2010–2014 Global Encryption Software Market
technavio insights
2010–2014 Global Encryption Software Market
CONTENTS
01. Executive Summary ..............................................1
02. Introduction ...........................................................2
03. Market Coverage .................................................3
04. Market Landscape ................................................4
05. Vendor Landscape .............................................10
06. Buying Criteria .....................................................13
07. Market Growth Drivers ........................................14
08. Drivers and their Impact .....................................16
09. Market Challenges .............................................17
10. Market Trends ......................................................19
11. Key Vendor Analysis ...........................................21
11.1 McAfee, Inc. ........................................................................ 21
11.2 Symantec Corp. .................................................................. 22
11.3 Sophos Ltd. ........................................................................... 23
11.4 Cisco Systems Inc. ............................................................... 24
12. Other Reports in this Series .................................25
2010–2014 Global Encryption Software Market
2010–2014 Global Encryption Software Market
EXHIBITS
Exhibit 1: Global Encryption Software Market 2010–2014
(US$ billion).............................................................................4
Exhibit 2: Global Encryption Software Market
Segmentation by Verticals 2010 .........................................5
Exhibit 3: Global Encryption Software Market by
Geographical Segmentation 2010 ....................................6
Exhibit 4: Global Encryption Software Market by End-user
Segmentation 2010 ..............................................................7
Exhibit 5: Global Encryption Software Market by Vendor
Segmentation 2010 ............................................................11
2010–2014 Global Encryption Software Market
Global Encryption Software Market 1
01. Executive Summary
2010: US$1.2 billion
Market Size
2014: US$2 billion
Growth Rate 13 percent CAGR
The Americas
Key Geographies EMEA
APAC
Enterprise
Key Customer Education
Segments Government
Healthcare
Enhanced Features of Encryption Software
Trends Increasing Adoption of Mobile Device Encryption Solutions
Changes in Administrative Policies
Changing Regulatory Compliance Requirements
High Frequency of Data Loss
Drivers
High Cost of Data Loss
Increase in Enterprise Mobility
Increase in Administrative Overheads
Challenges Increasing Use of Mobile Devices
Compatibility with Existing Systems
High Scalability and Interoperability
Comfortable Integration Options with Existing Systems
Key Customer Needs
Easy Deployment Options
User-friendly Interface
McAfee Inc.
Symantec Corp.
Key Vendors
Sophos Ltd.
Cisco Systems Inc.
2010–2014 Global Encryption Software Market
Global Encryption Software Market 2
02. Introduction
Encryption is the process of transforming information using an algorithm to make it unreadable to
anyone except those possessing special knowledge, usually referred to as a key. Only
authorized users can decrypt the data and read it in its original form with the help of the key.
Encryption software executes an algorithm that is designed to encrypt computer data in such a
way that it can be recovered only with the help of a key. Software encryption has become a
part of modern computer communication and file protection. The use of encryption solutions is
growing in both the public and private sector and their ability to safeguard data is leading to
increasing adoption of encryption software.
The Global Encryption Software market is expected to witness healthy growth of 13 percent
CAGR over the period 2010–2014. Although currently the Americas is the main contributor, the
Asia Pacific (APAC) region is expected to emerge as strong contributors to this market. Large