Global Cloud Encryption Market Analysis to 2025 Lead By CipherCloud, IBM, Hytrust, Gemalto NV, Skyhigh Networks, Secomba, Netskope, Symantec, Sophos Group And Thales e-Security
Some of the key players influencing the market are CipherCloud, Inc., IBM Corporation, Hytrust, Inc., Gemalto NV, Skyhigh Networks, Secomba GmbH, Netskope Inc., Symantec Corporation, Sophos Group Plc. And Thales e-Security, Inc. among others.
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The rapid expansion of information security and business regulations globally have resulted in burgeoning security and privacy challenges among the key corporate executives. Owing to this the cloud storage providers, few years back had come with encryption services for encrypting the data before it is transmitted to the cloud storage. Furthermore, the encryption is observed to be one of the most effective data security strategies used by the organization, some of these strategies include scrambling the contents of a file, database and system in a way that it can be decoded only with the help of a decryption key.
Expansion in Cloud Adoption and Virtualization, increasing number of cyber-attacks, malicious software and risk related to the data theft are some of the key drivers for the growth of global cloud encryption market. However, lack of awareness about cloud encryption and high budget for the adoption of cloud encryption solution are some of the major restraints for the growth of the global cloud encryption market.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
Also, key cloud encryption market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information for the last 3 years, the key development in the past five years.
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