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Encryption Software Market

Encryption Software Market Market Research Report – Segmented By Component (Software, Services), By Application (Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption), By Deployment Mode (On-Premises, Cloud), By Enterprise Size (Small and Medium-Sized Enterprises, Large Enterprises), By Vertical (Banking, Financial Services, and Insurance, Aerospace and Defense, Government and Public Utilities, It and Telecommunication, Healthcare, Retail, Other Verticals), By Region (North America, Europe, Asia-Pacific, Middle East and Africa, Latin America) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2027.

Table of contents

Executive Summary

Encryption Software Market was valued at US $12.03 billion in 2021 and is projected to grow at 15.63% CAGR over the forecast period to reach US $28.75 billion by 2027. Encryption Software Market represented US $3.03 billion opportunity over 2019-2021 and estimated to create US $16.72 billion opportunity in 2027 over 2021.

Encryption Software Market Size (2019 - 2027), USD billion

Encryption Software from Consainsights analyses the Encryption Software Market in the Technology & Media industry over the forecast period to 2027.

Encryption Software research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Encryption Software segmentation includes Component, Application, Deployment Mode, Enterprise Size, Vertical, Region and Geography.

Based on the Component, the Encryption Software analysis covers Software, Services.

In Component segment, Software segment has highest cagr growth of 13.78%.

Revenue Share (%), By Component (2021)

Based on the Application, the Encryption Software analysis covers Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption.

In Application segment, Disk Encryption segment has highest cagr growth of 13.78%.

Revenue Share (%), By Application (2021)

Based on the Deployment Mode, the Encryption Software analysis covers On-Premises, Cloud.

In Deployment Mode segment, On-Premises segment has highest cagr growth of 13.78%.

Revenue Share (%), By Deployment Mode (2021)

Based on the Enterprise Size, the Encryption Software analysis covers Small and Medium-Sized Enterprises, Large Enterprises.

In Enterprise Size segment, Small and Medium-Sized Enterprises segment has highest cagr growth of 13.78%.

Revenue Share (%), By Enterprise Size (2021)

Based on the Vertical, the Encryption Software analysis covers Banking, Financial Services, and Insurance, Aerospace and Defense, Government and Public Utilities, It and Telecommunication, Healthcare, Retail, Other Verticals.

In Vertical segment, Banking, Financial Services, and Insurance segment has highest cagr growth of 13.78%.

Revenue Share (%), By Vertical (2021)

Based on the Region, the Encryption Software analysis covers North America, Europe, Asia-Pacific, Middle East and Africa, Latin America.

In Region segment, North America segment has highest cagr growth of 13.78%.

Revenue Share (%), By Region (2021)

Based on the region, the Encryption Software analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include IBM, Microsoft, Symantec, Thales E-Security, Trend Micro, Sohpos, Check Point, Micro Focus, Mcafee, Dell, Winmagic, Eset, Cryptomathic, Bitdefender, Stormshield, Ciphercloud, Other Relevant Company Profiles and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Component

Introduction

In 2021, Software segment has the highest revenue of US $6.14 billion and is expected to grow at CAGR of 13.78% by 2027 Software segment has highest cagr growth of 13.78%.

Encryption Software Market Y-o-Y Growth (USD billion), By Component 2019 - 2027
Encryption Software Market Size, By Component, 2019-2027 (USD billion)

Software

Software segment was valued at US $4.59 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $14.68 billion by 2027. Software segment represented US $1.55 billion opportunity over 2019-2021 and estimated to create US $8.54 billion opportunity in 2027 over 2021.

Software - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Services

Services segment was valued at US $1.97 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $6.28 billion by 2027. Services segment represented US $0.66 billion opportunity over 2019-2021 and estimated to create US $3.66 billion opportunity in 2027 over 2021.

Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Application

Introduction

In 2021, Disk Encryption segment has the highest revenue of US $5.29 billion and is expected to grow at CAGR of 13.78% by 2027 Disk Encryption segment has highest cagr growth of 13.78%.

Encryption Software Market Y-o-Y Growth (USD billion), By Application 2019 - 2027
Encryption Software Market Size, By Application, 2019-2027 (USD billion)

Disk Encryption

Disk Encryption segment was valued at US $3.95 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $12.64 billion by 2027. Disk Encryption segment represented US $1.33 billion opportunity over 2019-2021 and estimated to create US $7.35 billion opportunity in 2027 over 2021.

Disk Encryption - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

File/Folder Encryption

File/Folder Encryption segment was valued at US $2.10 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $6.70 billion by 2027. File/Folder Encryption segment represented US $0.71 billion opportunity over 2019-2021 and estimated to create US $3.90 billion opportunity in 2027 over 2021.

File/Folder Encryption - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Database Encryption

Database Encryption segment was valued at US $1.70 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $5.44 billion by 2027. Database Encryption segment represented US $0.57 billion opportunity over 2019-2021 and estimated to create US $3.16 billion opportunity in 2027 over 2021.

Database Encryption - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Communication Encryption

Communication Encryption segment was valued at US $1.01 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $3.22 billion by 2027. Communication Encryption segment represented US $0.34 billion opportunity over 2019-2021 and estimated to create US $1.87 billion opportunity in 2027 over 2021.

Communication Encryption - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Cloud Encryption

Cloud Encryption segment was valued at US $0.23 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $0.74 billion by 2027. Cloud Encryption segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.43 billion opportunity in 2027 over 2021.

Cloud Encryption - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Deployment Mode

Introduction

In 2021, On-Premises segment has the highest revenue of US $5.71 billion and is expected to grow at CAGR of 13.78% by 2027 On-Premises segment has highest cagr growth of 13.78%.

Encryption Software Market Y-o-Y Growth (USD billion), By Deployment Mode 2019 - 2027
Encryption Software Market Size, By Deployment Mode, 2019-2027 (USD billion)

On-Premises

On-Premises segment was valued at US $4.27 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $13.66 billion by 2027. On-Premises segment represented US $1.44 billion opportunity over 2019-2021 and estimated to create US $7.95 billion opportunity in 2027 over 2021.

On-Premises - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Cloud

Cloud segment was valued at US $2.60 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $8.31 billion by 2027. Cloud segment represented US $0.88 billion opportunity over 2019-2021 and estimated to create US $4.83 billion opportunity in 2027 over 2021.

Cloud - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Enterprise Size

Introduction

In 2021, Small and Medium-Sized Enterprises segment has the highest revenue of US $5.11 billion and is expected to grow at CAGR of 13.78% by 2027 Small and Medium-Sized Enterprises segment has highest cagr growth of 13.78%.

Encryption Software Market Y-o-Y Growth (USD billion), By Enterprise Size 2019 - 2027
Encryption Software Market Size, By Enterprise Size, 2019-2027 (USD billion)

Small and Medium-Sized Enterprises

Small and Medium-Sized Enterprises segment was valued at US $3.82 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $12.21 billion by 2027. Small and Medium-Sized Enterprises segment represented US $1.29 billion opportunity over 2019-2021 and estimated to create US $7.10 billion opportunity in 2027 over 2021.

Small and Medium-Sized Enterprises - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Large Enterprises

Large Enterprises segment was valued at US $2.40 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $7.67 billion by 2027. Large Enterprises segment represented US $0.81 billion opportunity over 2019-2021 and estimated to create US $4.46 billion opportunity in 2027 over 2021.

Large Enterprises - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Vertical

Introduction

In 2021, Banking, Financial Services, and Insurance segment has the highest revenue of US $5.01 billion and is expected to grow at CAGR of 13.78% by 2027 Banking, Financial Services, and Insurance segment has highest cagr growth of 13.78%.

Encryption Software Market Y-o-Y Growth (USD billion), By Vertical 2019 - 2027
Encryption Software Market Size, By Vertical, 2019-2027 (USD billion)

Banking, Financial Services, and Insurance

Banking, Financial Services, and Insurance segment was valued at US $3.75 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $11.99 billion by 2027. Banking, Financial Services, and Insurance segment represented US $1.26 billion opportunity over 2019-2021 and estimated to create US $6.97 billion opportunity in 2027 over 2021.

Banking, Financial Services, and Insurance - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Aerospace and Defense

Aerospace and Defense segment was valued at US $2.11 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $6.73 billion by 2027. Aerospace and Defense segment represented US $0.71 billion opportunity over 2019-2021 and estimated to create US $3.91 billion opportunity in 2027 over 2021.

Aerospace and Defense - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Government and Public Utilities

Government and Public Utilities segment was valued at US $1.51 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $4.82 billion by 2027. Government and Public Utilities segment represented US $0.51 billion opportunity over 2019-2021 and estimated to create US $2.80 billion opportunity in 2027 over 2021.

Government and Public Utilities - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

It and Telecommunication

It and Telecommunication segment was valued at US $0.70 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $2.23 billion by 2027. It and Telecommunication segment represented US $0.24 billion opportunity over 2019-2021 and estimated to create US $1.30 billion opportunity in 2027 over 2021.

It and Telecommunication - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Healthcare

Healthcare segment was valued at US $0.34 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $1.10 billion by 2027. Healthcare segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.64 billion opportunity in 2027 over 2021.

Healthcare - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Retail

Retail segment was valued at US $0.35 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $1.11 billion by 2027. Retail segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.65 billion opportunity in 2027 over 2021.

Retail - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Other Verticals

Other Verticals segment was valued at US $0.24 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $0.77 billion by 2027. Other Verticals segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.45 billion opportunity in 2027 over 2021.

Other Verticals - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Region

Introduction

In 2021, North America segment has the highest revenue of US $4.75 billion and is expected to grow at CAGR of 13.78% by 2027 North America segment has highest cagr growth of 13.78%.

Encryption Software Market Y-o-Y Growth (USD billion), By Region 2019 - 2027
Encryption Software Market Size, By Region, 2019-2027 (USD billion)

North America

North America segment was valued at US $3.56 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $11.36 billion by 2027. North America segment represented US $1.20 billion opportunity over 2019-2021 and estimated to create US $6.61 billion opportunity in 2027 over 2021.

North America - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Europe

Europe segment was valued at US $2.07 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $6.63 billion by 2027. Europe segment represented US $0.70 billion opportunity over 2019-2021 and estimated to create US $3.86 billion opportunity in 2027 over 2021.

Europe - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Asia-Pacific

Asia-Pacific segment was valued at US $1.08 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $3.45 billion by 2027. Asia-Pacific segment represented US $0.36 billion opportunity over 2019-2021 and estimated to create US $2.01 billion opportunity in 2027 over 2021.

Asia-Pacific - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Middle East and Africa

Middle East and Africa segment was valued at US $1.49 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $4.76 billion by 2027. Middle East and Africa segment represented US $0.50 billion opportunity over 2019-2021 and estimated to create US $2.77 billion opportunity in 2027 over 2021.

Middle East and Africa - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Latin America

Latin America segment was valued at US $0.80 billion in 2019 and is projected to grow at 13.78% CAGR over the forecast period to reach US $2.55 billion by 2027. Latin America segment represented US $0.27 billion opportunity over 2019-2021 and estimated to create US $1.48 billion opportunity in 2027 over 2021.

Latin America - Historical, Forecast Market Sizes (USD billion), 2019 - 2027