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Encryption Software Market to Reach $8.4 Billion by 2024 - Key Players are Bloombase, Cisco Systems & Sophos Group - Research and Markets

Research and Markets has announced the addition of the "Encryption Software Market Analysis By Deployment, By Application, By End-Use And Segment Forecasts To 2024" report to their offering.

The global encryption software market is expected to reach USD 8.4 billion by 2024. Organization vulnerabilities are on a rise with enterprises working through the dis-aggregated point solutions and a multitude of management platforms, which is anticipated to drive the encryption software market over the forecast period.

Encryption software enables the protection of confidentiality of the information stored in the database and data in transit as per the compliance and security requirements of any organization. This renders the data unreadable even to the authorized person, thereby enhancing the security of confidential data. Publicized data loss together with new governance and compliance regulations is expected to drive the need for customers to encrypt data. Organizational best practices point towards data encryption as a key solution for data privacy. However, the lack of budget is the key reason cited by organizations for being unable to make extensive investments in encryption solutions and this is presumed to challenge the industry demand.

Europe is estimated to witness a modest growth over the forecast period, which is primarily attributed to the recovering economy resulting in demand across several end-use industries including retail, BFSI, manufacturing, healthcare, and telecom. The IT upgrades in the existing infrastructure are anticipated to spur the product demand over the next eight years.

Companies Mentioned:

  • Bloombase, Inc.
  • Cisco Systems, Inc.
  • Check Point Software Technologies Ltd.
  • EMC Corporation
  • IBM Corporation
  • Intel Security (McAfee)
  • Microsoft Corporation
  • Oracle Corporation
  • Sophos Group PLC
  • Symantec Corp.
  • Trend Micro, Inc.
  • WinMagic, Inc.

Key Topics Covered:

1 Methodology and Scope

2 Executive Summary

3 Encryption Software Industry Outlook

4 Market Categorization 1 - Deployment Estimates & Trend Analysis

5 Market Categorization 2 - Application Estimates & Trend Analysis

6 Market Categorization 3 - End-Use Estimates & Trend Analysis

7 Market Categorization 4 - Regional Estimates & Trend Analysis

8 Competitive Landscape

For more information about this report visit http://www.researchandmarkets.com/research/wgxgg5/encryption

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