The leading players in the market are Sophos, Microsoft, Check Point Software Technologies, Dell EMC, McAfee, Bloombase, IBM, Symantec Software Solutions Private Limited and Cisco Systems. These players offer data protection solutions for the Small and Medium Businesses (SBMs) and enterprises. Moreover, the organizations additionally center on the improvement of imaginative strategies identified with the propelled cryptography to give strong information security.
Crystal Market Research offers a latest published report on “Encryption Software Market– 2014-2023” covers the present scenario and the growth prospects. The report delivers a comprehensive research based study of the market along with the market share, forecast data, in-depth analysis, and detailed overview global market.
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Market Trend Outlook Analysis
The Encryption Software Market was worth USD 1.94 billion in 2014 and is expected to reach approximately USD 17.13 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 27.39% during the forecast period. Currently, encryption programming is used in a variety of settings including retail, defence, retail, education, enterprises, and industrial automation. Software enterprises over the globe are quickly adopting encryption software to enhance information security and upgrade business capability. Brand reputation, regulatory compliance, and data privacy concerns are anticipated to be the power factors actuating associations to exploit encryption software solutions.
Regional Outlook and Trend Analysis:
Asia Pacific represented over USD 500.0 million in 2015, which is evaluated to increment over the conjecture years attributed to the absence of storage infrastructure urging the associations to store information on the cloud. This raises the danger of information data thefts and loss, heightening the market request. Moreover, the developing entrance of BYOD, IoT and cloud services has induced the business demand.
Deployment Outlook and Trend Analysis
The on-premise section rose as a predominant organization fragment, representing over 60.0% of the general income in 2015. Nonetheless, the cloud-based portion is anticipated to develop significantly over the conjecture time frame. This can be ascribed to the continuous opening up of the market for next-generation apparatuses to plug information spills against a setting of mega trends including virtualization, Internet of Things (IoT), and consumerization of big business IT.
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Application Outlook and Trend Analysis
The cloud solutions portion is anticipated to witness development at a significant CAGR in the following years. Data storage is one of the significant assets for a few businesses including retail, banking & financial, and others to move to the cloud. This is attributable to the adaptability it offers as far as versatility and usage approach. Nonetheless, the adoption of cloud calls for the protection of crucial data.
End User Outlook and Trend Analysis
The BFSI portion represented a sizeable share of the market in 2015 and is foreseen to witness development at a significant CAGR over the forecast period. Banks generally use strategies including email, DVDs, and others for transferring data, which represent a high danger of information breach, thereby boosting the development openings in the business.
Web Communication Encryption
Network Traffic Encryption
By End User:
Government & Public Administration
Defense & Aerospace
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North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific- Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates
Major Table of Contents:
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
126.96.36.199. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
….CONTINUED FOR TOC
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