With growing advancement in technology, cybersecurity risks are also increasing. To overcome that software designers designed an application that can provide end to end encryption which means that the digital information cannot be hacked or accessed by any unauthorized person. Various companies are coming together to develop such encryption software which can prevent the cybercrime threats. These encryption software is based on a platform developed by big data analytics and internet of things (IoT).
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Increasing risks of cybersecurity threats and growing number of cases of hackers putting down the official sites of various SMEs and larges enterprises is accelerating the global encryption software market as companies are now getting attracted towards end-to-end encrypted tools and applications which can protect their sites and other confidential databases from cybercrimes. Apart from this, high costs of these encryption tools and time to time renewal of these software might hinder the growth of overall growth rate for the global encryption software market.
Competitive Landscape:
The major players in the market are as follows:
Dell Inc
Thales E-Security
Eset
Symantec
IBM Corporation
Sophos
Ciphercloud
Pkware
Mcafee
Gemalto
Trend Micro
Microsoft Corporation
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