Market by Component, Deployment, Organization Size, Function, End-user, and Geography | Forecast 2019-2028
Triton Market Research predicts that the global encryption software market is estimated to rise with a CAGR of 13.25% during the forecast period 2019-2028. The market was valued at $6.88 billion in the year 2019, and is expected to attain revenue worth $21.11 billion by the year 2028.
Report scope can be customized per your requirements. Request For Customization
Encryption is one of the emerging data solutions that helps in safeguarding confidential data from being accessed by unknown users. Moreover, its primary objective is to guard the confidentiality of the data transmitted over wireless network disks or stored in files/folders based on the compliance and security requirements within the organization.
Triton Market Research’s report provides a detailed insight into the market. The extensive analysis of the market includes key market insights, Porter’s five forces analysis, key impact analysis, and market attractiveness index.
Factors such as an increase
in the number of data breaches and force attacks, surge in compliance
regulations, growing adoption of virtualization and the cloud, and increase in
mobility are anticipated to foster market growth during the projected period. Moreover,
the rise in mobility and remote connectivity will continue to enhance the
demand for encryption, primarily because it ensures the safety of sensitive
data regardless of which device it is stored on and which location it is
accessed from.
Furthermore, the widespread
adoption of IoT and cloud services, coupled with ongoing technological
advancements in encryption chips, is projected to act as some opportunities for
the market. The encrypted chips are expensive and complex, which has encouraged
manufacturers to embrace new designs and methodologies termed system-on-chip
(SoC). This will assist in reducing the cost of the encrypted chips.
Additionally, companies are progressing towards network-on-chip (NoC)
architectures that tackle the issues of linking the computational units to the
communication medium. Although, the encrypted chips that are equipped with
higher 128 or 256 algorithm bit AESs are anticipated to be introduced in the
future.
The higher capital
investment needed for the installation and maintenance of hardware encryption
devices is one of the key factors restricting the growth of the encryption
software market. The limitations on the use of encrypted devices in some
countries is another restraining factor affecting the market’s development. The
increase in costs and complexity of encryption keys, lack of education on
encryption, and regulatory restrictions on crypto-software are factors
hampering the studied market’s expansion.
Key geographies covered in the global encryption software
market are:
• North America: United States and
Canada
• Europe: United Kingdom, France,
Germany, Spain, Italy, Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India,
Australia, South Korea, ASEAN Countries, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and
Rest of Latin America
• Middle East and Africa: Saudi Arabia,
Turkey, United Arab Emirates, South Africa, and Rest of Middle East &
Africa
The report on the global
encryption software market includes segmentation analysis as follows:
• Market by Component:
o Software
o Services
• Market by Deployment:
o On-premise
o Cloud
• Market by Organization
Size:
o Large Enterprises
o Small & Medium Enterprises
• Market by Function:
o Disk
o Communication
o File/Folder
o Cloud
• Market by End-user:
o BFSI
o IT & Telecom
o Government & Public Sector
o Retail
o Healthcare
o Aerospace & Defense
o Media & Entertainment
o Others
The key establishments
profiled in the report include Broadcom Inc, Cisco System Inc, Check Point
Software Technologies, Dell Inc, FireEye Inc, Fortinet Inc, McAfee LLC, Sophos
Holdings Ltd, Trend Micro Incorporated, Proofpoint, Symantec Corporation,
International Business Machines Corporation, Oracle Corporation, Palo Alto
Networks Inc, and Microsoft Corporation.
Market by Security Testing Typ ..
VIEW REPORT1. GLOBAL
ENCRYPTION SOFTWARE MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. WIDE
ADOPTION OF ENCRYPTION STRATEGY IN ENTERPRISES
2.2.2. INCREASE
IN DEMAND FOR CLOUD DATA ENCRYPTION
2.2.3. SNOWDEN
REVELATIONS
2.3. IMPACT
OF COVID-19 ON ENCRYPTION SOFTWARE MARKET
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF BUYERS
2.4.4. BARGAINING
POWER OF SUPPLIERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. MARKET
DRIVERS
2.7.1. INCREASE
IN NUMBER OF DATA BREACHES AND FORCE ATTACKS
2.7.2. INCREASE
IN COMPLIANCE REGULATIONS
2.7.3. GROWTH
IN ADOPTION OF VIRTUALIZATION AND CLOUD
2.7.4. INCREASE
IN MOBILITY
2.8. MARKET
RESTRAINTS
2.8.1. HIGH
CAPITAL INVESTMENT
2.8.2. LIMITATIONS
ON USE OF ENCRYPTED DEVICES IN SOME COUNTRIES
2.9. MARKET
OPPORTUNITIES
2.9.1. WIDESPREAD
ADOPTION OF IOT AND CLOUD SERVICES
2.9.2. ONGOING
TECHNOLOGICAL ADVANCEMENTS IN ENCRYPTION CHIPS
2.10. MARKET
CHALLENGES
2.10.1. INCREASE IN COSTS AND
COMPLEXITY OF ENCRYPTION KEYS
2.10.2. LACK OF EDUCATION ON
ENCRYPTION
2.10.3. REGULATORY RESTRICTIONS ON
CRYPTO-SOFTWARE
3. GLOBAL
ENCRYPTION SOFTWARE MARKET OUTLOOK - BY COMPONENT
3.1. SOFTWARE
3.2. SERVICES
4. GLOBAL
ENCRYPTION SOFTWARE MARKET OUTLOOK - BY DEPLOYMENT
4.1. ON-PREMISE
4.2. CLOUD
5. GLOBAL
ENCRYPTION SOFTWARE MARKET OUTLOOK - BY ORGANIZATION SIZE
5.1. LARGE
ENTERPRISES
5.2. SMALL
& MEDIUM ENTERPRISES
6. GLOBAL
ENCRYPTION SOFTWARE MARKET OUTLOOK - BY FUNCTION
6.1. DISK
ENCRYPTION
6.2. COMMUNICATION
ENCRYPTION
6.3. FILE/FOLDER
ENCRYPTION
6.4. CLOUD
ENCRYPTION
7. GLOBAL
ENCRYPTION SOFTWARE MARKET OUTLOOK - BY END-USER
7.1. BFSI
7.2. IT
& TELECOM
7.3. GOVERNMENT
& PUBLIC SECTOR
7.4. RETAIL
7.5. HEALTHCARE
7.6. AEROSPACE
& DEFENSE
7.7. MEDIA
& ENTERTAINMENT
7.8. OTHERS
8. GLOBAL
ENCRYPTION SOFTWARE MARKET - REGIONAL OUTLOOK
8.1. NORTH
AMERICA
8.1.1. MARKET
BY COMPONENT
8.1.2. MARKET
BY DEPLOYMENT
8.1.3. MARKET
BY ORGANIZATION SIZE
8.1.4. MARKET
BY FUNCTION
8.1.5. MARKET
BY END-USER
8.1.6. COUNTRY
ANALYSIS
8.1.6.1. UNITED
STATES
8.1.6.2. CANADA
8.2. EUROPE
8.2.1. MARKET
BY COMPONENT
8.2.2. MARKET
BY DEPLOYMENT
8.2.3. MARKET
BY ORGANIZATION SIZE
8.2.4. MARKET
BY FUNCTION
8.2.5. MARKET
BY END-USER
8.2.6. COUNTRY
ANALYSIS
8.2.6.1. UNITED
KINGDOM
8.2.6.2. GERMANY
8.2.6.3. FRANCE
8.2.6.4. SPAIN
8.2.6.5. ITALY
8.2.6.6. RUSSIA
8.2.6.7. REST
OF EUROPE
8.3. ASIA-PACIFIC
8.3.1. MARKET
BY COMPONENT
8.3.2. MARKET
BY DEPLOYMENT
8.3.3. MARKET
BY ORGANIZATION SIZE
8.3.4. MARKET
BY FUNCTION
8.3.5. MARKET
BY END-USER
8.3.6. COUNTRY
ANALYSIS
8.3.6.1. CHINA
8.3.6.2. JAPAN
8.3.6.3. INDIA
8.3.6.4. SOUTH
KOREA
8.3.6.5. ASEAN
COUNTRIES
8.3.6.6. AUSTRALIA
& NEW ZEALAND
8.3.6.7. REST
OF ASIA-PACIFIC
8.4. LATIN
AMERICA
8.4.1. MARKET
BY COMPONENT
8.4.2. MARKET
BY DEPLOYMENT
8.4.3. MARKET
BY ORGANIZATION SIZE
8.4.4. MARKET
BY FUNCTION
8.4.5. MARKET
BY END-USER
8.4.6. COUNTRY
ANALYSIS
8.4.6.1. BRAZIL
8.4.6.2. MEXICO
8.4.6.3. REST
OF LATIN AMERICA
8.5. MIDDLE
EAST AND AFRICA
8.5.1. MARKET
BY COMPONENT
8.5.2. MARKET
BY DEPLOYMENT
8.5.3. MARKET
BY ORGANIZATION SIZE
8.5.4. MARKET
BY FUNCTION
8.5.5. MARKET
BY END-USER
8.5.6. COUNTRY
ANALYSIS
8.5.6.1. UNITED
ARAB EMIRATES
8.5.6.2. TURKEY
8.5.6.3. SAUDI
ARABIA
8.5.6.4. SOUTH
AFRICA
8.5.6.5. REST
OF MIDDLE EAST & AFRICA
9. COMPETITIVE
LANDSCAPE
9.1. CHECK
POINT SOFTWARE TECHNOLOGIES
9.2. CISCO
SYSTEM INC
9.3. SYMANTEC
CORPORATION
9.4. SOPHOS
HOLDINGS LTD
9.5. TREND
MICRO INCORPORATED
9.6. BROADCOM
INC
9.7. DELL
INC
9.8. FIREEYE
INC
9.9. FORTINET
INC
9.10. INTERNATIONAL
BUSINESS MACHINES CORPORATION
9.11. MCAFEE
LLC
9.12. MICROSOFT
CORPORATION
9.13. ORACLE
CORPORATION
9.14. PALO
ALTO NETWORKS INC
9.15. PROOFPOINT
10. METHODOLOGY
& SCOPE
10.1. RESEARCH
SCOPE & DELIVERABLES
10.2. SOURCES
OF DATA
10.3 .RESEARCH METHODOLOGY
TABLE 1. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 2. MARKET
ATTRACTIVENESS INDEX
TABLE 3. VENDOR
SCORECARD
TABLE 4. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2019-2028 (IN $ MILLION)
TABLE 5. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT, 2019-2028 (IN $ MILLION)
TABLE 6. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE, 2019-2028 (IN $ MILLION)
TABLE 7. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY FUNCTION, 2019-2028 (IN $ MILLION)
TABLE 8. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 9. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 10. NORTH AMERICA
ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 11. NORTH AMERICA
ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2019-2028 (IN $ MILLION)
TABLE 12. NORTH AMERICA
ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT, 2019-2028 (IN $ MILLION)
TABLE 13. NORTH AMERICA
ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE, 2019-2028 (IN $ MILLION)
TABLE 14. NORTH AMERICA
ENCRYPTION SOFTWARE MARKET, BY FUNCTION, 2019-2028 (IN $ MILLION)
TABLE 15. NORTH AMERICA
ENCRYPTION SOFTWARE MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 16. EUROPE
ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 17. EUROPE
ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2019-2028 (IN $ MILLION)
TABLE 18. EUROPE
ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT, 2019-2028 (IN $ MILLION)
TABLE 19. EUROPE
ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE, 2019-2028 (IN $ MILLION)
TABLE 20. EUROPE
ENCRYPTION SOFTWARE MARKET, BY FUNCTION, 2019-2028 (IN $ MILLION)
TABLE 21. EUROPE
ENCRYPTION SOFTWARE MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 22. ASIA-PACIFIC
ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 23. ASIA-PACIFIC
ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2019-2028 (IN $ MILLION)
TABLE 24. ASIA-PACIFIC
ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT, 2019-2028 (IN $ MILLION)
TABLE 25. ASIA-PACIFIC
ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE, 2019-2028 (IN $ MILLION)
TABLE 26. ASIA-PACIFIC
ENCRYPTION SOFTWARE MARKET, BY FUNCTION, 2019-2028 (IN $ MILLION)
TABLE 27. ASIA-PACIFIC
ENCRYPTION SOFTWARE MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 28. LATIN AMERICA
ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 29. LATIN AMERICA
ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2019-2028 (IN $ MILLION)
TABLE 30. LATIN AMERICA
ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT, 2019-2028 (IN $ MILLION)
TABLE 31. LATIN AMERICA
ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE, 2019-2028 (IN $ MILLION)
TABLE 32. LATIN AMERICA
ENCRYPTION SOFTWARE MARKET, BY FUNCTION, 2019-2028 (IN $ MILLION)
TABLE 33. LATIN AMERICA
ENCRYPTION SOFTWARE MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
TABLE 34. MIDDLE EAST
AND AFRICA ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 35. MIDDLE EAST
AND AFRICA ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2019-2028 (IN $ MILLION)
TABLE 36. MIDDLE EAST
AND AFRICA ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT, 2019-2028 (IN $ MILLION)
TABLE 37. MIDDLE EAST
AND AFRICA ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE, 2019-2028 (IN $
MILLION)
TABLE 38. MIDDLE EAST
AND AFRICA ENCRYPTION SOFTWARE MARKET, BY FUNCTION, 2019-2028 (IN $ MILLION)
TABLE 39. MIDDLE EAST
AND AFRICA ENCRYPTION SOFTWARE MARKET, BY END-USER, 2019-2028 (IN $ MILLION)
FIGURE 1. PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)
FIGURE 3. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)
FIGURE 4. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY ON-PREMISE, 2019-2028 (IN $ MILLION)
FIGURE 5. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY CLOUD, 2019-2028 (IN $ MILLION)
FIGURE 6. GLOBAL ENCRYPTION
SOFTWARE MARKET, BY LARGE ENTERPRISES, 2019-2028 (IN $ MILLION)
FIGURE 7. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2019-2028 (IN $
MILLION)
FIGURE 8. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY DISK ENCRYPTION, 2019-2028 (IN $ MILLION)
FIGURE 9. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY COMMUNICATION ENCRYPTION, 2019-2028 (IN $
MILLION)
FIGURE 10. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY FILE/FOLDER ENCRYPTION, 2019-2028 (IN $ MILLION)
FIGURE 11. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY CLOUD ENCRYPTION, 2019-2028 (IN $ MILLION)
FIGURE 12. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY BFSI, 2019-2028 (IN $ MILLION)
FIGURE 13. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY IT & TELECOM, 2019-2028 (IN $ MILLION)
FIGURE 14. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY GOVERNMENT & PUBLIC SECTOR, 2019-2028 (IN $
MILLION)
FIGURE 15. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)
FIGURE 16. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)
FIGURE 17. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY AEROSPACE & DEFENSE, 2019-2028 (IN $
MILLION)
FIGURE 18. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY MEDIA & ENTERTAINMENT, 2019-2028 (IN $
MILLION)
FIGURE 19. GLOBAL
ENCRYPTION SOFTWARE MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)
FIGURE 20. GLOBAL
ENCRYPTION SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 21. UNITED
STATES ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 22. CANADA
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 23. UNITED
KINGDOM ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 24. GERMANY
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 25. FRANCE
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 26. SPAIN
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 27. ITALY
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 28. RUSSIA
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 29. REST OF
EUROPE ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 30. CHINA
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 31. JAPAN
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 32. INDIA
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 33. SOUTH KOREA
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 34. ASEAN COUNTRIES
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 35. AUSTRALIA
& NEW ZEALAND ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 36. REST OF
ASIA-PACIFIC ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 37. BRAZIL
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 38. MEXICO
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 39. REST OF
LATIN AMERICA ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 40. UNITED ARAB
EMIRATES ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 41. TURKEY
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 42. SAUDI ARABIA
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 43. SOUTH AFRICA
ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)
FIGURE 44. REST OF
MIDDLE EAST & AFRICA ENCRYPTION SOFTWARE MARKET 2019-2028 (IN $ MILLION)