Thermal Spray Coatings Market - Global Forecast to 2025

Table of Content

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
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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

6 MARKET OVERVIEW AND INDUSTRY TRENDS 66
6.1 INTRODUCTION 66
6.2 MARKET DYNAMICS 66
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:
ENCRYPTION SOFTWARE MARKET 67
6.2.1 DRIVERS 67
6.2.1.1 Stringent regulatory standards and data privacy compliances 67
6.2.1.2 Rising concerns pertaining to loss of critical data 68
6.2.1.3 Exponential increase in the adoption of cloud and
virtualization technologies 68
FIGURE 15 TOP METHODS TO SAFEGUARD THE DATA STORED IN THE CLOUD 68
6.2.2 RESTRAINTS 69
6.2.2.1 Budgetary constraints 69
6.2.2.2 Availability of free, open source, and pirated encryption software 69
6.2.3 OPPORTUNITIES 69
6.2.3.1 Rise in demand for integrated data protection solutions and
EaaS among SMEs 69
6.2.3.2 Increased adoption of encryption software across verticals 70
6.2.4 CHALLENGES 70
6.2.4.1 Difficulties in effective management and usage of the encryption key 70
6.2.4.2 Lack of skilled workforce among enterprises 71
6.3 COVID-19 PANDEMIC-DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS 72
6.3.1 DRIVERS AND OPPORTUNITIES 72
6.3.2 RESTRAINTS AND CHALLENGES 73
6.4 REGULATORY COMPLIANCES 74
6.4.1 GENERAL DATA PROTECTION REGULATION 74
6.4.2 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT 75
6.4.3 FEDERAL INFORMATION SECURITY MANAGEMENT ACT 75
6.4.4 SARBANES–OXLEY ACT 75
6.4.5 GRAMM–LEACH–BLILEY ACT 75
6.4.6 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD 76
6.4.7 FEDERAL INFORMATION PROCESSING STANDARDS 76
6.5 USE CASES 76
6.5.1 USE CASE: SCENARIO 1 76
6.5.2 USE CASE: SCENARIO 2 77
6.5.3 USE CASE: SCENARIO 3 77
6.5.4 USE CASE: SCENARIO 4 78

7 ENCRYPTION SOFTWARE MARKET, BY COMPONENT 79
7.1 INTRODUCTION 80
FIGURE 16 SERVICES SEGMENT TO WITNESS A HIGHER CAGR DURING
THE FORECAST PERIOD 80
TABLE 6 ENCRYPTION SOFTWARE MARKET SIZE, BY COMPONENT,
2014–2019 (USD MILLION) 80
TABLE 7 ENCRYPTION SOFTWARE MARKET SIZE, BY COMPONENT,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 81
TABLE 8 ENCRYPTION SOFTWARE MARKET SIZE, BY COMPONENT,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 81
7.2 SOFTWARE 81
7.2.1 SOFTWARE: COVID-19 DRIVERS IMPACTING ENCRYPTION
SOFTWARE MARKET 82
TABLE 9 SOFTWARE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 82
TABLE 10 SOFTWARE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 82
TABLE 11 SOFTWARE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 83
7.3 SERVICES 83
FIGURE 17 MANAGED SERVICES SEGMENT TO RECORD A HIGHER CAGR
DURING THE FORECAST PERIOD 83
TABLE 12 ENCRYPTION SOFTWARE MARKET SIZE, BY SERVICE,
2014–2019 (USD MILLION) 84
TABLE 13 ENCRYPTION SOFTWARE MARKET SIZE, BY SERVICE, PRE-COVID-19 SCENARIO, 2020–2025 (USD MILLION) 84
TABLE 14 ENCRYPTION SOFTWARE MARKET SIZE, BY SERVICE, POST-COVID-19 SCENARIO, 2020–2025 (USD MILLION) 84
TABLE 15 SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 85
TABLE 16 SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 85
TABLE 17 SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 85
7.3.1 PROFESSIONAL SERVICES 86
FIGURE 18 SUPPORT AND MAINTENANCE SERVICES SEGMENT TO RECORD THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 86
TABLE 18 ENCRYPTION SOFTWARE MARKET SIZE, BY PROFESSIONAL SERVICE,
2014–2019 (USD MILLION) 86
TABLE 19 ENCRYPTION SOFTWARE MARKET SIZE, BY PROFESSIONAL SERVICE,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 87
TABLE 20 ENCRYPTION SOFTWARE MARKET SIZE, BY PROFESSIONAL SERVICE,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 87
TABLE 21 PROFESSIONAL SERVICES: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, 2014–2019 (USD MILLION) 87
TABLE 22 PROFESSIONAL SERVICES: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 88
TABLE 23 PROFESSIONAL SERVICES: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 88
7.3.1.1 Support and maintenance services 88
7.3.1.1.1 Support and maintenance services: COVID-19 drivers impacting encryption software market 89
TABLE 24 SUPPORT AND MAINTENANCE SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 89
TABLE 25 SUPPORT AND MAINTENANCE SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 89
TABLE 26 SUPPORT AND MAINTENANCE SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 90
7.3.1.2 Training and education services 90
7.3.1.2.1 Training and education services: COVID-19 drivers impacting encryption software market 90
TABLE 27 TRAINING AND EDUCATION SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 91
TABLE 28 TRAINING AND EDUCATION SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 91
TABLE 29 TRAINING AND EDUCATION SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 91
7.3.1.3 Consulting services 92
7.3.1.3.1 Consulting services: COVID-19 drivers impacting
encryption software market 92
TABLE 30 CONSULTING SERVICES: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, 2014–2019 (USD MILLION) 92
TABLE 31 CONSULTING SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 93
TABLE 32 CONSULTING SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 93
7.3.2 MANAGED SERVICES 93
7.3.2.1 Managed services: COVID-19 drivers impacting encryption
software market 94
TABLE 33 MANAGED SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 94
TABLE 34 MANAGED SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 94
TABLE 35 MANAGED SERVICES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 95

8 ENCRYPTION SOFTWARE MARKET, BY APPLICATION 96
8.1 INTRODUCTION 97
FIGURE 19 CLOUD ENCRYPTION SEGMENT TO WITNESS THE HIGHEST CAGR
DURING THE FORECAST PERIOD 97
TABLE 36 ENCRYPTION SOFTWARE MARKET SIZE, BY APPLICATION,
2014–2019 (USD MILLION) 98
TABLE 37 ENCRYPTION SOFTWARE MARKET SIZE, BY APPLICATION,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 98
TABLE 38 ENCRYPTION SOFTWARE MARKET SIZE, BY APPLICATION,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 98
8.2 DISK ENCRYPTION 99
8.2.1 DISK ENCRYPTION: COVID-19 DRIVERS IMPACTING ENCRYPTION
SOFTWARE MARKET 99
TABLE 39 DISK ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 99
TABLE 40 DISK ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 100
TABLE 41 DISK ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 100
8.3 FILE/FOLDER ENCRYPTION 100
8.3.1 FILE/FOLDER ENCRYPTION: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 101
TABLE 42 FILE/FOLDER ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, 2014–2019 (USD MILLION) 101
TABLE 43 FILE/FOLDER ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 101
TABLE 44 FILE/FOLDER ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 102
8.4 DATABASE ENCRYPTION 102
8.4.1 DATABASE ENCRYPTION: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 103
TABLE 45 DATABASE ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 103
TABLE 46 DATABASE ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 103
TABLE 47 DATABASE ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 104
8.5 COMMUNICATION ENCRYPTION 104
8.5.1 COMMUNICATION ENCRYPTION: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 105
TABLE 48 COMMUNICATION ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, 2014–2019 (USD MILLION) 105
TABLE 49 COMMUNICATION ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 105
TABLE 50 COMMUNICATION ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 106
8.6 CLOUD ENCRYPTION 106
8.6.1 CLOUD ENCRYPTION: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 106
TABLE 51 CLOUD ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 107
TABLE 52 CLOUD ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 107
TABLE 53 CLOUD ENCRYPTION: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 107

9 ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE 108
9.1 INTRODUCTION 109
FIGURE 20 CLOUD DEPLOYMENT MODE TO RECORD A HIGHER GROWTH RATE DURING THE FORECAST PERIOD 109
TABLE 54 ENCRYPTION SOFTWARE MARKET SIZE, BY DEPLOYMENT MODE,
2014–2019 (USD MILLION) 109
TABLE 55 ENCRYPTION SOFTWARE MARKET SIZE, BY DEPLOYMENT MODE,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 110
TABLE 56 ENCRYPTION SOFTWARE MARKET SIZE, BY DEPLOYMENT MODE,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 110
9.2 ON-PREMISES 110
9.2.1 ON-PREMISES: COVID-19 DRIVERS IMPACTING ENCRYPTION
SOFTWARE MARKET 111
TABLE 57 ON-PREMISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 111
TABLE 58 ON-PREMISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 111
TABLE 59 ON-PREMISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 112
9.3 CLOUD 112
9.3.1 CLOUD: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 112
TABLE 60 CLOUD: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 112
TABLE 61 CLOUD: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 113
TABLE 62 CLOUD: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 113

10 ENCRYPTION SOFTWARE MARKET, BY ENTERPRISE SIZE 114
10.1 INTRODUCTION 115
FIGURE 21 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO HOLD A HIGHER CAGR DURING THE FORECAST PERIOD 115
TABLE 63 ENCRYPTION SOFTWARE MARKET SIZE, BY ENTERPRISE SIZE,
2014–2019 (USD MILLION) 115
TABLE 64 ENCRYPTION SOFTWARE MARKET SIZE, BY ENTERPRISE SIZE, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 116
TABLE 65 ENCRYPTION SOFTWARE MARKET SIZE, BY ENTERPRISE SIZE, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 116
10.2 SMALL AND MEDIUM-SIZED ENTERPRISES 116
10.2.1 SMALL AND MEDIUM-SIZED ENTERPRISES: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 117
TABLE 66 SMALL AND MEDIUM-SIZED ENTERPRISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 117
TABLE 67 SMALL AND MEDIUM-SIZED ENTERPRISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 117
TABLE 68 SMALL AND MEDIUM-SIZED ENTERPRISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 118
10.3 LARGE ENTERPRISES 118
10.3.1 LARGE ENTERPRISES: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 118
TABLE 69 LARGE ENTERPRISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 119
TABLE 70 LARGE ENTERPRISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 119
TABLE 71 LARGE ENTERPRISES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 119

11 ENCRYPTION SOFTWARE MARKET, BY VERTICAL 120
11.1 INTRODUCTION 121
FIGURE 22 IT AND TELECOMMUNICATION VERTICAL TO RECORD THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 121
TABLE 72 ENCRYPTION SOFTWARE MARKET SIZE, BY VERTICAL,
2014–2019 (USD MILLION) 121
TABLE 73 ENCRYPTION SOFTWARE MARKET SIZE, BY VERTICAL,
PRE-COVID-19 SCENARIO, 2020–2025 (USD MILLION) 122
TABLE 74 ENCRYPTION SOFTWARE MARKET SIZE, BY VERTICAL,
POST-COVID-19 SCENARIO, 2020–2025 (USD MILLION) 122
11.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 123
11.2.1 BANKING, FINANCIAL SERVICES, AND INSURANCE: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 123
TABLE 75 BANKING, FINANCIAL SERVICES, AND INSURANCE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 123
TABLE 76 BANKING, FINANCIAL SERVICES, AND INSURANCE: ENCRYPTION
SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO,
2019–2025 (USD MILLION) 124
TABLE 77 BANKING, FINANCIAL SERVICES, AND INSURANCE: ENCRYPTION
SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO,
2019–2025 (USD MILLION) 124
TABLE 78 POST-COVID-19: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, FOR NORTH AMERICA, 2020–2025 (USD MILLION) 124
TABLE 79 POST-COVID-19: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, FOR EUROPE, 2020–2025 (USD MILLION) 125
TABLE 80 POST-COVID-19: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, FOR ASIA PACIFIC, 2020–2025 (USD MILLION) 125
TABLE 81 POST-COVID-19: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, FOR MIDDLE EAST AND AFRICA, 2020–2025 (USD MILLION) 125
TABLE 82 POST-COVID-19: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, FOR LATIN AMERICA, 2020–2025 (USD MILLION) 125
11.3 AEROSPACE AND DEFENSE 126
11.3.1 AEROSPACE AND DEFENSE: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 126
TABLE 83 AEROSPACE AND DEFENSE: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, 2014–2019 (USD MILLION) 126
TABLE 84 AEROSPACE AND DEFENSE: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 127
TABLE 85 AEROSPACE AND DEFENSE: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 127
TABLE 86 POST-COVID-19: AEROSPACE AND DEFENSE MARKET SIZE, FOR
NORTH AMERICA, 2020–2025 (USD MILLION) 127
TABLE 87 POST-COVID-19: AEROSPACE AND DEFENSE MARKET SIZE, FOR EUROPE, 2020–2025 (USD MILLION) 128
TABLE 88 POST-COVID-19: AEROSPACE AND DEFENSE MARKET SIZE, FOR
ASIA PACIFIC, 2020–2025 (USD MILLION) 128
TABLE 89 POST-COVID-19: AEROSPACE AND DEFENSE MARKET SIZE, FOR
MIDDLE EAST AND AFRICA, 2020–2025 (USD MILLION) 128
TABLE 90 POST-COVID-19: AEROSPACE AND DEFENSE MARKET SIZE, FOR
LATIN AMERICA, 2020–2025 (USD MILLION) 128
11.4 GOVERNMENT AND PUBLIC UTILITIES 129
11.4.1 GOVERNMENT AND PUBLIC UTILITIES: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 129
TABLE 91 GOVERNMENT AND PUBLIC UTILITIES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 129
TABLE 92 GOVERNMENT AND PUBLIC UTILITIES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 130
TABLE 93 GOVERNMENT AND PUBLIC UTILITIES: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 130
TABLE 94 POST-COVID-19: GOVERNMENT AND PUBLIC UTILITIES MARKET SIZE, FOR NORTH AMERICA, 2020–2025 (USD MILLION) 130
TABLE 95 POST-COVID-19: GOVERNMENT AND PUBLIC UTILITIES MARKET SIZE,
FOR EUROPE, 2020–2025 (USD MILLION) 131
TABLE 96 POST-COVID-19: GOVERNMENT AND PUBLIC UTILITIES MARKET SIZE,
FOR ASIA PACIFIC, 2020–2025 (USD MILLION) 131
TABLE 97 POST-COVID-19: GOVERNMENT AND PUBLIC UTILITIES MARKET SIZE,
FOR MIDDLE EAST AND AFRICA, 2020–2025 (USD MILLION) 131
TABLE 98 POST-COVID-19: GOVERNMENT AND PUBLIC UTILITIES MARKET SIZE,
FOR LATIN AMERICA, 2020–2025 (USD MILLION) 131
11.5 IT AND TELECOMMUNICATION 132
11.5.1 IT AND TELECOMMUNICATION: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 132
TABLE 99 IT AND TELECOMMUNICATION: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, 2014–2019 (USD MILLION) 132
TABLE 100 IT AND TELECOMMUNICATION: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 133
TABLE 101 IT AND TELECOMMUNICATION: ENCRYPTION SOFTWARE MARKET SIZE,
BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 133
TABLE 102 POST-COVID-19: IT AND TELECOMMUNICATION MARKET SIZE, FOR NORTH AMERICA, 2020–2025 (USD MILLION) 133
TABLE 103 POST-COVID-19: IT AND TELECOMMUNICATION MARKET SIZE, FOR EUROPE, 2020–2025 (USD MILLION) 134
TABLE 104 POST-COVID-19: IT AND TELECOMMUNICATION MARKET SIZE, FOR ASIA PACIFIC, 2020–2025 (USD MILLION) 134
TABLE 105 POST-COVID-19: IT AND TELECOMMUNICATION MARKET SIZE, FOR MIDDLE EAST AND AFRICA, 2020–2025 (USD MILLION) 134
TABLE 106 POST-COVID-19: IT AND TELECOMMUNICATION MARKET SIZE, FOR LATIN AMERICA, 2020–2025 (USD MILLION) 134
11.6 HEALTHCARE 135
11.6.1 HEALTHCARE: COVID-19 DRIVERS IMPACTING ENCRYPTION
SOFTWARE MARKET 135
TABLE 107 HEALTHCARE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 135
TABLE 108 HEALTHCARE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 136
TABLE 109 HEALTHCARE: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 136
TABLE 110 POST-COVID-19: HEALTHCARE MARKET SIZE, FOR NORTH AMERICA,
2020–2025 (USD MILLION) 136
TABLE 111 POST-COVID-19: HEALTHCARE MARKET SIZE, FOR EUROPE,
2020–2025 (USD MILLION) 137
TABLE 112 POST-COVID-19: HEALTHCARE MARKET SIZE, FOR ASIA PACIFIC,
2020–2025 (USD MILLION) 137
TABLE 113 POST-COVID-19: HEALTHCARE MARKET SIZE, FOR MIDDLE EAST AND AFRICA, 2020–2025 (USD MILLION) 137
TABLE 114 POST-COVID-19: HEALTHCARE MARKET SIZE, FOR LATIN AMERICA,
2020–2025 (USD MILLION) 137
11.7 RETAIL 138
11.7.1 RETAIL: COVID-19 DRIVERS IMPACTING ENCRYPTION SOFTWARE MARKET 138
TABLE 115 RETAIL: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
2014–2019 (USD MILLION) 138
TABLE 116 RETAIL: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 139
TABLE 117 RETAIL: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 139
TABLE 118 POST-COVID-19: RETAIL MARKET SIZE, FOR NORTH AMERICA,
2020–2025 (USD MILLION) 139
TABLE 119 POST-COVID-19: RETAIL MARKET SIZE, FOR EUROPE,
2020–2025 (USD MILLION) 140
TABLE 120 POST-COVID-19: RETAIL MARKET SIZE, FOR ASIA PACIFIC,
2020–2025 (USD MILLION) 140
TABLE 121 POST-COVID-19: RETAIL MARKET SIZE, FOR MIDDLE EAST AND AFRICA, 2020–2025 (USD MILLION) 140
TABLE 122 POST-COVID-19: RETAIL MARKET SIZE, FOR LATIN AMERICA,
2020–2025 (USD MILLION) 140
11.8 OTHER VERTICALS 141
TABLE 123 OTHER VERTICALS: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, 2014–2019 (USD MILLION) 141
TABLE 124 OTHER VERTICALS: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION,
PRE-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 141
TABLE 125 OTHER VERTICALS: ENCRYPTION SOFTWARE MARKET SIZE, BY REGION, POST-COVID-19 SCENARIO, 2019–2025 (USD MILLION) 142
TABLE 126 POST-COVID-19: OTHER VERTICALS MARKET SIZE, FOR NORTH AMERICA, 2020–2025 (USD MILLION) 142
TABLE 127 POST-COVID-19: OTHER VERTICALS MARKET SIZE, FOR EUROPE,
2020–2025 (USD MILLION) 142
TABLE 128 POST-COVID-19: OTHER VERTICALS MARKET SIZE, FOR ASIA PACIFIC,
2020–2025 (USD MILLION) 143
TABLE 129 POST-COVID-19: OTHER VERTICALS MARKET SIZE, FOR MIDDLE EAST AND AFRICA, 2020–2025 (USD MILLION) 143
TABLE 130 POST-COVID-19: OTHER VERTICALS MARKET SIZE, FOR LATIN AMERICA, 2020–2025 (USD MILLION) 143

1 INTRODUCTION 49
1.1 INTRODUCTION TO COVID-19 49
1.2 COVID-19 HEALTH ASSESSMENT 49
FIGURE 1 COVID-19: THE GLOBAL PROPAGATION 49
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 50
1.3 COVID-19 ECONOMIC ASSESSMENT 51
FIGURE 3 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 51
1.3.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 52
FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY 52
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 53
1.4 OBJECTIVES OF THE STUDY 54
1.5 MARKET DEFINITION 55
1.5.1 MARKET SCOPE 55
FIGURE 6 MARKET SEGMENTATION 55
1.5.2 REGIONS COVERED 56
1.5.3 YEARS CONSIDERED FOR THE STUDY 56
1.6 CURRENCY CONSIDERED 57
1.7 STAKEHOLDERS 57
1.8 SUMMARY OF CHANGES 57

2 RESEARCH METHODOLOGY 58
2.1 RESEARCH DATA 58
FIGURE 7 FIELD SERVICE MANAGEMENT MARKET: RESEARCH DESIGN 58
2.1.1 SECONDARY DATA 59
2.1.2 PRIMARY DATA 59
2.1.2.1 Key industry insights 59
2.1.2.2 Breakdown of primaries 60
2.2 MARKET SIZE ESTIMATION 61
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE) – REVENUE OF ALL SOLUTIONS AND SERVICES IN THE FIELD SERVICE MANAGEMENT MARKET 61
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE) – CALCULATION OF REVENUES OF SOLUTIONS AND SERVICES OF FIELD SERVICE MANAGEMENT VENDORS 62
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 TOP-DOWN (DEMAND SIDE) – SHARE OF THE OVERALL FIELD SERVICE MANAGEMENT MARKET 62
2.3 MARKET BREAKUP AND DATA TRIANGULATION 63
FIGURE 11 DATA TRIANGULATION 63
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2.4 MARKET FORECAST 64
TABLE 1 FACTOR ANALYSIS 64
2.5 COMPETITIVE LEADERSHIP MAPPING CRITERIA WEIGHTAGE 64
2.5.1 VENDOR INCLUSION CRITERIA 64
2.6 ASSUMPTIONS FOR THE STUDY 65
2.7 LIMITATIONS OF THE STUDY 65
3 EXECUTIVE SUMMARY 66
FIGURE 12 LARGE ENTERPRISES SEGMENT TO HOLD THE LARGEST SHARE IN THE FIELD SERVICE MANAGEMENT MARKET IN 2020 68
FIGURE 13 NORTH AMERICA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE FIELD SERVICE MANAGEMENT MARKET IN 2020 68
4 PREMIUM INSIGHTS 69
4.1 OVERVIEW OF THE FIELD SERVICE MANAGEMENT MARKET 69
FIGURE 14 FIELD SERVICE OPTIMIZATION IS TO DRIVE THE MARKET GROWTH 69
4.2 NORTH AMERICA: FIELD SERVICE MANAGEMENT MARKET, BY VERTICAL AND COUNTRY 70
FIGURE 15 MANUFACTURING VERTICAL AND THE US TO ACCOUNT FOR THE LARGEST SHARE IN THE NORTH AMERICAN FIELD SERVICE MANAGEMENT MARKET IN 2020 70
4.3 ASIA PACIFIC: FIELD SERVICE MANAGEMENT MARKET, BY VERTICAL AND COUNTRY 70
FIGURE 16 MANUFACTURING VERTICAL AND THE REST OF APAC TO ACCOUNT FOR THE LARGEST SHARE IN THE ASIA PACIFIC FIELD SERVICE MANAGEMENT MARKET IN 2020 70
5 MARKET OVERVIEW AND INDUSTRY TRENDS 71
5.1 INTRODUCTION 71
5.2 MARKET DYNAMICS 71
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: FIELD SERVICE MANAGEMENT MARKET 71
5.2.1 DRIVERS 72
5.2.1.1 Rising need for mobility with IoT 72
5.2.1.2 Increasing need for predictive analytics 72
5.2.1.3 Increasing adoption of cloud-based applications 72
5.2.2 RESTRAINTS 73
5.2.2.1 Security concerns of organizations related to data confidentiality 73
5.2.3 OPPORTUNITIES 73
5.2.3.1 Emergence of technologies, such as augmented reality 73
5.2.3.2 New sales opportunities by technicians and CRM 73
5.2.4 CHALLENGES 74
5.2.4.1 Selecting solutions that align with organizational business needs 74
5.2.4.2 Outbreak of pandemics/epidemics 74
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5.3 USE CASES 74
5.3.1 USE CASE 1: CASTELAN GROUP 74
5.3.2 USE CASE 2: AUTO WINDSCREENS 75
5.3.3 USE CASE 3: VIASAT 75