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Encryption Software Market Report by Component, Deployment Model, Organization Size, Function, Industry Vertical, and Region 2024-2032

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    Report

  • 137 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5912136
Description Jump to:
The global encryption software market size reached US$ 14.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 45.0 Billion by 2032, exhibiting a growth rate (CAGR) of 13.85% during 2023-2032.

Encryption software is a program that relies on data encryption algorithms to protect sensitive data at rest or in transit. It allows the encryption of the content of a data object, file, network, or application, and laptops, tablets, and removable media. It assists in providing complete data protection, maintaining integrity, and ensuring security across multiple devices and safe transportation of data. As it also aids in streamlining the operations of an organization’s applications and workflows, its demand is escalating around the world.

Encryption Software Market Trends:

Due to the growing trend of the Internet of Things (IoT) and Bring Your Own Device (BYOD) among enterprises, there is a significant rise in data security concerns, such as cyberattacks, data breaches, commercial espionage, and theft and losses. This represents one of the key factors catalyzing the demand for encryption software to protect sensitive data and ensure compliance worldwide. Apart from this, as enterprises are increasingly adopting cloud computing, there is a considerable need for safeguarding data. This, in confluence with the growing penetration of high-speed internet and surging sales of smartphones across the globe, is positively influencing the market.

Furthermore, several industry verticals, including the banking, financial services, and insurance (BFSI) and the healthcare sectors, are complying with payment card industry data security standard (PCI DSS) and the health insurance portability and accountability act (HIPPA). These regulations require the implementation of a data security solution, which is acting as another growth-inducing factor. Other major factors, including the expanding information and technology (IT) and telecom sector and advancements in mobile technology worldwide, are anticipated to drive the market further in the upcoming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global encryption software market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, deployment model, organization size, function and industry vertical.

Breakup by Component:

  • Software
  • Services

Breakup by Deployment Model:

  • On-premises
  • Cloud-based

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium Enterprises

Breakup by Function:

  • Disk Encryption
  • Communication Encryption
  • File and Folder Encryption
  • Cloud Encryption

Breakup by Industry Vertical:

  • BFSI
  • Aerospace and Defence
  • IT and Telecom
  • Media and Entertainment
  • Government and Public
  • Retail
  • Healthcare
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc), Check Point Software Technologies Ltd., Cisco System Inc., Fortinet Inc., F-Secure, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Palo Alto Networks Inc. and Trend Micro Incorporated.

Key Questions Answered in This Report:

  • How has the global encryption software market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global encryption software market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment model?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the function?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global encryption software market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Encryption Software Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Model
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Large Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Small and Medium Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Function
9.1 Disk Encryption
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Communication Encryption
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 File and Folder Encryption
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Cloud Encryption
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Industry Vertical
10.1 BFSI
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Aerospace and Defence
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 IT and Telecom
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Media and Entertainment
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Government and Public
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Retail
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Healthcare
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Others
10.8.1 Market Trends
10.8.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Amazon Web Services Inc. (Amazon.com Inc)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 SWOT Analysis
16.3.2 Check Point Software Technologies Ltd.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Cisco System Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Fortinet Inc.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 F-Secure
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 International Business Machines Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Microsoft Corporation
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Oracle Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Palo Alto Networks Inc.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Trend Micro Incorporated
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Encryption Software Market: Major Drivers and Challenges
Figure 2: Global: Encryption Software Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Encryption Software Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Encryption Software Market: Breakup by Component (in %), 2023
Figure 5: Global: Encryption Software Market: Breakup by Deployment Model (in %), 2023
Figure 6: Global: Encryption Software Market: Breakup by Organization Size (in %), 2023
Figure 7: Global: Encryption Software Market: Breakup by Function (in %), 2023
Figure 8: Global: Encryption Software Market: Breakup by Industry Vertical (in %), 2023
Figure 9: Global: Encryption Software Market: Breakup by Region (in %), 2023
Figure 10: Global: Encryption Software (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Encryption Software (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Encryption Software (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Encryption Software (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Encryption Software (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Encryption Software (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Encryption Software (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Encryption Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Encryption Software (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Encryption Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Encryption Software (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Encryption Software (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Encryption Software (Disk Encryption) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Encryption Software (Disk Encryption) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Encryption Software (Communication Encryption) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Encryption Software (Communication Encryption) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Encryption Software (File and Folder Encryption) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Encryption Software (File and Folder Encryption) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Encryption Software (Cloud Encryption) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Encryption Software (Cloud Encryption) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Encryption Software (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Encryption Software (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Encryption Software (Aerospace and Defence) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Encryption Software (Aerospace and Defence) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Encryption Software (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Encryption Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Encryption Software (Media and Entertainment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Encryption Software (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Encryption Software (Government and Public) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Encryption Software (Government and Public) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Encryption Software (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Encryption Software (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Encryption Software (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Encryption Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Global: Encryption Software (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Global: Encryption Software (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: North America: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: North America: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: United States: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: United States: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Canada: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Canada: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Asia-Pacific: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Asia-Pacific: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: China: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: China: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Japan: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Japan: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: India: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: India: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: South Korea: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: South Korea: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Australia: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Australia: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Indonesia: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Indonesia: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Europe: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Europe: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Germany: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Germany: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: France: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: France: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: United Kingdom: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: United Kingdom: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Italy: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Italy: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Spain: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Spain: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Russia: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Russia: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Others: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Others: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Latin America: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Latin America: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Brazil: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Brazil: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Mexico: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Mexico: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Others: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Others: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Middle East and Africa: Encryption Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 93: Middle East and Africa: Encryption Software Market: Breakup by Country (in %), 2023
Figure 94: Middle East and Africa: Encryption Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 95: Global: Encryption Software Industry: SWOT Analysis
Figure 96: Global: Encryption Software Industry: Value Chain Analysis
Figure 97: Global: Encryption Software Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Encryption Software Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Encryption Software Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Encryption Software Market Forecast: Breakup by Deployment Model (in Million US$), 2024-2032
Table 4: Global: Encryption Software Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
Table 5: Global: Encryption Software Market Forecast: Breakup by Function (in Million US$), 2024-2032
Table 6: Global: Encryption Software Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 7: Global: Encryption Software Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Encryption Software Market: Competitive Structure
Table 9: Global: Encryption Software Market: Key Players

Companies Mentioned

  • Amazon Web Services Inc. (Amazon.com Inc)
  • Check Point Software Technologies Ltd.
  • Cisco System Inc.
  • Fortinet Inc.
  • F-Secure
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Palo Alto Networks Inc.
  • Trend Micro Incorporated

Methodology

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Table Information

Report AttributeDetails
No. of Pages137
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 14 Billion
Forecasted Market Value ( USD ) by 2032 $ 45 Billion
Compound Annual Growth Rate13.9%
Regions CoveredGlobal
No. of Companies Mentioned10

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