Press release
An Extensive Report On Cloud Encryption Market 2018 Global Analysis By Key Players – Trend Micro Inc, IBM Corporation, Symantec Corporation, Dell Technologies Inc, Google Inc, Vaultive Inc, Sophos Group Plc, Cisco Sytems Inc, Perspecsys Inc, and SkyHigh
Global Cloud Encryption Market Overview:The cloud encryption market 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%.
A cloud not only provides external storage for multiple end-user segments, such as electricity, retail, and government services but is also scalable and an on-demand solution for unlimited data access. Cloud computing can improve an organization's IT and analytics capabilities by enabling it to collect, separate, process, and analyze large volumes of data.
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Drivers and Restraints:
The proliferation of cloud adoption and virtualization, as well as stringent regulations to increase the adoption rate of cloud-based encryption solutions, are some of the factors driving the growth of the global market. The growing adoption of infrastructure as a service model and software as a service model in developed countries is having a positive impact on the cloud disruption market. Developing countries are also benefiting from rapid adoption of their own device practices. In addition to these advances in cloud technology in developed countries, as well as the demand for private and confidential data, the growth of the global cloud encryption market will be critical. The increasing complexity of systems and the ability to implement new applications with the strengthening of the cloud-based encryption market in developing countries such as India and China. In particular, the health and BFSI sectors are seeing significant demand for cloud-based encryption solutions due to the increasing complexity of computer systems.
Geographical Segmentation:
Geographically, the market is segmented into regions of Latin America, Middle East and Africa, North America, Europe and Asia Pacific. North America is the main contributor of income to the market. The United States ranked first in the cloud encryption market in North America in 2016 and is expected to reach an average annual growth rate during the forecast period. US accounts for leading market share due to early adoption of practices to bring their own devices (BYOD) that require data encryption before being shared via unsecured networks.
The growing adoption of cloud-based encryption solutions in the healthcare sector is also a key driver for the growth of the cloud-based cloud encryption market in North America. For example, in October 2017, Hudson Valley Fertility, a fertility and IVF center, implemented the email encryption solution and the HIPPA compliant tool, "Delivery Trust", to protect confidential information from clients and patients. Powered by the UK and Germany, Europe is expected to have a significant stake in the global cloud encryption market over the forecast period. Europe is expected to show an average annual growth rate of 20.9% during the forecast period. Many companies in the region are evaluating the reliability of Cloud Access Security Broker (CASB) to encrypt their cloud-based data to protect them.
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Key Players of the Global Cloud Encryption:
Major Key Players of the Global Cloud Encryption market are Trend Micro Inc, IBM Corporation, Symantec Corporation, Dell Technologies Inc., Google Inc., Vaultive Inc., Sophos Group Plc, Cisco Sytems Inc., Perspecsys Inc., Hewlett Packard Enterprise Company, and SkyHigh Networks (McAfee Inc.).
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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