NORTH AMERICA ENCRYPTION SOFTWARE MARKET 2019-2028

ICT | IT Hardware and data centers

NORTH AMERICA ENCRYPTION SOFTWARE MARKET 2019-2028

Market by Component, Deployment, Organization Size, Function, End-user, and Country | Forecast 2019-2028

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Triton's report has ascertained the North America encryption software market to exhibit revenue growth at a CAGR of 12.09% in the projected years of 2019-2028.


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The countries researched in this market are:

•        United States

•        Canada

In the United States, the laws relating to encryption technology are well-developed and documented. Moreover, the country stands among the primary producers of IT and security products. The government regulations do not restrict the use, creation, and sale of encryption products domestically, which offers a favorable environment for the studied market's growth. Additionally, the regulations relating to data privacy and compliance require organizations to strengthen their data security measures. These laws increase the need for enterprises to implement adequate data security technologies to guarantee the safety of sensitive data of the customers. Therefore, the rise in federal-level regulations will enhance the need for encryption software, thereby expanding the country's market in the coming years.

Cybercrimes are gaining high traction in Canada as businesses adapt to more diverse digital solutions. For instance, Equifax Canada reported that the country faced a massive data breach resulting in the personal information of several users to be compromised. Such cyberattacks create a need for companies to invest in new and innovative solutions, such as encryption software, to avoid data breach over the internet. Moreover, the authorities have initiated legislation that requires telecom companies to decrypt communications, if they have the encryption keys to assist in criminal proceedings. Hence, the above-mentioned factors offer numerous opportunities for the encryption software market to expand in Canada. 

Oracle Corporation is a multinational corporation specializing in computer technology, and operates under different segments such as hardware, software, and services. The company's software runs on single and multi-server configurations for on-premises and cloud-enabled environments. Some of the major software solutions include Customer Relationship Management (CRM), Supply Chain Management (SCM), and Enterprise Resource Planning (ERP). With its headquarters in the United States, the company has its operations in various regions of the world.

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Table of Content

1.    NORTH AMERICA 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.    NORTH AMERICA ENCRYPTION SOFTWARE MARKET OUTLOOK - BY COMPONENT  

3.1. SOFTWARE           

3.2. SERVICES 

4.    NORTH AMERICA ENCRYPTION SOFTWARE MARKET OUTLOOK - BY DEPLOYMENT

4.1. ON-PREMISE        

4.2. CLOUD       

5.    NORTH AMERICA ENCRYPTION SOFTWARE MARKET OUTLOOK - BY ORGANIZATION SIZE        

5.1. LARGE ENTERPRISES  

5.2. SMALL & MEDIUM ENTERPRISES     

6.    NORTH AMERICA ENCRYPTION SOFTWARE MARKET OUTLOOK - BY FUNCTION       

6.1. DISK ENCRYPTION        

6.2. COMMUNICATION ENCRYPTION       

6.3. FILE/FOLDER ENCRYPTION    

6.4. CLOUD ENCRYPTION    

7.    NORTH AMERICA 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.    NORTH AMERICA ENCRYPTION SOFTWARE MARKET - REGIONAL OUTLOOK  

8.1. UNITED STATES  

8.2. CANADA    

9.    COMPETITIVE LANDSCAPE

9.1. CHECK POINT SOFTWARE TECHNOLOGIES         

9.2. CISCO SYSTEM INC            

9. 3. SOPHOS HOLDINGS LTD          

9. 4. TREND MICRO INCORPORATED        

9. 5. BROADCOM INC  

9.6. DELL INC   

9.7. FIREEYE INC        

9.8. FORTINET INC     

9.9. INTERNATIONAL BUSINESS MACHINES CORPORATION        

9.10. MCAFEE LLC      

9.11. MICROSOFT CORPORATION

9.12. ORACLE CORPORATION        

9.13. PALO ALTO NETWORKS INC 

9.14. PROOFPOINT          

10. METHODOLOGY & SCOPE  

10.1. RESEARCH SCOPE & DELIVERABLES      

10.2. SOURCES OF DATA     

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 2. MARKET ATTRACTIVENESS INDEX

TABLE 3. VENDOR SCORECARD

TABLE 4. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2019-2028 (IN $ MILLION)

TABLE 5. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT, 2019-2028 (IN $ MILLION)

TABLE 6. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE, 2019-2028 (IN $ MILLION)

TABLE 7. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY FUNCTION, 2019-2028 (IN $ MILLION)

TABLE 8. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY END-USER, 2019-2028 (IN $ MILLION)

TABLE 9. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1. PORTER’S FIVE FORCES ANALYSIS

FIGURE 2. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY SOFTWARE, 2019-2028 (IN $ MILLION)

FIGURE 3. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY SERVICES, 2019-2028 (IN $ MILLION)

FIGURE 4. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY ON-PREMISE, 2019-2028 (IN $ MILLION)

FIGURE 5. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY CLOUD, 2019-2028 (IN $ MILLION)

FIGURE 6. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY LARGE ENTERPRISES, 2019-2028 (IN $ MILLION)

FIGURE 7. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY SMALL & MEDIUM ENTERPRISES, 2019-2028 (IN $ MILLION)

FIGURE 8. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY DISK ENCRYPTION, 2019-2028 (IN $ MILLION)

FIGURE 9. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY COMMUNICATION ENCRYPTION, 2019-2028 (IN $ MILLION)

FIGURE 10. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY FILE/FOLDER ENCRYPTION, 2019-2028 (IN $ MILLION)

FIGURE 11. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY CLOUD ENCRYPTION, 2019-2028 (IN $ MILLION)

FIGURE 12. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY BFSI, 2019-2028 (IN $ MILLION)

FIGURE 13. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY IT & TELECOM, 2019-2028 (IN $ MILLION)

FIGURE 14. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY GOVERNMENT & PUBLIC SECTOR, 2019-2028 (IN $ MILLION)

FIGURE 15. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY RETAIL, 2019-2028 (IN $ MILLION)

FIGURE 16. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY HEALTHCARE, 2019-2028 (IN $ MILLION)

FIGURE 17. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY AEROSPACE & DEFENSE, 2019-2028 (IN $ MILLION)

FIGURE 18. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY MEDIA & ENTERTAINMENT, 2019-2028 (IN $ MILLION)

FIGURE 19. NORTH AMERICA ENCRYPTION SOFTWARE MARKET, BY OTHERS, 2019-2028 (IN $ MILLION)

FIGURE 20. NORTH AMERICA 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)

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