The email encryption software market segment is expected to cover more than 25% industry share in 2026 due to the rising uptake of security software to protect data from malware, identity thefts and phishing.
Selbyville, Delaware, Jan. 08, 2020 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on encryption software market which estimates the global market valuation for encryption software will cross US$ 20 billion by 2026. The industry growth is attributed to supportive government initiatives to combat cybercrimes and the rising instances of data breaches globally. The growing implementation of disk, email, and mobile encryption capabilities in security suites provided by the cybersecurity vendors to address the evolving threats will augment market growth.
The email encryption software market is expected to hold a share of over 25% in 2026 due to the rising uptake of security software to protect data from malware, identity thefts, and phishing. As email is one of the widely used communication methods used by enterprises, the demand for email data protection software to secure various aspects of email systems including content, media attachments or email access increases. The software encrypts data in transit and at rest and also supports multi-factor authentication for additional security, ensuring that sensitive information is always protected in line with regulatory compliance.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4484
The on-premise deployment model segment held over 70% of the market share in 2019 and is projected to maintain a dominant position over the forecast timeline. The enterprises prefer an on-premise deployment model approach due to the high security associated with managing sensitive data in-house and gain access to cryptography keys for enhanced security. However, with the growing popularity of cloud platforms to store enterprise data due to high scalability and cost benefits, the demand for cloud-based encryption software is expected to accelerate over the forecast timeline.
Story continues
The retail sector will also observe the heavy uptake of encryption over the projected timeframe owing to the need to protect customer data throughout a retailers operations. The sector is witnessing a huge usage of third-party services to support online transactions, optimizing customer experience on their websites. This has led to a rise in the number of data breaches, exploiting sensitive customer information such as credit card & bank account details and personal credentials. According to a report published by Thales eSecurity, a cybersecurity provider, around 75% of the U.S. retailers have experienced a breach in 2018 as compared to 52% in 2017, exceeding the global average. The demand for cybersecurity solutions will rise significantly from 2020 to 2026, preventing theft & customer information compromise.
Browse key industry insights spread across 260 pages with 269 market data tables and 26 figures & charts from the report, Encryption Software Market Size, By Component (Software [Endpoint Encryption, Email Encryption, Cloud Encryption], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Deployment Model (On-Premise, Cloud), By Application (IT & Telecom, BFSI, Healthcare, Retail, Government & Public Sector, Manufacturing), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 2026 in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/encryption-software-market
Latin America encryption software market is expected to grow at a CAGR of over 18% from 2020 to 2026 due to the rising number of cyberattacks on the business-critical infrastructure, growing usage of digital platforms among enterprises to conduct business transactions, and supportive government initiatives to promote cybersecurity. The rapidly evolving threat landscape has compelled public & private enterprises to promote digital security to safeguard sensitive business information. The government agencies in the countries including Mexico, Brazil, and Argentina are introducing cybersecurity strategies to respond to a wide array of cyberattacks.
Some major findings of the encryption software market report include:
The industrial verticals including healthcare, retail, and BFSI witnessed the heavy adoption of data protection solutions to protect sensitive/non-sensitive data and applications.
According to the HIPPA Journal, globally, the healthcare sector witnessed the highest breach costs, accounting for an average mitigation cost of USD 6.45 million.
The cloud-based encryption software is gaining immense popularity as enterprises are migrating toward cloud platforms to store massively growing enterprise data and to leverage benefits in the form of on-demand scalability and reduced operational expenses.
Various small cybersecurity vendors and emerging startups are emerging in the market, offering a wide range of solutions to cater to the security needs of enterprises, expanding their customer base.
The emerging startups, including Enveil (U.S.), Cosmian (Paris), Duality (U.S.), PreVeil LLC (U.S.) are focusing on fund-raising activities to develop new offerings and support business expansion.
The competition in the encryption software market is characterized by strategic partnerships, new product launches, and geographic expansion. For instance, in November 2019, Sophos partnered with Telefonica UK (O2) to provide its products & services to Telefonicas customers in the UK. The partnership enables the customers to gain access to Sophos Central cloud-based security platform to secure their organizations. The companys products & services also enable customers to minimize cybersecurity risks by using behavioral analytics and machine learning to identify known & unknown threats. In August 2018, Kapalya, a Hawaii-based cybersecurity startup, introduced a data protection solution to secure data at rest and data in transit on private & public clouds and mobiles. The platform allows users to work on any device, ensuring end-to-end encrypted file sharing.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4484
Partial chapters of report table of contents (TOC):
Chapter 3. Encryption Software Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2015 2026
3.4. Evolution of encryption software
3.5. Encryption software industry architecture
3.6. Encryption software industry ecosystem analysis
3.7. Technology & innovation landscape
3.7.1. Quantum cryptography
3.7.2. Honey encryption
3.7.3. Lattice based cryptography
3.8. Regulatory landscape
3.8.1. North America
3.8.1.1. ENCRYPT Act of 2019 (U.S.)
3.8.1.2. Gramm-Leach-Bliley Act of 1999 (U.S.)
3.8.1.3. Personal Information Protection and Electronic Documents Act [(PIPEDA) Canada]
3.8.2. Europe
3.8.2.1. General Data Protection Regulation (EU)
3.8.2.2. Data Protection Authority (DPA) regulations on the transmission of personal data by e-mail (Denmark)
3.8.3. APAC
3.8.3.1. National Law on Cryptography (China)
3.8.3.2. Guide to securing personal data in electronic medium (Singapore)
3.8.4. Latin America
3.8.4.1. Law No. 9,296 of July 24, 1996 (Government Access to Encrypted Communications, Brazil)
3.8.4.2. National Directorate of Personal Data Protection (Argentina)
3.8.5. MEA
3.8.5.1. Policy of Control and Licensing of Commercial Encryption Items (Israel)
3.8.5.2. Regulation of Interception of Communications and Provision of Communication-related Information Act, 2002 (RICA- South Africa)
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. Stringent regulations on cybersecurity and data privacy compliances
3.9.1.2. Rising concerns over securing enterprise Intellectual Property (IP) assets
3.9.1.3. Increasing proliferation of cloud and virtualization technologies
3.9.1.4. Growing trend of Bring Your Own Devices (BYOD) among enterprises
3.9.2. Industry pitfalls & challenges
3.9.2.1. Complexities in encryption key management
3.9.2.2. Easy availability of pirated and free-to-use encryption software
3.9.2.3. Regulatory restrictions on cryptography and encryption
3.10. Growth potential analysis
3.11. Porters analysis
3.12. PESTEL analysis
Browse complete report table of contents @ https://www.gminsights.com/toc/detail/encryption-software-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:Arun HegdeCorporate Sales, USAGlobal Market Insights, Inc.Phone: 1-302-846-7766Toll Free: 1-888-689-0688Email: sales@gminsights.com
Link:
Encryption Software Market to cross USD 20 Bn by 2026: Global Market Insights, Inc. - Yahoo Finance
- WhatsApp overhauling status tab with encrypted Snapchat Stories-like feature - 9 to 5 Mac [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- GOP demands inquiry into EPA use of encrypted messaging apps - CNET [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Encryption Apps Help White House Staffers Leakand Maybe Break the Law - WIRED [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- World Wide Web Creator Calls for Internet Decentralization & Encryption - The Data Center Journal [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- What It Means to Have an 'Adult' Conversation on Encryption - Pacific Standard [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Confide in me! Encryption app leaks sensitive info from Washington DC - SC Magazine UK [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Gmail v7.2 Prepares to Add Support for S/MIME Enhanced Encryption - XDA Developers (blog) [Last Updated On: February 26th, 2017] [Originally Added On: February 26th, 2017]
- Top 6 Data Encryption Solutions - The Merkle [Last Updated On: February 26th, 2017] [Originally Added On: February 26th, 2017]
- Your Guide to the Encryption Debate - Consumer Reports - ConsumerReports.org [Last Updated On: February 26th, 2017] [Originally Added On: February 26th, 2017]
- Google helps put aging SHA-1 encryption out to pasture - Engadget [Last Updated On: February 26th, 2017] [Originally Added On: February 26th, 2017]
- Decipher your Encryption Challenges - Infosecurity Magazine [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- How the Politics of Encryption Affects Government Adoption - Freedom to Tinker [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- How Encryption Makes Your Sensitive Cloud-Based Data an Asset, Not a Liability - Security Intelligence (blog) [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- Set up VMware VM Encryption for hypervisor-level security - TechTarget [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- How The Media Are Using Encryption Tools To Collect Anonymous Tips - NPR [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- Encryption patent that roiled Newegg is dead on appeal | Ars Technica - Ars Technica [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- Research proposes 'full-journey' email encryption - The Stack [Last Updated On: March 1st, 2017] [Originally Added On: March 1st, 2017]
- Database-as-a-service platform introduces encryption-at-rest - BetaNews [Last Updated On: March 1st, 2017] [Originally Added On: March 1st, 2017]
- Encrypted Messaging Service 'Signal' Adds Video Call Option - Top Tech News [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- Germany, France lobby hard for terror-busting encryption backdoors ... - The Register [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- How to Send Encrypted Nudes, a Guide for the Discerning Lover - Inverse [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- Ironclad Encryption Corporation Announces New Ticker Symbol OTCQB: IRNC - Yahoo Finance [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- The Best Email Encryption Software of 2017 | Top Ten Reviews [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- No, you shouldn't delete Signal or other encrypted apps - TechCrunch [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Best encryption software: Top 5 - Computer Business Review [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Encryption Backdoors, Vault 7, and the Jurassic Park Rule of Internet Security - Just Security [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- That Encrypted Chat App the White House Liked? Full of Holes - WIRED [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- What the CIA WikiLeaks Dump Tells Us: Encryption Works - New York Times [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Snake-Oil Alert Encryption Does Not Prevent Mass-Snooping - Center for Research on Globalization [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Customer Letter - Apple [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Don't Let WikiLeaks Scare You Off of Signal and Other Encrypted Chat Apps - WIRED [Last Updated On: March 12th, 2017] [Originally Added On: March 12th, 2017]
- BT to offer customers encryption service for data - Capacity Media (registration) [Last Updated On: March 12th, 2017] [Originally Added On: March 12th, 2017]
- Encryption - technet.microsoft.com [Last Updated On: March 12th, 2017] [Originally Added On: March 12th, 2017]
- Use FileVault to encrypt the startup disk on ... - Apple Support [Last Updated On: March 12th, 2017] [Originally Added On: March 12th, 2017]
- Viber launches secret chats to go beyond encryption - SlashGear [Last Updated On: March 13th, 2017] [Originally Added On: March 13th, 2017]
- Zix wins 5-vendor email encryption shootout - Network World [Last Updated On: March 13th, 2017] [Originally Added On: March 13th, 2017]
- A lesson from the CIA WikiLeaks dump: Encryption works - The Seattle Times [Last Updated On: March 13th, 2017] [Originally Added On: March 13th, 2017]
- What the CIA WikiLeaks Dump Tells Us: Encryption Works - NewsFactor Network [Last Updated On: March 18th, 2017] [Originally Added On: March 18th, 2017]
- Panicked Secret Service Says It Lost Encrypted Laptop But It's Fine, Everything's Fine - Gizmodo [Last Updated On: March 18th, 2017] [Originally Added On: March 18th, 2017]
- Google Cloud adds new customer-supplied encryption key partners ... - ZDNet [Last Updated On: March 18th, 2017] [Originally Added On: March 18th, 2017]
- Preseeding Full Disk Encryption - Linux Journal [Last Updated On: March 18th, 2017] [Originally Added On: March 18th, 2017]
- Bypassing encryption: 'Lawful hacking' is the next frontier of law enforcement technology - Boston Business Journal [Last Updated On: March 18th, 2017] [Originally Added On: March 18th, 2017]
- SecurityBrief NZ - Gemalto introduces on-prem encryption key solution for 'highly regulated' organisations - SecurityBrief NZ [Last Updated On: March 21st, 2017] [Originally Added On: March 21st, 2017]
- 'Always Be Concerned': US Court Slaps Down Fifth Amendment Defense of Encryption - Sputnik International [Last Updated On: March 21st, 2017] [Originally Added On: March 21st, 2017]
- Quantum Key System Uses Unbreakable Light-Based Encryption to Secure Data - Photonics.com [Last Updated On: March 21st, 2017] [Originally Added On: March 21st, 2017]
- Wikileaks Only Told You Half The Story -- Why Encryption Matters More Than Ever - Forbes [Last Updated On: March 21st, 2017] [Originally Added On: March 21st, 2017]
- EPA Sued For Withholding Info On Encrypted Text Messages | The ... - Daily Caller [Last Updated On: March 22nd, 2017] [Originally Added On: March 22nd, 2017]
- Opinion Data encryption efforts ramp up in face of growing security threats - Information Management [Last Updated On: March 22nd, 2017] [Originally Added On: March 22nd, 2017]
- Bypassing encryption: Lawful hacking is the next frontier of law enforcement technology - Salon [Last Updated On: March 22nd, 2017] [Originally Added On: March 22nd, 2017]
- NeuVector Announces Container Visualization, Encryption, and Security Solution for NGINX Plus - DABCC.com [Last Updated On: March 23rd, 2017] [Originally Added On: March 23rd, 2017]
- Is encryption one of the required HIPAA implementation specifications? - TechTarget [Last Updated On: March 23rd, 2017] [Originally Added On: March 23rd, 2017]
- Paper Spells Out Tech, Legal Options for Encryption Workarounds - Threatpost [Last Updated On: March 23rd, 2017] [Originally Added On: March 23rd, 2017]
- Encryption debate needs to be nuanced, says FBI's Comey - TechTarget [Last Updated On: March 25th, 2017] [Originally Added On: March 25th, 2017]
- Comey Renews Debate Over Encryption - 550 KTSA [Last Updated On: March 25th, 2017] [Originally Added On: March 25th, 2017]
- UK minister says encryption on messaging services is unacceptable - Reuters [Last Updated On: March 28th, 2017] [Originally Added On: March 28th, 2017]
- The why and how of encrypting files on your Android smartphone - Phoenix Sun [Last Updated On: March 28th, 2017] [Originally Added On: March 28th, 2017]
- UK targets WhatsApp encryption after London attack - Yahoo News [Last Updated On: March 28th, 2017] [Originally Added On: March 28th, 2017]
- Critical flaw alert! Stop using JSON encryption | InfoWorld - InfoWorld [Last Updated On: March 28th, 2017] [Originally Added On: March 28th, 2017]
- SecureMyEmail is email encryption for everyone - TechRepublic - TechRepublic [Last Updated On: March 28th, 2017] [Originally Added On: March 28th, 2017]
- Apple iOS 10.3 will introduce encryption which makes it MORE difficult for cops and spooks to crack into ISIS nuts ... - The Sun [Last Updated On: March 29th, 2017] [Originally Added On: March 29th, 2017]
- How to Analyze An Encryption Access Proposal - Freedom to Tinker [Last Updated On: March 29th, 2017] [Originally Added On: March 29th, 2017]
- Questions for the FBI on Encryption Mandates - Freedom to Tinker [Last Updated On: March 29th, 2017] [Originally Added On: March 29th, 2017]
- Justice Department anti-terror chief keeps pressing on encryption - Politico (blog) [Last Updated On: March 29th, 2017] [Originally Added On: March 29th, 2017]
- UK government can force encryption removal, but fears losing, experts say - The Guardian [Last Updated On: March 29th, 2017] [Originally Added On: March 29th, 2017]
- Encryption FAQs [Last Updated On: March 29th, 2017] [Originally Added On: March 29th, 2017]
- Why isn't US military email protected by standard encryption tech? - Naked Security [Last Updated On: April 9th, 2017] [Originally Added On: April 9th, 2017]
- How have ARM TrustZone flaws affected Android encryption? - TechTarget [Last Updated On: April 9th, 2017] [Originally Added On: April 9th, 2017]
- Keeping the enterprise secure in the age of mass encryption - Information Age [Last Updated On: April 9th, 2017] [Originally Added On: April 9th, 2017]
- Lack of encryption led to Dallas siren hack - WFAA [Last Updated On: April 12th, 2017] [Originally Added On: April 12th, 2017]
- Internet Society tells G20 nations: The web must be fully encrypted - The Register [Last Updated On: April 12th, 2017] [Originally Added On: April 12th, 2017]
- Make Encryption Ubiquitous, Says Internet Society - Infosecurity ... - Infosecurity Magazine [Last Updated On: April 12th, 2017] [Originally Added On: April 12th, 2017]
- Can we encrypt the web while giving governments a backdoor to snoop? - SC Magazine UK [Last Updated On: April 12th, 2017] [Originally Added On: April 12th, 2017]
- Why we need to encrypt everything - InfoWorld [Last Updated On: April 12th, 2017] [Originally Added On: April 12th, 2017]
- Hacked Dallas sirens get extra encryption to fend off future attacks - Computerworld [Last Updated On: April 12th, 2017] [Originally Added On: April 12th, 2017]
- SHA-1 Encryption Has Been Broken: Now What? - Forbes [Last Updated On: April 14th, 2017] [Originally Added On: April 14th, 2017]
- Hewlett Packard Enterprise touts encryption tool for federal clients - The Hill [Last Updated On: April 14th, 2017] [Originally Added On: April 14th, 2017]
- Encryption on the Rise in Age of Cloud - Infosecurity Magazine - Infosecurity Magazine [Last Updated On: April 14th, 2017] [Originally Added On: April 14th, 2017]
- Lawmaker Pushes Bill That Requires Encryption by Pennsylvania State Employees - Government Technology [Last Updated On: April 14th, 2017] [Originally Added On: April 14th, 2017]
- Disk encryption - Wikipedia [Last Updated On: April 14th, 2017] [Originally Added On: April 14th, 2017]
- The apps to use if you want to keep your messages private - Recode [Last Updated On: April 15th, 2017] [Originally Added On: April 15th, 2017]