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Encryption Software Market Share

Report ID: GMI4484
Published Date: Nov 2023
Report Format: PDF

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Encryption Software Market Share

Major companies operating in the encryption software industry are:

AO Kaspersky Lab
Check Point Software Technologies Ltd.
Ciphercloud.com
Dell Technologies Inc.
McAfee, LLC (Intel Corporation)
Proofpoint
Sophos Ltd.
Symantec (Broadcom)
Trend Micro Inc.

In the encryption software market, dominant companies including Symantec (Broadcom) and Trend Micro Inc. compete fiercely, offering advanced solutions. These companies constantly innovate, expand their product portfolios, enhance security features, and provide robust customer support to maintain their market leadership amid evolving cybersecurity challenges.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of encryption software reached USD 11.2 billion in 2022 and is set to expand at over 15% CAGR from 2023 to 2032, driven by the escalating frequency and sophistication of data breaches.

On-premises encryption software industry held over USD 7.6 billion in revenue in 2022, owing to their rising preference among businesses to offer enhanced control, customization, and security.

North America accounted for 41% of the market share in 2022, attributed to technological advancements and the robust presence of robust ecosystem of research, development, and tech companies in the region.