Global Encryption Software Market Forecast 2019-2028

Global Encryption Software Market Forecast 2019-2028

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


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

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