Global Cloud Encryption Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
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May 2023
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This report was compiled by Vishwa Gaul Vishwa is an experienced market research and consulting professional with over 8 years of expertise in the ICT industry, contributing to over 700 reports across telecommunications, software, hardware, and digital solutions. Correspondence Team Lead- ICT Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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MarketResearch.biz delivers in-depth insights on the global cloud encryption market in its upcoming report titled, “Global Cloud Encryption Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global cloud encryption market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global cloud encryption market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report offers insightful and detailed information regarding the various key players operating in the global cloud encryption market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cloud encryption market report has been segmented on the basis of services, industrial verticals, and region.
Cloud encryption is a service offered by cloud storage providers where the data is encrypted before it is shifted to cloud storage. It is used when sensitive data such as account details or other information is stored on cloud storage by applying encryption to the data so that only authorized user can access the data. In case the data is lost or stolen due to no encryption key the data cannot be accessed.
Increasing adoption of software as a services in developed countries by industries such as defense, healthcare, etc., is a key factor driving growth of the global cloud encryption market. In addition, increasing complexity of IT systems, growing awareness & regulatory standards related to data security, and use of cloud encryption security by telecom, banking, and IT industry are other factors expected to boost growth of the global cloud encryption market.
However, high cost associated with the cloud storage to providers based in developing countries is expected to challenge growth of the global cloud encryption market. In addition, complexity of sharing cloud encrypted data on mobile or other device platforms is other factor expected to hamper growth of the global cloud encryption market.
Technological advancements such as automatic detection of breach and deep analysis is expected to present new opportunities to market players operating in global cloud encryption market over the forecast period.
North America market is a dominant player in the global cloud encryption market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to increasing demand from well-developed industrial verticals such as healthcare, IT, retail, government, banking, etc. Europe market accounts for the second largest revenue share contribution in the global cloud encryption market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increase in IT infrastructure development and rise in complexity of IT systems in emerging economies in this region.
Global Cloud Encryption Market Segmentation:
Global cloud encryption market segmentation by services:
- Infrastructure-as-a-service
- Software-as-a-service
- Platform-as-a-service
Global cloud encryption market segmentation by industrial verticals:
- Healthcare
- Government and Utilities
- Telecom and IT
- Retail
- Others
Global cloud encryption market segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- CipherCloud Inc.
- Hytrust Inc.
- Gemalto NV
- IBM Corporation
- Netskope Inc.
- Secomba GmbH
- Skyhigh Networks Inc.
- Sophos Group Plc.
- Symantec Corporation
- Thales e-Security Inc.
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