Global cloud encryption market is expected to grow at a substantial CAGR during the forecast period. High cloud adoption and virtualization is one of the key factors due to which the market is anticipated to rev up during the forecast years. Moreover, increased instances of data breaches are contributing to high demand for cloud encryption which is positively impacting the growth of market during the forecast period. Furthermore, existence of norms and regulations for the increased adoption of cloud encryption solutions is expected to bolster the growth of market over the next few years.
The global cloud encryption market is segmented based on
In terms of end use, the market is fragmented into IT & telecommunication, BFSI, health care, entertainment & media, retail, education others. Among them, IT & telecommunication segment is estimated to dominate the market in the next five years which is accredited to the use of cloud encryption technology in providing real-time access in case of emergency and to improve the proficiency of clinical and IT staff.
The major players operating in the cloud encryption market are Ciphercloud Inc., Gemalto NV, Hytrust Inc., IBM Corp., Netskope Inc., Secomba GmbH., Skyhigh Networks, Inc., Sophos Group plc., Symantec Software Solutions Pvt Ltd, Thales E-Security, Inc. and others. The key market players are adopting some several competitive strategies such as mergers & acquisitions, collaborations, partnership, agreements in order to expand their geographic reach and to increase their customer basis.
Objective of the Study
- To analyze and estimate the market size of global cloud encryption market from 2017 to 2020.
- To estimate and forecast the market size of global cloud encryption market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global cloud encryption market based on component, service model, organization size, end use, company and regional distribution.
- To identify dominant region or segment in the global cloud encryption market.
- To identify drivers and challenges for global cloud encryption market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global cloud encryption market.
- To conduct pricing analysis for global cloud encryption market.
- To identify and analyze the profile of leading players operating in global cloud encryption market.
- To identify key sustainable strategies adopted by market players in global cloud encryption market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of service providers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the providers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service providers and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Cloud encryption service provider
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to cloud encryption
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Component · Service Model · Organization Size · End Use |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
| Key Companies Profiled | Ciphercloud Inc., Gemalto NV, Hytrust Inc., IBM Corp., Netskope Inc., Secomba GmbH., Skyhigh Networks, Inc., Sophos Group plc., Symantec Software Solutions Pvt Ltd, Thales E-Security, Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
