The growing concerns of data breaches and privacy compliance regulations are making companies keener to adopt software-based encryption solutions to achieve compliance, improved data security, and better flexibility in operations.
Encryption software’s are allows the organizations to safeguard their intellectual property and other sensitive data, thus raising the market growth over the forecast period. Although, this encryption software offer significant benefits, their adoption may experience challenges terms of budget. The deployment options for these solutions are complex and time-consuming. However, the benefits offered by them often overshadow the challenges pertaining to the complexity and the time associated with their deployment.