Market Research Report
Global Cloud Encryption Technology Market Research and Forecast, 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||793711|
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|Global Cloud Encryption Technology Market Research and Forecast, 2019-2025|
|Published: February 4, 2019||Content info:||
Cloud Encryption Technology Market Size, Share & Trends Analysis Report by Type (Solution and Service) By Service Models (Software-as-a-service, Infrastructure-as-a-service, and Platform-as-a-service), By End-User (Healthcare, BFSI, Telecom &IT, Government & Public Utilities, Retail, Aerospace & Defence and Others) And Forecast, 2019 - 2025
As the demand for data security increases across the globe, cloud encryption technology is expected to gain significant traction over the forecast period. As the key players in the market aim at introducing a various type of encryption technologies across the globe, it is inviting a wide range of consumers, thereby creating opportunities for the growth of the market in the near future. The cloud security alliance recommends that the sensitive data should be encrypted for data privacy with approved algorithms and keys. And should be encrypted in rest and in transit, should be encrypted before it passes from enterprise to cloud server, the staff. Also, the cloud service provider should not have access to the decryption keys. Owing to a plethora of cybersecurity attacks on commercial sites and various other end-use industries, the demand for such software is expected to increase significantly in the coming years.
As the risk associated with cloud environments have increased, this is expected to significantly increase the demand of the cloud encryption technology across the globe. Furthermore, the stringent government regulations regarding the data security and privacy are also expected to ramp up the demand of services in the near future. However, the cost associated with this technology is on a higher side as compared to that of the other alternatives, this can somehow derail the growth of the market in the near future.
The report covers analysis of cloud encryption technology market in North America, Europe, Asia-Pacific and Rest of World. North America is expected to dominate the market over the forecast period owing to the presence of numerous key players in the region coupled with stringent government regulations across the region. Furthermore, Europe is expected to follow North America in terms of share occupied owing to increased adoption of advanced technology such as cloud technology. Numerous key players engage in providing products in cloud encryption technology market such as ADVA Optical Networking SE, Egress Software Technologies Ltd., Bitglass, Inc., Virtru Corporation, Netskope, Inc., Thales eSecurity, Inc. and so on.
The market study of the global cloud encryption technology market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for IT companies, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Global cloud encryption technology market is segmented on the basis of regional outlook and following segments: