Encryption Software Market Insights 2020: strong performance driven due to increase of cyberattacks, report – WhaTech Technology and Markets News

The Objective of the Global Encryption Software Market report is to depict the trends and upcoming for the Encryption Software industry over the forecast years. Encryption Software Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2019 to 2026 mulling over 2018 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

The growing number of data breaches is further boosting the encryption software industry growth, as organizations are focusing on securing the critical data to ensure the privacy of their information. While doing the encryption software market analysis, it is observed that, the targeted attacks on enterprises and their employees are now mainly focused on stealing confidential information from individuals machines or penetrating into networks with the motive of deeper-data thefts.

Thus, adopting encryption technologies are becoming a necessity for the organizations which is driving this market growth. The global encryption software market size is projected to reach $2.66 billion by 2022, growing at a CAGR of 15.0% from 2016 to 2022.

North America is expected to lead the encryption software market share during the forecast period, owing to higher adoption of end-point security solutions among organizations and the prevalence of higher data protection & compliance regulations. However, Asia-Pacific region is anticipated to grow at the fastest rate, due to the growing penetration of cloud computing and increasing workforce mobility.

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Encryption Software Market Insights 2020: strong performance driven due to increase of cyberattacks, report - WhaTech Technology and Markets News