Encryption Software Market Analysis

  • Report ID: 4963
  • Published Date: May 09, 2025
  • Report Format: PDF, PPT

Encryption Software Segmentation

Component (Software, Services)

The software segment will have a significant market share during the forecast period, due to rising trend of the Internet of Things (IoT), Bring Your Own Device (BYOD), and Internet of Everything (IoE) among enterprises.

In addition, there has been a rising use of cloud-based encryption software solutions to protect the physical intrusions on the information of corporation assets either by cybercrime groups or any employee. Increasing infringement and theft of huge data stored in the company’s cloud server can lead to financial loss if not protected by encryption software.

Industry Vertical (IT, Telecommunications, BFSI, Healthcare & Life Sciences, Manufacturing, Retail, Government, Energy, & Utilities)

The BFSI segment in the encryption software market is anticipated to witness noteworthy growth during the forecast period. The need for data security in the banking, finance, security, and insurance companies is much more compared to other sectors as they withhold confidential and sensitive data of all the customers that cannot be revealed at any cost.

Our in-depth analysis of the market includes the following segments:

          Component

  • Software
  • Services

          Application

  • Disk Encryption
  • Database Encryption
  • Cloud Encryption
  • Folder Encryption

          Industry Vertical

  • IT
  • Telecommunications
  • BFSI
  • Healthcare and Life Sciences
  • Manufacturing
  • Retail
  • Government
  • Energy
  • Utilities

          Deployment Model

  • On-Premises
  • Cloud

 

          Enterprise Size

  • Large Sized Enterprises
  • Small Sized Enterprises
  • Medium-Sized Enterprises

 

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

Encryption Software Market in 2025 is evaluated at USD 19.25 billion.

The global market size crossed USD 17.16 billion in 2024 and is likely to register a CAGR of over 15.2%, exceeding USD 107.99 billion revenue by 2037.

Asia Pacific is estimated to record largest share by 2037, fueled by rising use of data storage technologies and concerns about cyber security.

The major players in the market include Amazon Web Services, Inc. (AWS), Company OverviewBusiness StrategyKey Product OfferingsFinancial PerformanceKey Performance IndicatorsRisk AnalysisRecent DevelopmentRegional PresenceSWOT AnalysisIBM Corporation, Microsoft Corporation, Check Point Software Technologies, F-Secure, Fortinet, Inc., Oracle Corporation, Cisco System, Inc., Palo Alto Networks, Inc., Trend Micro Incorporated.
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