Data Bridge Market Research analyses that the Encryption Management Solutions Market was valued at USD 12.64 billion in 2021 and is expected to reach the value of USD 41.44 billion by 2029, at a CAGR of 16.00% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

With the growing trend of Internet of Things (IoT) and Bring Your Own Device (BYOD) among enterprises, data security concerns are on the rise. This has resulted in an increase in cyberattacks, commercial espionage, data breaches, and theft and losses in businesses, escalating the need to safeguard sensitive data and ensure compliance.

Get a Sample PDF of This Market Research Report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-encryption-management-solutions-market

Global Encryption Management Solutions Market Drivers

  • Growing adoption of digitization across various industries

The growing demand for digitalization is significantly driving the growth of the encryption management solutions market. Several industries, including consumer goods, healthcare, manufacturing, and retail, are increasing their use of digitalization around the world. Due to digitalization, industries' IT resources are vulnerable to cyberattacks. As a result of the increasing adoption of digitalization, there is a greater demand for encryption management solutions that can be used as tools to prevent cyberattacks.

  • Growth of IOT services and increasing penetration of 5G technology

The rising demand for IoT services is the primary market trend driving the encryption management solutions market growth. The market is expected to grow during the forecast period due to the increasing penetration of IoT devices and the evolution of 5G technology.

Some of the major players operating in the encryption management solutions market are:

  • Hewlett Packard Enterprise Development L.P. (U.S.)
  • IBM Corporation (U.S.)
  • Amazon.com, Inc. (U.S.)
  • Gemalto NV (Netherland)
  • RSA Security LLC (U.S.)
  • Thales. (France)
  • Sun Microsystems, Inc. (U.S)
  • VirtuCrypt (U.S)
  • Venafi, Inc (U.S.)
  • Oracle (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Dell Inc. (U.S.)
  • McAfee, LLC. (U.S.)
  • Trend Micro Incorporated (U.S.)
  • Sophos Ltd. (U.K.)
  • CommScope, Inc. (U.S.)
  • Broadcom (U.S.)

Recent Development

  • In April 2019, Thales Group, the parent company of Thales e-Security, completed the acquisition of Gemalto, a digital identity and security leader. The acquisition would result in a world-class leader with an unrivalled portfolio of digital identity and security solutions based on biometry, data protection, and cybersecurity in general.
  • On May 7, 2020 - Syncsort purchased the majority of Townsend Security's products to expand its burgeoning suite of security software for IBM.

Read Detailed Index of full Research Study @ https://www.databridgemarketresearch.com/reports/global-encryption-management-solutions-market

Global Encryption Management Solutions Market Scope

Deployment

  • Cloud
  • On-premise

End User

  • Banking
  • Financial Services and Insurance (BFSI)
  • Healthcare
  • Government
  • Retail
  • IT
  • Telecom

Application

  • Endpoint Encryption
  • Network Encryption
  • Database Encryption
  • Cloud Encryption

Encryption Management Solutions Market Regional Analysis/Insights

The countries covered in the encryption management solutions market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Browse More DBMR Reports:

https://www.databridgemarketresearch.com/reports/global-power-rental-market

https://www.databridgemarketresearch.com/reports/global-solid-state-solar-cell-market

https://www.databridgemarketresearch.com/reports/global-automotive-mini-led-market

https://www.databridgemarketresearch.com/reports/global-access-control-reader-market

https://www.databridgemarketresearch.com/reports/global-casting-devices-market

About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Our coverage of industries includes

Contact Us

US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – corporatesales@databridgemarketresearch.com