LONDON--(BUSINESS WIRE)--Technavio has been monitoring the encryption management solutions market and it is poised to grow by USD 4.87 bn during 2020-2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
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What are the major trends in the market?
Homomorphic encryption is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 15.67% and the incremental growth of the market is anticipated to be $ 4.87 bn. -
Who are the top players in the market?
Broadcom Inc., Cisco Systems Inc., CommScope Holding Co. Inc., Dell Technologies Inc., International Business Machines Corp., McAfee LLC, Oracle Corp., Sophos Ltd., Thales Group, and Trend Micro Inc., are some of the major market participants. -
What is the key market driver?
The rising demand for digitalization is one of the major factors driving the market. -
How big is the North America market?
The North America region will contribute 37% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Broadcom Inc., Cisco Systems Inc., CommScope Holding Co. Inc., Dell Technologies Inc., International Business Machines Corp., McAfee LLC, Oracle Corp., Sophos Ltd., Thales Group, and Trend Micro Inc. are some of the major market participants. The rising demand for digitalization will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Encryption Management Solutions Market 2020-2024: Segmentation
Encryption Management Solutions Market is segmented as below:
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Deployment
- On-premise
- Cloud-based
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Geography
- North America
- Europe
- APAC
- South America
- MEA
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Encryption Management Solutions Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The encryption management solutions market report covers the following areas:
- Encryption Management Solutions Market Size
- Encryption Management Solutions Market Trends
- Encryption Management Solutions Market Industry Analysis
This study identifies homomorphic encryption as one of the prime reasons driving the encryption management solutions market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Encryption Management Solutions Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist encryption management solutions market growth during the next five years
- Estimation of the encryption management solutions market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the encryption management solutions market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of encryption management solutions market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Key leading countries
- Market size 2019
- Market opportunity by geography
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
Market Segmentation by Application
- Comparison by Application
- Network encryption - Market size and forecast 2019-2024
- Database encryption - Market size and forecast 2019-2024
- Cloud encryption - Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- On-premise - Market size and forecast 2019-2024
- Cloud-based - Market size and forecast 2019-2024
- Scope of the report
Customer landscape
- List of abbreviations
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Broadcom Inc.
- Cisco Systems Inc.
- CommScope Holding Co. Inc.
- Dell Technologies Inc.
- International Business Machines Corp.
- McAfee LLC
- Oracle Corp.
- Sophos Ltd.
- Thales Group
- Trend Micro Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
