![]() However, the availability of free, open source, and pirated encryption software and budgetary constraints associated with encryption software hampers the market growth. In addition, exponential increase in the adoption of cloud and virtualization technologies will propel the growth of market over the forecast years. For instance: As per study by Accenture 2019, over 130 average number of security breach registered in 2017 and increased with 11% that leads to 145 average number of security breach in 2018. ![]() The rapid growth in cases of data theft and breach is anticipated towards the higher growth in encryption software over the forecast years.
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