Encryption Software Market Latest Industry Growth, Trends, Revenue, Key Suppliers and Demand Projections by 2026, Fortune Business Insights
An urgent need to protect sensitive data amongst the organizations is expected to boost the global encryption software market during the forecast period. According to an upcoming report by Fortune Business Insights, titled, "Encryption Software Market Size", Share and Global Trend By Component (Software, Services, Support and Maintenance, Training and Education), By Deployment (On-premise, Cloud), By Applications (Database encryption, Cloud-based communication encryption, Network traffic encryption), By Organization Size (SMEs, Large Enterprises), By Vertical (Banking, Financial Services, and Insurance, IT and Telecom, Government, others), and Geography Forecast till 2028,” one of the main reasons for the adoption of encryption software is to curb instances of hackers trying to breaking into government, industrial, and institutional networks with the aim of stealing confidential data for financial gains.
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Fortune Business Insights profiles some of the prominent market players operating in the global encryption software market. They are as follows:
- Symantec
- Microsoft Corporation
- Bloombase
- Check Point Software Technologies
- IBM Corporation
- Trend Micro
- Intel Security
- EMC Corporation
- Sophos Technologies
- Cisco Systems
Presence of Well-established Economies to Favor Growth in North America
Geographically, the global encryption software market is divided into the Asia Pacific, Latin America, Europe, the Middle East, and Africa, and North America. Amongst these regions, North America is anticipated to hold a major portion of the global encryption software market in the coming years. It is likely to occur due to the ongoing developments in the field of encryption software solutions. Several countries in the region possess well-developed economies, which in turn, is enabling the encryption software suppliers to invest huge sums in advanced and novel techniques. Due to the presence of multiple IT companies, North America is considered to be one of the biggest centers of innovation. Those IT companies are slowly adopting various development policies to strengthen their position in the global market.
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Segmentation
1. By Component
- Software
- Services
- Managed
- Professional
- Support and Maintenance
- Training and Education
- Consulting
2. By Deployment
- On-premise
- Cloud
3. By Applications
- Database encryption
- File/folder encryption
- Cloud-based communication encryption
- Network traffic encryption
4. By Organization Size
- SMEs
- Large Enterprises
5. By Vertical
- Banking, Financial Services, and Insurance
- IT and Telecom
- Government
- Healthcare
- Education
- Travel and Hospitality
- Defense and aerospace
- others
6. By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
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IBM Launches New Hybrid Cloud Offerings to Provide More Security and Protection
IBM, a multinational information technology company, based in New York, unveiled its new hybrid cloud offerings in February 2021. The cloud would aid businesses in managing, integrating, and migrating workloads and applications effortlessly and with security across any private or public cloud as well as on-premise IT environment. According to the estimation of the IBM Institute for Business Value, approximately 98% of the organizations surveyed plan to adopt hybrid architecture by 2021. Amongst them, only 38% will own the tools and procedures required to operate in that particular environment. Nowadays, this process is very challenging, as there is a lack of persistent integration and management tools. IBM launched the new cloud offering to support the organizations in navigating through the complications of this new landscape. The solution possesses the following characteristics:
- It provides advice on holistic cloud strategies.
- It offers industry-leading security for applications and data in the public cloud.
- It makes the management of resources hassle-free across cloud environments.
- It decreases the complexity and time needed to launch new applications and services in a secure and consistent manner.
Symantec Unveils On-premises Virtual Appliance for Dedicated SSL/TLS Inspection
Key Industry Developments
- FebIBM announced new hybrid cloud offerings to assist companies to move, integrate and handle apps and workloads seamlessly and securely across any government or private cloud and on-site IT environment.
- June 2021 Symantec's industry-leading solution for encrypted traffic management now available as a virtual Application that enables the users to view the decrypted data, and provides a wide variety of security tools to protect the data.
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Major Table of Content ForEncryption SoftwareMarket:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities, and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- PESTLE Analysis
- Porter’s Five Force Analysis
- Supply chain Analysis
- Global Encryption Software Key Players Market Share Insights and Analysis, 2019
- Key Market Insights and Strategic Recommendations
- Primary Interviewee’s Key Responses
- Companies Profiled
- Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details (Key details are subjected to data available in the public domain and/or on paid databases)
- Employee Size
- Key Financials
- Past and Current Revenue
- Gross Margin
- Geographical Share
- Business Segment Share
- Recent Developments
- Overview
- Annexure/Appendix
- Global Encryption Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- By Component (Value)
- Software
- Services
- By Application (Value)
- Disk Encryption
- Database Encryption
- Cloud Encryption
- Folder Encryption
- Others (EndPoint Encryption, Communication Encryption, Etc.)
- By Enterprise Size (Value)
- Large Enterprises
- Small and Medium-Sized Enterprises (SMEs)
- By Deployment Model (Value)
- On-Premises
- Cloud
- By Industry Vertical (Value)
- IT and Telecommunications
- Banking, Finance, Security, and Insurance (BFSI)
- Healthcare and Life Sciences
- Manufacturing
- Retail
- Government
- Energy and Utilities
- Others (Oil and Gas, Etc.)
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- By Component (Value)
- Global Encryption Software Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
https://www.fortunebusinessinsights.com/press-release/global-encryption-software-market-10401
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