Encryption Software Market Size, Share & Trends Analysis Report By Deployment (On-Premise, Cloud), By Application (Disk, Cloud, Network Traffic Encryption), By End Use, And Segment Forecasts, 2019 - 2025

Published: Feb, 2019 | Pages: 125 | Publisher: Grand View Research
Industry: ICT | Report Format: Electronic (PDF)

The global encryption software market is likely to reach USD 8.74 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 16.8% during the forecast period. Software enterprises around the world are rapidly adopting encryption solutions to enhance business proficiency and improve data security. Rising concerns over data breaches and privacy compliance regulations, coupled with increasing adoption of modern technologies, including cloud, Internet of Things (IoT), virtualization, and mobility are expected to fuel product demand over the next few years.

These solutions safeguard privacy of the information stored in database and data in transit as per security requirements and compliance of any business organization. This renders information unreadable even to authorized person, thus improving the security of intimate data.

Presently, encryption has become a legal requirement for several businesses in different industries to comply with international and domestic laws. For instance, in the U.S., the Gramm-Leach-Bliley Act of 1999 (GLBA) makes it mandatory for organizations to safeguard consumer confidentiality or non-public personal data, which calls for securing data and is estimated to catapult the growth of the encryption software market over the forecast period.

Additionally, an organization’s reputation or brand image is a critical part of its marketing mix and hence requires strong protection. Data security is critical as a lot of confidential customer records are at risk of being leaked in seconds. It is imperative in maintaining customer loyalty and protecting enterprises’ brand reputation. Hence, the adoption of security solutions is on a rise to prevent any incidence of data loss, theft, or leak.

Further key findings from the study suggest:

• The BFSI segment is anticipated to witness healthy growth during the forecast period owing to aggressive adoption of encryption software in order to safeguard sensitive and confidential data

• In 2018, the on-premise segment held over 65.0% of the overall value. It is projected to experience substantial growth during the forecast period due to soaring need to improve security postures

• With rising adoption of disk coding software to secure laptops and desktop by encrypting all the data at rest on a hard drive, the disk encryption segment is poised to dominate the market through 2025

• The growth of the market in Europe can be attributed to recovering economic conditions, resulting in rapid growth of various end-use industries such as telecom, BFSI, retail, healthcare, and manufacturing

• The global encryption software market is fragmented with presence of several new and well-established players. Companies are emphasizing on product development in compliance with regulatory standards and evolving end-use requirements to stay competitive in the market

• A few key players in the market are Microsoft Corporation, Sophos, Bloombase, Intel Security (McAfee), Cisco Systems, EMC Corporations, Check Point Software Technologies, and Symantec Corporation.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope & Assumptions
                   1.3 List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Encryption Software Industry Outlook
                   3.1 Market Segmentation & Scope
                   3.2 Encryption Software - Market Size and Growth Prospects, 2014 - 2025
                   3.3 Encryption Software - Value Chain Analysis
                   3.4 Market Dynamics
                       3.4.1 Market driver analysis
                           3.4.1.1 Rising need to comply with external privacy or data security regulations
                           3.4.1.2 Growing data privacy concerns with the proliferation of IoT
                           3.4.1.3 Brand and business reputation
                           3.4.1.4 The rising need to protect the enterprise intellectual property
                       3.4.2 Market restraint/challenge analysis
                           3.4.2.1 Cost barriers
                   3.5 Encryption Software - Key Opportunities Prioritized
                   3.6 Encryption Software - Porter’s Five Forces Analysis
                       3.6.1. Supplier Power
                       3.6.2. Buyer Power
                       3.6.3. Substitution Threat
                       3.6.4. Threat from new entrant
                       3.6.5. Competitive rivalry
                   3.7 Encryption Software - PESTEL Analysis
                       3.7.1. Political Landscape
                       3.7.2. Environmental Landscape
                       3.7.3. Social Landscape
                       3.7.4. Technology Landscape
                       3.7.5 Evolution of Encryption
                   3.8 Email & Communication Threats
                   3.9 Percentage of Security Attacks by Type of Organization, 2012 - 2016
                   3.10 Regulatory Scenario
                       3.10.1 Encryption Regulations and Standards:
                           3.10.1.1 Payment Card Industry Data Security Standard (PCI DSS)
                           3.10.1.2 Gramm-Leach-Bliley Act (GLBA) - 1999
                           3.10.1.3 Sarbanes-Oxley Act (SOX) (US)
                           3.10.1.4 Basel II Accord
                           3.10.1.5 EURO-SOX
                           3.10.1.6 Health Insurance Portability & Accountability Act (HIPAA) of 1996 (U.S.)
                           3.10.1.7 95/46/EC European Union (EU) Directive
                           3.10.1.8 Personal Information Protection & Electronic Documents Act (PIPEDA) (Canada)
                   3.11 Application Landscape
                       3.11.1 BFSI
                       3.11.2 Healthcare
                       3.11.3 Retail
                       3.11.4 Education

Chapter 4 Market Categorization 1 - Deployment Estimates & Trend Analysis
                   4.1 Global Encryption Market Share by Deployment, 2018 & 2025 (USD Million)
                   4.2 On-premise
                       4.2.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       4.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   4.3 Cloud-based
                       4.3.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)

Chapter 5 Market Categorization 2 - Application Estimates & Trend Analysis
                   5.1 Global Encryption Market Share by Application, 2018 & 2025 (USD Million)
                   5.2 Disk encryption
                       5.2.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       5.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   5.3 File/folder encryption
                       5.3.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       5.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   5.4 Database encryption
                       5.4.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       5.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   5.5 Web communication encryption
                       5.5.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       5.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   5.6 Network traffic encryption
                       5.6.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       5.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   5.7 Cloud encryption
                       5.7.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       5.7.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   5.8 Others
                       5.8.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       5.8.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)

Chapter 6 Market Categorization 3 - End-Use Estimates & Trend Analysis
                   6.1 Global Encryption Market Share by End-Use, 2018 & 2025 (USD Million)
                   6.2 BFSI
                       6.2.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       6.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   6.3 IT & telecom
                       6.3.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       6.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   6.4 Retail
                       6.4.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       6.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   6.5 Government & public administration
                       6.5.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       6.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   6.6 Healthcare
                       6.6.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       6.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   6.7 Defense & aerospace
                       6.7.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       6.7.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   6.8 Education
                       6.8.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       6.8.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                   6.9 Manufacturing
                       6.9.1. Market estimates and forecast, 2014 - 2025 (USD Million) 
                       6.9.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)

Chapter 7 Market Categorization 4 - Regional Estimates & Trend Analysis
                   7.1 Global Encryption Software Market Share by Region, 2018 & 2025 (USD Million)
                   7.2 North America
                       7.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                       7.2.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                       7.2.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                       7.2.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.2.5 U.S.
                           7.2.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.2.5.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.2.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.2.5.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.2.6 Canada
                           7.2.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.2.6.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.2.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.2.6.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                   7.3 Europe
                       7.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                       7.3.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                       7.3.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                       7.3.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.3.5 U.K.
                           7.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.3.5.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.3.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.3.5.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.3.6 Germany
                           7.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.3.6.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.3.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.3.6.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.3.7 France
                           7.3.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.3.7.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.3.7.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.3.7.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                   7.4 Asia Pacific
                       7.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                       7.4.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                       7.4.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                       7.4.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.4.5 China
                           7.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.4.5.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.4.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.4.5.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.4.6 India
                           7.4.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.4.6.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.4.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.4.6.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.4.7 Japan
                           7.4.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.4.7.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.4.7.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.4.7.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                   7.5 Latin America
                       7.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                       7.5.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                       7.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                       7.5.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.5.5 Brazil
                           7.5.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.5.5.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.5.5.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.5.5.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                       7.5.6 Mexico
                           7.5.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                           7.5.6.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                           7.5.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                           7.5.6.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)
                   7.6 Middle East & Africa
                       7.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                       7.6.2. Market estimates and forecast by deployment, 2014 - 2025 (USD Million)
                       7.6.3. Market estimates and forecast by application, 2014 - 2025 (USD Million)
                       7.6.4. Market estimates and forecast by end use, 2014 - 2025 (USD Million)

Chapter 8 Competitive Landscape
                   8.1 Bloombase, Inc.
                       8.1.1 Company Overview
                       8.1.2 Financial Performance
                       8.1.3 Product Benchmarking
                       8.1.4 Strategic Initiatives
                   8.2 Cisco Systems, Inc.
                       8.2.1 Company Overview
                       8.2.2 Financial Performance
                       8.2.3 Product Benchmarking
                       8.2.4 Strategic Initiatives
                   8.3 Check Point Software Technologies Ltd.
                       8.3.1 Company Overview
                       8.3.2 Financial Performance
                       8.3.3 Product Benchmarking
                       8.3.4 Strategic Initiatives
                   8.4 EMC Corporation
                       8.4.1 Company Overview
                       8.4.2 Financial Performance
                       8.4.3 Product Benchmarking
                       8.4.4 Strategic Ventures
                   8.5 IBM Corporation
                       8.5.1 Financial Performance
                       8.5.2 Product Benchmarking
                       8.5.3 Strategic Initiatives
                   8.6 Intel Security (McAfee)
                       8.6.1 Financial Performance
                       8.6.2 Product Benchmarking
                       8.6.3 Strategic Initiatives
                   8.7 Microsoft Corporation
                       8.7.1 Company Overview
                       8.7.2 Financial Performance
                       8.7.3 Product Benchmarking
                       8.7.4 Strategic Initiatives
                   8.8 Oracle Corporation
                       8.8.1 Company Overview
                       8.8.2 Financial Performance
                       8.8.3 Product Benchmarking
                       8.8.4 Strategic Initiatives
                   8.9 Sophos Group PLC
                       8.9.1 Company Overview
                       8.9.2 Financial Performance
                       8.9.3 Product Benchmarking
                       8.9.4 Strategic Initiatives
                   8.10 Symantec Corp.
                       8.10.1 Company Overview
                       8.10.2 Financial Performance
                       8.10.3 Product Benchmarking
                       8.10.4 Strategic Initiatives
                   8.11 Trend Micro, Inc.
                       8.11.1 Company Overview
                       8.11.2 Financial Performance
                       8.11.3 Product Benchmarking
                       8.11.4 Strategic Initiatives
                   8.12 WinMagic, Inc.
                       8.12.1 Company Overview
                       8.12.2 Financial Performance
                       8.12.3 Product Benchmarking
                       8.12.4 Strategic Initiatives