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Europe Encryption Software Market Size, Share & Trends Analysis Report by Deployment Mode (On-Premises, and Cloud-Based), Enterprise Size, Application, End Use Industry, Country and Growth Forecast, 2024-2031

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    Report

  • 158 Pages
  • November 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6026197
The Europe Encryption Software Market is expected to witness market growth of 15.6% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Encryption Software Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.89 billion by 2031. The UK market is experiencing a CAGR of 14.6% during 2024-2031. Additionally, the France market is expected to exhibit a CAGR of 16.7% during 2024-2031.



Advances in encryption technology itself have propelled the market forward. Traditional encryption algorithms, such as the Data Encryption Standard (DES), have been replaced by more secure and efficient standards like the Advanced Encryption Standard (AES), elliptic curve cryptography (ECC), and post-quantum cryptography. AES-256, for example, offers robust protection with a 256-bit key length, making it resilient against brute-force attacks. ECC enables strong encryption with smaller key sizes, translating to faster processing and less strain on computational resources - an attractive quality for applications with high-performance requirements, like IoT and mobile devices.

Additionally, with the looming advent of quantum computing, which could theoretically break current encryption standards, there is growing interest in quantum-resistant algorithms. Organizations that value long-term data security are already exploring quantum-safe encryption to future-proof their data protection strategies.

Germany has also seen substantial growth in demand for encryption software, especially within the healthcare sector, driven by the country’s ongoing digital transformation in health services. According to Germany Trade & Invest, Germany’s digital health industry is projected to reach EUR 57 billion by 2025, emphasizing the need for secure data handling as healthcare providers manage significant volumes of sensitive patient information. Germany has become a primary target for cyberattacks as a result of its extensive data management, which has prompted healthcare organizations to implement encryption solutions to safeguard patient privacy and ensure adherence to rigorous data protection standards. As digitalization intensifies across sectors, encryption software is increasingly vital in safeguarding data across Germany’s healthcare industry. Hence, this region-wide commitment to data security positions Europe as a leading market for encryption software.

List of Key Companies Profiled

  • Broadcom, Inc.
  • Trend Micro, Inc.
  • Oracle Corporation
  • Microsoft Corporation
  • Sophos Group PLC (Thoma Bravo)
  • McAfee Corp.
  • Cisco Systems, Inc.
  • Check Point Software Technologies Ltd.
  • Dell Technologies, Inc.
  • IBM Corporation

Market Report Segmentation

By Deployment Mode

  • On-Premises
  • Cloud-Based

By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

By Application

  • Disk Encryption
  • Database Encryption
  • File/Folder Encryption
  • Cloud Encryption
  • Network Traffic Encryption
  • Web Communication Encryption
  • Other Application

By End Use Industry

  • BFSI
  • IT & Telecom
  • Government & Public Administration (G&PA)
  • Retail
  • Healthcare
  • Defense & Aerospace
  • Manufacturing
  • Education & Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Encryption Software Market, by Deployment Mode
1.4.2 Europe Encryption Software Market, by Enterprise Size
1.4.3 Europe Encryption Software Market, by Application
1.4.4 Europe Encryption Software Market, by End Use Industry
1.4.5 Europe Encryption Software Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Recent Strategies Deployed in Encryption Software Market
4.3 Porter Five Forces Analysis
Chapter 5. Europe Encryption Software Market by Deployment Mode
5.1 Europe On-Premises Market by Country
5.2 Europe Cloud-Based Market by Country
Chapter 6. Europe Encryption Software Market by Enterprise Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe Small & Medium Enterprises (SMEs) Market by Country
Chapter 7. Europe Encryption Software Market by Application
7.1 Europe Disk Encryption Market by Country
7.2 Europe Database Encryption Market by Country
7.3 Europe File/Folder Encryption Market by Country
7.4 Europe Cloud Encryption Market by Country
7.5 Europe Network Traffic Encryption Market by Country
7.6 Europe Web Communication Encryption Market by Country
7.7 Europe Other Application Market by Country
Chapter 8. Europe Encryption Software Market by End Use Industry
8.1 Europe BFSI Market by Country
8.2 Europe IT & Telecom Market by Country
8.3 Europe Government & Public Administration (G&PA) Market by Country
8.4 Europe Retail Market by Country
8.5 Europe Healthcare Market by Country
8.6 Europe Defense & Aerospace Market by Country
8.7 Europe Manufacturing Market by Country
8.8 Europe Education & Others Market by Country
Chapter 9. Europe Encryption Software Market by Country
9.1 Germany Encryption Software Market
9.1.1 Germany Encryption Software Market by Deployment Mode
9.1.2 Germany Encryption Software Market by Enterprise Size
9.1.3 Germany Encryption Software Market by Application
9.1.4 Germany Encryption Software Market by End Use Industry
9.2 UK Encryption Software Market
9.2.1 UK Encryption Software Market by Deployment Mode
9.2.2 UK Encryption Software Market by Enterprise Size
9.2.3 UK Encryption Software Market by Application
9.2.4 UK Encryption Software Market by End Use Industry
9.3 France Encryption Software Market
9.3.1 France Encryption Software Market by Deployment Mode
9.3.2 France Encryption Software Market by Enterprise Size
9.3.3 France Encryption Software Market by Application
9.3.4 France Encryption Software Market by End Use Industry
9.4 Russia Encryption Software Market
9.4.1 Russia Encryption Software Market by Deployment Mode
9.4.2 Russia Encryption Software Market by Enterprise Size
9.4.3 Russia Encryption Software Market by Application
9.4.4 Russia Encryption Software Market by End Use Industry
9.5 Spain Encryption Software Market
9.5.1 Spain Encryption Software Market by Deployment Mode
9.5.2 Spain Encryption Software Market by Enterprise Size
9.5.3 Spain Encryption Software Market by Application
9.5.4 Spain Encryption Software Market by End Use Industry
9.6 Italy Encryption Software Market
9.6.1 Italy Encryption Software Market by Deployment Mode
9.6.2 Italy Encryption Software Market by Enterprise Size
9.6.3 Italy Encryption Software Market by Application
9.6.4 Italy Encryption Software Market by End Use Industry
9.7 Rest of Europe Encryption Software Market
9.7.1 Rest of Europe Encryption Software Market by Deployment Mode
9.7.2 Rest of Europe Encryption Software Market by Enterprise Size
9.7.3 Rest of Europe Encryption Software Market by Application
9.7.4 Rest of Europe Encryption Software Market by End Use Industry
Chapter 10. Company Profiles
10.1 Broadcom, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 Trend Micro, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental Analysis
10.2.4 SWOT Analysis
10.3 Oracle Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent Strategies and Developments
10.3.5.1 Product Launches and Product Expansions
10.3.6 SWOT Analysis
10.4 Microsoft Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent Strategies and Developments
10.4.5.1 Product Launches and Product Expansions
10.4.6 SWOT Analysis
10.5 Sophos Group PLC (Thoma Bravo)
10.5.1 Company Overview
10.5.2 Recent Strategies and Developments
10.5.2.1 Product Launches and Product Expansions
10.5.3 SWOT Analysis
10.6 McAfee Corp.
10.6.1 Company Overview
10.6.2 SWOT Analysis
10.7 Cisco Systems, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent Strategies and Developments
10.7.5.1 Partnerships, Collaborations & Agreements
10.7.6 SWOT Analysis
10.8 Check Point Software Technologies Ltd.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 SWOT Analysis
10.9 Dell Technologies, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 SWOT Analysis
10.10. IBM Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional & Segmental Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent Strategies and Developments
10.10.5.1 Partnerships, Collaborations & Agreements
10.10.5.2 Product Launches and Product Expansions
10.10.6 SWOT Analysis

Companies Mentioned

Some of the leading companies profiled in this Europe Encryption Software Market report include:
  • Broadcom, Inc.
  • Trend Micro, Inc.
  • Oracle Corporation
  • Microsoft Corporation
  • Sophos Group PLC (Thoma Bravo)
  • McAfee Corp.
  • Cisco Systems, Inc.
  • Check Point Software Technologies Ltd.
  • Dell Technologies, Inc.
  • IBM Corporation

Methodology

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