Encryption Software Market Analysis 2024 By Application, Industry Size, Share, Trends, Opportunity | TechSci Research

The Global encryption software market is projected to grow at a CAGR of over 14.86%, in value terms, during 2014-2024. Increasing number of organizations worldwide are adopting encryption, data safety and data privacy compliance regulations, increasing adoption of new technologies such as mobility, cloud and virtualization, rapidly adopting encryption software to boost business proficiency are some of the factors which drive the market for encryption software. 



Years considered for this report:

Historical Year : 2014 - 2017

Base Year : 2018

Estimated : 2019

Forecast : 2020 - 2024

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Objective of the Study:

  • To analyze and forecast market size of the global encryption software market, in terms of value.
  • To define, classify and forecast the global encryption software market on the basis of application, deployment, industry type and regional distribution.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global encryption software market into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
  • To identify tailwinds and headwinds for the global encryption software market.
  • To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the global encryption software market.
  • To evaluate competitor and trends in the global encryption software market.
  • To strategically profile the leading players, which are involved in the supply of encryption software globally.


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Some of the major players operating in the Global Encryption Software Market are: Microsoft Corporation, Sophos Ltd., CheckPoint Software Technologies Ltd., Trend Micro Inc., Symantec Corporation, IBM Corporation, SAS Institute Inc., Intel Security Group (McAfee), EMC Corporation, and WinMagic Inc. etc.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of encryption software providers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include providers that could not be identified due to the limitations of secondary research. TechSci Research regional presence of all major encryption software providers across the globe.

TechSci Research calculated the market size for the global encryption software market using a bottom-up approach, where providers’ value data for different application type of (Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption & Cloud Encryption) encryption software was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective providers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.


Key Target Audience:

  • Global encryption software providers
  • Research organizations and consulting companies
  • Organizations, associations and alliances related to encryption software provider
  • Government bodies such as regulating authorities and policy makers.
  • Industry associations
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as encryption software providers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, global encryption software market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Application:
    • Global Encryption Software Market  
      • Disk Encryption
      •  File/Folder Encryption
      •  Database Encryption
      •  Communication Encryption
      • Cloud Encryption
  • Market, by Deployment:
      • Cloud
      •  On-Premise
  • Market, by Industry Type:
      • BFSI
      • Healthcare
      • Government & Public Sector
      • Telecom, Retail
      • Aerospace & Defense
      • Others
  • Market, by Geography:
    • North America
      • United States
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • Australia
      • India
      • Rest of APAC
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Rest of South America
    • MEA
      • Saudi Arabia
      • UAE
      • Iraq
      • South Africa
      • Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 20 players on the basis of product portfolio, market pricing, average selling price sales footprint, etc.

Company Profiles: Detailed analysis of the major companies present in the global encryption software market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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