Security News > 2022 > February > Encryption management solutions market to grow steadily by 2025

The encryption management solutions market is expected to increase by $6.07 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of almost 17%, according to Technavio.

The encryption management solutions market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

The encryption management solutions market share growth in North America will be significant during the forecast period.

The rising popularity of IoT, the increasing demand for integrated solutions such as Google Assistant and Alexa to improve customer service, and the increasing adoption of multi-cloud technologies are the primary factors driving the growth of the encryption management solutions market in North America.

Countries like the US, China, UK, Germany, and Japan are the key market for the encryption management solutions market in North America, owing to the augmenting demand for integrated solutions to improve customer service and the increasing adoption of multi-cloud technologies in this region.

The presence of strict regulations that charge hefty fines on enterprises for data breaches has resulted in the significant growth of the global encryption management solutions market.

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https://www.helpnetsecurity.com/2022/02/14/encryption-management-solutions-2025/