Encryption Software Market Size

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. In the year 2025, the industry size of encryption software is estimated at USD 19.23 billion. There has been an increasing adoption of cloud services and digital technologies by many organizations to store data and the growing incidence of data breaches across the globe.

There has been an escalating rise in the usage of mobile services and other wireless communication technology. Additionally, the rising demand for cloud-based encryption software and growing concern of people regarding the loss of sensitive data is contributing to the growth of the market.

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 Size