Encryption Software Market Insights, Size and Growth Forecast To 2030

Encryption Software Market- By Organization Size, By Application, By Component, By Industry Vertical -Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Published: Oct 2022 Base Year: 2021 Report ID: IACT2208
Available Format: Historical Data: 2019 - 2020 Number of Pages: 1 - 223
Category : Information & Communications Technology

According to SPER Market Research, the Global Encryption Software Market is estimated to reach USD 40.81 billion by 2030 with a CAGR of 15.8%.

The market study of the global encryption software market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to break down the market into various segments, derive the total market size, market forecast, and growth rate. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. Based on the industry, the global encryption software market is further segmented into BFSI, IT & telecom, government, retail & e-commerce, and others. 

The increase in the high adoption of cloud and virtualization technologies is significantly driving the growth of the encryption software market. This data when transferred needs security and protection that is given by the encryption software. Hence the increase in the adoption of cloud and virtualization technologies by companies is expected to propel the growth of encryption software going forward.

The IT & telecom segment is estimated to have a considerable share in the market owing to the growing adoption of data encryption software coupled with increasing data security concerns in the industry across the globe. Among, region North America is projected to have a considerable share in the global encryption software market.



Impact of COVID-19 on the Global Encryption Software Market
The report delivers insights on COVID-19 considering the changes in consumer behaviour and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. 

Scope of the report:
 Report Metric Details
 Market size available for years 2019-2030
 Base year considered 2021
 Forecast period 2022-2030
 Segments coveredBy Organization Size, By Application, By Component, By Industry Vertical 
 Geographies covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
 Companies CoveredBroadcom Inc., Bitdefender S.R.L., Bloombase Inc., Check Point Software Technologies Ltd., Cryptomathic, Cipher Cloud Inc., Cisco Systems Inc., Fortinet Inc., IBM Corp., Intel Corp., Microsoft Corp., Micro Focus International plc., McAfee LLC, Oracle Corp., Sophos Ltd., Stormshield, Thales Group, Trend Micro Inc., WinMagic.

Global Encryption Software Market, By Organization Size:
Based on the Organization Size, Global Encryption Software Market is segmented as; Large Enterprises, Small and Medium Enterprises.

Global Encryption Software Market, By Application:
Based on the Application, Global Encryption Software Market is segmented as; Disc Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption.
 
Global Encryption Software Market, By Component:
Based on the Component, Global Encryption Software Market is segmented as; Software, Service.

Global Encryption Software Market, By Industry Vertical:
Based on the Industry Vertical, Global Encryption Software Market is segmented as; IT and Telecommunications, Banking, Finance, Security, and Insurance (BFSI), Healthcare and Life Sciences, Manufacturing, Government, Energy and Utilities, Other Industry Verticals.

Global Encryption Software Market, By Region:
North America was the largest region in the encryption software market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the encryption software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. 

1. Introduction
1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges 
4.2. COVID-19 Impacts of the Global Encryption Software Market 

5. Market variables and outlook
5.1. SWOT analysis 
5.1.1 Strengths 
5.1.2 Weaknesses 
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis 
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape 
5.2.4 Technological landscape 
5.2.5 Environmental landscape 
5.2.6 Legal landscape 
5.3. PORTER’S five forces analysis 
5.3.1 Bargaining power of suppliers 
5.3.2 Bargaining power of Buyers 
5.3.3 Threat of Substitute 
5.3.4 Threat of new entrant 
5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Global Encryption Software Market, By Organization Size, 2019-2030 (USD Million)
6.1.  Large Enterprises
6.2.  Small and Medium Enterprises

7. Global Encryption Software Market, By Application, 2019-2030 (USD Million)
7.1. Disc Encryption
7.2. File/Folder Encryption  
7.3. Database Encryption  
7.4. Communication Encryption 
7.5. Cloud Encryption 

8. Global Encryption Software Market, By Component, 2019-2030 (USD Million)
8.1. Software 
8.2. Service 

9. Global Encryption Software Market, By Industry Vertical, 2019-2030 (USD Million)
9.1. IT and Telecommunications
9.2. Banking, Finance, Security, and Insurance (BFSI) 
9.3. Healthcare and Life Sciences 
9.4. Manufacturing 
9.5. Government 
9.6. Energy and Utilities
9.7. Other Industry Verticals

10. Global Encryption Software Market, By Region, 2019-2030 (USD Million)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. Europe
10.2.1. Germany
10.2.2. United Kingdom
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. South America
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of South America
10.5. Middle East & Africa
10.5.1. Kingdom of Saudi Arabia 
10.5.2. United Arab Emirates
10.5.3. Rest of Middle East & Africa

11. Company Profiles
11.1. Broadcom Inc. 
11.1.1. Company details 
11.1.2. Financial outlook
11.1.3. Product summary 
11.1.4. Recent developments
11.2. Bitdefender S.R.L. 
11.2.1. Company details 
11.2.2. Financial outlook
11.2.3. Product summary 
11.2.4. Recent developments
11.3. Bloombase Inc. 
11.3.1. Company details 
11.3.2. Financial outlook
11.3.3. Product summary 
11.3.4. Recent developments
11.4. Check Point Software Technologies Ltd.
11.4.1. Company details 
11.4.2. Financial outlook
11.4.3. Product summary 
11.4.4. Recent developments
11.5. Cryptomathic
11.5.1. Company details 
11.5.2. Financial outlook
11.5.3. Product summary 
11.5.4. Recent development
11.6. Cipher Cloud Inc.
11.6.1. Company details 
11.6.2. Financial outlook
11.6.3. Product summary 
11.6.4. Recent developments
11.7. Cisco Systems Inc. 
11.7.1. Company details 
11.7.2. Financial outlook
11.7.3. Product summary 
11.7.4. Recent developments
11.8. Fortinet Inc. 
11.8.1. Company details 
11.8.2. Financial outlook
11.8.3. Product summary 
11.8.4. Recent developments
11.9. IBM Corp. 
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Inter Corp. 
11.10.1. Company details 
11.10.2. Financial outlook
11.10.3. Product summary 
11.10.4. Recent developments
11.11. Microsoft Corp. 
11.11.1. Company details 
11.11.2. Financial outlook
11.11.3. Product summary 
11.11.4. Recent developments
11.12. Micro Focus International PLC. 
11.12.1. Company details 
11.12.2. Financial outlook
11.12.3. Product summary 
11.12.4. Recent developments
11.13. McAfee LLC. 
11.13.1. Company details 
11.13.2. Financial outlook
11.13.3. Product summary 
11.13.4. Recent developments
11.14. Oracle Corp.
11.14.1. Company details 
11.14.2. Financial outlook
11.14.3. Product summary 
11.14.4. Recent developments
11.15. Sophos Ltd. 
11.15.1. Company details 
11.15.2. Financial outlook
11.15.3. Product summary 
11.15.4. Recent developments
11.16. Stormshield
11.16.1. Company details 
11.16.2. Financial outlook
11.16.3. Product summary 
11.16.4. Recent developments
11.17. Thales Group 
11.17.1. Company details 
11.17.2. Financial outlook
11.17.3. Product summary 
11.17.4. Recent developments
11.18. Trend Micro Inc. 
11.18.1. Company details 
11.18.2. Financial outlook
11.18.3. Product summary 
11.18.4. Recent developments
11.19. WinMagic 
11.19.1. Company details
11.19.2. Financial outlook
11.19.3. Product summary
11.19.4. Recent developments

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Global Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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