Market Overview
By 2023, the cloud encryption market is expected to be worth roughly USD 2959 million. From 2017 to 2023, the global cloud encryption market is expected to develop at a pace of 29%. Pre-storage data transformation and encoding are two terms used to describe cloud encryption. The cloud encryption business uses mathematical techniques to convert information from its original form to an indecipherable one to make data incomprehensible.
Since there are so many players in the cloud encryption business, it is growing at an astronomical speed. The major competitors in the cloud encryption market are introducing new ideas that might give consumers more convenient and practical solutions. Cloud encryption solutions are the most fantastic method to keep your data safe and sound when it comes to cyber attacks. The proliferation of harmful malware and increasing spam emails has prompted businesses to use cloud encryption.
Even the most essential market participants exert the utmost effort to provide better solutions and restore development in the cloud encryption industry. As a result of the lockdown limitations, businesses started to rely more on cloud-based technologies. A cloud encryption solution's characteristics safeguarded data from unauthorised and harmful users, which increased the need for cloud encryption solutions. The cloud encryption industry is expected to develop rapidly in the following years due to the rising interest in cloud encryption services.
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Regional Classification
Since many of the world's leading technology companies are headquartered here, North America dominates the worldwide cloud encryption business. All other areas globally are dwarfed by this one as far as income generation is concerned. There has been a rise in interest in cloud services that are incredibly secure after recent record data breaches, which have resulted in the loss of customer data. Several high-profile people's iCloud accounts were hacked by hackers, resulting in a public outcry from Apple and the media. In this wake, Apple was forced to improve its data protection and incorporate more excellent encryption in its products and services. Businesses have been obliged to spend a lot of money on encryption because of similar attacks. All business sectors must abide by regional regulations, which have boosted interest in cloud security.
Industry News
Customers of Google's G Suite suite of cloud-based office efficiency and collaboration tools now access a new safety management tool. Administrations may now better understand the security mechanisms protecting their cloud data thanks to Security Center, a new tool for G Suite.
Market Segmentation
Several categories in the worldwide cloud encryption market are segmented on the service type, cloud deployment, component, organization size and vertical.
The cloud encryption industry may be broken down into IaaS, SaaS, and PaaS subsectors in terms of service models. The market for service models is predicted to grow by 2022, with a substantial market share going to IaaS services. This is due to the rising demand for cloud applications to be protected from computer hackers, driving the SaaS section of the cloud encryption market. The growing use of cloud-based applications across many industrial sectors is helping the SaaS market gain pace.
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Between 2017 and 2022, the services market is predicted to increase fastest. The fast expansion of the cloud encryption industry is partly due to the widespread use of these solutions and services by multinational corporations throughout the world.
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According to a new market research report "Cloud Encryption Market by Component (Solution and Service), Service Model (Infrastructure-as-a-Service, Software-as-a-Service, and Platform-as-a-Service), Organization Size, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the cloud encryption market size is expected to grow from USD 645.4 Million in 2017 to USD 2,401.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.1%.The demand for cloud encryption is majorly driven by stringent government regulations and the need to protect mission critical data residing on the cloud.
With the rising demand for cloud and virtualization across different industry verticals, the adoption rate of cloud encryption among enterprises is expected to gain a major traction during the forecast period.Browse in-depth TOC on "Cloud Encryption Market"65- Tables 36- Figures 168- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=158713019The Infrastructure-as-a-Service (IaaS) model is expected to hold the largest market shareThe IaaS segment includes the offerings such as servers, storages, and networking infrastructure on-premises private cloud.
Thus, enterprises are adopting cloud encryption solution and services to run business-critical functions securely.The telecom and IT vertical is expected to grow at the fastest rateThe telecom and IT vertical involves high usage of cloud-based applications for their business operations and is thus frequently attacked by cybercriminals.
Companies in this sector are adopting cloud encryption solutions so as to provide their customers risk-free services.
Therefore, cloud encryption solutions are helping telecom and IT companies in enhancing their services and providing secure information to customers while complying with regulations.North America is expected to contribute to the largest market share; Asia Pacific to grow the fastest during the forecast periodNorth America is expected to have the largest market share and dominate the cloud encryption market from 2017 to 2022, owing to the early adoption of new and emerging technologies and the presence of a large number of players in this region.
APAC offers extensive growth avenues in the cloud encryption market, owing to a widespread presence of SMEs that are extensively adopting cloud technology.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=158713019The major vendors providing cloud encryption solutions and services are Thales e-Security (La Defense, France), Gemalto N.V. (Amsterdam, Netherlands), Sophos Group plc (Abingdon, UK), Symantec Corporation (California, US), Skyhigh Networks (California, US), Netskope Inc. (California, US), CipherCloud (California, US), HyTrust, Inc. (California, US), Trend Micro Incorporated (Tokyo, Japan), Vaultive, Inc. (Massachusetts, US), and TWD Industries AG (Unteriberg, Switzerland).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
According to a new market research report "Cloud Encryption Market by Component (Solution and Service), Service Model (Infrastructure-as-a-Service, Software-as-a-Service, and Platform-as-a-Service), Organization Size, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the cloud encryption market size is expected to grow from USD 645.4 Million in 2017 to USD 2,401.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.1%.The demand for cloud encryption is majorly driven by stringent government regulations and the need to protect mission critical data residing on the cloud.
With the rising demand for cloud and virtualization across different industry verticals, the adoption rate of cloud encryption among enterprises is expected to gain a major traction during the forecast period.
Thus, enterprises are adopting cloud encryption solution and services to run business-critical functions securely.The telecom and IT vertical is expected to grow at the fastest rateThe telecom and IT vertical involves high usage of cloud-based applications for their business operations and is thus frequently attacked by cybercriminals.
Companies in this sector are adopting cloud encryption solutions so as to provide their customers risk-free services.
Therefore, cloud encryption solutions are helping telecom and IT companies in enhancing their services and providing secure information to customers while complying with regulations.North America is expected to contribute to the largest market share; Asia Pacific to grow the fastest during the forecast periodNorth America is expected to have the largest market share and dominate the cloud encryption market from 2017 to 2022, owing to the early adoption of new and emerging technologies and the presence of a large number of players in this region.
APAC offers extensive growth avenues in the cloud encryption market, owing to a widespread presence of SMEs that are extensively adopting cloud technology.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=158713019The major vendors providing cloud encryption solutions and services are Thales e-Security (La Defense, France), Gemalto N.V. (Amsterdam, Netherlands), Sophos Group plc (Abingdon, UK), Symantec Corporation (California, US), Skyhigh Networks (California, US), Netskope Inc. (California, US), CipherCloud (California, US), HyTrust, Inc. (California, US), Trend Micro Incorporated (Tokyo, Japan), Vaultive, Inc. (Massachusetts, US), and TWD Industries AG (Unteriberg, Switzerland).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Global Cloud Encryption Market Forecast 2026Reports and Data has recently added an investigative study report on the “Global Cloud Encryption Market”.
The report assesses the Cloud Encryption Market with regards to the profit margin, value chain analysis, recent developments, opportunities, year-on-year growth along with SWOT analysis, Porter’s Five Forces analysis, and PESTEL analysis.
It also provides market estimates, size, and forecast for key segments and sub-segments for the period of 2020-2027.
An in-depth analysis of the growth tactics and expansion undertaken by the prominent players of the market are covered in the report.Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market.
The report covers the initial and future assessment of the COVID-19 impact on the market.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2224The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players.
The Cloud Encryption Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape.
