SAN FRANCISCO, October 19, 2016 /PRNewswire/ --
The global encryption software market is expected to reach USD 8.402.9 million by 2024, according to a new study by Grand View Research, Inc. Organization vulnerabilities are on a rise with enterprises working through the disaggregated point solutions and a multitude of management platforms, which is anticipated to drive the encryption software market over the forecast period.
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Encryption software enables the protection of confidentiality of the information stored in the database and data in transit as per the compliance and security requirements of any organization. This renders the data unreadable even to the authorized person, thereby enhancing the security of confidential data. Publicized data loss together with new governance and compliance regulations is expected to drive the need for customers to encrypt data. Organizational best practices point towards data encryption as a key solution for data privacy. However, the lack of budget is the key reason cited by organizations for being unable to make extensive investments in encryption solutions and this is presumed to challenge the industry demand.
Browse full research report with TOC on "Encryption Software Market Analysis By Deployment (On-premise, Cloud-based), By Application (Disk Encryption, File/Folder Encryption, Database Encryption, Web Communication Encryption, Network Traffic Encryption, Cloud Encryption), By End-Use (BFSI, Healthcare, Retail, Government & Public Administration, IT & Telecom, Defense & Aerospace, Education, Manufacturing) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/encryption-software-market
Further key findings from the study suggest:
Grand View Research has segmented the global encryption software market on the basis of deployment, application, end-use, and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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