Encryption Software is meant to protect digital information on computers, and shared on via networks and internet. The software uses cryptography to secure digital messages and make it highly difficult to read. The organizations are investing on software based encryption, as the data breaches are likely to become sophisticated. In addition, strict regulations, and high adoption rate of virtualization and cloud are also driving the growth of encryption software market.

At present, software based encryption is high growing end-point data security solution. The market is supported by the rising trend of BYOD, and emergence of database-as-a-service. The organizations have high expectations with the product, and look for highly sophisticated ones. High complexity and high costs of running the software effectively are likely to hinder the growth of the market.

The rise in the number of sophisticated cyberattacks, risk of losing critical data, and strict regulations and compliances are the major drivers for the growth of encryption software market. The market is segmented by application, deployment type, services, organization type, verticals, and regions. Some of the encryption software market vendors present in the market are Sophos, CheckPoint Software Technologies, Microsoft, IBM, Symantec, SAS, McAfee and EMC.

The study covers and analyses the “Encryption Software” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.