QatarBusinessToday.com
No Result
View All Result
  • About Us
  • Contact Us
  • Business
  • Energy
  • Finance
  • Healthcare
  • Real Estate
  • Travel
  • Tech
  • Middle East
  • Press Releases
Submit a Press Release
  • Business
  • Energy
  • Finance
  • Healthcare
  • Real Estate
  • Travel
  • Tech
  • Middle East
  • Press Releases
No Result
View All Result
QatarBusinessToday.com
Submit PR
Home Press Releases

Encryption Software Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2026

Newsroom by Newsroom
August 30, 2022
Share on FacebookShare on Twitter


(EMAILWIRE.COM, August 30, 2022 ) According to a research report “Encryption Software Market with COVID-19 Impact Analysis, by Component, Application (Disk Encryption, File/Folder Encryption, Communication Encryption, & Cloud Encryption), Deployment Mode, Organization Size, Vertical & Region – Global Forecast to 2026″ published by MarketsandMarkets, the global Encryption software market size is expected to grow from USD 10.9 billion in 2021 to USD 22.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 15.2% from 2021 to 2026.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227254588

An increase in the adoption of Encryption software solutions in IT and Telecommunications companies are expected to boost the growth of the Encryption software market. Additionally, Encryption software market is expected to witness rapid growth worldwide due to various factors such as Stringent regulatory standards and data privacy compliances, Rising concerns pertaining to loss of critical data and Exponential increase in adopting cloud and virtualization technologies.

By deployment mode, on premises segment to hold the largest market size during the forecast period

Due to criticality, confidentiality, risk, or trust issues, technology leaders host encryption solutions on-premises. The emergence of APTs, phishing, malware, and zero-day exploits has heralded enterprises and industries to nurture in-house IT skills and build on-premises technologies and platforms. The overall cost of an in-house IT team is more than cloud-based encryption software.

Data security tops the list of concerns that hold companies back from cloud adoption. Enterprises are migrating to the cloud to stay competitive, but not all are comfortable with moving sensitive data – and opt to keep their personal and regulated data on-premises. The on-premises deployment mode is majorly used by critical information industries due to the high security associated with managing sensitive data in-house. Organizations that manage large volumes of sensitive data, especially government agencies, financial companies, and healthcare, still rely on-premises solutions – due to concerns around data security and privacy. Data protection regulations and standards, such as the GDPR, HIPAA, and PCI-DSS, significantly impact how organizations can handle personal information.

In vertical, IT and Telecommunications to grow at the highest CAGR during the forecast period

The telecommunications vertical is a key target for hackers due to the vast amount of personal data being managed on cell phones, satellites, and the Internet. IT deals with computers and networking devices to produce, process, preserve and protect various forms of electronic data. It has created security issues and regulatory compliances that affect the working of the companies in the vertical. Thus, communication service providers have adopted encryption technologies to provide services to their customers without any hindrances.

During the COVID-19 pandemic, cell phone and internet usage have significantly increased worldwide. The increasing use of mobile has enabled users to access their emails and other files through their devices from anywhere. It has also increased the threat of cyberattacks. IT companies deploy many services through web and mobile applications. Online financial transactions in the vertical have significantly increased and become lucrative targets for cybercriminals. The companies in the vertical are adopting encryption solutions to provide their customers with risk-free services. Moreover, they are delivering encrypted services to their customers using mobile and cloud technologies. The use of encryption software has enabled users to save their important information on their mobile devices and use it through the cloud without any risk. The encryption solutions help telecommunication companies enhance their services and provide secure information to customers while also assisting in complying with regulations, such as AES, PCI DSS, and GDPR.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=227254588

In region, APAC to grow at the highest CAGR during the forecast period

Across the Asia Pacific, there are a number of prosperous economies with well-developed cyber ecosystems. The economies include India, China, Australia, and New Zealand. The region has been one of the fastest-growing markets in terms of mobile workforce expansion and is witnessing the rising adoption of mobile devices. The Asia Pacific is expected to invest more in security due to the increasing threat of spear phishing, malware, ransomware, and BEC attacks. Alarming statistics uncovered by FireEye revealed that the Asia Pacific countries are more susceptible to advanced cyberattacks than the world. According to the Malwarebytes Threat Intelligence report released in April 2020, APT groups that use COVID-19-themed mails as a lure have grown significantly. The Australian Cyber Security Centre (ACSC) have also identified a rise in APT attacks against healthcare institutions and medical research facilities including vaccine development centers amid COVID-19. The large enterprises and SMEs in this region recognize the significance of data security. Organizations in this region are also increasingly focusing on building long-term relationships with their users by providing security to their sensitive data and delivering customized experiences. They are now more receptive toward adopting dedicated encryption solutions to protect their critical and sensitive business data from commercial espionage, cyber threats, and computer hackers.

The increasing advancements in mobility and cloud solutions, coupled with mandatory compliance to government regulations, have compelled companies in the region to adopt encryption solutions. Moreover, with the rising intensity and complexity of cyberattacks, the data security concerns of the businesses in the region have further heightened. Various eminent security vendors, such as Trend Micro, IBM, and Thales, are expanding their presence in the region to capitalize on the enormous demand for security software.

Major vendors in the global Encryption software market include IBM (US), Microsoft (US), Broadcom (US), Sophos (UK), Thales (France), McAfee (US), Trend Micro (Japan), Dell (US), Check Point (Israel), Micro Focus (UK), PKWare (US), ESET (Slovakia), Boxcryptor (Germany), WinMagic (US), Cryptomathic (Denmark), Bitdefender (Romania), Stormshield (France), Cisco (US), HPE (US), Bitglass (US), Baffle (US), Fortanix (US), Enveil (US), Nord Security (Panama), PreVeil (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com



Source link

Previous Post

Global Pharmaceutical Packaging Market intelligence with competitive landscape in 2026

Next Post

Qatar Bank Issues First Digital Payments License

Related Posts

Wine Market Poised for Steady Growth with Dominance of Still Wines and Supermarket Channels as per Maximize Research
Press Releases

Wine Market Poised for Steady Growth with Dominance of Still Wines and Supermarket Channels as per Maximize Research

May 11, 2025
Market for Call Center Outsourcing Advances with Inbound Services and Voice Support Leading the Segment Growth as per Maximize Research.
Press Releases

Market for Call Center Outsourcing Advances with Inbound Services and Voice Support Leading the Segment Growth as per Maximize Research.

May 11, 2025
WealthTech Solutions Market Poised for Significant Growth, Driven by Changing Consumer Preferences and Digital Advancements as per Maximize Research.
Press Releases

WealthTech Solutions Market Poised for Significant Growth, Driven by Changing Consumer Preferences and Digital Advancements as per Maximize Research.

May 11, 2025
Press Releases

Pharmaceutical Packaging Market to Surpass USD 356.7 Billion by 2034 Driven by Demand for Biologics and Smart Packaging Solutions

May 10, 2025
Cell Line Development Market Set to Reach New Heights Fueled by Demand for Recombinant Proteins and Antibodies
Press Releases

Cell Line Development Market Set to Reach New Heights Fueled by Demand for Recombinant Proteins and Antibodies

May 10, 2025
Press Releases

Renewable Methanol Market Transformation Driven by Government Policies and Demand for Clean Energy Solutions

May 10, 2025

Recommended Stories

Strategic Overview of Command and Control Systems Market: From USD 32.5 Billion in 2024 to USD 44.7 Billion by 2029

July 12, 2024

Cloud Native Storage Market Segmented by Product, Top Manufacturers, Geography Trends & Forecasts to 2030

October 23, 2023

Cloud Security Market Growth Outlook 2023 Pricing Strategy, Industry Latest News, Research Report Analysis & Share By Forecast 2028

January 24, 2024

Popular Stories

  • Exchange goods, vehicles, or property for crypto on Bazaars

    Exchange goods, vehicles, or property for crypto on Bazaars

    0 shares
    Share 0 Tweet 0
  • Al Futtaim Group Real Estate partners with TIER Mobility for micro-mobility services at Dubai Festival City – MEConstructionNews.com

    0 shares
    Share 0 Tweet 0
  • الدكتور إركان كورك من بنك بوزيتيف: “تركيا ستعمل على جذب الاستثمارات المؤهلة”

    0 shares
    Share 0 Tweet 0
  • Qatari Ministry, Meta partnership seeks growth of digital innovation ecosystem

    0 shares
    Share 0 Tweet 0
  • Rastec Real Estate holds groundbreaking for mixed-use building project

    0 shares
    Share 0 Tweet 0

Qatar Business Today™ publishes and aggregates business, socio-economic, Tech and industrial news on Qatar, Middle East and North Africa (MENA)..

Press release distribution services:

We provide press release distribution to media in Qatar, the Arab world and the GCC/MENA regions. Submit a press release today, contact us.

Recent News

.
  • WealthTech Solutions Market Poised for Significant Growth, Driven by Changing Consumer Preferences and Digital Advancements as per Maximize Research.
  • Market for Call Center Outsourcing Advances with Inbound Services and Voice Support Leading the Segment Growth as per Maximize Research.
  • Wine Market Poised for Steady Growth with Dominance of Still Wines and Supermarket Channels as per Maximize Research
  • Portable Navigation Device Market to See Steady Growth with Advances in GPS Technology and Dynamic Mapping Solutions as per Maximize Research.

Categories

Business
Energy
Finance
Healthcare
Real Estate
Travel
Tech
Middle East
Press Releases

Subscribe to Our Newsletter

    Qatar Business Today™ is part of GroupWeb Media Network. © 2025 GroupWeb Media LLC
    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Business
    • Energy
    • Finance
    • Healthcare
    • Real Estate
    • Tech
    • Travel
    • Middle East
    • Press Releases
    • About Us
      • Contact Us
      • Submit a Press Release

    Qatar Business Today™ is part of GroupWeb Media Network. © 2025 GroupWeb Media LLC