Encryption Software Market

Encryption Software Market by 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

Report Code: TC 3110 Jun, 2020, by marketsandmarkets.com

[280 Pages Report] MarketsandMarkets forecasts the global encryption software market size was estimated 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% from 2020 to 2025 in post-COVID-19 scenario. Encryption software and services enable users to verify that they are communicating with the right people, introduce potential unintentional vulnerabilities, and increase risks that communications systems could be abused or misused.

Encryption Software Market

Cloud encryption segment to grow at the highest CAGR during the forecast period

In the encryption software market by application has disk encryption, file/folder encryption, database encryption, communication encryption, and cloud encryption segments. The cloud encryption segment is the fastest growing segment in the market, due to an increasing demand for securing sensitive data across the globe. Organizations across the globe have been adopting cloud at a rapid pace and are categorically embracing diverse cloud environments, ranging from private and hybrid to public for the storage of their vast data.

Cloud deployment mode to grow at a higher rate during the forecast period

Most of the vendors in the encryption software market offer cloud-based encryption software to gain significant profits and effectively secure and ensure data privacy. The adoption of cloud-based encryption software solutions is expected to grow, owing to their benefits, such as easy data maintenance, cost-effectiveness, scalability, and effective management.

Encryption Software Market by Region

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global encryption software market, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. In APAC, the highest growth rate for the market can be attributed to the heavy investments made by private and public sectors for securing sensitive data, resulting in an increased demand for encryption software used to secure and ensure privacy of data. North America is expected to be the leading region in terms of adopting and developing encryption software. The increasing demand to adhere to stringent regulatory compliances, increasing presence of encryption software vendors, and growing government support are major growth factors for the market growth during the forecast period.

Key market players

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). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to further expand their presence in the global encryption software market.

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Thales e-Security (France) is among the leading vendors offering encryption solution and services across the globe. The company’s encryption product offering includes data encryption, Vormetric application crypto suite, and key management. Thales e-Security offers its customers best-in-class encryption solution to meet compliance. Moreover, the company provides best practice requirements for protecting data from external threats or malicious insiders with proven, high-performance, and scalable data encryption. In 2018, the company invested about 6% of its annual revenue in R&D to develop new products with enhanced capabilities and gain a competitive edge.

Scope of the report

Report Metric

Details

Market size available for years

2020–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Million (USD)

Segments covered

Component, Services, Application, Deployment Mode, Enterprise Size, and Region

Geographies covered

North America, Europe, APAC, Latin America, and MEA

Companies covered

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)

This research report categorizes the encryption software market based on component, services, application, deployment mode, enterprise size, and region.

Based on component, the encryption software market has the following segments:

  • Component
    • Software
    • Services
  • Services
    • Professional Services
    • Managed Services
  • Professional Services
    • Consulting Services
    • Training and Education Services
    • Support and Maintenance Services

Based on application, the encryption software market has the following segments:

  • Disk Encryption
  • File/Folder Encryption
  • Database Encryption
  • Communication Encryption
  • Cloud Encryption

Based on deployment modes, the encryption software market has the following segments:

  • On-premises
  • Cloud

Based on enterprise size, the encryption software market has the following segments:

  • Small and Medium-sized Enterprises (SMEs)
  •  Large Enterprises

Based on regions, the encryption software market has the following segments:

  • North America
  • Europe
  • APAC
  • Latin America
  • MEA

Recent developments

  • In April 2019, Thales Group (France), a parent company of Thales e-Security, completed its acquisition of Gemalto (Netherlands), a leader in digital identity and security. The acquisition would create a world-class leader with an unrivalled portfolio of digital identity and security solutions based on technologies, such as biometry, data protection, and, more broadly, cybersecurity.
  • In December 2018, Symantec (US) partnered with Fortinet (US), a leading provider of integrated and automated cybersecurity solutions to provide customers with the most comprehensive and robust security solutions. The partnership would provide essential security controls across endpoint, network, and cloud environments that are critical to enforcing the Zero Trust security framework.
  • In May 2018, IBM (US) collaborated with Cisco (US) to integrate its security suite into Cisco’s security products for faster, more accurate threat detection and response. The collaboration would improve product interaction, better service integration, and enhanced threat intelligence.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
1INTRODUCTION TO COVID-19 SCENARIO (PAGE NO 41)
1.1COVID-19 Health Assessment
Figure 1COVID-19: The global propagation
Figure 2COVID-19 propagation: Select countries
1.2COVID-19 Economic Assessment
Figure 3Revised gross domestic product forecasts for select G20 countries in 2020
1.2.1COVID-19 economic impact—scenario assessment
Figure 4Criteria impacting the global economy
Figure 5Scenarios in terms of recovery of the global economy
2INTRODUCTION TO THE ENCRYPTION SOFTWARE MARKET (PAGE NO 47)
2.1Objectives of the Study
2.2Market Definition
2.3Market Scope
2.3.1Market segmentation
2.3.2Regions covered
2.4Years Considered for the Study
2.5Currency Considered
Table 1United States dollar exchange rate, 2014–2019
2.6Stakeholders
3RESEARCH METHODOLOGY (PAGE NO 51)
3.1Research Data
Figure 6Encryption software market: Research design
3.1.1Secondary data
3.1.2Primary data
3.1.2.1Breakup of primary profiles
3.1.2.2Key industry insights
3.2Market Breakup and Data Triangulation
3.3Market Size Estimation
Figure 7Encryption software market: Top-down and bottom-up approaches
3.3.1Top-down approach
3.3.2Bottom-up approach
Figure 8Market size estimation methodology: Demand analysis
3.4Market Forecast
Table 2Factor analysis
3.5Assumptions for the Study
3.6Limitations of the Study
4EXECUTIVE SUMMARY (PAGE NO 60)
Table 3Encryption software market size and growth rate, 2014–2019 (USD Million, y-o-y%)
Table 4Encryption software market size and growth rate, Pre-COVID-19 scenario, 2019–2025 (USD Million, y-o-y%)
Table 5Encryption software market size and growth rate, Post-COVID-19 scenario, 2019–2025 (USD Million, y-o-y%)
Figure 9Encryption software market to witness significant growth in the global market during the forecast period
Figure 10North America to hold the highest market share in 2020
Figure 11Top four revenue segments of the encryption software market
5PREMIUM INSIGHTS (PAGE NO 65)
5.1Attractive Market Opportunities in the Encryption Software Market
Figure 12Increasing instances of cyberattacks on critical enterprise data and need for compliance to drive the demand for encryption software
5.2Encryption Software Market: Market Share of Top Three Verticals and Regions, 2020
Figure 13Banking, financial services, and insurance vertical and North American region to have the highest market shares in 2020
5.3Market Investment Scenario
Figure 14Asia Pacific to emerge as the best market for investments in the next five years
6MARKET OVERVIEW AND INDUSTRY TRENDS (PAGE NO 67)
6.1Introduction
6.2Market Dynamics
Figure 15Drivers, restraints, opportunities, and challenges: Encryption software market
6.2.1Drivers
6.2.1.1Stringent regulatory standards and data privacy compliances
6.2.1.2Rising concerns pertaining to loss of critical data
6.2.1.3Exponential increase in the adoption of cloud and virtualization technologies
Figure 16Top methods to safeguard the data stored in the cloud
6.2.2Restraints
6.2.2.1Budgetary constraints
6.2.2.2Availability of free, open source, and pirated encryption software
6.2.3Opportunities
6.2.3.1Rise in demand for integrated data protection solutions and EAAS among SMES
6.2.3.2Increased adoption of encryption software across verticals
6.2.4Challenges
6.2.4.1Difficulties in effective management and usage of the encryption key
6.2.4.2Lack of skilled workforce among enterprises
6.3COVID-19 Pandemic-Driven Market Dynamics and Factor Analysis
6.3.1Drivers and opportunities
6.3.2Restraints and challenges
6.4Regulatory Compliances
6.4.1General data protection regulation
6.4.2Health insurance portability and accountability act
6.4.3Federal information security management act
6.4.4Sarbanes–oxley act
6.4.5Gramm–leach–bliley act
6.4.6Payment card industry data security standard
6.4.7Federal information processing standards
6.5Use Cases
6.5.1Use case: Scenario 1
6.5.2Use case: Scenario 2
6.5.3Use case: Scenario 3
6.5.4Use case: Scenario 4
7ENCRYPTION SOFTWARE MARKET, BY COMPONENT (PAGE NO 80)
7.1Introduction
Figure 17Services segment to witness a higher CAGR during the forecast period
Table 6Encryption software market size, by component, 2014–2019 (USD Million)
Table 7Encryption software market size, by component, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 8Encryption software market size, by component, Post-COVID-19 scenario, 2019–2025 (USD Million)
7.2Software
7.2.1Software: COVID-19 drivers impacting encryption software market
Table 9Software: Encryption software market size, by region, 2014–2019 (USD Million)
Table 10Software: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 11Software: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
7.3Services
Figure 18Managed services segment to record a higher CAGR during the forecast period
Table 12Encryption software market size, by service, 2014–2019 (USD Million)
Table 13Encryption software market size, by service, Pre-COVID-19 scenario, 2020–2025 (USD Million)
Table 14Encryption software market size, by service, Post-COVID-19 scenario, 2020–2025 (USD Million)
Table 15Services: Encryption software market size, by region, 2014–2019 (USD Million)
Table 16Services: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 17Services: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
7.3.1Professional services
Figure 19Support and maintenance services segment to record the highest growth rate during the forecast period
Table 18Encryption software market size, by professional service, 2014–2019 (USD Million)
Table 19Encryption software market size, by professional service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 20Encryption software market size, by professional service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 21Professional services: Encryption software market size, by region, 2014–2019 (USD Million)
Table 22Professional services: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 23Professional services: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
7.3.1.1Support and maintenance services
7.3.1.1.1Support and maintenance services: COVID-19 drivers impacting encryption software market
Table 24Support and maintenance services: Encryption software market size, by region, 2014–2019 (USD Million)
Table 25Support and maintenance services: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 26Support and maintenance services: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
7.3.1.2Training and education services
7.3.1.2.1Training and education services: COVID-19 drivers impacting encryption software market
Table 27Training and education services: Encryption software market size, by region, 2014–2019 (USD Million)
Table 28Training and education services: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 29Training and education services: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
7.3.1.3Consulting services
7.3.1.3.1Consulting services: COVID-19 drivers impacting encryption software market
Table 30Consulting services: Encryption software market size, by region, 2014–2019 (USD Million)
Table 31Consulting services: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 32Consulting services: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
7.3.2Managed services
7.3.2.1Managed services: COVID-19 drivers impacting encryption software market
Table 33Managed services: Encryption software market size, by region, 2014–2019 (USD Million)
Table 34Managed services: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 35Managed services: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
8ENCRYPTION SOFTWARE MARKET, BY APPLICATION (PAGE NO 97)
8.1Introduction
Figure 20Cloud encryption segment to witness the highest CAGR during the forecast period
Table 36Encryption software market size, by application, 2014–2019 (USD Million)
Table 37Encryption software market size, by application, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 38Encryption software market size, by application, Post-COVID-19 scenario, 2019–2025 (USD Million)
8.2Disk Encryption
8.2.1Disk encryption: COVID-19 drivers impacting encryption software market
Table 39Disk encryption: Encryption software market size, by region, 2014–2019 (USD Million)
Table 40Disk encryption: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 41Disk encryption: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
8.3File/Folder Encryption
8.3.1File/folder encryption: COVID-19 drivers impacting encryption software market
Table 42File/folder encryption: Encryption software market size, by region, 2014–2019 (USD Million)
Table 43File/folder encryption: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 44File/folder encryption: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
8.4Database Encryption
8.4.1Database encryption: COVID-19 drivers impacting encryption software market
Table 45Database encryption: Encryption software market size, by region, 2014–2019 (USD Million)
Table 46Database encryption: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 47Database encryption: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
8.5Communication Encryption
8.5.1Communication encryption: COVID-19 drivers impacting encryption software market
Table 48Communication encryption: Encryption software market size, by region, 2014–2019 (USD Million)
Table 49Communication encryption: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 50Communication encryption: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
8.6Cloud Encryption
8.6.1Cloud encryption: COVID-19 drivers impacting encryption software market
Table 51Cloud encryption: Encryption software market size, by region, 2014–2019 (USD Million)
Table 52Cloud encryption: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 53Cloud encryption: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
9ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE (PAGE NO 109)
9.1Introduction
Figure 21Cloud deployment mode to record a higher growth rate during the forecast period
Table 54Encryption software market size, by deployment mode, 2014–2019 (USD Million)
Table 55Encryption software market size, by deployment mode, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 56Encryption software market size, by deployment mode, Post-COVID-19 scenario, 2019–2025 (USD Million)
9.2On-Premises
9.2.1On-premises: COVID-19 drivers impacting encryption software market
Table 57On-premises: Encryption software market size, by region, 2014–2019 (USD Million)
Table 58On-premises: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 59On-premises: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
9.3Cloud
9.3.1Cloud: COVID-19 drivers impacting encryption software market
Table 60Cloud: Encryption software market size, by region, 2014–2019 (USD Million)
Table 61Cloud: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 62Cloud: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
10ENCRYPTION SOFTWARE MARKET, BY ENTERPRISE SIZE (PAGE NO 115)
10.1Introduction
Figure 22Small and medium-sized enterprises segment to hold a higher CAGR during the forecast period
Table 63Encryption software market size, by enterprise size, 2014–2019 (USD Million)
Table 64Encryption software market size, by enterprise size, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 65Encryption software market size, by enterprise size, Post-COVID-19 scenario, 2019–2025 (USD Million)
10.2Small and Medium-Sized Enterprises
10.2.1Small and medium-sized enterprises: COVID-19 drivers impacting encryption software market
Table 66Small and medium-sized enterprises: Encryption software market size, by region, 2014–2019 (USD Million)
Table 67Small and medium-sized enterprises: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 68Small and medium-sized enterprises: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
10.3Large Enterprises
10.3.1Large enterprises: COVID-19 drivers impacting encryption software market
Table 69Large enterprises: Encryption software market size, by region, 2014–2019 (USD Million)
Table 70Large enterprises: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 71Large enterprises: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
11ENCRYPTION SOFTWARE MARKET, BY VERTICAL (PAGE NO 121)
11.1Introduction
Figure 23IT and telecommunication vertical to record the highest growth rate during the forecast period
Table 72Encryption software market size, by vertical, 2014–2019 (USD Million)
Table 73Encryption software market size, by vertical, Pre-COVID-19 scenario, 2020–2025 (USD Million)
Table 74Encryption software market size, by vertical, Post-COVID-19 scenario, 2020–2025 (USD Million)
11.2Banking, Financial Services, and Insurance
11.2.1Banking, financial services, and insurance: COVID-19 drivers impacting encryption software market
Table 75Banking, financial services, and insurance: Encryption software market size, by region, 2014–2019 (USD Million)
Table 76Banking, financial services, and insurance: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 77Banking, financial services, and insurance: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 78Post-COVID-19: Banking, financial services, and insurance market size, for North America, 2020–2025 (USD Million)
Table 79Post-COVID-19: Banking, financial services, and insurance market size, for Europe, 2020–2025 (USD Million)
Table 80Post-COVID-19: Banking, financial services, and insurance market size, for Asia Pacific, 2020–2025 (USD Million)
Table 81Post-COVID-19: Banking, financial services, and insurance market size, for Middle East and Africa, 2020–2025 (USD Million)
Table 82Post-COVID-19: Banking, financial services, and insurance market size, for Latin America, 2020–2025 (USD Million)
11.3Aerospace and defense
11.3.1Aerospace and defense: COVID-19 drivers impacting encryption software market
Table 83Aerospace and defense: Encryption software market size, by region, 2014–2019 (USD Million)
Table 84Aerospace and defense: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 85Aerospace and defense: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 86Post-COVID-19: Aerospace and defense market size, for North America, 2020–2025 (USD Million)
Table 87Post-COVID-19: Aerospace and defense market size, for Europe, 2020–2025 (USD Million)
Table 88Post-COVID-19: Aerospace and defense market size, for Asia Pacific, 2020–2025 (USD Million)
Table 89Post-COVID-19: Aerospace and defense market size, for Middle East and Africa, 2020–2025 (USD Million)
Table 90Post-COVID-19: Aerospace and defense market size, for Latin America, 2020–2025 (USD Million)
11.4Government and Public Utilities
11.4.1Government and public utilities: COVID-19 drivers impacting encryption software market
Table 91Government and public utilities: Encryption software market size, by region, 2014–2019 (USD Million)
Table 92Government and public utilities: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 93Government and public utilities: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 94Post-COVID-19: Government and public utilities market size, for North America, 2020–2025 (USD Million)
Table 95Post-COVID-19: Government and public utilities market size, for Europe, 2020–2025 (USD Million)
Table 96Post-COVID-19: Government and public utilities market size, for Asia Pacific, 2020–2025 (USD Million)
Table 97Post-COVID-19: Government and public utilities market size, for Middle East and Africa, 2020–2025 (USD Million)
Table 98Post-COVID-19: Government and public utilities market size, for Latin America, 2020–2025 (USD Million)
11.5IT and Telecommunication
11.5.1IT and telecommunication: COVID-19 drivers impacting encryption software market
Table 99IT and telecommunication: Encryption software market size, by region, 2014–2019 (USD Million)
Table 100IT and telecommunication: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 101IT and telecommunication: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 102Post-COVID-19: IT and telecommunication market size, for North America, 2020–2025 (USD Million)
Table 103Post-COVID-19: IT and telecommunication market size, for Europe, 2020–2025 (USD Million)
Table 104Post-COVID-19: IT and telecommunication market size, for Asia Pacific, 2020–2025 (USD Million)
Table 105Post-COVID-19: IT and telecommunication market size, for Middle East and Africa, 2020–2025 (USD Million)
Table 106Post-COVID-19: IT and telecommunication market size, for Latin America, 2020–2025 (USD Million)
11.6Healthcare
11.6.1Healthcare: COVID-19 drivers impacting encryption software market
Table 107Healthcare: Encryption software market size, by region, 2014–2019 (USD Million)
Table 108Healthcare: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 109Healthcare: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 110Post-COVID-19: Healthcare market size, for North America, 2020–2025 (USD Million)
Table 111Post-COVID-19: Healthcare market size, for Europe, 2020–2025 (USD Million)
Table 112Post-COVID-19: Healthcare market size, for Asia Pacific, 2020–2025 (USD Million)
Table 113Post-COVID-19: Healthcare market size, for Middle East and Africa, 2020–2025 (USD Million)
Table 114Post-COVID-19: Healthcare market size, for Latin America, 2020–2025 (USD Million)
11.7Retail
11.7.1Retail: COVID-19 drivers impacting encryption software market
Table 115Retail: Encryption software market size, by region, 2014–2019 (USD Million)
Table 116Retail: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 117Retail: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 118Post-COVID-19: Retail market size, for North America, 2020–2025 (USD Million)
Table 119Post-COVID-19: Retail market size, for Europe, 2020–2025 (USD Million)
Table 120Post-COVID-19: Retail market size, for Asia Pacific, 2020–2025 (USD Million)
Table 121Post-COVID-19: Retail market size, for Middle East and Africa, 2020–2025 (USD Million)
Table 122Post-COVID-19: Retail market size, for Latin America, 2020–2025 (USD Million)
11.8Other Verticals
Table 123Other verticals: Encryption software market size, by region, 2014–2019 (USD Million)
Table 124Other verticals: Encryption software market size, by region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 125Other verticals: Encryption software market size, by region, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 126Post-COVID-19: Other verticals market size, for North America, 2020–2025 (USD Million)
Table 127Post-COVID-19: Other verticals market size, for Europe, 2020–2025 (USD Million)
Table 128Post-COVID-19: Other verticals market size, for Asia Pacific, 2020–2025 (USD Million)
Table 129Post-COVID-19: Other verticals market size, for Middle East and Africa, 2020–2025 (USD Million)
Table 130Post-COVID-19: Other verticals market size, for Latin America, 2020–2025 (USD Million)
12ENCRYPTION SOFTWARE MARKET, BY REGION (PAGE NO 145)
12.1Introduction
Figure 24North America to hold the largest market size during the forecast period
Figure 25Australia to register the highest CAGR during the forecast period
Figure 26Asia Pacific to grow at the highest CAGR during the forecast period
Table 131Encryption software market size, by region, 2014–2019 (USD Million)
Table 132Encryption software market size, by region, Pre-COVID-19 scenario, 2020–2025 (USD Million)
Table 133Encryption software market size, by region, Post-COVID-19 scenario, 2020–2025 (USD Million)
12.2North America
12.2.1North America: COVID-19 drivers impacting encryption software market
Figure 27North America: Market snapshot
Table 134North America: Encryption software market size, by component, 2014–2019 (USD Million)
Table 135North America: Encryption software market size, by component, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 136North America: Encryption software market size, by component, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 137North America: Encryption software market size, by service, 2014–2019 (USD Million)
Table 138North America: Encryption software market size, by service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 139North America: Encryption software market size, by service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 140North America: Encryption software market size, by professional service, 2014–2019 (USD Million)
Table 141North America: Encryption software market size, by professional service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 142North America: Encryption software market size, by professional service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 143North America: Encryption software market size, by application, 2014–2019 (USD Million)
Table 144North America: Encryption software market size, by application, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 145North America: Encryption software market size, by application, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 146North America: Encryption software market size, by deployment mode, 2014–2019 (USD Million)
Table 147North America: Encryption software market size, by deployment mode, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 148North America: Encryption software market size, by deployment mode, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 149North America: Encryption software market size, by enterprise size, 2014–2019 (USD Million)
Table 150North America: Encryption software market size, by enterprise size, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 151North America: Encryption software market size, by enterprise size, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 152North America: Encryption software market size, by vertical, 2014–2019 (USD Million)
Table 153North America: Encryption software market size, by vertical, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 154North America: Encryption software market size, by vertical, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 155North America: Encryption software market size, by country, 2014–2019 (USD Million)
Table 156North America: Encryption software market size, by country, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 157North America: Encryption software market size, by country, Post-COVID-19 scenario, 2019–2025 (USD Million)
12.2.2United States
12.2.2.1Growing need to secure private data to fuel the demand for encryption software in the US
12.2.3Canada
12.2.3.1Increasing adoption of encryption solutions across various verticals to drive the market growth in Canada
12.3Europe
12.3.1Europe: COVID-19 drivers impacting encryption software market
Table 158Europe: Encryption software market size, by component, 2014–2019 (USD Million)
Table 159Europe: Encryption software market size, by component, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 160Europe: Encryption software market size, by component, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 161Europe: Encryption software market size, by service, 2014–2019 (USD Million)
Table 162Europe: Encryption software market size, by service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 163Europe: Encryption software market size, by service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 164Europe: Encryption software market size, by professional service, 2014–2019 (USD Million)
Table 165Europe: Encryption software market size, by professional service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 166Europe: Encryption software market size, by professional service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 167Europe: Encryption software market size, by application, 2014–2019 (USD Million)
Table 168Europe: Encryption software market size, by application, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 169Europe: Encryption software market size, by application, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 170Europe: Encryption software market size, by deployment mode, 2014–2019 (USD Million)
Table 171Europe: Encryption software market size, by deployment mode, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 172Europe: Encryption software market size, by deployment mode, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 173Europe: Encryption software market size, by enterprise size, 2014–2019 (USD Million)
Table 174Europe: Encryption software market size, by enterprise size, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 175Europe: Encryption software market size, by enterprise size, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 176Europe: Encryption software market size, by vertical, 2014–2019 (USD Million)
Table 177Europe: Encryption software market size, by vertical, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 178Europe: Encryption software market size, by vertical, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 179Europe: Encryption software market size, by country, 2014–2019 (USD Million)
Table 180Europe: Encryption software market size, by country, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 181Europe: Encryption software market size, by country, Post-COVID-19 scenario, 2019–2025 (USD Million)
12.3.2United Kingdom
12.3.2.1Focus on securing users’ data and addressing GDPR requirements to drive the market in the UK
12.3.3Germany
12.3.3.1Increasing instances of spear phishing attacks and internet thefts to increase the demand for encryption software in Germany
12.3.4Rest of Europe
12.4Asia Pacific
12.4.1Asia Pacific: COVID-19 drivers impacting encryption software market
Figure 28Asia Pacific: Market snapshot
Table 182Asia Pacific: Encryption software market size, by component, 2014–2019 (USD Million)
Table 183Asia pacific: Encryption software market size, by component, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 184Asia Pacific: Encryption software market size, by component, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 185Asia Pacific: Encryption software market size, by service, 2014–2019 (USD Million)
Table 186Asia Pacific: Encryption software market size, by service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 187Asia Pacific: Encryption software market size, by service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 188Asia Pacific: Encryption software market size, by professional service, 2014–2019 (USD Million)
Table 189Asia Pacific: Encryption software market size, by professional service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 190Asia Pacific: Encryption software market size, by professional service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 191Asia Pacific: Encryption software market size, by application, 2014–2019 (USD Million)
Table 192Asia Pacific: Encryption software market size, by application, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 193Asia Pacific: Encryption software market size, by application, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 194Asia Pacific: Encryption software market size, by deployment mode, 2014–2019 (USD Million)
Table 195Asia Pacific: Encryption software market size, by deployment mode, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 196Asia Pacific: Encryption software market size, by deployment mode, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 197Asia Pacific: Encryption software market size, by enterprise size, 2014–2019 (USD Million)
Table 198Asia Pacific: Encryption software market size, by enterprise size, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 199Asia Pacific: Encryption software market size, by enterprise size, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 200Asia Pacific: Encryption software market size, by vertical, 2014–2019 (USD Million)
Table 201Asia Pacific: Encryption software market size, by vertical, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 202Asia Pacific: Encryption software market size, by vertical, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 203Asia Pacific: Encryption software market size, by country, 2014–2019 (USD Million)
Table 204Asia Pacific: Encryption software market size, by country, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 205Asia Pacific: Encryption software market size, by country, Post-COVID-19 scenario, 2019–2025 (USD Million)
12.4.2China
12.4.2.1Increasing investments in encryption solutions to spur the demand for encryption solutions in China
12.4.3India
12.4.3.1Growing need for securing confidential information to drive the growth of encryption software in India
12.4.4Australia and New Zealand
12.4.4.1Rising data leakage instances across ANZ to boost the growth of encryption software in ANZ
12.4.5Rest of Asia Pacific
12.5Middle East and Africa
12.5.1Middle East and Africa: COVID-19 drivers impacting encryption software market
Table 206Middle East and Africa: Encryption software market size, by component, 2014–2019 (USD Million)
Table 207Middle East and Africa: Encryption software market size, by component, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 208Middle East and Africa: Encryption software market size, by component, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 209Middle East and Africa: Encryption software market size, by service, 2014–2019 (USD Million)
Table 210Middle East and Africa: Encryption software market size, by service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 211Middle East and Africa: Encryption software market size, by service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 212Middle East and Africa: Encryption software market size, by professional service, 2014–2019 (USD Million)
Table 213Middle East and Africa: Encryption software market size, by professional service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 214Middle East and Africa: Encryption software market size, by professional service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 215Middle East and Africa: Encryption software market size, by application, 2014–2019 (USD Million)
Table 216Middle East and Africa: Encryption software market size, by application, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 217Middle East and Africa: Encryption software market size, by application, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 218Middle East and Africa: Encryption software market size, by deployment mode, 2014–2019 (USD Million)
Table 219Middle East and Africa: Encryption software market size, by deployment mode, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 220Middle East and Africa: Encryption software market size, by deployment mode, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 221Middle East and Africa: Encryption software market size, by enterprise size, 2014–2019 (USD Million)
Table 222Middle East and Africa: Encryption software market size, by enterprise size, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 223Middle East and Africa: Encryption software market size, by enterprise size, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 224Middle East and Africa: Encryption software market size, by vertical, 2014–2019 (USD Million)
Table 225Middle East and Africa: Encryption software market size, by vertical, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 226Middle East and Africa: Encryption software market size, by vertical, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 227Middle East and Africa: Encryption software market size, by sub-region, 2014–2019 (USD Million)
Table 228Middle East and Africa: Encryption software market size, by sub-region, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 229Middle East and Africa: Encryption software market size, by sub-region, Post-COVID-19 scenario, 2019–2025 (USD Million)
12.5.2Middle East
12.5.2.1Complex legal, regulatory, and economic resolutions to compel organizations to adopt encryption software in the Middle East
12.5.3Africa
12.5.3.1Increase in number of tech ventures to lead to the growth of encryption software market in Africa
12.6Latin America
12.6.1Latin America: COVID-19 drivers impacting encryption software market
Table 230Latin America: Encryption software market size, by component, 2014–2019 (USD Million)
Table 231Latin America: Encryption software market size, by component, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 232Latin America: Encryption software market size, by component, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 233Latin America: Encryption software market size, by service, 2014–2019 (USD Million)
Table 234Latin America: Encryption software market size, by service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 235Latin America: Encryption software market size, by service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 236Latin America: Encryption software market size, by professional service, 2014–2019 (USD Million)
Table 237Latin America: Encryption software market size, by professional service, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 238Latin America: Encryption software market size, by professional service, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 239Latin America: Encryption software market size, by application, 2014–2019 (USD Million)
Table 240Latin America: Encryption software market size, by application, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 241Latin America: Encryption software market size, by application, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 242Latin America: Encryption software market size, by deployment mode, 2014–2019 (USD Million)
Table 243Latin America: Encryption software market size, by deployment mode, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 244Latin America: Encryption software market size, by deployment mode, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 245Latin America: Encryption software market size, by enterprise size, 2014–2019 (USD Million)
Table 246Latin America: Encryption software market size, by enterprise size, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 247Latin America: Encryption software market size, by enterprise size, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 248Latin America: Encryption software market size, by vertical, 2014–2019 (USD Million)
Table 249Latin America: Encryption software market size, by vertical, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 250Latin America: Encryption software market size, by vertical, Post-COVID-19 scenario, 2019–2025 (USD Million)
Table 251Latin America: Encryption software market size, by country, 2014–2019 (USD Million)
Table 252Latin America: Encryption software market size, by country, Pre-COVID-19 scenario, 2019–2025 (USD Million)
Table 253Latin America: Encryption software market size, by country, Post-COVID-19 scenario, 2019–2025 (USD Million)
12.6.2Brazil
12.6.2.1Rapid surge in usage of sensitive data for sharing vital information among customers to increase the demand for encryption software in Brazil
12.6.3Mexico
12.6.3.1Rise in the adoption of cloud-based solutions and services to fuel the growth of encryption software market in Mexico
12.6.4Rest of Latin America
13COMPETITIVE LANDSCAPE (PAGE NO 201)
13.1Competitive Leadership Mapping
13.1.1Visionary leaders
13.1.2Innovators
13.1.3Dynamic differentiators
13.1.4Emerging companies
Figure 29Encryption software market (global) competitive leadership mapping, 2018
13.2Strength of Product Portfolio
Figure 30Product portfolio analysis of top players in encryption software market
13.3Business Strategy Excellence
Figure 31Business strategy excellence of top players in encryption software market
13.4COMPETITIVE LEADERSHIP MAPPING (Startups/SMEs)
13.4.1Progressive companies
13.4.2Responsive companies
13.4.3Dynamic companies
13.4.4Starting blocks
Figure 32Encryption software market competitive leadership mapping, startup companies, 2019
14COMPANY PROFILES (PAGE NO 208)
14.1Introduction
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
14.2IBM
Figure 33IBM: Company snapshot
Figure 34IBM: SWOT analysis
14.3MICROSOFT
Figure 35MICROSOFT: Company snapshot
Figure 36MICROSOFT: SWOT analysis
14.4SYMANTEC
Figure 37SYMANTEC: Company snapshot
Figure 38SYMANTEC: SWOT analysis
14.5THALES E-SECURITY
Figure 39THALES E-SECURITY: Company snapshot
Figure 40THALES E-SECURITY: SWOT analysis
14.6TREND MICRO
Figure 41TREND MICRO: Company snapshot
Figure 42TREND MICRO: SWOT analysis
14.7SOHPOS
Figure 43SOHPOS: Company snapshot
14.8CHECK POINT
Figure 44CHECK POINT: Company snapshot
14.9MICRO FOCUS
Figure 45MICRO FOCUS: Company snapshot
14.10MCAFEE
14.11DELL
14.12WINMAGIC
14.13ESET
14.14CRYPTOMATHIC
14.15BITDEFENDER
14.16STORMSHIELD
14.17CIPHERCLOUD
14.18Other Relevant Company Profiles
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
15ADJACENT MARKETS (PAGE NO 251)
15.1Introduction to Adjacent Markets
Table 254Adjacent markets and forecasts
15.2Limitations
15.3Encryption Software Ecosystem and Adjacent Markets
15.4Mobile Encryption Market
15.4.1Adjacent market: Mobile encryption market, by application
Table 255Disk encryption: Mobile encryption market size, by region, 2015–2022 (USD Million)
Table 256File/folder encryption: Mobile encryption market size, by region, 2015–2022 (USD Million)
Table 257Communication encryption: Mobile encryption market size, by region, 2015–2022 (USD Million)
Table 258Cloud encryption: Mobile encryption market size, by region, 2015–2022 (USD Million)
15.4.2Adjacent market: Mobile encryption market, by vertical
Table 259Banking, financial services, and insurance: Mobile encryption market size, by region, 2015–2022 (USD Million)
Table 260Aerospace and defense: Mobile encryption market size, by region, 2015–2022 (USD Million)
Table 261Healthcare: Mobile encryption market size, by region, 2015–2022 (USD Million)
Table 262Government and public sector: Mobile encryption market size, by region, 2015–2022 (USD Million)
Table 263Telecom: Mobile encryption market size, by region, 2015–2022 (USD Million)
Table 264Retail: Mobile encryption market size, by region, 2015–2022 (USD Million)
Table 265Others: Mobile encryption market size, by region, 2015–2022 (USD Million)
15.4.3Adjacent market: Mobile encryption market, by region
Table 266North America: Mobile encryption market size, by application, 2015–2022 (USD Million)
Table 267North America: Mobile encryption market size, by vertical, 2015–2022 (USD Million)
Table 268Europe: Mobile encryption market size, by application, 2015–2022 (USD Million)
Table 269Europe: Mobile encryption market size, by vertical, 2015–2022 (USD Million)
Table 270Asia Pacific: Mobile encryption market size, by application, 2015–2022 (USD Million)
Table 271Asia Pacific: Mobile encryption market size, by vertical, 2015–2022 (USD Million)
Table 272Middle East and Africa: Mobile encryption market size, by application, 2015–2022 (USD Million)
Table 273Middle East and Africa: Mobile encryption market size, by vertical, 2015–2022 (USD Million)
Table 274Latin America: Mobile encryption market size, by application, 2015–2022 (USD Million)
Table 275Latin America: Mobile encryption market size, by vertical, 2015–2022 (USD Million)
15.5Cybersecurity Market
15.5.1Adjacent market: Cybersecurity market, by vertical
Table 276Aviation and defense: Cybersecurity market size, by region, 2016–2023 (USD Billion)
Table 277Government: Cybersecurity market size, by region, 2016–2023 (USD Billion)
Table 278Banking, financial services, and insurance: Cybersecurity market size, by region, 2016–2023 (USD Billion)
Table 279IT and telecom: Cybersecurity market size, by region, 2016–2023 (USD Billion)
Table 280Healthcare: Cybersecurity market size, by region, 2016–2023 (USD Billion)
Table 281Retail: Cybersecurity market size, by region, 2016–2023 (USD Billion)
Table 282Manufacturing: Cybersecurity market size, by region, 2016–2023 (USD Billion)
Table 283Energy and utilities: Cybersecurity market size, by region, 2016–2023 (USD Billion)
Table 284Others: Cybersecurity market size, by region, 2016–2023 (USD Billion)
15.5.2Adjacent market: Cybersecurity market, by region
Table 285North America: Cybersecurity market size, by industry vertical, 2016–2023 (USD Billion)
Table 286Europe: Cybersecurity market size, by industry vertical, 2016–2023 (USD Billion)
Table 287Asia Pacific: Cybersecurity market size, by industry vertical, 2016–2023 (USD Billion)
Table 288Middle East and Africa: Cybersecurity market size, by industry vertical, 2016–2023 (USD Billion)
Table 289Latin America: Cybersecurity market size, by industry vertical, 2016–2023 (USD Billion)
15.6Quantum Cryptography Market
15.6.1Adjacent market: Quantum cryptography market, by vertical
Table 290Quantum cryptography market size, by vertical, 2016–2023 (USD Thousand)
Table 291Government and defense: Quantum cryptography market size, by region, 2016–2023 (USD Thousand)
Table 292Banking, financial services, and insurance: Quantum cryptography market size, by region, 2016–2023 (USD Thousand)
Table 293Retail: Quantum cryptography market size, by region, 2016–2023 (USD Thousand)
Table 294Healthcare: Quantum cryptography market size, by region, 2016–2023 (USD Thousand)
Table 295Automotive: Quantum cryptography market size, by region, 2016–2023 (USD Thousand)
Table 296Others: Quantum cryptography market size, by region, 2016–2023 (USD Thousand)
15.6.2Adjacent market: quantum cryptography market, by region
Table 297Quantum cryptography market size, by region, 2016–2023 (USD Thousand)
Table 298Americas: Quantum cryptography market size, by vertical, 2016–2023 (USD Thousand)
Table 299Americas: Quantum cryptography market size, by country, 2016–2023 (USD Thousand)
Table 300Europe: Quantum cryptography market size, by vertical, 2016–2023 (USD Thousand)
Table 301Europe: Quantum cryptography market size, by country, 2016–2023 (USD Thousand)
Table 302Asia Pacific: Quantum cryptography market size, by vertical, 2016–2023 (USD Thousand)
Table 303Asia Pacific: Quantum cryptography market size, by country, 2016–2023 (USD Thousand)
Table 304Middle East and Africa: Quantum cryptography market size, by vertical, 2016–2023 (USD Thousand)
Table 305Middle East and Africa: Quantum cryptography market size, by country, 2016–2023 (USD Thousand)
16APPENDIX (PAGE NO 271)
16.1Discussion Guide
16.2Knowledge Store: MarketsandMarkets’ Subscription Portal
16.3Available Customizations
16.4Related Reports
16.5Author Details

The study consists of 4 major activities to estimate the current market size of the encryption software market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the encryption software market.

Secondary research

In the secondary research process, various secondary sources, such as D&B Hoovers and Bloomberg BusinessWeek, have been referred to for identifying and collecting information for this study. Secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors, gold standard and silver standard websites, Research and Development (R&D) organizations, regulatory bodies, and databases.

Primary research

Various primary sources from both the supply and demand sides of the encryption software market were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), technology and innovation directors, hedge fund managers, and related key executives from various vendors offering encryption software solutions, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

The following is the breakup of profiles of primary participants:

Encryption Software Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market size estimation

For making market estimates and forecasting the encryption software market and the other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global encryption software market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report objectives

  • To define, describe, and forecast the encryption software market by component (software and services), services (professional services and managed services), application (disk encryption, file/folder encryption, database encryption, communication encryption, and cloud encryption), deployment mode (cloud and on-premises), enterprise size (Small and Medium-sized Enterprises [SMEs] and large enterprises), and region (North America, Europe, Asia Pacific [APAC], Latin America, and Middle East and Africa [MEA]).
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To strategically analyze the micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the encryption software market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the encryption software ecosystem
  • To strategically profile key players and comprehensively analyze their market positions in terms of ranking and core competencies, along with the detailed competitive landscape of market leaders
  • To analyze strategic approaches, such as product launches, acquisitions, contracts, agreements, and partnerships, in the encryption software market

Available customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic analysis

  • Further breakup of the North American encryption software market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the Latin American market
  • Further breakup of the MEA market

Company information

  • Detailed analysis and profiling of additional market players up to 5
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