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.

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

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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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