Cloud Encryption Market
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9/1/2017 <strong>Cloud</strong> <strong>Encryption</strong> <strong>Market</strong> Worth 2,401.9 Million USD by 2022 /PR Newswire India/<br />
PUNE, India, August 23, 2017 /PRNewswire/ --<br />
According to a new market research report "<strong>Cloud</strong> <strong>Encryption</strong> <strong>Market</strong> by<br />
Component (Solution and Service), Service Model (Infrastructure-as-a-<br />
Service, Software-as-a-Service, and Platform-as-a-Service), Organization Size,<br />
Vertical, and Region - Global Forecast to 2022", published by<br />
<strong>Market</strong>sand<strong>Market</strong>s, the market size is expected to grow from USD 645.4 Million in 2017 to USD<br />
2,401.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.1%.<br />
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )<br />
Browse 64 <strong>Market</strong> Data Tables and 45 Figures spread through 184 Pages and in-depth TOC on "<strong>Cloud</strong><br />
<strong>Encryption</strong> <strong>Market</strong>"<br />
http://www.marketsandmarkets.com/<strong>Market</strong>-Reports/cloud-encryption-market-158713019.html<br />
Early buyers will receive 10% customization on this report<br />
The demand for cloud encryption is majorly driven by stringent government regulations and the need to<br />
protect mission critical data residing on the cloud. With the rising demand for cloud and virtualization<br />
across different industry verticals, the adoption rate of cloud encryption among enterprises is expected<br />
to gain a major traction during the forecast period.<br />
The Infrastructure-as-a-Service (IaaS) model is expected to hold the largest market share<br />
The IaaS segment includes the offerings such as servers, storages, and networking infrastructure onpremises<br />
private cloud. This infrastructure is used to run the applications on the public cloud. It enables<br />
the organizations to reduce the total cost of ownership as the infrastructure is being provided by thirdparty<br />
vendors in the form of cloud-based data centers. However, virtualization introduces new security<br />
challenges. Thus, enterprises are adopting cloud encryption solution and services to run businesscritical<br />
functions securely.<br />
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The telecom and IT vertical is expected to grow at the fastest rate<br />
The telecom and IT vertical involves high usage of cloud-based applications for their business<br />
operations and is thus frequently attacked by cybercriminals. Companies in this sector are adopting<br />
cloud encryption solutions so as to provide their customers risk-free services. The usage of cloud<br />
encryption has allowed users to save the important information on their mobile devices and use that<br />
information through the cloud without any risk. Therefore, cloud encryption solutions are helping telecom<br />
and IT companies in enhancing their services and providing secure information to customers while<br />
complying with regulations.<br />
North America is expected to contribute to the largest market share; Asia Pacific to grow the<br />
fastest during the forecast period<br />
North America is expected to have the largest market share and dominate the <strong>Cloud</strong> <strong>Encryption</strong><br />
<strong>Market</strong> from 2017 to 2022, owing to the early adoption of new and emerging technologies and the<br />
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9/1/2017 <strong>Cloud</strong> <strong>Encryption</strong> <strong>Market</strong> Worth 2,401.9 Million USD by 2022 /PR Newswire India/<br />
presence of a large number of players in this region. APAC offers extensive growth avenues in the <strong>Cloud</strong><br />
<strong>Encryption</strong> <strong>Market</strong>, owing to a widespread presence of SMEs that are extensively adopting cloud<br />
technology.<br />
The major vendors providing cloud encryption solutions and services are Thales e-Security (La Defense,<br />
France), Gemalto N.V. (Amsterdam, Netherlands), Sophos Group plc (Abingdon, UK), Symantec<br />
Corporation (California, US), Skyhigh Networks (California, US), Netskope Inc. (California, US),<br />
Cipher<strong>Cloud</strong> (California, US), HyTrust, Inc. (California, US), Trend Micro Incorporated (Tokyo, Japan),<br />
Vaultive, Inc. (Massachusetts, US), and TWD Industries AG (Unteriberg, Switzerland).<br />
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id=158713019<br />
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Type, Vertical, and Region - Global Forecast to 2022<br />
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