Select Language
According to the latest report by IMARC Group, titled "Encryption Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global encryption software market exhibited strong growth during 2015-2020. Encryption software refers to a software application that utilizes data encryption algorithms to protect crucial and confidential data at rest or in transit. It includes the conversion of data from a readable format to an encoded format that can only be read or processed with the use of a decryption key. It is widely used by numerous organizations to protect their data while transferring from one remote location to another. The deployment of these programs aids in enhancing the security of the data from unauthorized users while offering enhanced data protection, maintaining data integrity as well as ensuring security across various devices.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Encryption Software Market Trends:
The global market is majorly driven by the increasing incidences of data breaches and theft across the corporate segment. This has impelled numerous organizations to address their rising concerns regarding data safety by deploying encryption software solutions. Additionally, various stringent data privacy compliance regulations across multiple workplaces are also creating a positive outlook for the market. Moreover, the increasing popularity of Bring Your Own Device (BYOD) and the widespread adotion of remote working across the corporate segment have also created a rising need for the deployment of encryption solutions. The market is further driven by the widespread integration of these solutions with the Internet of Things (IoT) and the escalating preference for cloud-based encryption software. Some of the other factors contributing to the market include significant growth in the IT sector, penetration of high-speed internet connectivity and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of around 15% during 2021-2026.
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com