Albany, NY -- (SBWIRE) -- 01/29/2019 -- Software companies around the world have been rapidly adopting encryption software to boost business proficiency and improve data security. Software-based encryption is one of the fastest-emerging solutions for end-point data security. The growing concerns of data breaches and privacy compliance regulations are making companies keener to adopt software-based encryption solutions to achieve compliance, improved data security, and better flexibility in operations. Additionally, the global market for encryption software is also gaining impetus from the increasing adoption of the latest technologies such as cloud, virtualization, and mobility.

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A staggering amount of data is generated on a daily basis with the growing incorporation of mobile and cloud-based devices across enterprises, thereby increasing apprehensions related to data security. Additionally, organizations have become more vulnerable to data breach, loss, theft, cyber-attacks, and commercial espionage. Hence, companies have begun prioritizing data security more than ever with the escalating strength of commercial espionage across industries.

Additionally, while the widespread adoption of personal computers has in many ways made life simpler, it has also widened the scope for security breaches. The surging number of computer hackers attempting to break into organizational, industrial, or government networks with the intent of pilfering essential information for monetary gains has been the primary reason behind the increasing adoption of encryption software.

Additionally, the growing trend of bring your own device (BYOD) policies at work and increased penetration of mobile devices across enterprises have augmented the risk of data loss among organizations. This has, in turn, made implementing encryption software imperative for secure data transmission.

The business ecology around the world is becoming more dynamic in response to the growing receptivity toward the latest technologies, such as social media, cloud, and mobility, thus increasing the volume of the data generated across these enterprises. This increasing uptake of mobile devices across enterprises further makes critical data susceptible to loss and theft. Encryption software solutions are therefore increasingly demanded across organizations for safeguarding business data.

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