Verifiedmarketresearch has published a report entitled Global Cloud Encryption Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
The Global Cloud Encryption Market was valued at USD 535.65 million in 2016 and is projected to reach USD 5904.35 million by 2025, growing at a CAGR of 30.56% from 2017 to 2025.
The major manufacturers covered in this report- IBM Corporation, Parablu, Secomba, Twd Industries AG, Skyhigh Networks, Ciphercloud, Sophos, Gemalto, Symantec Corporation, Hytrust, Thales E-Security, Netskope, Trend Micro, Vaultive
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What is Cloud Encryption?
Cloud encryption is a service that is provided by cloud service system providers in which text or data is converted using specific encryption algorithms and then placed on the cloud. This application of the cloud ensures that only the authorized users will have access to the data that is present in the cloud, which can include sensitive data. There are several advantages of using a service such as a cloud encryption such as it meets the regulatory compliance requirements, it is beneficial for data protection and it only allows information access to the authorized users.
The increasing need for cloud-based encryption solutions in small and medium businesses has led to a rise in cloud adoption and virtualization. These factors are driving the market for cloud encryption. The poor knowledge about technology both with individuals as well as within companies as well as the lack of technical expertise coupled with the complexities that are related to the management of encryption keys and the costly infrastructure are factors that are restraining the cloud encryption market size from growing.
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Market Segment by Regions, regional analysis covers 2019-2026:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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What are the Cloud Encryption market factors that are explained in the report
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: The Global Cloud Encryption Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Verified Market Research provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Verified Market Research provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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