Encryption Software Market Share

APAC Market Forecast

The Asia Pacific region is expected to dominate the market share till 2037. There has been a surging use of data storage technologies by organizations in the region with increasing concern about cyber security. Further, the inclusion of hypertext transfer protocol secure (HTTPS) in the software applications such as Facebook, Twitter, Snapchat, Instagram, and others is propelling the market expansion.

Rising cyber-attacks in Japan are also boosting the demand for encryption software in the APAC region. As of 2021 reports, 230 people were arrested for about 430 unauthorized security breaches in Japan. Recently, Japanese researchers developed a new data encryption method to handle encrypted data by combining homomorphic encryption and secret sharing.

North American Market Statistics

The North America encryption software market is slated to grow at substantial CAGR through 2037. The increasing development in the field of IT and telecom sectors, and the growing investment by many small, medium, and large-scale enterprises in the IT sector will impel the market revenue. The production of huge data by these organizations and rising number of data centers to store this data is further driving the market demand.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of encryption software is estimated at USD 19.23 billion.

The encryption software market size was over USD 17.16 billion in 2024 and is projected to cross USD 106.98 billion by the end of 2037, growing at more than 14.9% CAGR during the forecast period i.e., between 2025-2037. Increasing adoption of the internet and rising digitalization, and growing regulatory standards for security will boost the market growth.

Asia Pacific region is expected to dominate industry share till 2037, as there has been a surging use of data storage technologies by organizations in the region with increasing concern about cyber security.

The major players in the market include Amazon Web Services, Inc. (AWS), Company OverviewBusiness StrategyKey Product OfferingsFinancial PerformanceKey Performance IndicatorsRisk AnalysisRecent DevelopmentRegional PresenceSWOT AnalysisIBM Corporation, Microsoft Corporation, Check Point Software Technologies, F-Secure, Fortinet, Inc., Oracle Corporation, Cisco System, Inc., Palo Alto Networks, Inc., Trend Micro Incorporated.

Encryption Software Market Share