The global encryption software market was valued at USD 13.46 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. This growth is largely driven by escalating concerns over data security, particularly as the trends of the Internet of Things (IoT) and Bring Your Own Device (BYOD) become more prevalent among businesses. These trends have...
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