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

Scientists Developed Novel 3D Printed Artificial Cornea Using Stem Cells
Information Technology and Gadgets
Information Technology and Gadgets

Scientists Developed Novel 3D Printed Artificial Cornea Using Stem Cells

Mohit Joshi - September 24, 2018

Scientists from Newcastle University developed a bio-ink to 3D print human corneas, which can aid in resorting eyesight of visually impaired patients Cornea is the outermost protective…

Pharmaceutical BlendersMarket 2018 Industry Share, Size, Growth and Top Players Analysis ( GEA Process Engineering Ltd, SERVOLIFT GmbH ) Forecast 2026
Healthcare
Healthcare

Pharmaceutical BlendersMarket 2018 Industry Share, Size, Growth and Top Players Analysis ( GEA Process Engineering Ltd, SERVOLIFT GmbH ) Forecast 2026

Mohit Joshi - September 24, 2018

According to a new market research study titled Pharmaceutical Blenders Market to 2026 – Global Analysis and Forecasts by Material Composition, Industries and End Products”, The report…

Operating TableMarket 2018-2026 Global Analysis by Business Growth, Insights, Demand by Top Key Plyaers are Hill-Rome Holdings, Inc., AGA Sanittsartikel GmbH, ALVO Medical sp. z o.o., Infimed, Inc
Healthcare
Healthcare

Operating TableMarket 2018-2026 Global Analysis by Business Growth, Insights, Demand by Top Key Plyaers are Hill-Rome Holdings, Inc., AGA Sanittsartikel GmbH, ALVO Medical sp. z o.o., Infimed, Inc

Alex Mathew - September 24, 2018

According to a new market research study titled Operating Table Market to 2026 – Global Analysis and Forecasts by Material Composition, Industries and End Products”, The report…

Most from this category