Key players such as Microsoft Corporation, IBM Corporation, EMC Corporation, Symantec Corporation, Hewlett-Packard, Sophos, Trend Micro. Inc and Intel Corporation (McAfee) offer data protection solutions and services to enterprises and SMBs.
(PRWEB) February 06, 2015
The new market research report “Encryption Software Market - Global Forecast and Analysis 2019” defines and segments the global market into various sub segments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints for this market with insights on trends, opportunities and challenges.
Browse market data tables and 57 figures spread through 72 pages and in-depth TOC on “Encryption Software Market – Global Forecast and Analysis 2014 - 2019”
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The propagation of mobile devices across the world complemented with the ease in access to business content has comprehensively enhanced the employee efficiency. This has extensively led to the consumption and generation of vast amount of data that is transferred across these mobile devices such as smart phones, DVDs, USBs and vice versa. However, this has made this data susceptible to cyber-attacks, commercial espionage, threats and loss. Thus, to defend their sensitive and critical content, protect the authenticity of the data and evade breach of privacy, the enterprises, Small and Medium Businesses (SMBs) categorically consider encryption software solutions within their organizations. Since, the prevalent anti-virus and firewalls across companies offer the basic level of security to the content, the need for comprehensive security solution ranging from disks, file/folder, databases and communication to cloud are demanded globally.
There has been a continual technological advancement related to data accessibility techniques. With the large scale usage of mobile devices for accessing and transmitting organizational content, companies have been comprehensively leveraged in making timely and informed organizational decisions. In addition, the widespread embracement of cloud, social media and internet has further improved business functioning along with increasing the data being generated and accessed through mobile devices. These pervasive progressions and ease of data accessibility have boosted the profitability and increased the business efficiency. However, this data that resides within the companies and which constantly travels over the business networks through emails and or is stored in cloud becomes vulnerable to tampering, attacked, misuse and loss. To cohesively protect this sensitive content, the enterprises and SMBs have been primarily considering the implementation of encryption solutions ranging from disks, file/folder, databases and communication to cloud. These encryption solutions provision comprehensive security to business data that is within the organizations, in cloud and which travels beyond the companies through various means including emails, messages and mobile devices. These solutions safeguard the valuable data of the businesses from commercial espionage, cyber-attacks, fraudulent activities and privacy breaches. In addition, these encryption solutions also prevent unauthorized access and provide advanced and customized encryption for superior protection of data.
Further, these encryption solutions are expansively embraced for provisioning of continual security to large organizational content accessed and transmitted across diverse devices regardless of location. These encryption solutions can be customized to address the business needs of the SMBs and enterprises and are easily deployed on the cloud and on-premises. Currently, hosted encryption software is largely being adopted by the users to comprehensively secure their content from threats and perils of loss. Further, the commencement and provision of these prevalent encryption solutions has enabled the encryption software vendors, third-party providers and cloud vendors to offer exclusively customized encryption solutions precisely addressing the needs of the businesses. Thus, encryption plays the crucial role in protecting the data, which forms the most valuable and sensitive assets for the companies along with securing the privacy of its employees.
The major vendors of the global encryption software market are Microsoft Corporation, Symantec Corporation, Intel Corporation, and Check Point Software Technologies Ltd. The major forces driving this market are the presence of a dynamic business environment, increasing cyber-attacks, growing concern about data loss among the companies and obligatory need for adhering with standards.
MarketsandMarkets broadly segments the Encryption Software Market by regions: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA); by applications: Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption and Cloud Encryption; by deployment types: cloud and on-premises; by user types: enterprise and SMB; by industry verticals: BFSI, healthcare, government and public sector, telecom, retail, aerospace, defense and others.
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MarketsandMarkets forecasts the global Encryption Software Market to grow from $1.85 billion in 2014 to $4.82 billion by 2019, at a CAGR of 21.4%. In terms of regions, NA is expected to be the biggest market in terms of market size, whereas Europe and APAC are expected to experience increased market traction, during the forecast period.
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