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

Network-as-a-service Market  to See Incredible Growth By 2026
Information Technology and Gadgets
Information Technology and Gadgets

Network-as-a-service Market to See Incredible Growth By 2026

Alex Mathew - April 20, 2018

Network-as-a-service (NaaS) is the network transport connectivity used for delivering network services virtually over the internet on a metered service (pay-per-use). NaaS providers offer necessary network hardware…

Desktop Virtualization Market  to See Incredible Growth By 2025
Information Technology and Gadgets
Information Technology and Gadgets

Desktop Virtualization Market to See Incredible Growth By 2025

Alex Mathew - April 20, 2018

Desktop virtualization is a virtualization technology, which is used to separate a computer desktop environment from physical computers by storing desktop in remote location server. Server virtualization…

Digitally Delivered Services Market  to See Incredible Growth By 2025
Information Technology and Gadgets
Information Technology and Gadgets

Digitally Delivered Services Market to See Incredible Growth By 2025

Alex Mathew - April 20, 2018

Digitally delivered services is an electronic way of delivering information, which includes data and content delivery across various platforms or devices such as web or mobile. These…

Most from this category