Delaware, Oct. 31, 2016 (GLOBE NEWSWIRE) -- According to MarketIntelReports, "Global Encryption Software Market (Usage, Vertical and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2020", set to cross $2.16 billion by 2020 at a high CAGR.
Software based encryption is an emerging technology with varied applications for data security and data privacy applications in computers and during transfer in the networks. This technology is not only adopted by corporations but has applications for government use and military applications. There is high scope for the Encryption Software Market in various regions across the globe during 2014-2020.
Browse 32 Market Tables, 28 Figures spread through 144 Pages and an in-depth TOC on “Encryption Software Market 2020”
Scope and Regional Forecast of the Encryption Software Market:
In the Encryption Software Market, it is estimated to generate revenue of around $2.16 billion by 2020 globally. It is expected to grow at a CAGR of 14.27% during 2014-2020 with increasing adoption of encryption solutions for data security in various corporation set ups across the globe.
North America is the leading region in the Encryption Software Market with high investment and large market share of revenue during 2014-2020. Many companies in this market are present in the North American region.
Europe and Asia Pacific are anticipated to witness healthy growth in the Encryption Software Market. With growing investment for improving infrastructure of computing environment, there is huge scope for these regions for development during 2014-2020.
The Encryption Software Market is a rapidly developing market with increasing investment for encryption programs for private as well as commercial use in IT, corporations, government and military agencies all over the world. This market is expected to witness high growth owing to the rise in investment for development of program encryption software such as USB encryption software, hard disk encryption software, password encryption software and others, growth in utilization of file encryption software and cryptography software for security of data across the globe during 2014-2020.
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Segmentation and Key Players of the Encryption Software Market:
The Encryption Software Market is segmented into various categories by usage, by vertical and by region as follows:
By usage: Encryption for Data-at-rest, Full Disk Encryption (FDE), File Level Encryption (FLE), Encryption for Data-in-transit and Email Encryption
By vertical: Financial Sector, Healthcare, Public Sector and others (Retail)
By geography: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa)
The key players in the Encryption Software Market are as follows:
- Trend Micro
- Check Point Software Technologies
High growth in use of free encryption software for public domain use and special file security software by commercial applications is anticipated and estimated to drive the demand for this market during 2014-2020.
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Source:Market Intel Reports LLP