The global encryption software market was valued at USD 13.46 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. This significant growth is primarily driven by rising concerns over data security, especially as trends such as the Internet of Things (IoT) and Bring Your Own Device (BYOD) become more common in businesses. The increased use...
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