1 INTRODUCTION TO COVID-19 SCENARIO 41
1.1 COVID-19 HEALTH ASSESSMENT 41
FIGURE 1 COVID-19: THE GLOBAL PROPAGATION 41
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 42
1.2 COVID-19 ECONOMIC ASSESSMENT 43
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT
G20 COUNTRIES IN 2020 43
1.2.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 44
FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY 44
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 45

2 INTRODUCTION TO THE ENCRYPTION SOFTWARE MARKET 47
2.1 OBJECTIVES OF THE STUDY 47
2.2 MARKET DEFINITION 47
2.3 MARKET SCOPE 48
2.3.1 MARKET SEGMENTATION 48
2.3.2 REGIONS COVERED 48
2.4 YEARS CONSIDERED FOR THE STUDY 49
2.5 CURRENCY CONSIDERED 49
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2016–2018 49
2.6 STAKEHOLDERS 50

3 RESEARCH METHODOLOGY 51
3.1 RESEARCH DATA 51
FIGURE 6 ENCRYPTION SOFTWARE MARKET: RESEARCH DESIGN 52
3.1.1 SECONDARY DATA 52
3.1.2 PRIMARY DATA 53
3.1.2.1 Breakup of primaries 53
3.1.2.2 Key industry insights 54
3.2 MARKET BREAKUP AND DATA TRIANGULATION 55
3.3 MARKET SIZE ESTIMATION 55
FIGURE 7 ENCRYPTION SOFTWARE MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 56
3.3.1 TOP-DOWN APPROACH 56
3.3.2 BOTTOM-UP APPROACH 56
3.4 MARKET FORECAST 57
TABLE 2 FACTOR ANALYSIS 57
?
3.5 ASSUMPTIONS FOR THE STUDY 58
3.6 LIMITATIONS OF THE STUDY 58

4 EXECUTIVE SUMMARY 59
TABLE 3 ENCRYPTION SOFTWARE MARKET SIZE AND GROWTH RATE,
2014–2019 (USD MILLION, Y-O-Y%) 60
TABLE 4 ENCRYPTION SOFTWARE MARKET SIZE AND GROWTH RATE,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION, Y-O-Y%) 60
TABLE 5 ENCRYPTION SOFTWARE MARKET SIZE AND GROWTH RATE,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION, Y-O-Y%) 61
FIGURE 8 ENCRYPTION SOFTWARE MARKET TO WITNESS SIGNIFICANT GROWTH IN
THE GLOBAL MARKET DURING THE FORECAST PERIOD 61
FIGURE 9 NORTH AMERICA TO HOLD THE HIGHEST MARKET SHARE IN 2020 62
FIGURE 10 TOP FOUR REVENUE SEGMENTS OF THE ENCRYPTION SOFTWARE MARKET 63

5 PREMIUM INSIGHTS 64
5.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE ENCRYPTION SOFTWARE MARKET 64
FIGURE 11 INCREASING INSTANCES OF CYBERATTACKS ON CRITICAL
ENTERPRISE DATA AND NEED FOR COMPLIANCE TO DRIVE THE DEMAND FOR ENCRYPTION SOFTWARE 64
5.2 ENCRYPTION SOFTWARE MARKET: MARKET SHARE OF TOP THREE VERTICALS AND REGIONS, 2020 65
FIGURE 12 BANKING, FINANCIAL SERVICES, AND INSURANCE VERTICAL AND NORTH AMERICAN REGION TO HAVE THE HIGHEST MARKET SHARES IN 2020 65
5.3 MARKET INVESTMENT SCENARIO 65
FIGURE 13 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS
IN THE NEXT FIVE YEARS 65