Application-Level Encryption Market to Reach Valuation of Us$ 8 BN By 2030 | Anticipated to Expand at a CAGR of 25%

The application-level encryption market is projected to surpass the revenue of US$ 8 Bn by 2030. IT companies are increasing efforts to combine application encryption with other cryptographic techniques and use cases such as Point-to-Point Encryption (P2PE). They are increasing efforts to abide by the international standards of security compliance to stay relevant in the industry. As such, financial institutes and healthcare industries are creating incremental opportunities for IT companies.

Application-level Encryption Market: Overview
The global application-level encryption market was valued at US$ 718.5 Mn in 2019 and is expected to expand at a CAGR of 25% from 2020 to 2030, reaching US$ 8 Mn by the end of the forecast period

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Some significant players engaged in the application-level encryption market include Baffle, Inc., Blue Star Limited, Chino Srls, Dell, Inc., F5 Networks, Inc., Futurex, IBM Corporation, McAfee LLC, Micro Focus International plc, Microsoft Corporation, nCipher Security, LLC, NetLib, Security, Inc., PKWARE, Inc., Prime Factors, Sophos Group plc, Symantec Corporation, Thales e-Security, Inc., and Unbound Tech Ltd.

According to the report, the global application-level encryption market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will be at the forefront of global demand, with the application-level encryption market in the region expected to grow at a higher rate during the forecast period.
All hardware-based security businesses are affected by the increasing lockdown situation due to the COVID-19. Hence, the demand for cloud-based application-level encryption solutions is likely to increase with the adoption of the work-from-home model across all technical companies.

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Key Questions Answered in TMR’s Report on Application-level Encryption Market

The report provides detailed information about the application-level encryption market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the application-level encryption industry, so as to help them make successful strategies and take target-driven decisions.

How are key market players successfully earning revenue out of the advantages of application-level encryption?
What are the various trends in the global application-level encryption market across the world and key market opportunities?
What will be the revenue share of the global application-level encryption market in terms of different deployment?
What will be the Y-o-Y growth of the application-level encryption market between 2020 and 2030?
What are the competitive strategies of key players operating in Brazil, the U.S., and the global market?
Which end-use industry is expected to generate maximum revenue in application-level encryption during the forecast period?
Research Methodology Application-level Encryption Market

The research methodology adopted by analysts for combining the application-level encryption market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the application-level encryption market.

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During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the application-level encryption market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, industry association publications, and company websites to obtain the necessary understanding of the application-level encryption market.

Application-level Encryption Market Segmentation

Research study assesses the application-level encryption market on the basis of deployment, enterprise size, end user, and region. Based on deployment, the global application-level encryption market has been categorized into on-premise and cloud. Based on enterprise size, the market has been segmented into small & medium enterprises and large enterprises. In terms of end user, the global application-level encryption market segment has been classified into BFSI, IT & telecom, government, healthcare, retail & e-Commerce, media & entertainment, manufacturing, transportation & logistics, energy & utility, and others (education, hospitality, etc.). Revenue data is estimated for all the abovementioned segments.

Deployment

On-premise
Cloud
Enterprise Size

Small & Medium Enterprises
Large Enterprises

End User

BFSI
IT & Telecom
Government
Healthcare
Retail & e-Commerce
Media & Entertainment
Manufacturing
Transportation & Logistics
Energy & Utility
Others (Education, Hospitality, etc.)

Region

North America
U.S.
Canada
Rest of North America
Europe
U.K.
Germany
France
Rest of Europe
Asia Pacific
Japan
China
India
Australia
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
South America
Brazil
Rest of South America

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As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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