Global Cloud Encryption Market to Grow at 21.5% CAGR through 2025

In a largely consolidated global cloud encryption market well-entrenched players are banking upon technological innovations in a bid to gain competitive advantage and capture larger market share. For example, in September 2017, SonicWall Inc. launched a host of advanced cloud security products for automated breach detection and deep security data analysis.

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The global cloud encryption market is primarily driven by the dire need to encrypt data before it is transferred to the cloud for storage. This, along with the rising demand for security capabilities offered by cloud encryption solutions is leading to the penetration and growth of cloud encryption market globally.

Apart from this, numerous advancements such as encrypted payment solutions, automated real-time breach detection and prevention are anticipated to positively influence the cloud encryption market. Further, the rising adoption of software as a service (SaaS) distribution model and increasing switch from in-house data center to cloud among small and medium enterprises (SMEs) to save running and managing costs are stoking demand for cloud encryption solutions for data confidentiality.

A report by Market Research Reports Search Engine (MRRSE) forecasts the global cloud encryption market will display an outstanding 21.5% CAGR over the forecast period from 2017 to 2025, to become worth US$2,912.3 mn by the end of 2025 from US$507.2 mn in 2016.

Global Cloud Encryption Market: Scope of Study

The market overview section of the report demonstrates the market dynamics such as the drivers, restraints, opportunities, trends that is expected to influence the current nature and future status of this market. Key indicators mentioned in the report provides a robust view about the vital factors that led to the strong adoption of cloud encryption solutions around the globe. The key indicators also provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period. An attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario of cloud encryption market. Moreover, the report provides an overview of various strategies adopted by the key players present in the market in company profile section. The report also includes key industry developments covering significant advances made by leading market players over the period of time.

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This report provides all the essential information required to understand the key developments in cloud encryption market, growth trend of each segment and strategy of each company that helps them to efficiently compete in the market. Also, the report provides insights related to trends and its impact on the market. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the cloud encryption market.

The report segments the market on the basis of service model, industry vertical and region. The service model segment includes IaaS, SaaS and PaaS. Industry vertical segment includes BFSI, healthcare, government and utilities, telecom and IT, retail, aerospace and defense and others.

Global Cloud Encryption Market: Competitive Landscape

The report also highlights the competitive landscape of the global cloud encryption market, thereby positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the cloud encryption market. The comprehensive cloud encryption market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting cloud encryption market growth.

CipherCloud, Inc., Hytrust, Inc., Gemalto NV, IBM Corporation, Netskope Inc., Secomba GmbH, Skyhigh Networks, Sophos Group Plc., Symantec Corporation and Thales e-Security, Inc. are some of the major players operating within the cloud encryption market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

Global Cloud Encryption Market

By Service Model

IaaS
SaaS
PaaS
By Industry Vertical

BFSI
Healthcare
Government and Utilities
Telecom and IT
Retail
Aerospace and Defense
Others 
By Region

North America
The U.S.
Canada
Rest of North America
Europe
U.K.
Germany
France
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East and Africa
GCC
South Africa
Rest of MEA
South America
Brazil
Rest of South America

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This release was published on openPR.