Chicago, IL -- (SBWIRE) -- 09/13/2017 -- A service provided by cloud storage whereby text and data is converted with the help of encryption algorithm which is further kept into storage cloud is called cloud encryption. Usage of encryption has sharply risen in past few years which are being deployed in several ways, from data encryption in file systems and databases and to the data that is being transferred over internal and public networks.

The report on the global Cloud encryption market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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Regionally, the global market for cloud encryption is segmented as Europe, Latin America, Asia-Pacific, Middle East & Africa and North America. Among these, North American followed by Europe region is anticipated to be maximum revenue generator in the global market for cloud encryption over the forecast period. This is because in the developed economies, there is an elevated focus on different innovations that are obtained from R&D activities and security based technology. The Asia Pacific region is projected to grow fast in the market for cloud encryption globally due to growing adoption of cloud based technology within several companies.

MARKET SEGMENTATION

This report analyzes the cloud encryption market by the following segments:

Cloud Encryption Market, by Component

1. Solution
2. Service

Cloud Encryption Market, by Service Model

1. Infrastructure-as-a-Service
2. Software-as-a-Service
3. Platform-as-a-Service

Cloud Encryption Market, by Organization Size

1. Large Enterprises
2. Small and Medium-sized Enterprises (SMEs)
3. Cloud Encryption Market, by Vertical
4. Banking, Financial Services, and Insurance (BFSI)
5. Healthcare
6. Government and Public Utilities
7. Telecom and IT
8. Retail
9. Aerospace and Defense

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