global encryption software market 2015-2019
TRANSCRIPT
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Global Encryption Software Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Key Trends
TechNavio’s Senior Analyst says, “The growth of the market is driven by many factors such as the increase in the number of data breaches. Organizations are increasingly focusing on securing critical data and improving customer satisfaction. Encryption software provides organizations with various regulations that help to reduce the number of breaches, driving the demand for encryption software solutions. Increased adoption of cloud computing is another major market driver.”
• Encryption is a technique that is used to protect and secure data during the transfer of plain text information between two users in a cipher format through the internet. The process uses mathematical algorithms that convert information into an undecipherable format that can only be unlocked and accessed with the use of secret encrypted codes.
• TechNavio's analysts forecast the Global Encryption Software market to grow at a CAGR of 17.36 percent over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Encryption Software Market 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our report:
Global Encryption Software Market 2015-2019
Check Point Software Technologies Ltd.
Cisco Systems Inc.
McAfee Inc
Check Point Software offers endpoint FDE that provides automatic security for all information on the endpoint hard drive. It prevents unauthorized access when laptops and desktops are stolen or damaged.
Cisco Systems offers Cisco IronPort Email Encryption, which helps senders to have full control of their content even after it has been sent. Encrypted messages can be opened by any AOL, Yahoo, Gmail, or Hotmail user.
McAfee offers endpoint encryption that provides superior encryption solutions to users on laptops and desktops. Endpoint encryption uses strong access control with pre-boot authentication and a NIST-approved algorithm to encrypt data.
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Market Landscape• Encryption software solutions are being adopted across industries.
• Usage of encryption software is expected to increase across a number of enterprise verticals during the forecast period, with the BFSI sector being the major adopter.
• This sector accounted for a 39.22 percent share in the Global Encryption Software market in 2014.
• The BFSI sector requires process security and accuracy because of the amount of paperwork.
• Hence, it becomes important for this sector to protect critical data by using encryption software.
• Use of digital signatures in e-banking, online loan applications, and other approval systems helps to rule out paper costs and maintains secure banking operations.
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Key Buying CriteriaGuest Bloggers
• Authenticity • Delivery • Price• Service
Support
Parameter Details
Cost-effectiveness The subscription or usage fee for encryption software must be cost-effective
Reliability The encryption software must be reliable to be able to store and access critical information instantly
Scalability The encryption software should be able to handle changes in the volume of data
Security The software must be able to prevent information leaks and unauthorized access to enterprise data
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Encryption Software Market 2015-2019
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