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The Global Encryption Software Market size to grow from USD 9.8 Billion in 2020 to USD 20.1 Billion by 2025, at a CAGR of 15.5% during 2020–2025.
Top Key Players Profiled in the Encryption Software Market:
• IBM (US)
• Microsoft (US)
• Symantec (US)
• Thales e-Security (France)
• Trend Micro (Japan)
• Sophos (UK)
• Check Point (Israel)
• Micro Focus (UK)
• McAfee (US)
• Dell (US)
• WinMagic (US)
• ESET (US)
• Cryptomathic (Denmark)
• Bitdefender (Romania)
• Stormshield (France)
• CipherCloud (US)
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“Services segment to grow at a higher CAGR during the forecast period”
The encryption software market is segmented on the basis of component (software and services).The services segment is expected to grow at a faster pace during the forecast period. There is a strong requirement for encryptio3en software related services to tackle specific needs. The encryption services enhance the security portfolio of enterprises and safeguard their system from unauthorized access, exploitation, and data loss.
“The cloud encryption segment to grow at the highest CAGR during the forecast period”
The encryption software market by applicationhas subsegmentsof disk encryption, file/folder encryption, database encryption, communication encryption, and cloud encryption.The cloud encryption segment to grow at the highest CAGR during the forecast period, owing to the increasing number of organizations moving toward the cloud for achieving cost savings, agility, and flexibility, although this is also making their critical data more vulnerable to cyberattacks.
Breakdown of primary participants’ profile:
• By Company: Tier I:35%, Tier II:45%, and Tier III:20%
• By Designation:C-Level:35%, Director-Level:25%, and Others:40%
• By Region: North America: 45%, APAC: 20%,Europe: 30%, RoW (MEA and Latin America): 5%
Competitive Landscape of Encryption Software Market:
1 Competitive Leadership Mapping
1.1 Visionary Leaders
1.2 Innovators
1.3 Dynamic Differentiators
1.4 Emerging Companies
2 Strength Of Product Portfolio
3 Business Strategy Excellence
4 Competitive Leadership Mapping (Startups/Smes)
4.1 Progressive Companies
4.2 Responsive Companies
4.3 Dynamic Companies
4.4 Starting Blocks
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