(MENAFNEditorial) iCrowdNewswire - Mar 22, 2018
According to Stratistics MRC, the Global Encryption Software Market is accounted for $3.0 billion in 2016 and is expected to reach $12.51 billion by 2023 growing at a CAGR of 22.6% during the forecast period. Growing mobility, rising concerns related to data loss and strict regulatory standards are some of the factors favoring the market growth. In addition rising Bring Your Own Device (BYOD) trend in organizations, and rapid adoption of cloud technologies are fuelling the market growth during the forecast period. However, dearth of awareness is anticipated to hamper the market growth.
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By Industry, BFSI segment is anticipated to grow at a significant CAGR attributed to increasing number of cyber-attacks. Telecom & IT segment is witnessing higher growth rate during the forecast period. The growth is accounted for high threat from hackers, growing penetration of smartphones. By geography, North America commanded the market, followed by Europe. Largest market share of North America is attributed to the stringent regulations regarding data privacy compliance and growing adoption of cloud and mobility technologies. Asia Pacific is projected to register higher growth rate during the forecast period.
Some of the key players in Encryption Software market include IBM Corporation, EMC Corporation, Checkpoint Software Technologies, Intel Corporation, Trend Micro, Inc., Microsoft Corporation, SAS Institute, Inc., Sophos Ltd., Winmagic, Inc, Symantec Corporation, Cisco Systems Inc., Hewlett-Packard, Dell, Eset, and Gemalto.
Component Types Covered:
Services
Solution
Deployment Types Covered:
On-Premise Deployment
Cloud Deployment
Applications Covered:
Communication Encryption
Disk Encryption
Database Encryption
Cloud Encryption
File/Folder Encryption
Network traffic encryption
Web communication encryption
Other Applications
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Organization Sizes Covered:
Large Enterprises
Small and Medium-Sized Enterprises
Industries Covered:
Government & Public Sector
Aerospace & Defense
Banking, Financial Services, and Insurance
Retail
Healthcare
Telecom & IT
Other Industries
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Major Points From The Table Of Contents:
Executive Summary
Preface
Market Trend Analysis
Porters Five Force Analysis
Global Encryption Software Market, By Component
Global Encryption Software Market, By Deployment Type
Global Encryption Software Market, By Application
Global Encryption Software Market, By Organization Size
Global Encryption Software Market, By Industry
Global Encryption Software Market, By Geography
Key Developments
Company Profiling
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