Encryption Software Market will surpass the $21 billion mark by 2026. Increasing number of data breaches and cybercrimes and supportive government policies will enable the market to witness a bullish growth over the coming years. This can be validated by the draft of an encryption law published by China’s State Cryptography Administration (SCA) in November 2019. The draft was issued to bring about encryption in the private & public sectors and set guidelines on the use of cryptography for protecting national security.

Cybersecurity vendors are addressing evolving threats by offering security threats, resulting in the higher implementation of email, mobile, and disk encryption capabilities, which will spur encryption software market growth. 

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Email data protection software is highly being adopted by companies as sending an email is the most general communication method used. Security software has found extensive applications to identify thefts, phishing, and protect data from malware. The software protects a multitude of aspects of email systems, such as email access, content or media attachments.

The data is encoded by the software in transit to ensure the security of sensitive data under the regulatory compliance. Estimates claim that email encryption software market will account for more.

Latin America has been witnessing increasing incidences of cyberattacks on the business-critical infrastructure. The use of digital platforms in the region for conducting business transactions has led to the regional governments introducing various initiatives to support cybersecurity.

For example, since December 2019, numerous Mexican institutions, such as the National Defense Ministry (Sedena), Mexico Central Bank, the House of Representatives, and Mexico Supreme Court registered over 45 million tried attacks to access databases and steal information. In accordance, Latin America encryption software market is projected to witness an 18% CAGR over 2020-2026.

The protection of customer data during online retail operations has become a crucial requirement these days. Third-party services in the retail sector are observing wide adoption to optimize customer experience on websites and support online transactions, resulting in a higher number of data breaches.

The Prominent Key Players in the encryption software market include AO Kaspersky Lab, Bitdefender, Check Point Software Technologies Ltd., Ciphercloud.com, Cisco Systems, Inc., Dell Technologies Inc

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Table of Content

Chapter 6.   Encryption Software Market, By Deployment Model

6.1.  Key trends, by deployment model

6.2.  On-premise

6.2.1. Market estimates and forecast, 2015 – 2026

6.3.  Cloud

6.3.1. Market estimates and forecast, 2015 – 2026

Chapter 7.   Encryption Software Market, By Application

7.1.  Key trends, by application

7.2.  IT & telecom

7.2.1. Market estimates and forecast, 2015 - 2026

7.3.  BFSI

7.3.1. Market estimates and forecast, 2015 – 2026

7.4.  Healthcare

7.4.1. Market estimates and forecast, 2015 - 2026

7.5.  Retail

7.5.1. Market estimates and forecast, 2015 – 2026

7.6.  Government & public sector

7.6.1. Market estimates and forecast, 2015 - 2026

7.7.  Manufacturing

7.7.1. Market estimates and forecast, 2015 – 2026

7.8.  Others

7.8.1. Market estimates and forecast, 2015 – 2026

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