Encryption Software Market to Grow at a CAGR of 17.9% by 2022 – Analysis By Application, Deployment Model … – Business Wire (press release)

DUBLIN--(BUSINESS WIRE)--The "Encryption Software Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.

Global Encryption Software market is projected to grow at a CAGR of 17.93% during the forecast period to grow to US$6.782 billion by 2022, increasing from US$2.974 billion in 2017. Encryption is an effective security mechanism that provides the data security.

The major factor driving the global encryption software market is the growing need to safeguard the critical data from the unauthorized access. Rising cases of cyber-attacks to steal the important organizational data is augmenting the demand for encryption software across enterprises.

Owing to increasing adoption of BYOD policy by various enterprises coupled with stringent cyber security regulations and guidelines is further boosting the growth of this market for secure data transmission. Emerging trend of cloud computing will further bolster the growth of cloud-based encryption software and solutions across SMEs and large enterprises over the next five years.

Geographically, North America held the largest market share in 2016 due to the strong presence of key encryption software vendors in the region. However, APAC region is anticipated to witness the fastest regional market growth during the forecast period. This growth is attributed to increasing number of smartphone and tablet users, growing adoption of social media, and penetration of IoT, cloud services, and implementation of BYOD policies across various enterprises in the region.

Companies Mentioned

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Global Encryption Software Market Forecast by Application (US$ billion)

6. Global Encryption Software Market Forecast by Deployment Model (US$ billion)

7. Global Encryption Software Market Forecast by Enterprise Size (US$ billion)

8. Global Encryption Software Market Forecast by End User (US$ billion)

9. Global Encryption Software Market Forecast by Geography (US$ billion)

10. Competitive Intelligence

11. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/gwjkt9/encryption

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Encryption Software Market to Grow at a CAGR of 17.9% by 2022 - Analysis By Application, Deployment Model ... - Business Wire (press release)