About Encryption Software
Encryption software is a cryptographic program that avoids unauthorized access to digital data. Cryptography is used primarily to protect data digital information. This digital information is sent over the Internet to other computers. Portable document format is one of the world's most widely used file formats and to maintain the privacy of records, this file format supports the encryption of files. Portable document format encryption is an important desktop tool that allows the user to change the security of existing acrobat portable document format files by password. This ensures that with 128-bit encryption users can secure portable document format files and also users can easily remove existing password protection.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
CAGR | 18.1% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Encryption Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Microsoft (United States), Symantec (United States), Thales e-Security (France), Trend Micro (Japan), Sophos (United Kingdom), Check Point (Israel), Micro Focus (United Kingdom), McAfee (United States) and Dell (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are WinMagic (United States), ESET (United States), Cryptomathic (Denmark), Bitdefender (Romania), Stormshield (France), CipherCloud (United States), Palo Alto Networks (United States), Proofpoint, Inc. (United States) and RSA Security LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Encryption Software market by Type (Encryption for Data-at-rest, Full Disc Encryption (FDE), File Level Encryption and Others), Application (Disk Encryption, File/Folder Encryption, Data Base Encryption, Web Communication Encryption, Network Traffic Encryption, Cloud Encryption and Others) and Region.
On the basis of geography, the market of Encryption Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Deployment Mode, the sub-segment i.e. On-premises will boost the Encryption Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Small and Medium-sized Enterprises (SMEs) will boost the Encryption Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical , the sub-segment i.e. BFSI will boost the Encryption Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Encryption Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the Number and Complexity of Data Breaches as well as Compliance Regulations
Market Growth Drivers:
Growing Concerns Pertaining to Loss of Critical Data and A rise in cloud and virtualization technology adoption
Challenges:
Issue related to Lack of Skilled Workforce among Enterprises and Difficulties in Effective Management as well as Usage of the Encryption Key
Restraints:
Availability of Free, Open Source, as well as Pirated Encryption Software
Opportunities:
Growing Demand for Integrated Data Protection Solutions as well as Eaas among SMES
Market Leaders and their expansionary development strategies
In September 2022, SandboxAQ, an enterprise SaaS company delivering the compound effects of AI and Quantum tech (AQ) to governments and the Global 1000, has acquired Cryptosense, a leading cybersecurity and encryption analysis software company. SandboxAQ's acquisition comes just weeks after the company unveiled its Strategic Investment Program and initial investment in evolutionQ.
In December 2023, Cypherix has the new released 17.0.2 of Cryptainer encryption software. Version 17.0.2 contains several major enhancements: Added Shred External option that allows you to securely delete the originals files, after copying them into Cryptainer vault. Significant UI improvements. Cryptainer can handle any kind of data on any medium. It creates encrypted volume files that can be loaded and unloaded to appear as drives on Windows. These virtual drives store the user's sensitive information in encrypted form.
Key Target Audience
Encryption Software Manufactures, Government Associations, Market Research and Consulting Firms, Government Regulatory Authorities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.