Driven factors fueling the Encryption Software Market

Our ever-connected digital world is targeted by a set of threats that focus on critical and sensitive data; the most decisive asset. 

In effect, one can observe that, the encryption software market is driven by factors such as increasing need to safeguard critical business information against advanced threats, manifestation of dynamic business environment, and compliance to cyber security guidelines and regulations.

According to Research and Markets, the encryption software market size is estimated to grow from USD 3.05 billion in 2016 to USD 8.94 billion by 2021.

Increasing operational costs and emergence of hardware-based full disk encryption limit the growth of encryption software market.