Research and Markets: Global Encryption Software Market 2010-2014 Report Out Now

DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/8ab8ac/global_encryption) "Global Encryption Software Market 2010-2014" report to their offering.

TechNavio's analysts forecast the Global Encryption Software market is expected to grow at a CAGR of 13 percent over the period 2010-2014. One of the key factors contributing to this market growth is the changing regulatory compliance. The Global Encryption Software market has also been witnessing enhanced features of encryption software such as file level encryption. However, increases in administrative overheads could pose a challenge to the growth of this market.

TechNavio's report, the Global Encryption Software Market 2010-2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Encryption Software market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors dominating this market space include McAfee, Inc., Symantec Corp, Sophos Ltd, and Cisco Systems, Inc.

Commenting on the report, an analyst from TechNavio's IT Security team said, Previously, companies used to opt for full disc encryption software, which protects unauthorized access to data storage and everything on the disc including programs. This gradually changed when vendors introduced file level encryption solutions. This shifted the focus to an emerging trend of data security. File level encryption offers customized solutions to data security at individual file level, unlike keys for different parts of the disk, and hence can provide improved and secure encryption of individual data at lower cost.

According to the report, with the advent of new technologies in the cyber segment, the quantity and intensity of cyber-attacks are also increasing. This is mainly due to loopholes in security systems installed. Many organizations have basic information security protection, which extends to firewalls and antivirus software. To ensure the highest level of security, enterprises are implementing security throughout the whole information lifecycle phase.

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