Cloud Encryption Market Update: Exceeding Expectations of Key Players That Shows Promising Future

Seattle, WA -- (SBWire) -- 12/03/2019 --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. Encryption is used when sensitive data such as account details or other information is stored on cloud storage by applying encryption to the data so that only authorized user can access the data. In case the data is lost or stolen due to no encryption key, the data cannot be accessed. In the case of companies who are increasingly using the cloud for storing sensitive data can use encryption to ensure that only authorized users have access.

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Cloud Encryption Market: Growth Factors

The utilization of encryption has risen pointedly owing to its arrangement in a number of courses, from encoding information and exchange of information over open and inner systems as associations need to exploit cloud encryption for its adaptability and cost. Alongside the security of database are a few components, which are responsible to push interest for cloud encryption market throughout.

Expansion in the cloud reception and virtualization and stringent controls to build the appropriation of cloud encryption arrangements are factors responsible for the development of the market globally. Developing interest for security capacities offered by cloud encryption system is promoting the expansion and development of cloud encryption market.

Market Segmentation:

By component:
- Solution
- Services

By organization size:
- Small Enterprises
- Medium Enterprises
- Large Enterprises

By service model:
- SAAS(software as a services)
- PAAS(platform as a services)
- IAAS(Infrastructure as a services)

By platform/End-User:
- BFSI
- Healthcare
- Retail and Consumer goods
- IT and Telecom
- Media and Entertainment
- Travel and Hospitality
- Government
- Other

Regional Analysis:

On the basis of geography, global cloud encryption market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for cloud encryption in North America is expected to account for the largest share in the global market over the forecast period. The U.S. held the dominant position in North America cloud encryption market in 2016. The U.S. and Canada are major growth engines in North America.

Geographically, China and India contribute huge income to the Asia Pacific cloud encryption market. The cloud encryption market has a vast influence on the world. A detailed market taxonomy of the global cloud encryption market leads to an accurate understanding of this vast market.

Key Players:

Gemalto N.V., Ciphercloud, Inc, International Business, Machines Corporation, Hytrust, Netskope, Inc, Skyhigh Networks, Symantec Corporation, Thales E-Security, Secomba GmbH, Trend Micro Incorporated, Vaultive, Inc., Sophos Group PLC, TWD Industries AG, Parablu Inc. and many others.

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