Press release
Cloud Encryption Market Driven By Rising Adoption of Cloud-based Solutions among Small and Medium Size Enterprises By 2025
At the forefront of driving the global cloud encryption market is the dire need to encrypt data before it is transferred to the cloud for storage. Growing demand for security capabilities offered by cloud encryption solutions is leading to the increased penetration and growth of cloud encryption market globally.
Further, the increasing adoption of advanced data storage technology and data storage architecture by small and medium enterprises (SMEs) is leading to the increased penetration of cloud encryption solutions. The trend is noticeable among SMEs in countries such as China, India, and Japan due to the rising adoption of software as a service (SaaS) distribution model. SMEs are increasingly switching from in-house data center to cloud for various applications that helps saves running and managing cost of their data centers. The use of cloud also helps accelerate the application delivery process.
Early adoption of Bring-your-own-device (BYOD) Practices in Developed Regions Stokes Demand
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Top Industry Player’s
This report studies the global Cloud Encryption market, analyzes and researches the Cloud Encryption development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Ciphercloud, Gemalto N.V., Hytrust, Inc, International Business Machines Corporation, Netskope, Inc, Secomba GmbH, Skyhigh Networks, Sophos Group PLC, Symantec Corporation, Thales E-Security, Trend Micro Incorporated, Vaultive, Inc., TWD Industries AG, Parablu Inc.
The Infrastructure-as-a-Service (IaaS) model is expected to hold the largest market share
The IaaS segment includes the offerings such as servers, storages, and networking infrastructure on-premises private cloud. This infrastructure is used to run the applications on the public cloud. It enables the organizations to reduce the total cost of ownership as the infrastructure is being provided by third-party vendors in the form of cloud-based data centers. However, virtualization introduces new security challenges. Thus, enterprises are adopting cloud encryption solution and services to run business-critical functions securely.
Market Segments
• Market segment by Regions/Countries, this report covers
• United States
• EU
• Japan
• China
• India
• Southeast Asia
Market segment by Type, Cloud Encryption can be split into
• By Service Model
• By Organization Size
Market segment by Application, Cloud Encryption can be split into
• Banking, Financial Services, and Insurance
• Healthcare
• Telecom and IT
• Government and Public Utilities
• Aerospace and Defense
• Retail
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