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30.1% CAGR for cloud encryption market forecast to 2022 explored in latest research

IT Market Research

Cloud Encryption Market research report focus on size, share, survey, industry intelligence, business acumen and grab attention on Industry trends on Cloud Encryption Market strategy, analysis, survey during forecast period 2017 to 2022.

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North America is the foremost potential market due to the presence of a large number of players offering the cloud encryption in this region

The following key cloud encryption providers are profiled in the report such as

  • Thales e-Security (La Defense, France),
  • Gemalto N.V. (Amsterdam, Netherlands),
  • Sophos Group plc (Abingdon, UK),
  • Symantec Corporation (California, US),
  • Skyhigh Networks (California, US),
  • Netskope Inc. (California, US),
  • CipherCloud (California, US),
  • HyTrust, Inc. (California, US),
  • Secomba GmbH (Augsburg, Germany),
  • IBM Corporation (New York, US).

The SaaS applications might contain malicious activities that may cause significant data loss. Therefore, the cloud encryption solutions and services help in minimizing the loss of data by encrypting it and allowing only authorized a person to access the same with the help of encryption keys.

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Software-as-a-Service (SaaS) service model in the cloud encryption market is expected to grow at the fastest rate, during the forecast period.

The major reason for the high growth rate of SaaS among service models is the increased usage of the cloud-based applications from the cloud service providers.

This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (55%); Tier 2 (20%) and Tier 3 (25%) companies were contacted for interviews.

The interviews were conducted with various key people such as C level (60%), Director Level (25%) and others (15%) from various key organizations. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (30%), Europe (25%), North America (15%), and Row (10%).

This region is expected to hold the largest market size during the forecast period, as organizations are more focused on securing the cloud data at rest as well as in transit.

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Furthermore, organizations have invested hugely in advanced technologies to gain competitive advantage and improve business operations. The APAC region is in the initial growth phase; however, it is the fastest growing region in the global cloud encryption market.

The increasing adoption of cloud encryption solutions in this region is due to the wide-spread presence of SMEs that are implementing enhanced cloud encryption solutions to prevent unauthorized access to critical business data residing on the cloud and unethical use of such information.

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