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The global encryption software market size will rise from USD 8.3 billion in 2020 to USD 19.2 billion by 2026, growing at a CAGR of 15.05% in the 2021-2026 forecast period.
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The major encryption software market growth drivers include concentrating on adhering to strict regulatory standards, compliance with data privacy, the growing questions about critical data leakage, and rapid cloud and digital adoption.
Encryption software is a form of security program that allows a data stream to be encrypted and decrypted at rest or in transit. It allows data object, file, network packet, or application content to be encrypted so that it is secure and unseen by unauthorized users.
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The encryption software market can be segmented into components, deployment methods, applications, and end-use.
The industry can be broadly categorised based on its component into:
The industry can be divided on the basis of its deployment method as:
Based on application, the encryption software market can be divided into:
The industry can be divided based on its end-use as:
The EMR report looks into the regional encryption software markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Mobile technology advancements in hardware and software, market distribution, and mobile penetration are expected to accelerate the need for encryption software by 2026. The increasing penetration of mobile devices across organizations has increased the risk of data loss between businesses, making it imperative to execute encryption software for secure data transmission. Moreover, as companies are moving rapidly into cloud computing, the need to safeguard sensitive data is growing, resulting in increased technology deployment. The encryption software helps companies to secure their intellectual property and other sensitive data that are expected to increase their demand over the forecast period.
The report presents a detailed analysis of the following key players in the global encryption software market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Deployment Method, Application, End Use, Region|
|Breakup by Component||Software, Services|
|Breakup by Deployment Method||On-Premise, Cloud-Based|
|Breakup by Application||Disk Encryption, File/Folder Encryption, Database Encryption, Web Communication Encryption, Network Traffic Encryption, Cloud Encryption, Others|
|Breakup by End Use||Banking, Financial Services, and Insurance, Aerospace and Defence, Healthcare, Government and Public Administration, Retail, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||International Business Machines Corporation (NYSE: IBM), Microsoft Corporation
(NASDAQ: MSFT), Symantec Corporation (NASDAQ: SYMC), Thales eSecurity, Inc.,
Trend Micro Incorporated (TYO: 4704), Sophos Group plc (LON: SOPH),
Micro Focus International plc (LSE: MCRO.L, NYSE: MFGP), Cisco Systems,
Inc. (NASDAQ: CSCO), Intel Corporation (NASDAQ: INTC), Others
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Encryption Software Market Analysis
6.1 Global Encryption Software Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Encryption Software Market Breakup by Component
6.3 Global Encryption Software Market Breakup by Component: Historical Market (2016-2020) & Forecast (2021-2026)
6.4 Global Encryption Software Market Breakup by Deployment Method
6.5 Global Encryption Software Market Breakup by Deployment Method: Historical Market (2016-2020) & Forecast (2021-2026)
6.6 Global Encryption Software Market Breakup by Application
6.6.1 Disk Encryption
6.6.2 File/Folder Encryption
6.6.3 Database Encryption
6.6.4 Web Communication Encryption
6.6.5 Network Traffic Encryption
6.6.6 Cloud Encryption
6.7 Global Encryption Software Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 Disk Encryption
6.7.2 File/Folder Encryption
6.7.3 Database Encryption
6.7.4 Web Communication Encryption
6.7.5 Network Traffic Encryption
6.7.6 Cloud Encryption
6.8 Global Encryption Software Market Breakup by End Use
6.8.1 Banking, Financial Services, and Insurance
6.8.2 Aerospace and Defence
6.8.4 Government and Public Administration
6.9 Global Encryption Software Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.1 Banking, Financial Services, and Insurance
6.9.2 Aerospace and Defence
6.9.4 Government and Public Administration
6.10 Global Encryption Software Market Breakup by Region
6.10.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.10.3 Asia Pacific
6.10.4 Latin America
6.10.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
6.11 Global Encryption Software Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026
6.11.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.11.3 Asia Pacific
6.11.4 Latin America
6.11.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
6.12 SWOT Analysis
7 Porter’s Five Forces Analysis
7.2 Buyer’s Power
7.3 Supplier’s Power
7.4 New Entrants
7.5 Degree of Rivalry
8 Competitive Landscape & Supplier Analysis
8.1 International Business Machines Corporation (NYSE: IBM)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.2 Microsoft Corporation (NASDAQ: MSFT)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.3 Symantec Corporation (NASDAQ: SYMC)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.4 Thales eSecurity, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.5 Trend Micro Incorporated (TYO: 4704)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.6 Sophos Group plc (LON: SOPH)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.7 Micro Focus International plc (LSE: MCRO.L, NYSE: MFGP)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.8 Cisco Systems, Inc. (NASDAQ: CSCO)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.9 Intel Corporation (NASDAQ: INTC)
8.9.1 Company Overview
8.9.2 Financial Analysis
9 Industry Events and Developments
In 2020, the global encryption software market attained a value of nearly USD 8.3 billion.
The market is projected to grow at a CAGR of 15.05% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 19.2 billion by 2026.
The major drivers of the industry, such as the stringent regulatory policies adhering to data privacy, growing shift towards cloud-based technology, increased incidences of data theft, growing internet penetration, and the increase in the number of smartphone users, are expected to aid the market growth.
The growing technological advancements is the key market trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Software and services are the significant components of the product in the industry.
The major deployment methods of the product in the market include on-premise and cloud-based.
The significant applications of the product include disk, file/folder, database, web communication, network traffic, and cloud encryption, among others.
Banking, financial services and insurance, aerospace and defence, healthcare, government and public administration, and retail, among others, are the major end use segments of the product in the industry.
The major players in the industry are International Business Machines Corporation, Microsoft Corporation, Symantec Corporation, Thales eSecurity, Inc., Trend Micro Incorporated, Sophos Group plc, Micro Focus International plc, Cisco Systems, Inc., and Intel Corporation, among others.
The global encryption software market attained a value of USD 8.3 billion in 2020, driven by the stringent data protection regulations and deployment of cloud-based technology. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 15.05% to attain a value of USD 19.2 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the industry is bifurcated into software, and services. On the basis of deployment method, the industry is segmented into on-premise and cloud-based segments. By applications, the industry is divided into disk, file/folder, database, web communication, network traffic, and cloud encryption, among others. On the basis of end use, the industry is categorised into banking, financial services and insurance, aerospace and defence, healthcare, government and public administration, and retail, among others. The major regional markets for encryption software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include International Business Machines Corporation, Microsoft Corporation, Symantec Corporation, Thales eSecurity, Inc., Trend Micro Incorporated, Sophos Group plc, Micro Focus International plc, Cisco Systems, Inc., and Intel Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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