Cloud Encryption Technology Market Size, Share & Trends Analysis Report by Type (Solution and Service) By Service Models (Software-as-a-service, Infrastructure-as-a-service, and Platform-as-a-service), By End-User (Healthcare, BFSI, Telecom &IT, Government & Public Utilities, Retail, Aerospace & Defence and Others) And Forecast, 2019 - 2025.
As the demand for data security increases across the globe, cloud encryption technology is expected to gain significant traction over the forecast period. As the key players in the market aim at introducing a various type of encryption technologies across the globe, it is inviting a wide range of consumers, thereby creating opportunities for the growth of the market in the near future. The cloud security alliance recommends that the sensitive data should be encrypted for data privacy with approved algorithms and keys. And should be encrypted in rest and in transit, should be encrypted before it passes from enterprise to cloud server, the staff. Also, the cloud service provider should not have access to the decryption keys. Owing to a plethora of cybersecurity attacks on commercial sites and various other end-use industries, the demand for such software is expected to increase significantly in the coming years.
As the risk associated with cloud environments have increased, this is expected to significantly increase the demand of the cloud encryption technology across the globe. Furthermore, the stringent government regulations regarding the data security and privacy are also expected to ramp up the demand of services in the near future. However, the cost associated with this technology is on a higher side as compared to that of the other alternatives, this can somehow derail the growth of the market in the near future.
The report covers analysis of cloud encryption technology market in North America, Europe, Asia-Pacific and Rest of World. North America is expected to dominate the market over the forecast period owing to the presence of numerous key players in the region coupled with stringent government regulations across the region. Furthermore, Europe is expected to follow North America in terms of share occupied owing to increased adoption of advanced technology such as cloud technology. Numerous key players engage in providing products in cloud encryption technology market such as ADVA Optical Networking SE, Egress Software Technologies Ltd., Bitglass, Inc., Virtru Corporation, Netskope, Inc., Thales eSecurity, Inc. and so on.
Research Methodology
The market study of the global cloud encryption technology market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the publisher's.
Secondary sources include:
The report is intended for IT companies, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation:
Global cloud encryption technology market is segmented on the basis of regional outlook and following segments:
1. Global Cloud Encryption Technology Market Research and Analysis by Type
2. Global Cloud Encryption Technology Market Research and Analysis by Service Models
3. Global Cloud Encryption Technology Market Research and Analysis by End-User
4. Global Cloud Encryption Technology Market Research and Analysis by Geography
The Report Covers:
As the demand for data security increases across the globe, cloud encryption technology is expected to gain significant traction over the forecast period. As the key players in the market aim at introducing a various type of encryption technologies across the globe, it is inviting a wide range of consumers, thereby creating opportunities for the growth of the market in the near future. The cloud security alliance recommends that the sensitive data should be encrypted for data privacy with approved algorithms and keys. And should be encrypted in rest and in transit, should be encrypted before it passes from enterprise to cloud server, the staff. Also, the cloud service provider should not have access to the decryption keys. Owing to a plethora of cybersecurity attacks on commercial sites and various other end-use industries, the demand for such software is expected to increase significantly in the coming years.
As the risk associated with cloud environments have increased, this is expected to significantly increase the demand of the cloud encryption technology across the globe. Furthermore, the stringent government regulations regarding the data security and privacy are also expected to ramp up the demand of services in the near future. However, the cost associated with this technology is on a higher side as compared to that of the other alternatives, this can somehow derail the growth of the market in the near future.
The report covers analysis of cloud encryption technology market in North America, Europe, Asia-Pacific and Rest of World. North America is expected to dominate the market over the forecast period owing to the presence of numerous key players in the region coupled with stringent government regulations across the region. Furthermore, Europe is expected to follow North America in terms of share occupied owing to increased adoption of advanced technology such as cloud technology. Numerous key players engage in providing products in cloud encryption technology market such as ADVA Optical Networking SE, Egress Software Technologies Ltd., Bitglass, Inc., Virtru Corporation, Netskope, Inc., Thales eSecurity, Inc. and so on.
Research Methodology
The market study of the global cloud encryption technology market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the publisher's.
Secondary sources include:
- Financial reports of companies involved in the market
- Authentic Public Databases such as the OECD and others
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog.
The report is intended for IT companies, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation:
Global cloud encryption technology market is segmented on the basis of regional outlook and following segments:
1. Global Cloud Encryption Technology Market Research and Analysis by Type
2. Global Cloud Encryption Technology Market Research and Analysis by Service Models
3. Global Cloud Encryption Technology Market Research and Analysis by End-User
4. Global Cloud Encryption Technology Market Research and Analysis by Geography
The Report Covers:
- Comprehensive research methodology of the global cloud encryption technology market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global cloud encryption technology market.
- Insights about market determinants which are stimulating the global cloud encryption technology market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- ADVA Optical Networking SE
- Bitglass, Inc.
- CipherCloud, Inc.
- Cyphre
- Duality Technologies
- Egress Software Technologies Ltd.
- Fortanix, Inc.
- Gemalto N.V.
- HyTrust, Inc.
- IBM Corp.
- Illumio, Inc.
- McAfee, LLC
- nCrypted Cloud
- Netskope, Inc.
- Parablu, Inc.
- Quantum Corporation
- Secomba GmbH
- Sophos, Ltd.
- SPYRUS Inc.
- Symantec Corp.
- Thales eSecurity, Inc.
- Trend Micro, Inc.
- TWD Industries AG
- Vaultive, Inc.
- Virtru Corporation