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Encryption Software Market by Component (Solution and Services), Application (Disk Encryption, File/Folder Encryption, Communication Encryption, and Cloud Encryption), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022

Encryption Software Market by Component (Solution and Services), Application (Disk Encryption, File/Folder Encryption, Communication Encryption, and Cloud Encryption), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022

Stringent regulatory compliances and the increasing concern for data security are expected to be driving the growth of the encryption software market
The encryption software market size is expected to grow from USD 3.87 billion in 2017 to USD 12.96 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 27.4%. The market is expected to be driven by factors, such as the rising concerns of critical data loss in the on-premises environment, risk on cloud environment due to exploitation of big data analytics, and the regulations to increase the adoption of the encryption solutions. However, the major hindrance faced by the enterprises while adopting the encryption software are believed to be the lack of budget for the adoption of the best-in-class encryption solutions, lack of awareness about encryption, and the performance concerns among enterprises.

Cloud encryption application is expected to have the fastest growth rate during the forecast period
The cloud encryption application in the encryption software market is expected to grow at the fastest rate, during the forecast period. The major reason for the high growth rate of the cloud encryption application is said to be the ongoing expansive adoption of cloud among companies across the world. There are numerous advantages associated with the adoption of cloud, such as improved flexibility and scalability, faster deployments, and enhanced mobility, which encourage the cloud adoption. However, the risks associated with content protection and data compliance remain to be the prime impediment for embracing the cloud across businesses. This encourages the adoption of cloud encryption solutions to safeguard the sensitive information from being breached.

Banking, Financial Services, and Insurance (BFSI) vertical is expected to have the largest market size during the forecast period
Companies in the BFSI sector are expanding their offerings to maintain a competitive edge, save costs, and improve the customer experience with value-added services. The increasing usage of mobile technology has enhanced the adoption of encryption solutions and services in the financial organizations. The financial sector uses encryption solutions to control and secure the sensitive data of customers and protect the data from the internal and external risks of theft. In addition, banking organizations, to enhance their business opportunities, need to make use of external networks that are unsecured. Moreover, the pressure from the regulatory standards, such as Advanced Encryption Standard (AES) and Payment Card Industry Data Security Standard (PCI-DSS), has led companies in this sector to deliver security solutions with encryption software.

North America is expected to contribute to the largest market share and Asia Pacific (APAC) is estimated to grow at the fastest rate during the forecast period
North America is expected to have the largest market share and dominate the encryption software market from 2017 to 2022, owing to the early adoption of new and emerging technologies, and the presence of a large number of players in this region. APAC offers extensive growth avenues for the encryption software market, owing to the widespread presence of Small and Medium-sized Enterprises (SMEs) and telecom companies that are extensively adopting encryption software to safeguard their sensitive data.

The break-up profiles of primary participants are given below:
• By company: Tier 1–55%, Tier 2–20%, and Tier 3–25%
• By designation: C-level–60%, Director level–25%, and Others–15%
• By region: North America–35%, Europe–25%, APAC–20%, Latin America–10%, and Middle East and Africa (MEA)–10%

The following key encryption software providers have been profiled in the report:
1. CipherCloud (California, US)
2. Dell (Texas, US)
3. ESET (Bratislava, Slovakia)
4. Gemalto (Amsterdam, Netherlands)
5. IBM (New York, US)
6. McAfee (California, US)
7. Microsoft (Washington, US)
8. PKWARE (Wisconsin, US)
9. Sophos (Abingdon, UK)
10. Symantec (California, US)
11. Thales e-Security (La Defense, France)
12. Trend Micro (Tokyo, Japan)

Research Coverage
The encryption software market has been segmented on the basis of components (solution and services), applications, deployment types, organization sizes, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, solutions and services, key strategies, new product launches, partnerships, agreements and collaborations, business expansions, and the competitive landscape associated with the encryption software market.

The report will help the market leaders/new entrants in this market in the following ways:
• This report segments the encryption software market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
• This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes vendor comparison of top market players in the encryption software market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED
    • CURRENCY
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2014-2016
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS AND LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE ENCRYPTION SOFTWARE MARKET
    • ENCRYPTION SOFTWARE MARKET, MARKET SHARE OF TOP 3 APPLICATIONS AND TOP 3 REGIONS
    • ENCRYPTION SOFTWARE MARKET, BY SERVICE
    • ENCRYPTION SOFTWARE MARKET, BY PROFESSIONAL SERVICE
    • ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT TYPE
    • ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • REGULATORY IMPLICATIONS
      • PAYMENT CARD INDUSTRY DATA SECURITY STANDARD
      • HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT
      • FEDERAL INFORMATION SECURITY MANAGEMENT ACT
      • SARBANES-OXLEY ACT
      • GRAMM-LEACH-BLILEY ACT
      • FEDERAL INFORMATION PROCESSING STANDARDS
      • GENERAL DATA PROTECTION REGULATION
    • INNOVATION SPOTLIGHT
      • Table INNOVATION SPOTLIGHT: LATEST ENCRYPTION SOFTWARE INNOVATIONS
    • USE CASES
      • LARGE-SCALE ADOPTION OF EMAIL ENCRYPTION IN FINANCIAL ORGANIZATIONS IN THE UK
      • ADOPTION OF ENCRYPTION SOLUTION BY A CLINICAL RESEARCH COMPANY
      • RELIANCE OF SMALL AND MEDIUM FINANCIAL COMPANIES ON DATA ENCRYPTION
      • LARGE-SCALE ADOPTION OF ENCRYPTION BY IT AND TELECOM COMPANIES
      • NEED FOR BEST-IN-CLASS ENCRYPTION SOLUTIONS FOR GOVERNMENT SECTOR IN CANADA
      • HEALTHCARE VERTICAL RELYING ON CLOUD-BASED ENCRYPTION SOLUTIONS
    • TYPE OF ENCRYPTION ALGORITHMS
      • DATA ENCRYPTION STANDARD
      • ADVANCED ENCRYPTION STANDARD
      • TRIPLE-DES
      • BLOWFISH ALGORITHM
      • HOMOMORPHIC ENCRYPTION
      • RSA
      • DIFFIE-HELLMAN KEY EXCHANGE
      • QUANTUM CRYPTOGRAPHY
      • POST QUANTUM CRYPTOGRAPHY
  • ENCRYPTION SOFTWARE MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table ENCRYPTION SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • SOLUTION
      • TYPES OF DATA ENCRYPTED
      • TYPES OF ENCRYPTION
      • KEY MANAGEMENT
        • Table SOLUTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SERVICES
      • Table SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • PROFESSIONAL SERVICES
        • Table PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
        • Table PROFESSIONAL SERVICES MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
        • Table TRAINING AND EDUCATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
        • Table PLANNING AND CONSULTING MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • MANAGED SERVICES
        • Table MANAGED SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • ENCRYPTION SOFTWARE MARKET ANALYSIS, BY APPLICATION
    • INTRODUCTION
      • Table ENCRYPTION SOFTWARE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • DISK ENCRYPTION
      • Table DISK ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • FILE/FOLDER ENCRYPTION
      • Table FILE/FOLDER ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • DATABASE ENCRYPTION
      • APPLICATION-LEVEL ENCRYPTION
      • DATABASE-LEVEL ENCRYPTION
        • Table DATABASE ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • COMMUNICATION ENCRYPTION
      • VOICE ENCRYPTION
      • EMAIL ENCRYPTION
      • INSTANT MESSAGING ENCRYPTION
        • Table COMMUNICATION ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CLOUD ENCRYPTION
      • Table CLOUD ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • ENCRYPTION SOFTWARE MARKET ANALYSIS, BY DEPLOYMENT TYPE
    • INTRODUCTION
      • Table ENCRYPTION SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
    • ON-PREMISES
      • Table ON-PREMISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CLOUD
      • Table CLOUD: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • ENCRYPTION SOFTWARE MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table ENCRYPTION SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • Table SMALL AND MEDIUM-SIZED ENTERPRISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • ENCRYPTION SOFTWARE MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table ENCRYPTION SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • AEROSPACE AND DEFENSE
      • Table AEROSPACE AND DEFENSE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • HEALTHCARE
      • Table HEALTHCARE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • GOVERNMENT AND PUBLIC UTILITIES
      • Table GOVERNMENT AND PUBLIC UTILITIES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • TELECOM AND IT
      • Table TELECOM AND IT: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • RETAIL
      • Table RETAIL: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: ENCRYPTION SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table EUROPE: ENCRYPTION SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: ENCRYPTION SOFTWARE MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: ENCRYPTION SOFTWARE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table EUROPE: ENCRYPTION SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table EUROPE: ENCRYPTION SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table EUROPE: ENCRYPTION SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: ENCRYPTION SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ENCRYPTION SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ENCRYPTION SOFTWARE MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ENCRYPTION SOFTWARE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ENCRYPTION SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ENCRYPTION SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: ENCRYPTION SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: ENCRYPTION SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ENCRYPTION SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ENCRYPTION SOFTWARE MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ENCRYPTION SOFTWARE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ENCRYPTION SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ENCRYPTION SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ENCRYPTION SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY PROFESSIONAL SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: ENCRYPTION SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS, BY COMPANY
      • Table MARKET RANKING FOR THE ENCRYPTION SOFTWARE MARKET, 2017
  • COMPANY PROFILES
    • CIPHERCLOUD
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • DELL
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ESET
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • GEMALTO
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • IBM
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • MCAFEE
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • MICROSOFT
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • PKWARE
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SOPHOS
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SYMANTEC
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • THALES E-SECURITY
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TREND MICRO
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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