IBM Corporationrevealed the End-to-End Quantum-Safe Technology a new software tool to protect the government and private business data with deep security expertise developed as an end-to-end solution. IBM developed this new technology to protect the risk of security in quantum systems by including cryptography, quantum computing, and critical infrastructure experience.
Amazon Web Services, Inc. started Amazon Simple Storage Service (Amazon S3) encrypts all new objects with security as its prime priority. The Amazon S3 is automatically applied to server-side encryption and handled all the encryption, and decryption, and manages everything in a transparent manner.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 4963
Published Date: Jun 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing adoption of the internet and rising digitalization, and growing regulatory standards for security are the major factors driving the market growth.
The market size of encryption software is anticipated to attain a CAGR of ~15% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Amazon Web Services, Inc. (AWS), IBM Corporation, Microsoft Corporation, Check Point Software Technologies, F-Secure, Fortinet, Inc., Oracle Corporation, Cisco System, Inc., Palo Alto Networks, Inc., and Trend Micro Incorporated.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by component, application, industry vertical, deployment model, enterprise size, and by region.
The software segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Easy availability of pirated and open-access software, and the high cost of encryption software solutions are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.