Summary

Encryption Software Market Growth & Trends

The global encryption software market size is expected to reach USD 44.55 billion by 2030, expanding at a CAGR of 16.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. 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.

Encryption Software Market Report Highlights

• 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

• 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 dominating the market

• The Asia Pacific is expected to expand at the fastest CAGR, owing to a lack of storage infrastructure, prompting organizations to store data on the cloud.

• 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

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Deployment
1.1.2. Application
1.1.3. End-Use
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Deployment outlook
2.2.2. Application outlook
2.2.3. End-Use outlook
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Encryption Software Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. Encryption Software Market Analysis Tools
3.4.1. Industry analysis - Porter’s Five Forces
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Encryption Software Market: Deployment Estimates & Trend Analysis
4.1. Encryption Software Market: Key Takeaways
4.2. Encryption Software Market: Deployment Movement & Market Share Analysis, 2022 & 2030
4.3. On-premise
4.3.1. On-premise market estimates and forecasts, 2017 to 2030 (USD Million)
4.4. Cloud-based
4.4.1. Cloud-based market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Encryption Software Market: Application Estimates & Trend Analysis
5.1. Encryption Software Market: Key Takeaways
5.2. Encryption Software Market: Application Movement & Market Share Analysis, 2022 & 2030
5.3. Disk Encryption
5.3.1. Disk-encryption software market estimates and forecasts, 2017 to 2030 (USD Million)
5.4. File/Folder Encryption
5.4.1. File/folder encryption software market estimates and forecasts, 2017 to 2030 (USD Million)
5.5. Database Encryption
5.5.1. Database encryption software market estimates and forecasts, 2017 to 2030 (USD Million)
5.6. Web Communication Encryption
5.6.1. Web communication encryption software market estimates and forecasts, 2017 to 2030 (USD Million)
5.7. Network Traffic Encryption
5.7.1. Network traffic encryption software market estimates and forecasts, 2017 to 2030 (USD Million)
5.8. Cloud Encryption
5.8.1. Cloud encryption software market estimates and forecasts, 2017 to 2030 (USD Million)
5.9. Others
5.9.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Encryption Software Market: End-use Estimates & Trend Analysis
6.1. Encryption Software Market: Key Takeaways
6.2. Encryption Software Market: End-use Movement & Market Share Analysis, 2022 & 2030
6.3. BFSI
6.3.1. BFSI market estimates and forecasts, 2017 to 2030 (USD Million)
6.4. IT & Telecom
6.4.1. IT & telecom market estimates and forecasts, 2017 to 2030 (USD Million)
6.5. Retail
6.5.1. Retail market estimates and forecasts, 2017 to 2030 (USD Million)
6.6. G&PA
6.6.1. G&PA market estimates and forecasts, 2017 to 2030 (USD Million)
6.7. Healthcare
6.7.1. Healthcare market estimates and forecasts, 2017 to 2030 (USD Million)
6.8. Defense & Aerospace
6.8.1. Defense & aerospace market estimates and forecasts, 2017 to 2030 (USD Million)
6.9. Education
6.9.1. Education market estimates and forecasts, 2017 to 2030 (USD Million)
6.10. Manufacturing
6.10.1. Manufacturing market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 7. Encryption Software Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Encryption Software Market by Region: Key Takeaways
7.3. North America
7.3.1. North America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.3.2. U.S.
7.3.2.1. U.S. market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.3.3. Canada
7.3.3.1. Canada market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.4. Europe
7.4.1. Europe market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.4.2. UK
7.4.2.1. UK market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.4.3. Germany
7.4.3.1. Germany market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.4.4. France
7.4.4.1. France market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.5. Asia Pacific
7.5.1. Asia Pacific Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.5.2. China
7.5.2.1. China market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.5.3. India
7.5.3.1. India market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.5.4. Japan
7.5.4.1. Japan market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.6. Latin America
7.6.1. Latin America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.6.2. Brazil
7.6.2.1. Brazil market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.6.3. Mexico
7.6.3.1. Mexico market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.7. MEA
7.7.1. MEA market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.7.2. United Arab Emirates (UAE)
7.7.2.1. United Aram Emirates (UAE) market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.7.3. Saudi Arabia
7.7.3.1. Saudi Arabia market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
7.7.4. South Africa
7.7.4.1. South Africa market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. Bloombase
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Cisco Systems, Inc.
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. Check Point Software Technologies Ltd.
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. Dell Inc.
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. IBM Corporation
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. McAfee, LLC
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Microsoft
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Oracle
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Sophos Ltd.
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. Broadcom
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
8.2.11. Trend Micro Incorporated
8.2.11.1. Company overview
8.2.11.2. Financial performance
8.2.11.3. Product benchmarking
8.2.11.4. Strategic initiatives
8.2.12. WinMagic
8.2.12.1. Company overview
8.2.12.2. Financial performance
8.2.12.3. Product benchmarking
8.2.12.4. Strategic initiatives