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Cloud Encryption Market Growing at a CAGR of 52.1% During Forecast Period 2017-2023 | Ciphercloud, Gemalto, Hytrust, IBM, Netskope, Secomba, Skyhigh Networks, Sophos, Symantec, Thales E-Security etc

05-13-2019 03:48 PM CET | IT, New Media & Software

Press release from: ReportsWeb

Cloud Encryption Market

Cloud Encryption Market

Cloud storage providers offer cloud encryption services to encrypt data before it is transferred to the cloud for storage. Typical cloud encryption applications range from encrypted connections to limited encryption only of data that is known to be sensitive (such as account credentials) to end-to-end encryption of any data that is uploaded to the cloud. In these models, cloud storage providers encrypt data upon receipt, passing encryption keys to the customers so that data can be safely decrypted when needed. 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. The global Cloud Encryption market is valued at 940 million USD in 2017 and is expected to reach 11600 million USD by the end of 2023, growing at a CAGR of 52.1% between 2017 and 2023.

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.

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Leading Cloud Encryption Market Players:
Ciphercloud, Gemalto, Hytrust, IBM, Netskope, Secomba, Skyhigh Networks, Sophos, Symantec, Thales E-Security, Trend Micro, Vaultive, TWD Industries AG, Parablu

Global Cloud Encryption Market Analysis to 2023 is a specialized and in-depth study of the Cloud Encryption industry with a focus on the global market trend. The report aims to provide an overview of global Cloud Encryption Market with detailed market segmentation by product, application and geography. The global Cloud Encryption market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Cloud Encryption players and offers key trends and opportunities in the market. The report covers the present scenario and the growth prospects of the cloud encryption market. To calculate the market size, the report considers the revenue generated from the sales to ned-users such as BFSI, manufacturing, professional services, healthcare, government, and others.

Market Segment by Type, covers
Infrastructure-as-a-Service (IaaS)
Software-as-a-Service (SaaS)
Platform-as-a-Service (PaaS)

Market Segment by Applications, can be divided into
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Telecom and IT
Government and Public Utilities
Aerospace and Defense
Retail
Others

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Cloud Encryption market based on product and application. It also provides market size and forecast till 2023 for overall Cloud Encryption market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments.

Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Cloud Encryption Market Size
2.2 Cloud Encryption Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Cloud Encryption Market Size by Manufacturers
3.2 Cloud Encryption Key Players Head office and Area Served
3.3 Key Players Cloud Encryption Product/Solution/Service
3.4 Date of Enter into Cloud Encryption Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Cloud Encryption Sales by Product
4.2 Global Cloud Encryption Revenue by Product
4.3 Cloud Encryption Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Cloud Encryption Breakdown Data by End User

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