CHICAGO, June 18, 2020 /PRNewswire/ -- According to the new market research report"Encryption Software Marketby Component (Software and Services), Application (Disk Encryption, File/Folder Encryption, Communication Encryption, Cloud Encryption), Deployment Mode, Enterprise Size, Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets,the Encryption Software Marketsize is expected to grow from USD 9.8 billion in 2020 to USD 20.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period.
MarketsandMarkets_Logo
The major factors fueling the market growth include the rising concerns about loss of critical data, stringent regulatory standards, and data privacy compliances. An increasing demand for integrated data protection solutions and encryption as a service among SMEs could provide growth opportunities for vendors in the Encryption Software Market.
Browsein-depth TOC on"Encryption Software Market"
305 Tables 44 Figures 279 Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227254588
The disk encryption application segment to hold the largest market size during the forecast period
The Encryption Software Market is segmented on the basis of applications: disk encryption, file/folder encryption, database encryption, communication encryption, and cloud encryption. The disk encryption segment is expected to hold the largest market size during the forecast period. The importance of encrypting a disk is that even if the encrypted disk is lost or stolen, its encrypted state remains unchanged, and only an authorized user can access its contents. Currently, enormous amounts of data are being generated and stored across organizations. It has increased the cost of protecting critical data against thefts and breaches.
Managed services segment to grow at a higher CAGR during the forecast period
In the Encryption Software Market by services has 2 categories: professional services and managed services. The managed services segment is expected to grow at a faster pace during the forecast period, as managed services provide traders with support, maintenance, and infrastructure management for effectively securing and ensuring privacy of data. The vendors in the market offer services to end users so that they can effectively manage and deploy encryption software solutions.
North America to hold the largest market size during the forecast period
North America is the largest revenue contributor to the global Encryption Software Market. The region is witnessing major developments in the Encryption Software Market. North American countries have well-established economies, which enable encryption software vendors to invest in innovative technologies. The region is also regarded as the center of innovations, as major North American IT companies roll out new offerings and aggressive collaborations take place in the region. They are also adopting various growth strategies to strengthen their positions in the market.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=227254588
Major vendors in the global Encryption Software Market include IBM (US), Microsoft (US), Symantec (US), Thales e-Security (France), Trend Micro (Japan), Sophos (UK), Check Point (Israel), Micro Focus (UK), McAfee (US), Dell (US), WinMagic (US), ESET (US), Cryptomathic (Denmark), Bitdefender (Romania), Stormshield (France), and CipherCloud (US).
Story continues
Browse Adjacent Markets:Information Security MarketResearchReports & Consulting
Browse Related Reports:
Email Encryption Marketby Component (Solution and Service (Training and Education, and Support and Maintenance)), Deployment Mode (On-premises and Cloud), Organization Size, Industry Vertical, and Region - Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/email-encryption-market-182623205.html
Network Encryption Marketby Component (Hardware, Platform and Services), Transmission Type (Traditional Transmission and Optical Transmission), Data Rate, Organization Size, Vertical, and Region - Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/network-encryption-market-187543224.html
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:Mr. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email:sales@marketsandmarkets.comResearch Insight:https://www.marketsandmarkets.com/ResearchInsight/encryption-software-market.aspContent Source:https://www.marketsandmarkets.com/PressReleases/encryption-software.asp
View original content:http://www.prnewswire.com/news-releases/encryption-software-market-worth-20-1-billion-by-2025--exclusive-report-by-marketsandmarkets-301079375.html
SOURCE MarketsandMarkets
See the original post:
Encryption Software Market Worth $20.1 Billion by 2025 - Exclusive Report by MarketsandMarkets - Yahoo Finance