Market Report, "Encryption Software Market - Global Forecast and Analysis 2014 - 2019", published

From: Fast Market Research, Inc.
Published: Mon Feb 16 2015

Encryption Software Market by Applications (Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption, Cloud Encryption), by Deployment Type (Cloud, On-Premises) & by Regions (NA, Europe, APAC, MEA, LA) - Global Forecast and Analysis 2014 - 2019

The pervasive technological advancements such as mobility and cloud are considerably transforming the work ways in companies. In the past few years, businesses have extensively incorporated diverse technological progressions such as PCs, social media, cloud and mobility which have led to enlargement of data being generated across companies. This is evident from the widespread embracement of mobile devices among businesses to leverage mobility for superior productivity. Thus, the expansive usage of mobile devices such as smartphones, tablets, and removable media for accessing and transmitting business data escalates the propensity of data loss and breach. Thereby, this encourages the adoption of data security solutions across companies.

Full Report Details at

The encryption software market is fast gaining traction mainly due to the introduction and reception of the Bring Your Own Device (BYOD) trend, the growing demand among organizations for augmenting efficiency through safeguarding data transfer with the help of emails across mobile devices. Additionally, the rising data security apprehensions involved in business information access and transfer across these devices further demands security solutions.

Today, organizations are quickly embracing data security solutions to supplement flexible work culture among workforce in a secure manner as it delivers the employees with flexibility in work patterns, and thereby augments the productivity of the companies. Further, the growing volume and strength of cyber-attacks and commercial espionage along with rising proclivity of mobile devices loss and theft is further empowering the adoption of encryption solutions for enabling secure transmission of data across these devices and abstaining commercial espionage and cyber-attacks.

Furthermore, the adoption of encryption software is fortified due to the evolution of mandate regulatory standards related to data transfer and its security, that needs to be complied with, across diverse industry verticals such as PCI DSS for BFSI and HIPPA for healthcare, as these solutions adhere with certain specific regulatory norms and enable secured access to data and its transmission across diverse devices including PCs, and mobile devices. Hence, the emergence of these solutions is further adding to the demand of encryption software across the world.

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