The global encryption software market size was valued at USD 13.46 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. Data security concerns are rising with the growing trend of the Internet of Things (IoT) and Bring Your Own Device (BYOD) among enterprises. It has further led to increased instances of cyberattacks, commercial espionage, data breaches, and theft & losses in companies, which is poised to escalate the need to protect sensitive data and ensure compliance.

Mobile technology advancements in hardware and software, their dissemination among businesses, and the growing penetration of smartphones are likely to catapult the demand for encryption software by 2030. The growing penetration of mobile devices across organizations has augmented the risk of data loss among enterprises, which has made executing encryption software imperative for safe data transmission. Furthermore, as enterprises are increasingly moving towards cloud computing, the need to safeguard sensitive data is increasing, thus resulting in increased deployment of this software.

Gather more insights about the market drivers, restrains and growth of the Global Encryption Software Market

Encryption Software Market Report Highlights

• The BFSI segment is anticipated to witness healthy growth during the forecast period owing to aggressive adoption of encryption software in order to safeguard sensitive and confidential data
• With rising adoption of disk coding software to secure laptops and desktop by encrypting all the data at rest on a hard drive, the disk encryption segment is dominating the market
• The Asia Pacific is expected to expand at the fastest CAGR, owing to a lack of storage infrastructure, prompting organizations to store data on the cloud.  
• The global encryption software market is fragmented with presence of several new and well-established players. Companies are emphasizing on product development in compliance with regulatory standards and evolving end-use requirements to stay competitive in the market

Browse through Grand View Research's Network Security Industry Research Reports.

• The big data security market size was estimated at USD 20.82 billion in 2023 and is anticipated to grow at a CAGR of 17.3% from 2024 to 2030. 
• The global deep packet inspection market sizewas valued at USD 26.83 billion in 2023 and is projected to grow at a CAGR of 25.1% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global encryption software market based on deployment, application, end-use, and region:

Encryption Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-premise
• Cloud-based

Encryption Software Application Outlook (Revenue, USD Million, 2017 - 2030)

• Disk encryption
• File/Folder Encryption
• Database Encryption
• Web Communication Encryption
• Network Traffic Encryption
• Cloud Encryption
• Others

Encryption Software End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• IT & Telecom
• Retail
• G&PA
• Healthcare
• Defense & Aerospace
• Education
• Manufacturing

Encryption Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • United Arab Emirates (UAE)
  • Saudi Arabia
  • South Africa

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