Information Communications Media Technology Market News

Research focused on the encryption software market estimated to grow at a CAGR of 27.4% by 2022

IT Market Research

Encryption software market size is expected to grow at Compound Annual Growth Rate (CAGR) of 27.4% which results from industry value in term of money would reach from USD 3.87billion in 2017 to USD 12.96 billion by 2022.

- Advertising -

Request to download Sample copy of Encryption software market at…mple?rname=272201

Encryption software market report includes the study of key players offering encryption software solutions such as Microsoft Corporation (U.S.), Sophos Ltd. (U.S.), Check Point Software Technologies Ltd. (Israel)., Trend Micro Inc. (Japan), Symantec Corporation (U.S.), IBM Corporation (U.S.), SAS Institute Inc. (U.S.), Intel Security Group (McAfee) (U.S.), EMC Corporation (U.S.), and Win Magic Inc.

- Advertising -


The encryption software market is driven by factors such as increasing need to safeguard critical business information against advanced threats, a manifestation of a dynamic business environment, and compliance with cybersecurity guidelines and regulations. However, increasing operational costs and the emergence of hardware-based full disk encryption limit the growth of encryption software market.

Complete report on Encryption Software Market spread across 151 pages, profiling 10 companies and supported with 69 tables and 34 figures is now available at…arket-report.html

The cloud encryption segment is estimated to grow at the highest CAGR during the forecast period, due to the increased adoption of cloud-based storage and applications across various business processes. Increased intensity and volume of cyber-attacks have further increased data security concerns for an organization that has adopted cloud for data storage.

Disk encryption will have a largest market size in 2016, as data storage disks are also susceptible to cyber-attacks.

APAC includes emerging economies, such as China, Japan, and India, which are rapidly deploying encryption software solutions. APAC is expected to grow at the highest CAGR during the forecast period.

This is primarily due to the increasing instances of severe cyber-attacks in verticals such as BFSI and IT & Telecom with the surging volume payments and transactions taking place over the internet. Furthermore, North America is expected to have the largest market size in 2016.

Ask for copy of Encryption Software Market by Application (Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption), Service, Deployment Type, User Type, Industry Vertical, Region…ount?rname=272201

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the encryption software marketplace.

  • By Company Type: Tier 1: 55%, Tier 2: 20%, Tier 3: 25%
  • By Designation: C-Level: 60%, Director Level: 25%, Others: 15%
  • By Region: North America: 15%, Europe: 25%, APAC: 30%, Latin America: 20%, MEA: 10%

News From

RnR Market Research - Market Research and Competitive Analysis ReportsRnR Market Research
Category: Market Research Publishers and RetailersCompany about: is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.
This email address is being protected from spambots. You need JavaScript enabled to view it.