Dublin, Oct. 19, 2020 (GLOBE NEWSWIRE) — The “Global Encryption Software Market 2019-2028” report has been added to ResearchAndMarkets.com’s offering.
As per this report, the global encryption software market is expected to showcase revenue growth at a CAGR of 13.25% during the forecast period of 2019-2028.
The surge in the number of data breaches and force attacks, rise in compliance regulations, growing adoption of virtualization & cloud, and increased mobility are major drivers augmenting the growth of the market. Further, widespread adoption of IoT and cloud services, paired with ongoing technological advancements in the encryption chips, is generating numerous opportunities for the studied market’s expansion.
However, high capital investments, along with limitations on the use of encrypted devices in some countries, are obstructing the progress of the market. In addition, the increase in costs and complexity of encryption keys, lack of education on encryption, and regulatory restrictions on crypto-software are