The European encryption software market is estimated to grow significantly during the forecast period. The growth of the market is attributed to various factors including well-developed IT infrastructure, high internet penetration, growing cyber-crimes, and strict government regulations regarding data protection in the region. The European market for encryption software is segregated on the basis of deployment type, application, and industry. Based on the deployment type, the market is further classified into on-premises and cloud-based. The cloud segment is projected to have considerable growth in the European market owing to the significant deployment of cloud technologies in enterprises. The application segment is further classified into database encryption, disk encryption, communication encryption, file encryption, and others. The database encryption segment is projected to grow significantly with a rising concern related to data security and privacy in various verticals such as BFSI and IT & telecom.

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Based on the industry, the European encryption software market is further segmented into BFSI, IT & telecom, government, retail & e-commerce, and others. The IT & telecom segment is estimated to have a considerable share in the market owing to the growing adoption of data encryption software coupled with increasing data security concerns in the industry. Based on geography, the European encryption software market is further segregated into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Among, geography, UK is projected to have a considerable share in the European encryption software market.

The companies which are contributing to the growth of the European encryption software market include Microsoft Corp., IBM Corp., Broadcom Inc., Intel Corp., Oracle Corp., Cisco Systems, Inc., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.

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The market study of the European encryption software market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to reports.

European Encryption Software Market – Segmentation
by Deployment Type
On-Premises
Cloud-Based
by Application
Database Encryption
Disk Encryption
Communication Encryption
File Encryption
Others (Cloud Encryption)
by Industry
BFSI
IT & Telecom
Government
Retail & E-commerce
Other (Healthcare)

European Encryption Software Market – Segmentation by Region 
Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Company Profiles
Broadcom Inc.
ESET, spol. s.r.o.
Cisco Systems, Inc.
IBM Corp.
Intel Corp.
Microsoft Corp.
McAfee, LLC
Oracle Corp.
Sophos Ltd.
Stormshield


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