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Encryption Software Market Research Report- Global
Forecast 2023
Market Research Future published a research report on “Encryption Software Market Research
Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to
2023.
Market Scenario:
Encryption software refers to program based software that uses cryptography technique to prevent
unauthorized access to digital information. Encryption process occurs when data is passed through a
series of mathematical operations and generates alternate form of that data, these series of
operations is known as algorithm. Both of these data produced can be differentiated. Unencrypted
data refers to plaintext and encrypted data refers to cipher text. The key role of encryption software
lies in generating cipher text which cannot be easily returned into original plain text.
Software based encryption is the fastest emerging end-point data security solution in the
information technology and telecommunication sector. Encryption software plays an important role
in protecting digital information against cybercrime. It can be used to provide high level of security
to emails, files stored on hard drives or floppy disk, network communication and other confidential
information that requires protection. Increased frequency of cyber-attacks on enterprises is a factor
driving the market. Cloud based encryption software segment accounts for highest market share.
The need for encryption software is mainly due to increasing cyber-attacks on critical and
confidential data. The study indicates, that increase in adoption of bring your own device (BYOD)
which pertains to boost employee efficiency has further increased the issue of data loss and
unauthorized access to critical data. Disk based encryption is expected to have highest market share
due to increase in demand of hardware encryption to secure data.
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t/3125
The segmentation of encryption software market is done on the basis of application. That includes
disk encryption, file or folder encryption, communication encryption, database encryption and cloud
encryption. Disk encryption prevents unauthorized access to data, as it prevents data by converting
into unreadable codes which cannot be accessed by unauthorized people. Disk encryption software
or hardware comprised of disk encryption technology, encrypt every bit of data that goes on a floppy
disk.
Key Players:
The prominent players in the Encryption Software Market are – Microsoft Corporation (U.S.), Sophos
Ltd. (U.S.), CheckPoint Software Technologies Ltd. (Israel), Trend Micro Inc. (Japan), Symantec
Corporation (U.S.), IBM Corporation (U.S.), SAS Institute Inc. (U.S.), Intel Security Group (McAfee)
(U.S.), EMC Corporation (U.S.), and WinMagic Inc. (Canada) among others.
Segments:
Encryption Software Market for segment on the basis of by application, by deployment, by service,
by organization size and by vertical.
Encryption Software Market by Application:
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Disk Encryption
File/Folder Encryption
Communication Encryption
Database Encryption
Cloud Encryption
Encryption Software Market by Deployment:
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Cloud
On-Premise
Encryption Software Market by Service:
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Professional Service
Managed Service
Encryption Software Market by Organization Size:
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Small & Medium Enterprises
Large Enterprises
Encryption Software Market by Vertical:
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Healthcare
Government & Public Sector
IT & Telecommunication
BFSI
Retail
Aerospace & Defense
Others
Regional Analysis:
The regional analysis of encryption software market is being studied for region such as Asia Pacific,
North America, Europe and Rest of the World. North America region accounts for higher market
share. North America region possess highest market share due to major encryption software players
present in the region. Asia-Pacific is expected to be fastest growing market as small and medium
enterprises are implementing encryption solution for preventing unauthorized access to data and
cybercrimes.
Intended Audience
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Investors and consultants
System Integrators
Government Organizations
Research/Consultancy firms
Technology solution providers
IT Solution Providers
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tion-software-market-3125
TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
6 Encryption Software market, By Segments
6.1 Introduction
6.2 Market Statistics
6.2.1 By Application
6.2.1.1 Disk Encryption
6.2.1.2 File/Folder Encryption
6.2.1.3 Communication Encryption
Continued…
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