The global market for encryption software is projected to have considerable CAGR of 16.1% during the forecast period. The main factor that propels the encryption software market include the growing concern related to data privacy and security coupled with rise in cyber attacks and data breaches across the enterprises. The data encryption is referred as a crucial data protection solution that encrypted the data and stores original data in case of cyber attacks. Data loss can be caused by several factors, which include viruses corrupting, accidentally misplacing or deleting data, moving data from one system to another, and hardware crashing. One of the major benefits of encryption software is increased reliability and safety.Therefore, the data becomes secure and the IT company works in favor of an enterprise to ensure backup and safely transferred from the complete files.
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