LONDON, Dec. 18, 2016 /PRNewswire/ -- Encryption is among the fastest emerging data security solutions used to protect data from unauthorized users. Organizations are increasingly looking at adoption of encryption, as data security is achieved easily with the technology. Encryption is used to protect the data stored in files/folders and disks and data travelling over wireless networks.
Increasing cybercrimes has compelled the governments to make data security as a mandatory measure in organizations. With stringent regulations, organizations are compelled to formulate effective data security strategies. Securing sensitive data or the personally identifiable data (PII) pertaining to customers, employees and the company needs to be protect by the law of land; therefore, companies are now focusing on implementing security strategies.Based on the Application type, the Encryption Software market is segmented into Disk Encryption, File/Folder Encryption, Database Encryption, Communication Encryption and Cloud Encryption. Based on Organization Size, the market is segmented into Small & Medium Sized Enterprises and Large Enterprises. Based on deployment Type, the market is segmented into cloud based and On-premise. The Verticals highlighted in this report include BFSI, Healthcare, Government & Public Utilities, Telecom, Retail, Aerospace & Defence and Others.Based on Country, LAMEA Encryption Software market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. Brazil remained the dominant Country in the LAMEA Encryption Software market in 2015. UAE and South Africa would witness promising CAGR during the forecast period (2016-2022).The report covers the analysis of key stake holders of the Encryption Software market.