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Global Cloud Encryption Market Pegged to be worth US$2,912.3 mn 2025 with a Remarkable CAGR of 21%
Cloud encryption is a service offered by cloud storage providers whereby data, or text, is transformed using encryption algorithms and is then placed on a storage cloud. At present, 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 around the world.
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Major Insights in Global Cloud Encryption Market
In order to provide readers a comprehensive overview of the market, the report segments the market on the basis of service model, industry vertical and region. The service model segment includes IaaS, SaaS and PaaS. On the other hand, industry vertical segment includes BFSI, healthcare, government and utilities, telecom and IT, retail, aerospace and defense and others. Of these, Telecom and IT segment among the key industry verticals are likely to display the leading CAGR in the coming years.
In order to understand the geographical presence of the cloud encryption market, the report studies market's performance in North America, Latin America, Europe, Asia Pacific, South America and the Middle East and Africa. The increasing adoption of software as a service and infrastructure as a service models primarily in developed economies is positively prompting cloud encryption market. Geography-wise, North America stood as the top revenue generating region in the year 2017.
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Additionally, the early adoption of bring-your-own-
In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry. Secomba GmbH, Hytrust, Inc., Gemalto NV, Netskope Inc., Skyhigh Networks, Sophos Group Plc., IBM Corporation, Symantec Corporation, CipherCloud, Inc. and Thales e-Security, Inc. are some of the foremost players functioning within the cloud encryption market profiled in this study. For these players, details such as financials, SWOT analysis, business strategies, recent developments, and others are also defined.
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