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COVID-19
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Encryption Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global encryption software market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Encryption software is a program that relies on data encryption algorithms to protect sensitive data at rest or in transit. It allows the encryption of the content of a data object, file, network, or application, and laptops, tablets, and removable media. It assists in providing complete data protection, maintaining integrity, and ensuring security across multiple devices and safe transportation of data. As it also aids in streamlining the operations of an organization’s applications and workflows, its demand is escalating around the world.

Encryption Software Market Trends:

Due to the growing trend of the Internet of Things (IoT) and Bring Your Own Device (BYOD) among enterprises, there is a significant rise in data security concerns, such as cyberattacks, data breaches, commercial espionage, and theft and losses. This represents one of the key factors catalyzing the demand for encryption software to protect sensitive data and ensure compliance worldwide. Apart from this, as enterprises are increasingly adopting cloud computing, there is a considerable need for safeguarding data. This, in confluence with the growing penetration of high-speed internet and surging sales of smartphones across the globe, is positively influencing the market. Furthermore, several industry verticals, including the banking, financial services, and insurance (BFSI) and the healthcare sectors, are complying with payment card industry data security standard (PCI DSS) and the health insurance portability and accountability act (HIPPA). These regulations require the implementation of a data security solution, which is acting as another growth-inducing factor. Other major factors, including the expanding information and technology (IT) and telecom sector and advancements in mobile technology worldwide, are anticipated to drive the market further in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global encryption software market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on component, deployment model, organization size, function and industry vertical.

Breakup by Component:

  • Software
  • Services
     

Breakup by Deployment Model:

  • On-premises
  • Cloud-based
     

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium Enterprises
     

Breakup by Function:

  • Disk Encryption
  • Communication Encryption
  • File and Folder Encryption
  • Cloud Encryption
     

Breakup by Industry Vertical:

  • BFSI
  • Aerospace and Defence
  • IT and Telecom
  • Media and Entertainment
  • Government and Public
  • Retail
  • Healthcare
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc), Check Point Software Technologies Ltd., Cisco System Inc., Fortinet Inc., F-Secure, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Palo Alto Networks Inc. and Trend Micro Incorporated.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Component, Deployment Model, Organization Size, Function, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered being Amazon Web Services Inc. (Amazon.com Inc), Check Point Software Technologies Ltd., Cisco System Inc., Fortinet Inc., F-Secure, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Palo Alto Networks Inc. and Trend Micro Incorporated.
Customization Scope 10% Free Customization
Report Price and Purchase Option                                     Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global encryption software market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global encryption software market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment model?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the function?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global encryption software market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Encryption Software Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Software
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Deployment Model
    7.1    On-premises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cloud-based
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Organization Size
    8.1    Large Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Small and Medium Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Function
    9.1    Disk Encryption
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Communication Encryption
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    File and Folder Encryption
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Cloud Encryption
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Industry Vertical
    10.1    BFSI
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Aerospace and Defence
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    IT and Telecom
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Media and Entertainment
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Government and Public
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Retail
        10.6.1 Market Trends
        10.6.2 Market Forecast
    10.7    Healthcare
        10.7.1 Market Trends
        10.7.2 Market Forecast
    10.8    Others
        10.8.1 Market Trends
        10.8.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Amazon Web Services Inc. (Amazon.com Inc)
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 SWOT Analysis
        16.3.2    Check Point Software Technologies Ltd.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    Cisco System Inc.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    Fortinet Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    F-Secure
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
        16.3.6    International Business Machines Corporation
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    Microsoft Corporation
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8    Oracle Corporation
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    Palo Alto Networks Inc.
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    Trend Micro Incorporated
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Encryption Software Market: Major Drivers and Challenges
Figure 2: Global: Encryption Software Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Encryption Software Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Encryption Software Market: Breakup by Component (in %), 2020
Figure 5: Global: Encryption Software Market: Breakup by Deployment Model (in %), 2020
Figure 6: Global: Encryption Software Market: Breakup by Organization Size (in %), 2020
Figure 7: Global: Encryption Software Market: Breakup by Function (in %), 2020
Figure 8: Global: Encryption Software Market: Breakup by Industry Vertical (in %), 2020
Figure 9: Global: Encryption Software Market: Breakup by Region (in %), 2020
Figure 10: Global: Encryption Software (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Encryption Software (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Encryption Software (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Encryption Software (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Encryption Software (On-premises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Encryption Software (On-premises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Encryption Software (Cloud-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Encryption Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Encryption Software (Large Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Encryption Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Encryption Software (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Encryption Software (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Encryption Software (Disk Encryption) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Encryption Software (Disk Encryption) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Encryption Software (Communication Encryption) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Encryption Software (Communication Encryption) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Encryption Software (File and Folder Encryption) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Encryption Software (File and Folder Encryption) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Encryption Software (Cloud Encryption) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Encryption Software (Cloud Encryption) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Encryption Software (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Encryption Software (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Encryption Software (Aerospace and Defence) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Encryption Software (Aerospace and Defence) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Encryption Software (IT and Telecom) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Encryption Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Encryption Software (Media and Entertainment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Encryption Software (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Encryption Software (Government and Public) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Encryption Software (Government and Public) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Encryption Software (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Encryption Software (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Encryption Software (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Encryption Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Encryption Software (Other Industry Verticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Encryption Software (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: North America: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: North America: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: United States: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: United States: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Canada: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Canada: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Asia-Pacific: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Asia-Pacific: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: China: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: China: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Japan: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Japan: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: India: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: India: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: South Korea: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: South Korea: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Australia: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Australia: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Indonesia: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Indonesia: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Europe: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Europe: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Germany: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Germany: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: France: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: France: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: United Kingdom: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: United Kingdom: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Italy: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Italy: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Spain: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Spain: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Russia: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Russia: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Others: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Others: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Latin America: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Latin America: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Brazil: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Brazil: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Mexico: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Mexico: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Others: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Others: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Middle East and Africa: Encryption Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Middle East and Africa: Encryption Software Market: Breakup by Country (in %), 2020
Figure 94: Middle East and Africa: Encryption Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 95: Global: Encryption Software Industry: SWOT Analysis
Figure 96: Global: Encryption Software Industry: Value Chain Analysis
Figure 97: Global: Encryption Software Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Encryption Software Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Encryption Software Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Encryption Software Market Forecast: Breakup by Deployment Model (in Million US$), 2021-2026
Table 4: Global: Encryption Software Market Forecast: Breakup by Organization Size (in Million US$), 2021-2026
Table 5: Global: Encryption Software Market Forecast: Breakup by Function (in Million US$), 2021-2026
Table 6: Global: Encryption Software Market Forecast: Breakup by Industry Vertical (in Million US$), 2021-2026
Table 7: Global: Encryption Software Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Encryption Software Market: Competitive Structure
Table 9: Global: Encryption Software Market: Key Players

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