Mercado mundial de cifrado de datos: tendencias de la industria y pronóstico hasta 2031

Análisis y tamaño del mercado de cifrado de datos

En el ámbito financiero y bancario, el mercado del cifrado de datos desempeña un papel fundamental a la hora de proteger información confidencial, como transacciones financieras, datos de clientes y detalles de cuentas. El software de cifrado garantiza que esta información se transforme en un texto cifrado ilegible, al que solo puedan acceder las partes autorizadas con la clave de descifrado correcta. Este nivel de seguridad ayuda a prevenir el acceso no autorizado, el fraude y el robo de identidad. Además, el cumplimiento de normativas como PCI DSS y GLBA exige el uso del cifrado para proteger los datos financieros confidenciales. A medida que las instituciones financieras dependen cada vez más de las plataformas digitales para las transacciones, las medidas de cifrado sólidas se vuelven esenciales para mantener la confianza y la integridad en la industria.

El tamaño del mercado global de cifrado de datos se valoró en USD 34,28 mil millones en 2023 y se proyecta que alcance los USD 113,95 mil millones para 2031, con una CAGR del 16,20% durante el período de pronóstico de 2024 a 2031. Además de los conocimientos del mercado, como el valor de mercado, la tasa de crecimiento, los segmentos del mercado, la cobertura geográfica, los actores del mercado y el escenario del mercado, el informe de mercado curado por el equipo de investigación de mercado de Data Bridge incluye un análisis experto en profundidad, análisis de importación / exportación, análisis de precios, análisis de consumo de producción y análisis pestle.

Alcance del informe y segmentación del mercado       

Market Definition

Data encryption, facilitated by encryption software, involves converting plain text into ciphertext using algorithms and keys. This ensures that only authorized parties with the correct decryption key can access and understand the information, providing essential security for sensitive data during storage, transmission, and communication over networks.

Data Encryption Market Dynamics

Drivers

• Increasing Cybersecurity Threats

The escalating frequency and sophistication of cybersecurity threats, such as data breaches, ransomware attacks, and insider threats continually evolving. The tactics to exploit vulnerabilities and steal sensitive information, organizations recognize the critical need for robust encryption solutions to safeguard their data assets. Encryption provides a vital layer of defense by rendering data unreadable to unauthorized parties, thereby mitigating the risk of data breaches and protecting confidential information. The demand for encryption technologies rises due to evolving threat landscape which drives market growth as organizations prioritize data security to fortify their defenses against cyber threats.

• Growing Adoption of Cloud Computing

Organizations are increasingly migrating their data and workloads to cloud environments, they face heightened concerns about data security and privacy. Encryption plays a crucial role in addressing these concerns by safeguarding data both at rest and in transit within the cloud. Encryption ensures that even if unauthorized access occurs, the data remains unreadable and unusable without the decryption key. This assurance of data confidentiality and integrity encourages businesses to adopt encryption solutions as an essential component of their cloud security strategy, driving the demand for encryption technologies in the market.

Opportunities

• High Stringent Data Protection Regulations

Stringent data protection regulations such as GDPR (General Data Protection Regulation) in Europe and CCPA (California Consumer Privacy Act) in the U.S., mandate the protection of sensitive data through encryption measures. Non-compliance with these regulations can result in substantial fines and reputational damage for organizations. As a result, businesses are compelled to invest in encryption solutions to ensure compliance and mitigate the risk of penalties. This regulatory pressure acts as a significant driver for the data encryption market, stimulating the adoption of encryption technologies across various industries to safeguard confidential information and maintain regulatory compliance.

• Increasing Digital Transformation Initiatives

Organizations are transitioning to digital processes, as they prioritize data security to protect their digital assets from cyber threats. Encryption technologies play a pivotal role in this transformation by safeguarding sensitive data across digital channels, applications, and endpoints. With increased reliance on digital platforms for communication, collaboration, and transactions, encryption becomes indispensable in ensuring data privacy, integrity, and compliance with regulations. As a result, the demand for robust encryption solutions continues to grow as organizations seek to secure their digital transformation journey and mitigate the risks associated with cyber threats and data breaches.

Restraints/Challenges

• High Cost Implications

Implementing robust encryption solutions involves upfront investments in hardware, software, and key management systems. Ongoing costs associated with maintenance, upgrades, and key management can further strain budgets. For smaller organizations with limited resources, the financial burden of encryption deployment and maintenance may be prohibitive, leading to hesitancy in adoption. Moreover, the scalability of encryption solutions to accommodate growing data volumes without exponentially increasing costs poses a challenge.

• Increased Compatibility Issues

Incompatibility between encryption algorithms, key management systems, and legacy infrastructure can hinder seamless deployment and interoperability. This can lead to complexities and delays in implementing encryption across heterogeneous environments, impacting data security initiatives. Additionally, ensuring compatibility with third-party software, cloud services, and emerging technologies further compounds the challenge.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2023, Secure-IC collaborated with NSITEXE, signifying a strategic move to bolster security solutions for Cyber-Physical Systems (CPS). This collaboration aimed to enhance data encryption measures within CPS, ensuring robust protection against cyber threats. Additionally, Secure-IC's SecuryzrTM platform offered a comprehensive Security Service Platform (iSSP), facilitating end-to-end security lifecycle management for devices in the field. This included firmware encryption and secure over-the-air updates, significantly advancing the Data Encryption Market
• In 2023, Utimaco acquired Conpal GmbH, underscoring a strategic expansion of its solution portfolio in the realm of data encryption and security. The integration of Conpal's expertise enabled Utimaco to offer a complete suite of IT security solutions, including hardware security modules, key management, and public key infrastructure (PKI). This consolidation of capabilities reinforced Utimaco's position as a comprehensive solution provider in highly regulated sectors, further propelling the Data Encryption Market forward
• In 2023, Vaultree launched a state-of-the-art Data-in-Use encryption solution, marking a significant advancement in safeguarding healthcare data. This technology, accompanied by innovative software development tools and encrypted chat capabilities, addressed critical challenges in data encryption within the healthcare industry. Vaultree's solution offered comprehensive protection for sensitive patient data, even during breaches, thus enhancing data security while preserving operational efficiency and performance. This development contributed to the evolution of the Data Encryption Market
• In 2022, Converge Technology Solutions Corp. was certified to sell and implement IBM zSystems and LinuxONE in Canada, representing a strategic alignment with leading encryption and security technologies. These solutions enabled businesses to leverage advanced encryption capabilities embedded within IBM's systems, thereby strengthening data security measures

Data Encryption Market Scope

The market is segmented on the basis of method, deployment, organization size and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Method

• Asymmetric
• Symmetric

Deployment

• On-Cloud
• Hybrid
• On-Premise

Organization Size

• Large-Sized Enterprise
• Small and Medium-Sized Enterprise

End User

• Aerospace and Defense
• Automotive
• Banking, Financial Services and Insurance (BFSI)
• IT and Telecom
• Healthcare
• Manufacturing

Data Encryption Market Region Analysis/Insights

The data encryption market is analyzed and market size insights and trends are provided by method, deployment, organization size and end user as referenced above.

The countries covered in the data encryption market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America.

North America dominates the market due to the region's robust technology infrastructure and heightened demand for secure internet infrastructure. With a well-established technological ecosystem and extensive investment in digital infrastructure, North American businesses and consumers prioritize data security measures, driving the adoption of encryption solutions. Additionally, increasing cyber threats and regulatory requirements mandate stringent data protection measures, further bolstering the demand for encryption technologies in the region. This convergence of factors positions North America as a key player in driving innovation and growth within the global data encryption market.

Asia-Pacific is expected to have significant growth in the market due to the rising number of internet users across the region. As more individuals gain access to the internet, there is a corresponding increase in online activities, including communication, commerce, and data sharing. This surge in internet usage creates a greater demand for robust data encryption solutions to safeguard sensitive information from cyber threats and breaches. Consequently, the Asia-Pacific region becomes a key market for data encryption technologies, driven by the imperative to ensure data privacy and security in the digital age.

La sección de países del informe de mercado global de software de automatización de la fuerza de ventas también proporciona factores de impacto de mercado individuales y cambios en la regulación en el mercado a nivel nacional que afectan las tendencias actuales y futuras del mercado. Los puntos de datos como volúmenes de consumo, sitios y volúmenes de producción, análisis de importación y exportación, análisis de tendencias de precios, costo de las materias primas, análisis de la cadena de valor ascendente y descendente son algunos de los principales indicadores utilizados para pronosticar el escenario del mercado para países individuales. Además, se consideran la presencia y disponibilidad de marcas globales y sus desafíos enfrentados debido a la competencia grande o escasa de las marcas locales y nacionales, el impacto de los aranceles nacionales y las rutas comerciales al proporcionar un análisis de pronóstico de los datos del país.

Análisis del panorama competitivo y de la cuota de mercado del cifrado de datos

El panorama competitivo del mercado proporciona detalles por competidor. Los detalles incluidos son una descripción general de la empresa, las finanzas de la empresa, los ingresos generados, el potencial de mercado, la inversión en investigación y desarrollo, las nuevas iniciativas de mercado, la presencia global, los sitios e instalaciones de producción, las capacidades de producción, las fortalezas y debilidades de la empresa, el lanzamiento de productos, la amplitud y variedad de productos, y el dominio de las aplicaciones. Los puntos de datos anteriores proporcionados solo están relacionados con el enfoque de las empresas en relación con el mercado.

Algunos de los principales actores que operan en el mercado son:

• Cisco Systems, Inc. (Estados Unidos)
• IBM (Estados Unidos)
• Siemens (Alemania)
• Microsoft (Estados Unidos)
• Corporación Intel (Estados Unidos)
• Corporación NEC (Japón)
• ABB (Suiza)
• Oracle (Estados Unidos)
• Fujitsu (Japón)
• Honeywell International Inc., (Estados Unidos)
• Accenture (Irlanda)
• SAP SE (Alemania)
• Trustwave Holdings, Inc. (Estados Unidos)
• Thales (Francia)
• McAfee, LLC (Estados Unidos)
• Fortinet, Inc. (Estados Unidos)
• Innovative Routines International (IRI), Inc. (Estados Unidos)
•  Imperva (Estados Unidos)
• PROTEGRITY INC. (EE.UU.)
• BlackBerry Limited. (Estados Unidos)

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