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According to a new report Europe Encryption Software Market, published by KBV Research, the Europe Encryption Software is expected to grow at a CAGR of 21.4% during the forecast period. The incidences of data breaches have been growing consistently. The breaches have not just increased in number, but also in complexity. Almost all the countries and industry segments have reported a breach in the last few years. The need for encryption is not merely the number of incidences, but also the complexity of threats. The organizations need to deploy more comprehensive, secure and reliable security technologies. In the initial days, the attacks were primarily on the enterprises; however, today the modus operandi is to hack personal computers and gain access to personal data.
The Germany market dominated the Europe Small and Medium Businesses Encryption Software Market by Country in 2015, and would continue to be a dominant market till 2022; thereby, achieving a market value of $251.7 million by 2022, growing at a CAGR of 24.6% during the forecast period. The UK market is expected to witness a CAGR of 23.8% during (2016 - 2022). The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key influencing factors of the Europe Encryption Software have been discussed in the report along with the elaborated company profiles of Symantec Corporation, Check Point Software Technologies, IBM Corporation, Cisco Systems, Inc., Intel Corporation, HP Enterprise Company, FireEye, Inc., Infineon Technologies AG, AT&T Inc. and Dell Inc. (SonicWall Inc.).
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