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Cloud Encryption Market Size, Status and Forecast 2022

09-01-2017 10:33 AM CET | IT, New Media & Software

Press release from: QY Research Groups

Cloud Encryption Market

Cloud Encryption Market

Encryption is considered as one of the most efficient approaches for the security of data or file in such a way that it is not possible to decrypt or access without a decryption key. Whereas, cloud encryption is a service extended by cloud storage suppliers in which data or message is encoded applying encryption algorithms and is then positioned on a storage cloud. Use of encryption has ascended sharply in the previous several years and is used in a large number of ways, from ciphering data in file systems to data and databases being transported over internal and public networks.

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Presently, security is the main challenge in cloud services application. To fulfill this challenge, cloud storage suppliers are rendering cloud encryption. Cloud encryption is approximately the same as internal encryption with an only key difference. The cloud customers have to learn about the policies and procedures of encryption contrasting to the internal encryption. The cloud encryption method being used by the cloud storage suppliers should be equivalent to the level of a predisposition of the data which is being entertained.

The global cloud encryption market is projected to experience steady growth during the forecast period with prominent compound annual growth rate. The rising government regulations on privacy and security of data improved security standards and in order to make sure that the confidentiality of the data traveling over the network and to withstand the rising data security policies, the administrations have to put efficient data security technologies in service.
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These factors are fueling the demand of the cloud encryption in the global market. Some other factors contributing to the growth of the global cloud encryption market are increasing adoption of cloud services and the rise of cloud service-specific attacks. However, the cloud encryption method needs regular upgrading, to keep updated with the numerous technological advancements, is the only factor that may affect the growth of the global cloud encryption market to some extent over the forecast period.
The key market players in the global cloud encryption market are Parablu Inc., Ciphercloud, Trend Micro Incorporated, International Business Machines Corporation, TWD Industries AG, Symantec Corporation, Hytrust, Inc., Thales E-Security, Secomba GmbH, Sophos Group PLC, Gemalto N.V., Netskope, Inc, Skyhigh Networks and Vaultive, Inc. According to product types, the market industry is split into; By Service Model and By Organization Size. By application, the global market is classified as; Banking, Financial Services, and Insurance, Government and Public Utilities, Healthcare, Aerospace and Defense, Telecom and IT and Retail. Geographically, the global cloud encryption market is segmented into regions which are; Southeast Asia, Asia-Pacific, North America, South America Europe, Africa, Middle East and rest of the world.

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QY Research Groups is a company that simplifies how analysts and decision makers get industry data for their business. Our unique colossal technology has been developed to offer refined search capabilities designed to exploit the long tail of free market research whilst eliminating irrelevant results. QY Research Groups is the collection of market intelligence products and services on the Web. We offer reports and update our collection daily to provide you with instant online access to the world's most complete and current database of expert insights on Global industries, companies, products, and trends.

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