Encryption Software Market by Usage (Encryption for Data-at-rest and Encryption for Data-in-transit) and Vertical (Financial Sector, Healthcare, Public Sector and Others) - Global Opportunity Analysis and Industry Forecast, 2013 - 2020

Software-based encryption is one of the fast emerging end point data security solutions. An increasing number of organizations worldwide are adopting encryption to address their growing concerns of data safety and data privacy compliance regulations. With data protection and compliance becoming a high priority, organizations have started to view encryption as an enabler to achieve compliance, data security and flexibility. In addition to the complex regulations, increasing adoption of new technologies such as mobility, cloud and virtualization have also fuelled the need for encryption more than ever before.

The main purpose of an encryption software is to protect the confidentiality of the data stored in files/folders and disks or data-at-rest; and the data travelling over wireless network or data-in-transit, depending upon the security and compliance requirements of an organization. This is achieved by converting a message or plain text into coded message called the Cipher text so that only the authorized parties can read it. Software-based encryption uses software to encrypt and decrypt data at-rest as well as data-in-transit. Thus, by rendering the data unreadable by unauthorized persons, encryption software ensures the safety and security of the confidential data. Additionally, a number of data privacy legislations mandate the use of encryption or cite encryption as one most appropriate measures of data protection. Thus, the adoption of encryption would continue to grow in response to data protection compliance regulations and the on-going cyber attacks.

The global encryption software market is expected to reach $2.16 billion by 2020, growing at a CAGR (compounded annual growth rate) of CAGR of 14.27% from 2014 to 2020. The global encryption software market has been segmented in this report as per usage, segments, geography and verticals. On the basis of usage, the global encryption software market is categorized into Data-at-rest and Data-in-transit. The Data-at-rest encryption software market is further bifurcated into two key segments; Full Disk Encryption (FDE) and File level encryption (FLE). The global encryption software market stakeholders encompass IT security providers, IT security consultants, venture capitalists, and enterprises across different industry verticals. The global encryption software market in terms of geography covers North America, Europe, APAC and LAMEA. Presently, North America dominates the global encryption software market, followed by Europe. It is expected that the North America would continue to dominate the global encryption software market from 2014 to 2020 owing to the burgeoning number of high profile data breaches, stringent data privacy compliance regulations and the increasing adoption of technologies specifically cloud and mobility.

KEY BENEFITS

    The study provides an in-depth analysis of the encryption software market with current and future trends to elucidate the imminent investment pockets in the market

    Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends for gaining a stronger foothold in the market

    The report provides information regarding key drivers, restraints and opportunities with impact analysis

    Quantitative analysis of the current market and estimations through 2013-2020 are provided to highlight the financial caliber of the market

    Porters Five Forces model and SWOT analysis of the industry illustrates the potency of the buyers & suppliers participating in the market

    Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain

KEY MARKET SEGMENTATION

The market is segmented on the basis of usage, vertical and geography.

MARKET BY USAGE

    Encryption for Data-at-rest

        Full Disk Encryption (FDE)

        File Level Encryption (FLE)

    Encryption for Data-in-transit

        Email Encryption

MARKET BY VERTICAL

    Financial Sector

    Healthcare

    Public Sector

    Others (Retail)

MARKET BY GEOGRAPHY

North America

    United States

    Canada

    Others

Europe

    United Kingdom

    France

    Germany

    Others

Asia Pacific

    Japan

    China

    India

    Australia

    Others

LAMEA

    Mexico

    UAE

    South Africa

    Others

CHAPTER 1 INTRODUCTION

1.1 Report description

1.2 Key benefits

1.3 Key market segmentation

1.4 Research methodology

1.4.1 Secondary research

1.4.2 Primary research

1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY:

2.1 Market beyond: what to expect by 2025

2.1.1 Base case scenario

2.1.2 Rapid growth scenario

2.1.3 Critical growth scenario

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope

3.1.1 Encryption overview

3.2 Encryption software

3.2.1 Drivers

3.2.1.1 Increased compliance regulations

3.2.1.2 Growing number and complexity of number of data breaches:

3.2.1.3 Snowden Revelations

3.2.1.4 Increased adoption of cloud and virtualization

3.2.1.5 Increased Mobility

3.2.2 Challenges

3.2.2.1 Management of Encryption Keys: Increased Costs and Complexity

3.2.2.2 Lack of awareness and education

3.2.2.3 Regulatory restrictions on crypto-software:

3.2.3 Trends

3.2.3.1 Increasing deployment of enterprise wide encryption strategy

3.2.3.2 Increasing demand for Cloud data encryption

3.3 Key findings

3.3.1 Top factors impacting the market

3.3.2 Top winning strategies

3.3.3 Top investment pockets

3.4 Porters five force analysis

3.4.1 Bargaining power of supplier

3.4.2 Bargaining power of buyer

3.4.3 Threat of substitute

3.4.4 Threat of new entrants

3.4.5 Competition within the industry

3.5 Market share analysis, 2013

CHAPTER 4 GLOBAL ENCRYPTION SOFTWARE MARKET BY USAGE:

4.1 Introduction

4.2 Data at rest encryption software market

4.2.1 Market size and forecasts by segments

4.2.2 Full disk/whole disk encryption (FDE)

4.2.2.1 Drivers

4.2.2.2 Challenges

4.2.3 File/folder level encryption (FLE) software

4.2.3.1 Drivers

4.2.3.2 Challenges

4.2.4 Market trends

4.2.5 Market size and forecasts by geography

4.2.5.1 North America

4.2.5.1.1 DRIVERS

4.2.5.1.2 CHALLENGES

4.2.5.1.3 TRENDS

4.2.5.1.4 UNITED STATES

4.2.5.1.5 CANADA

4.2.5.1.6 OTHERS

4.2.5.2 Europe

4.2.5.2.1 DRIVERS

4.2.5.2.2 CHALLENGES

4.2.5.2.3 TRENDS

4.2.5.2.4 UNITED KINGDOM

4.2.5.2.5 FRANCE

4.2.5.2.6 GERMANY

4.2.5.2.7 OTHERS

4.2.5.3 APAC

4.2.5.3.1 DRIVERS

4.2.5.3.2 CHALLENGES:

4.2.5.3.3 CHINA

4.2.5.3.4 JAPAN

4.2.5.3.5 INDIA

4.2.5.3.6 AUSTRALIA

4.2.5.3.7 OTHERS

4.2.5.4 LAMEA:

4.2.5.4.1 DRIVERS

4.2.5.4.2 CHALLENGES

4.2.5.4.3 MEXICO

4.2.5.4.4 UAE

4.2.5.4.5 SOUTH AFRICA

4.2.5.4.6 OTHERS

4.2.6 Market size and forecasts by Industry verticals

4.2.6.1 Financial services

4.2.6.1.1 DRIVERS

4.2.6.2 Healthcare

4.2.6.2.1 DRIVERS

4.2.6.3 Public sector (Government & other security agencies)

4.2.6.3.1 DRIVERS:

4.2.6.4 Others

4.2.6.4.1 DRIVERS:

4.3 Data in transit encryption software market (Email Encryption)

4.3.1 Drivers

4.3.2 Challenges

4.3.1 Market size and forecasts by Geography

4.3.2 North America

4.3.2.1 United States

4.3.2.2 Canada

4.3.2.3 Others

4.3.3 Europe

4.3.3.1 United Kingdom

4.3.3.2 France

4.3.3.3 Germany

4.3.3.4 Others

4.3.4 APAC

4.3.4.1 China

4.3.4.2 Japan

4.3.4.3 India

4.3.4.4 Australia

4.3.4.5 Others

4.3.5 LAMEA

4.3.5.1 Mexico

4.3.5.2 UAE

4.3.5.3 South Africa

4.3.5.4 Others

4.3.6 Market size and forecasts by Industry Verticals

4.3.7 Long-term opportunistic Markets for Data in Transit Encryption Software

4.3.7.1 Drivers

4.3.7.2 Challenges

CHAPTER 5 COMPANY PROFILES AND ANALYSIS

5.1 Symantec

5.1.1 Company overview

5.1.2 Company snapshot

5.1.3 Business performance

5.1.4 Strategic moves and developments

5.1.4.1 Organic growth strategies: organizational restructuring & product launches

5.1.4.2 Inorganic growth strategies: Partnerships and Acquisitions

5.1.5 SWOT analysis & strategic conclusions of Symantec

5.2 Sophos

5.2.1 Company overview

5.2.2 Company snapshot

5.2.3 Business performance

5.2.4 Strategic moves and developments

5.2.4.1 Organic growth strategies: Product Launches

5.2.4.2 Inorganic growth Strategies: Partnerships and acqusitions

5.2.5 SWOT analysis & strategic conclusions of Sophos

5.3 McAfee

5.3.1 Company overview

5.3.2 Company snapshot

5.3.3 Business performance

5.3.4 Strategic moves and developments

5.3.4.1 Organic growth strategies: Product Launches

5.3.4.2 Inorganic growth strategies: Partnerships and Acquisitions

5.3.5 SWOT analysis & strategic conclusions

5.4 Check Point Software Technologies

5.4.1 Company overview

5.4.2 Company snapshot

5.4.3 Business performance

5.4.4 Strategic moves and developments

5.4.4.1 Organic growth strategies: Product Launches

5.4.4.2 Inorganic growth strategies: Partnerships and acquisitions

5.4.5 SWOT analysis & strategic conclusions of Checkpoint

5.5 Proofpoint

5.5.1 Company overview

5.5.2 Company snapshot

5.5.3 Business performance

5.5.4 Strategic moves and developments

5.5.4.1 Organic growth strategies: product launches

5.5.4.2 Inorganic strategies: partnerships and acquisitions

5.5.5 SWOT analysis & strategic conclusions of Proofpoint

5.6 Trend Micro

5.6.1 Company overview

5.6.2 Company snapshot

5.6.3 Business performance

5.6.4 Strategic moves and developments

5.6.4.1 Organic growth strategies: organizational restructuring and product launches

5.6.4.2 Inorganic growth strategies: acquisitions and partnerships

5.6.5 SWOT analysis & strategic conclusions of Trend Micr

TABLE 1 GLOBAL ENCRYPTION SOFTWARE MARKET MODERATE GROWTH SCENARIO, 2020 – 2025 ($ MILLION)

TABLE 2 GLOBAL ENCRYPTION SOFTWARE MARKET RAPID GROWTH SCENARIO, 2020 – 2025 ($ MILLION)

TABLE 3 GLOBAL ENCRYPTION SOFTWARE MARKET RAPID GROWTH SCENARIO, 2020 – 2025 ($ MILLION)

TABLE 4 KEY COMPLIANCE STANDARDS AND REGULATIONS

TABLE 5 REGULATIONS IN OTHER KEY ASIAN REGIONS

TABLE 6 MOST RECENT AND SIGNIFICANT DATA BREACHES OF 2014

TABLE 7 TABLE OF ACQUISITIONS BY DOMINANT PLAYERS

TABLE 8 GLOBAL ENCRYTION SOFTWARE MARKET BY VALUE, 2013 - 2020 ($MILLION)

TABLE 9 GLOBAL ENCRYPTION SOFTWARE MARKET BY INDUSTRY VERTICALS, 2013 - 2020 ($MILLION)

TABLE 10 GLOBAL ENCRYPTION SOFTWARE MARKET BY GEOGRAPHY, 2013 - 2020 ($MILLION)

TABLE 11 GLOBAL DATA-AT-REST ENCRYTION SOFTWARE MARKET BY VALUE, 2013 - 2020 ($MILLION)

TABLE 12 GLOBAL DATA-AT-REST ENCRYPTION SOFTWARE MARKET, BY INDUSTRY VERTICAL, 2013 - 2020 ($MILLION)

TABLE 13 GLOBAL DATA-AT-REST ENCRYPTION SOFTWARE MARKET, BY GEOGRAPHY, 2013 - 2020 ($MILLION)

TABLE 14 GLOBAL DATA-AT-REST ENCRYPTION SOFTWARE MARKET BY SEGMENTS, 2013 - 2020 ($MILLION)

TABLE 15 GLOBAL FDE ENCRYPTION SOFTWARE MARKET BY VALUE, 2013 - 2020 ($MILLION)

TABLE 16 GLOBAL FLE ENCRYPTION SOFTWARE MARKET BY VALUE, 2013 - 2020 ($MILLION)

TABLE 17 NORTH AMERICA DATA-AT-REST ENCRYPTION MARKET BY SEGMENTS, 2013 - 2020 ($MILLION)

TABLE 18 EUROPEAN DATA-AT-REST ENCRYPTION SOFTWARE MARKET BY SEGMENTS, 2013 - 2020 ($MILLION)

TABLE 19 APAC DATA-AT-REST ENCRYPTION SOFTWARE MARKET BY SEGMENTS, 2013 - 2020 ($MILLION)

TABLE 20 LAMEA DATA-AT-REST ENCRYPTION SOFTWARE MARKET BY SEGMENTS, 2013 - 2020 ($MILLION)

TABLE 21 GLOBAL FINANCIAL SERVICES DATA-AT-REST ENCRYPTION SOFTWARE MARKET BY SEGMENTS, 2013 - 2020 ($MILLION)

TABLE 22 GLOBAL HEALTHCARE SECTOR DATA-AT-REST ENCRYPTION SOFTWARE MARKET BY SEGMENTS, 2013 - 2020 ($MILLION)

TABLE 23 GLOBAL PUBLIC SECTOR DATA-AT-REST ENCRYPTION SOFTWARE MARKET BY SEGMENTS, 2013 - 2020 ($MILLION)

TABLE 24 GLOBAL OTHER INDUSTRIES DATA-AT-REST ENCRYPTION SOFTWARE MARKET BY SEGMENTS, 2013 - 2020 ($MILLION)

TABLE 25 GLOBAL DATA-IN-TRANSIT ENCRYPTION SOFTWARE MARKET BY GEOGRAPHY, 2013 - 2020 ($MILLION)

TABLE 26 GLOBAL DATA-IN-TRANSIT ENCRYPTION SOFTWARE MARKET BY INDUSTRY VERTICAL, 2013 - 2020 ($MILLION)

TABLE 27 SYMANTEC BUSINESS SNAPSHOT

TABLE 28 SOPHOS BUSINESS SNAPSHOT

TABLE 29 MCAFEE BUSINESS SNAPSHOT

TABLE 30 CHECK POINT BUSIESS SNAPSHOT

TABLE 31 PROOFPOINT BUSINESS SNAPSHOT

TABLE 32 TREND MICRO BUSINESS SNAPSHOT FIG. 1 TOP IMPACTING FACTORS, BASE CASE SCENARIO (2020-2025)

FIG. 2 TOP IMPACTING FACTORS,RAPID CASE SCENARIO (2020-2025)

FIG. 3 TOP IMPACTING FACTORS, CRITICALCASE SCENARIO (2020-2025)

FIG. 1 TOP IMPACTING FACTORS

FIG. 2 TOP WINNING STRATEGIES IN ENCRYPTION SOFTWARE MARKET

FIG. 3 TOP INVESTMENT POCKETS

FIG. 4 PORTERS FIVE FORCE ANALYSIS

FIG. 5 MARKET SHARE ANALYSIS, 2013

FIG. 6 MARKET SHARE ANALYSIS OF THE ENCRYPTON SOFTWARE MARKET SIZE BY INDUSTRY VERTICAL, 2013 & 2020

FIG. 7 MARKET SHARE ANALYSIS OF THE ENCRYPTON SOFTWARE MARKET SIZE BY INDUSTRY VERTICAL, 2013 & 2020

FIG. 8 MARKET SHARE ANALYSIS OF THE ENCRYPTON SOFTWARE MARKET SIZE BY USAGE, 2013 & 2020

FIG. 9 MARKET SHARE ANALYSIS OF DATA-AT-REST ENCRYPTON SOFTWARE MARKET SIZE BY USAGE, 2013 & 2020

FIG. 10 REVENUE GENERATED BY SYMANTEC., 2012 - 2014, ($ MILLION)

FIG. 11 SYMANTEC FINANCIAL REVENUES (2014), BY OPERATING SEGMENT (%)

FIG. 12 SYMANTEC FINANCIAL REVENUES (2014), BY GEOGRAPHIC REGIONS (%)

FIG. 13 SWOT ANALYSIS OF SYMANTEC

FIG. 14 REVENUE GENERATED BY SOPHOS, 2012 - 2014, $ MILLION

FIG. 15 FINANCIAL REVENUES (2014), BY GEOGRAPHIC REGIONS

FIG. 16 SWOT ANALYSIS OF SOPHOS

FIG. 17 REVENUE GENERATED BY INTEL’S SSG (MCAFEE) SEGMENT, 2011 - 2013, $ MILLION

FIG. 18 SWOT ANALYSIS OF MCAFEE

FIG. 19 REVENUE GENERATED BY CHECK POINT SOFTWARE TECHNOLOGIES, 2011 - 2013, $ MILLION

FIG. 20 FINANCIAL REVENUES 2013, BY GEOGRAPHY

FIG. 21 SWOT ANALYSIS OF CHECK POINT SOFTWARE

FIG. 22 REVENUE GENERATED BY PROOFPOINT, 2011 - 2013, $ MILLION

FIG. 23 FINANCIAL REVENUES (2013), BY SEGMENTS

FIG. 24 FINANCIAL REVENUES (2013), BY GEOGRAPHIC AREA

FIG. 25 SWOT ANALYSIS OF PROOFPOINT

FIG. 26 REVENUE GENERATED BY TREND MICRO, (2011 - 2013 ), $ MILLION

FIG. 27 FINANCIAL REVENUES (2013), BY GEOGRAPHIC REGIONS

FIG. 28 SWOT ANALYSIS OF TREND MICRO