption Software Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 51: North America Encryption Software Market, By Country, Forecast Years, 2019-2028 (In $ Million)
Table 52: Europe Encryption Software Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 53: Europe Encryption Software Market, By Country, Forecast Years, 2019-2028 (In $ Million)
Table 54: Asia Pacific Encryption Software Market, By Country, Historical Years, 2016-2019 (In $ Million)
Table 55: Asia Pacific Encryption Software Market, By Country, Forecast Years, 2019-2028 (In $ Million)
Table 56: Rest Of World Encryption Software Market, By Region, Historical Years, 2016-2019 (In $ Million)
Table 57: Rest Of World Encryption Software Market, By Region, Forecast Years, 2019-2028 (In $ Million)
List of Figures
Figure 1: Key Investment Insights
Figure 2: Porter's Five Force Analysis
Figure 3: Opportunity Matrix
Figure 4: Vendor Landscape
Figure 5: Global Encryption Software Market, Growth Potential, By Component, In 2019
Figure 6: Global Encryption Software Market, By Software, 2019-2028 (In $ Million)
Figure 7: Global Encryption Software Market, By Services, 2019-2028 (In $ Million)
Figure 8: Global Encryption Software Market, Growth Potential, By Deployment, In 2019
Figure 9: Global Encryption Software Market, By On-Premise, 2019-2028 (In $ Million)
Figure 10: Global Encryption Software Market, By Cloud, 2019-2028 (In $ Million)
Figure 11: Global Encryption Software Market, Growth Potential, By Organization Size, In 2019
Figure 12: Global Encryption Software Market, By Large Enterprises, 2019-2028 (In $ Million)
Figure 13: Global Encryption Software Market, By Small & Medium Enterprises, 2019-2028 (In $ Million)
Figure 14: Global Encryption Software Market, Growth Potential, By Function, In 2019
Figure 15: Global Encryption Software Market, By Disk Encryption, 2019-2028 (In $ Million)
Figure 16: Global Encryption Software Market, By Communication Encryption, 2019-2028 (In $ Million)
Figure 17: Global Encryption Software Market, By File/Folder Encryption, 2019-2028 (In $ Million)
Figure 18: Global Encryption Software Market, By Cloud Encryption, 2019-2028 (In $ Million)
Figure 19: Global Encryption Software Market, Growth Potential, By Industrial Vertical, In 2019
Figure 20: Global Encryption Software Market, By Bfsi, 2019-2028 (In $ Million)
Figure 21: Global Encryption Software Market, By It & Telecom, 2019-2028 (In $ Million)
Figure 22: Global Encryption Software Market, By Government & Public Sector, 2019-2028 (In $ Million)
Figure 23: Global Encryption Software Market, By Retail, 2019-2028 (In $ Million)
Figure 24: Global Encryption Software Market, By Healthcare, 2019-2028 (In $ Million)
Figure 25: Global Encryption Software Market, By Aerospace & Defense, 2019-2028 (In $ Million)
Figure 26: Global Encryption Software Market, By Media & Entertainment, 2019-2028 (In $ Million)
Figure 27: Global Encryption Software Market, By Others, 2019-2028 (In $ Million)
Figure 28: North America Encryption Software Market, Regional Outlook, 2019 & 2028 (In %)
Figure 29: United States Encryption Software Market, 2019-2028 (In $ Million)
Figure 30: Canada Encryption Software Market, 2019-2028 (In $ Million)
Figure 31: Europe Encryption Software Market, Regional Outlook, 2019 & 2028 (In %)
Figure 32: United Kingdom Encryption Software Market, 2019-2028 (In $ Million)
Figure 33: Germany Encryption Software Market, 2019-2028 (In $ Million)
Figure 34: France Encryption Software Market, 2019-2028 (In $ Million)
Figure 35: Italy Encryption Software Market, 2019-2028 (In $ Million)
Figure 36: Russia Encryption Software Market, 2019-2028 (In $ Million)
Figure 37: Belgium Encryption Software Market, 2019-2028 (In $ Million)
Figure 38: Poland Encryption Software Market, 2019-2028 (In $ Million)
Figure 39: Rest Of Europe Encryption Software Market, 2019-2028 (In $ Million)
Figure 40: Asia Pacific Encryption Software Market, Regional Outlook, 2019 & 2028 (In %)
Figure 41: China Encryption Software Market, 2019-2028 (In $ Million)
Figure 42: Japan Encryption Software Market, 2019-2028 (In $ Million)
Figure 43: India Encryption Software Market, 2019-2028 (In $ Million)
Figure 44: South Korea Encryption Software Market, 2019-2028 (In $ Million)
Figure 45: Indonesia Encryption Software Market, 2019-2028 (In $ Million)
Figure 46: Thailand Encryption Software Market, 2019-2028 (In $ Million)
Figure 47: Singapore Encryption Software Market, 2019-2028 (In $ Million)
Figure 48: Australia & New Zealand Encryption Software Market, 2019-2028 (In $ Million)
Figure 49: Rest Of Asia Pacific Encryption Software Market, 2019-2028 (In $ Million
Figure 50: Rest Of World Encryption Software Market, Regional Outlook, 2019 & 2028 (In %)
Figure 51: Latin America Encryption Software Market, 2019-2028 (In $ Million)
Figure 52: Middle East & Africa Encryption Software Market, 2019-2028 (In $ Million)
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