Future Trends and Industry Growth Analysis of Cloud Encryption Market

Cloud Encryption Market

Companies and organizations are increasingly adopting cloud encryption techniques for protecting their sensitive information from threats such as data breaches, unauthorized use of data by third party, and malware. For instance: According to CMI survey, In 2017, 98 % of the companies are have experienced the malware attacks, 69% of the companies have experienced the phishing and social engineering attacks. Thus, encryption techniques such as cryptography and steganography are being used for increasing data security, which in turn, is help in reducing data breaches sue to cyber-attacks. This is further expected to aid in growth of the market over the forecast period.

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. Organizations in North America are focusing on their shifting business workload to cloud environment and this is one of major driving factors for growth of the cloud encryption market.

Request Sample Copy of this Report https://www.coherentmarketinsights.com/insight/request-sample/1344

For instance, in 2016, North America accounted for around 42% of the cloud data center workload, globally. As these businesses to shift their workload to cloud, demand for encryption techniques for managing the sensitive data increases, in order to protect the data from cyber threats. Therefore, this is expected to aid in growth of the market. Moreover, increasing cloud traffic in North America is also another major factor for growth of the market. According to the Coherent Market Insights analysis, in 2015, the cloud traffic was 1891 EB (Exabyte) and is estimated to reach 6844EB (Exabyte) by 2020.

Major players operating in the cloud encryption market are Cipher Cloud Inc. (U.S.), Hytrust Inc. (U.S.), Gemalto N.V. (the Netherlands), IBM Corporation (U.S.), Secomba GmbH (Germany), Sky-high Networks Inc. (U.S.)., Sophos Group Plc. (U.K.), Vormetric (U.S.), Boxcyrptor (U.S.), Viivo, Wave System, Symantec Corporation (U.S.), and Thales e-Security Corporation (France).

Request For Customization as per your Need @  https://www.coherentmarketinsights.com/insight/request-customization/1344

 

You may be interested

Social Media Analytics Market to grow like never before by 2026
Information Technology and Gadgets
Information Technology and Gadgets

Social Media Analytics Market to grow like never before by 2026

Sayali Tribhuvan - July 17, 2018

Social Media Analytics Market Research Study provide detailed information about the key factors influencing the growth of the industry which include drivers, restraints, opportunities, and industry-specific challenges,…

Construction Chemicals Market Growth Opportunities and Future Prospects till 2026
Business
Business

Construction Chemicals Market Growth Opportunities and Future Prospects till 2026

Sayali Tribhuvan - July 17, 2018

The Construction Chemicals Market research report covers the present scenario and the growth prospects of the global Construction Chemicals industry for 2018-2026. The report enlists several important…

Intelligent Virtual Assistant Market Expansion to be Persistent During 2018–2026
Information Technology and Gadgets
Information Technology and Gadgets

Intelligent Virtual Assistant Market Expansion to be Persistent During 2018–2026

Sayali Tribhuvan - July 17, 2018

Intelligent Virtual Assistant Market Research Study provide detailed information about the key factors influencing the growth of the industry which include drivers, restraints, opportunities, and industry-specific challenges,…

Most from this category