Software News

Software News!

Application and Enterprise Software News
Press release distribution service

Software Links: Application Software, Enterprise Software, Virus Software


Home > Software News:
  • Watch News Feed
  • Bestsellers Software

  • Encryption Software Market 2024 - Its Key Opportunities and Challenges

    (I-SoftwareNews.Com, October 23, 2019 ) The global encryption software market size is expected to grow from USD 7.5 billion in 2019 to USD 16.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 17.0% as per a report by MarketsandMarkets.

    How difficulties in effective management and usage of the encryption key to pose major challenge?

    Efficient management of encryption keys is crucial. Encryption keys need to be monitored during their creation, storage, and deletion. Loss of keys can result in loss of data, as the data cannot be deciphered without the encryption keys. Encryption based on asymmetric cryptographic algorithms encrypts the data with the help of both public and private keys. The data is ciphered with the help of public keys. The ciphered data can be deciphered only with the help of private keys. Loss of private keys may result in the loss of critical data. The security systems responsible for encryption have to ensure cryptographic security, and the keys used for encryption should not be transmitted publicly. One of the most profound challenges related to encryption is key management due to its associated complexity and cost. Unclear key management function, lack of skilled professionals, and fragmented Key Management Systems (KMS) increase the overheads for enterprises.

    Some organizations rely on different encryption systems provided by different vendors. Organizations with multiple encryption systems have basic key management software, which is incapable of handling keys from multiple encryption systems. The inefficiency of the key management software in managing the keys is one of the major concerns for admin and IT teams. Effective management of public and private keys is important to enhance encryption, streamline administration, ensure regulatory compliance, and strengthen security. Furthermore, if the encryption key, which is a combination of alphabets and numerals used as a password, becomes corrupted, then critical business information becomes vulnerable and exposed to hackers, who will be able to access sensitive business information without any password or decryption key. Moreover, encryption software cannot make users aware of key leakage.

    Why rise in demand for integrated data protection solutions and EaaS among SMEs offering good opportunities?

    The progress made by SMEs in the developed and developing nations directly affects their economy. SMEs in different industry verticals do not have stringent security measures for safeguarding their data, networks, endpoints, and applications. The demand for cloud-based solutions is increasing rapidly across enterprises as the dominant delivery model to meet IT security needs. Cloud deployment provides flexibility, scalability, and cost-effectiveness to streamline business operations. With SMEs shifting their focus to cloud solutions, cloud encryption solution and service providers are expected to witness increasing opportunities for safeguarding the data of SMEs from security breaches and vulnerabilities.

    IaaS, PaaS, and SaaS models delivered by the CSPs are subject to serious cyber-threats and attacks, data breaches, identity and access frauds, application vulnerabilities, malware, viruses, and APTs. CSPs may not be capable of safeguarding the data and hence, require support from Cloud Access Security Brokers (CASB), who efficiently encrypt cloud data and provide customers with the private key for data decryption. With increasing concerns over cloud data safety, the demand for integrated, cloud-based encryption software has also increased, thereby boosting the growth of the encryption software market.

    Download PDF Brochure !


    Mr. Shelly Singh


    Source: EmailWire.Com


    Media Sponsor

    I-SoftwareNews.Com Sponsors

    Software Advertisement

    I-SoftwareNews.Com Resources
  • Application Software
  • Bioinformatics
  • Computers
  • Computer Games
  • Enterprise Software
  • Graphics/Printing/CAD
  • Hardware/Peripheral
  • industrial Computers
  • Information
  • Internet
  • Multimedia
  • Networking
  • Public Sector
  • Robotics
  • Semiconductor
  • Software
  • Telecommunications
  • Webmaster
  • Information Technology Publications
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    The Integration Journey—a Field Guide to Enterprise Integration for SOA
    Government Technology\'s Public CIO
    Protecting Content During Business Disruption: Are You Covered?

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net - Newswire and Press Release service of GroupWeb Media LLC