Encryption Software Market Report 2020| Regional Analysis & Growth Forecast to 2026 – News by Decresearch

The encryption software market will surpass the $21 billion mark by 2026. In 2019, on-premise deployment model accounted for more than 70% of the overall encryption software market share. The growth stemmed from the preference of enterprises to implement on-premise deployment model approach owing to the high level of security required for handling sensitive data in-house.

Moreover, enterprises are preferring to operate on a cloud-based deployment model, which will foster industry demand. Cloud platforms for saving enterprise data are gaining significant traction on account of cost benefits and high scalability. Such benefits offered by cloud-based deployment model are expected to escalate encryption software market size.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4484

Increasing number of data breaches and cybercrimes and supportive government policies will enable encryption software market to witness a bullish growth over the coming years. This can be validated by the draft of an encryption law published by Chinas State Cryptography Administration (SCA) in November 2019. The draft was issued to bring about encryption in the private & public sectors and set guidelines on the use of cryptography for protecting national security.

Cybersecurity vendors are addressing evolving threats by offering security threats, resulting in the higher implementation of email, mobile, and disk encryption capabilities, which will spur encryption software industry growth.

Email data protection software is highly being adopted by companies as sending an email is the most general communication method used. Security software has found extensive applications to identify thefts, phishing, and protect data from malware. The software protects a multitude of aspects of email systems, such as email access, content or media attachments.

The data is encoded by the software in transit to ensure the security of sensitive data under the regulatory compliance. Estimates claim that email encryption software market will account for more than 25% of the overall market share by 2026.

The protection of customer data during online retail operations has become a crucial requirement these days. Third-party services in the retail sector are observing wide adoption to optimize customer experience on websites and support online transactions, resulting in a higher number of data breaches.

As per a report issued by Thales eSecurity, in 2018, almost 75% of the U.S. retailers have experienced a breach, which was 52% in 2017. The demand for cybersecurity solutions is expected to depict an upsurge from 2020 to 2026 to prevent theft and protect customer information.

Latin America has been witnessing increasing incidences of cyberattacks on the business-critical infrastructure. The use of digital platforms in the region for conducting business transactions has led to the regional governments introducing various initiatives to support cybersecurity.

Request for customization @ https://www.decresearch.com/roc/4484

For example, since December 2019, numerous Mexican institutions, such as the National Defense Ministry (Sedena), Mexico Central Bank, the House of Representatives, and Mexico Supreme Court registered over 45 million tried attacks to access databases and steal information. In accordance, Latin America encryption software market is projected to witness an 18% CAGR over 2020-2026.

Table of Contents (ToC) of the report:

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definitions

1.1.6. Methodology & forecast parameters

1.2. Data Sources

1.2.1. Secondary

1.2.1.1. Paid sources

1.2.1.2. Public sources

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Encryption software market 360 synopsis, 2015 2026

2.2. Business trends

2.3. Regional trends

2.4. Component trends

2.4.1. Software trends

2.4.2. Service trends

2.5. Deployment model trends

2.6. Application trends

Chapter 3. Encryption Software Market Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2015 2026

3.4. Evolution of encryption software

3.5. Encryption software industry architecture

3.6. Encryption software industry ecosystem analysis

3.7. Technology & innovation landscape

3.7.1. Quantum cryptography

3.7.2. Honey encryption

3.7.3. Lattice based cryptography

3.8. Regulatory landscape

3.8.1. North America

3.8.1.1. ENCRYPT Act of 2019 (U.S.)

3.8.1.2. Gramm-Leach-Bliley Act of 1999 (U.S.)

3.8.1.3. Personal Information Protection and Electronic Documents Act [(PIPEDA) Canada]

3.8.2. Europe

3.8.2.1. General Data Protection Regulation (EU)

3.8.2.2. Data Protection Authority (DPA) regulations on the transmission of personal data by e-mail (Denmark)

3.8.3. APAC

3.8.3.1. National Law on Cryptography (China)

3.8.3.2. Guide to securing personal data in electronic medium (Singapore)

3.8.4. Latin America

3.8.4.1. Law No. 9,296 of July 24, 1996 (Government Access to Encrypted Communications, Brazil)

3.8.4.2. National Directorate of Personal Data Protection (Argentina)

3.8.5. MEA

3.8.5.1. Policy of Control and Licensing of Commercial Encryption Items (Israel)

3.8.5.2. Regulation of Interception of Communications and Provision of Communication-related Information Act, 2002 (RICA- South Africa)

3.9. Industry impact forces

3.9.1. Growth drivers

3.9.1.1. Stringent regulations on cybersecurity and data privacy compliances

3.9.1.2. Rising concerns over securing enterprise Intellectual Property (IP) assets

3.9.1.3. Increasing proliferation of cloud and virtualization technologies

3.9.1.4. Growing trend of Bring Your Own Devices (BYOD) among enterprises

3.9.2. Industry pitfalls & challenges

3.9.2.1. Complexities in encryption key management

3.9.2.2. Easy availability of pirated and free-to-use encryption software

3.9.2.3. Regulatory restrictions on cryptography and encryption

3.10. Growth potential analysis

3.11. Porters analysis

3.12. PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/encryption-software-market

Read more:
Encryption Software Market Report 2020| Regional Analysis & Growth Forecast to 2026 - News by Decresearch