New$22+ Billion Encryption Software Market Assessment 2020-2027 Featuring AWS, Cisco Systems, F-Secure, Fortinet, IBM, Microsoft, and Oracle Amongst Others – ResearchAndMarkets.coms
July 17, 2020 10:43 AM Eastern Daylight Time
DUBLIN–(BUSINESS WIRE)–The “Encryption Software Market by Component, Deployment Model, Organization Size, Function and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2027” report has been added to ResearchAndMarkets.com’s offering.
“#Encryption Software Market by Component, Deployment Model, Organization Size, Function and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2027”
According to the report, the encryption software market was valued at $6.82 billion in 2019, and is projected to reach $22.74 billion by 2027, growing at a CAGR of 16.3% from 2020 to 2027.
Growing number of complexity and data breaches and increased compliance regulation among the organizations drives the growth of the encryption software market. In addition, surge in adoption of bring your own device (BYOD) and increased mobility fuels the growth of the market. However, lack of awareness about encryption software and limiting the use of encrypted device in some countries hampers the growth of the market. Furthermore, rise in demand for cloud-based encryption software is expected to provide lucrative opportunities for the growth of the market.
Full announcement: https://www.businesswire.com/news/home/20200717005366/en/22-Billion-Encryption-Software-Market-Assessment-2020-2027
Hugh Taylor
Hugh Taylor is a Certified Information Security Manager (CISM). In addition to editing Journal of Cyber Policy, he writes about cybersecurity, compliance and enterprise technology for such clients as Microsoft, IBM, SAP, HPE, Oracle, Google and Advanced Micro Devices. Prior to launching his freelance writing career, he served in executive roles at Microsoft, IBM and several venture-backed technology startups.