Estimates put the market worth at $8.94 by 2021.
The ecryption software market size is estimated to grow from $3.05 billion in 2016 to $8.94 billion by 2021, at an estimated CAGR of 24.0%, according to MarketsandMarkets.
“Digital Transformation of the world is well underway, moving physical industry off physical paper and onto virtual computers. Everything we do today as we go about our lives is governed by computer software and the data that feeds it. That means that data is becoming more and more valuable and sensitive. Whether it’s financially valuable (such as account numbers) or safety-critical (such as power grid controls), the data needs to be protected for secrecy, privacy, integrity, and availability to keep our physical world running smoothly on its virtual rails,” Jon Geater, CTO at Thales e-Security, told Help Net Security.