Allied Market Research has recently published a report, titled, “Global encryption software market”. According to the study the global encryption software industry is expected to register a CAGR of 14.2% during the period, 2014–2022. In addition, it is anticipated to garner $2.5 billion by 2021.
Portland, OR -- (SBWIRE) -- 08/30/2017 -- It classifies the industry into usage, industry verticals, and geography. It covers various dynamics of the market, such as drivers and challenges, opportunities, and challenges.
The experts observe that the global encryption software market would gain prominence as one of the end point security solutions. The report suggests that North America would be the leading contributor during the forecast period. It is due to the fact that the industry witnesses higher adoption of end-point security solutions among organization. Furthermore, it holds high prevalence in data protection & compliance regulations. However, it is expected in the report that Asia-Pacific region would to grow at the fastest rate, due to rise in penetration of cloud computing and workforce mobility.
Get Sample copy @ https://www.alliedmarketresearch.com/request-sample/1100
Based on verticals, the research classifies the global encryption market into financial sector, public sector, and healthcare. According to it, the industry finds its application in data at rest and data at transit. It further splits data at rest into full disc encryption (FDE) and file Level Encryption (FLE). It also outlines that data-at-rest encryption software segment accounted for approximately 93.4% of the total encryption software market by value in 2014. As per it, full disk encryption segment is the most widely distributed method for data protection against theft. It also ensures compliance with data privacy and data breach notification laws. FDE is preferred over the FLE mainly due to its two major advantages, viz. complete security and ease of deployment & management. Geographically, the study segments the industry into North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA).
Key findings of Encryption Software Market:
At present, data-at-rest division of the market accounts for the major share in comparison to the encryption software for data-in-transit (email).
Full disk encryption (FDE) would continue to hold the majority of share vis-a-vis file level encryption (FLE), throughout the forecast period.
Based on the geographic analysis, North America presently is the highest revenue-generating region and would continue to maintain this trend during 2015-2021.
The use of encryption software market is widespread in the financial sector, which contributes approximately 44.2% share of total encryption software market revenue in 2014.
The encryption software market is highly adopted in large enterprises in comparison to the small- and medium-sized businesses.
Browse full Report @ https://www.alliedmarketresearch.com/world-encryption-software-market
Owing to the rapidly increasing adoption of cloud services across various sectors, organizations are inclined towards adopting encryption solutions to ensure data security and compliance with the data privacy regulations. The key players profiled in this report are Symantec Corporation, Sophos Holdings Ltd., McAfee, Inc., Check Point Software Technologies, Proofpoint, and Trend Micro. Its other prominent industry players are Google, Facebook, Microsoft, Apple, Verizon, Yahoo, Silent Circle, Per Damballa, Amazon, SurfRight, JPMorgan, Jafco Ventures, CipherCloud, PerspecSys and San Jose, WhatsApp, Open Whisper Systems, Geeksphone, WhisperSystems, Cyberoam Technologies, ForeScout Technologies, Stonesoft Oyj, KoolSpan and LiveOffice.
The report on the global encryption market offers its comprehensive analysis in terms of present and future industry trends. It incorporates Porter's Five Forces Analysis and SWOT to illustrate potential of the industry. This would aid buyers and suppliers to participate in the market.