Encryption Software Market: Global Forecasts to 2021 Oct 2016
Encryption Software Market size is estimated to grow from USD 3.05 billion in 2016 to
USD 8.94 billion by 2021, at an estimated CAGR of 24.0%. The encryption software market
is driven by factors such as increasing need to safeguard critical business information
against advanced threats, manifestation of dynamic business environment, and compliance
to cyber security guidelines and regulations. However, increasing operational costs and
emergence of hardware-based full disk encryption limit the growth of encryption software
market.
Complete report on Encryption Software Market spread across 157 pages, profiling
10 companies and supported with 57 tables and 51 figures is now available at
Encryption Software Market
The cloud encryption segment is estimated to grow at the highest CAGR during the forecast
period, due to the increased adoption of cloud-based storage and applications across
various business processes. Increased intensity and volume of cyber-attacks have further
increased data security concerns for organization that have adopted cloud for data storage.
Disk encryption will have largest market size in 2016, as data storage disks are also
susceptible to cyber attacks. Moreover, with the emergence of BYOD trend, the loss and
theft of mobile devices comprising business data, further increases the data security
concerns.
APAC includes emerging economies, such as China, Japan, and India, which are rapidly
deploying encryption software solutions. APAC is expected to grow at the highest CAGR
during the forecast period. This is primarily due to the increasing instances of severe
cyber-attacks in verticals such as BFSI and IT & Telecom with the surging volume payments
and transactions taking place over the internet. Furthermore, North America is expected to
have the largest market size in 2016.
Ask for a discount before order a copy of Encryption Software Market by Application
(Disk Encryption, File/Folder Encryption, Database Encryption, Communication
Encryption, Cloud Encryption), Service, Deployment Type, User Type, Industry
Vertical, Region - Global Forecast to 2021 Click Here
In-depth interviews were conducted with CEOs, marketing directors, other innovation and
technology directors, and executives from various key organizations operating in the
encryption software market place.
By Company Type: Tier 1: 55%, Tier 2: 20%, Tier 3: 25%
By Designation: C-Level: 60%, Director Level: 25%, Others: 15%