Pune, India, April 03, 2019 -- /360iResearch/ -- The report "Global Managed Encryption Services Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 4.32 billion in 2018 and is projected to reach USD 13.71 billion by 2025, growing at a CAGR of 17.94% from 2018 to 2025.
The major forces driving the growth of the managed encryption services market include the increasing sophistication levels of cyber-attacks and need to protect sensitive data and abide by the compliance. Moreover, growing byod trend and thereby vulnerabilities and cost advantages in implementing managed encryption services are also some of the factors that are driving the market growth. However certain factors such as the vendor lock-in and lack of trust on third-party applications to share sensitive data may hinder the market growth. In the middle of difficulty lies opportunity such as the increasing adoption of cloud-based managed security services among smes, and growing demand for integrated and next-generation security solutions and services. The possible challenges for the market growth is limited knowhow and skill gap to handle challenging environments. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on market, the global managed encryption services market is studied across and Email Encryption. Based on type, the global managed encryption services market is studied across Cloud Synchronized Encryption, Email Encryption, File & Folder Encryption, Full Disk & Removable Device Disk Encryption, and Mobil Device Encryption. Based on industry, the global managed encryption services market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on deployment, the global managed encryption services market is studied across On-Cloud, and On-Premises. Based on geography, the global managed encryption services market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the managed encryption services market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are AT&T Inc., BitDefender, LLC, Check Point Software Technologies, Cisco Systems, DCS, DISUK Limited, ESET, International Business Machines Corp, MFG Managed Encryption, McAfee LLC, Microsoft Corporation, Oracle Corporation, Rackspace US, Inc., Redcentric plc., Sophos Group PLC, Symantec Corporation, and Trustwave Holdings, Inc..
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