Global Encryption Software Market: Market Research by Knowledge Sourcing Intelligence
The encryption software market is anticipated to grow at a decent CAGR. Encryption software is used for preventing unauthorized access to confidential and sensitive data in different organization globally. The demand for encryption software is growing on account of the rising incidence of a data breach which could significantly impact the operations of an organization. Simultaneously, government regulation focusing on information protection of sensitive data is further supplementing the growth of the market. However, the tendency of some organizations using their own encryption techniques to protect the data is limiting the adoption of encryption software. The growing trend of digitalization is leading to mounting concerns regarding the security of the data to ensure smooth business operations. In fact, the organizations are continuously increasing their IT security budget globally as well. Moreover, the number of data breach incidences globally is growin...