Cloud Encryption Market 2019
Cloud encryption is considered as one of the most effective strategies to achieve data security, scrambling the content of any database, system, file, or digital document in such a manner that it becomes impossible to decipher without a decryption key/authentication codes. The main advantage of cloud encryption procedure is the same as in any application of data encryption. In this method, the encrypted data is only accessible and readable by authorized users that have access rights and decryption keys. Encrypting data using cloud encryption method ensures that even if the important data falls into the wrong hands, it is useless for them as long as its decryption keys and access rights remain secure.
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Listed key Players
• Thales e-Security (France)
• Gemalto N.V. (Netherlands)
• Sophos Group Plc (U.K.)
• Symantec Corporation (U.S.)
• Skyhigh Networks (U.S.)
• Netskope Inc. (U.S.)
• CipherCloud (U.S.)
• HyTrust, Inc. (U.S.)
• Trend Micro Incorporated (Japan)
• Vaultive, Inc. (U.S.)
Modern cloud storage providers offer cloud encryption services that can help organizations to encrypt critical data before it is transported to the cloud for storage purpose. Basic cloud encryption applications can range from advanced encrypted connections to limited encryption of sensitive data, including account credentials to end-to-end encryption of any structured, unstructured, or semi-structured data that is uploaded to the cloud for storage and processing purpose. In cloud encryption models, cloud storage, solution, and service providers encrypt business-critical data upon receipt, passing encryption keys or access information to the legal clients so that data can be accessed, safely decrypted, and processed whenever required.
Cloud encryption is particularly beneficial when the organization’s data is being stored in the cloud. Cloud encryption protects data contents during the events when a cloud solution provider, system, or an account has been compromised. Cloud encryption is also significant for industries that expect to meet industry standard and regulatory compliance requirements. Cloud encryption, when combined with additional security measures, facilitates businesses to meet the rigid compliance requirements. The market report published on the global Cloud Encryption market focuses on the past and present market trends, market drivers, restraints, challenges, opportunities, and market driving forces that can affect the growth of the market. The report also highlights the market segmentation and competitive landscape of the global Cloud encryption market.
When choosing cloud storage & service provider, organizations must first map out their security requirements for cloud solution deployment and any business-critical data that will be moved to the cloud for storage and processing purposes. Organizations must try to identify what data should be encrypted and must then choose a cloud solution provider, who is offering adequate encryption solutions that are suitable to the organization’s requirement. The global cloud encryption market is expected to account for US$2,959 million by the end of the year 2023, developing at a CAGR of about 29% during the forecast period 2017 – 2023. To better analyse the market growth, the global cloud encryption market has been segmented into some critical market segments. Solutions and Services are the two major components of cloud encryption that are covered in the market report.
Based on services, the global cloud encryption market has been segmented into-
Based on the model of cloud deployment, the global cloud encryption market has been segmented into-
North America, Europe, and the Asia Pacific are the prominent markets driving the demand for cloud encryption services. All the essential information related to the above-mentioned regional markets, such as regional service demand, regional vendors, regional market opportunities, challenges, regional market dynamics, trends, growth prospects, regional market revenue, share, and the growth rate has been mentioned in the market report. The report also includes detailed information on the company’s outlook, business development policies, revenue, and market share of some emerging and well-established product vendors and cloud solution & service providers operating in the regional and global cloud encryption market. The report also includes detailed information on the potential regional market and investment recommendations to help the new market entrants to set-up their business and sustain in the competitive market.
The leading VPN service provider, NordVPN has recently announced the launch and commercial release of its latest cloud-based cybersecurity product, called NordLocker. The advanced digital tool is developed with the prime motive to secure different types of files and data stored on a physical computer system or in the cloud with its efficient end-to-end data encryption features. The sole mission of the company is to integrate the best usability practices with optimum-level encryption standards.
Table of Contents – Major Key Points
1 Market Introduction
2 Research Methodology
3 Market Dynamics
4 Executive Summary
5. Market Factor Analysis
6 Cloud Encryption Market, By Segments
7 Competitive Analysis
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