Cloud encryption technology market : Global Market Size and Forecast 2019-2025

Posted by pranshu@95 on August 21st, 2019

Cloud encryption technology market is expected to grow considerably as cloud encryption technology provides a variety of services such as operating system, network hardware, storage, resources, and software to optimize productivity and ease business operations. As every organization is moving its data to the cloud, there is a significant demand for storage services provided by the cloud provider. Security and trust issues are among the key concerns since the user’s data are released to the cloud. So, there is a need to protect that data against unauthorized access, modification or denial of services and so forth.

Encryption is a well-known technique for maintaining the privacy of sensitive information, however, it limits the functionality. The increased demand for enhanced security and inherent limits of traditional encryption schemes for the data on the cloud has surged the implementation of several new encryption algorithms such as searchable, order-preserving, and holomorphic schemes.

A full report of Cloud encryption technology market  is available at: https://www.omrglobal.com/industry-reports/cloud-encryption-technology-market

Moreover, data privacy is crucial on shared resources or over the internet and encryption generally plays a significant role in protecting data. The security issues are numerous in cloud computing and on the web in general, and various cryptography algorithms have been designed to protect the data at cloud and at the applications level on desktops. Cryptography mainly refers to a different science in which ciphers are designed which includes stream ciphers and block ciphers, as well as the hash functions. Encryption is a technique in which the ordinary text is converted into some secret text for the protection and integrity of the text.

Furthermore, the cloud service models include Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), and Infrastructure-as-a-Service (IaaS). The SaaS cloud service model offers services to the customers as an application using a standardized interface. The service is invisible for the customers as it runs at the top of the application. The PaaS cloud service model provides the services as development and operation platform to the customers, allowing the consumer to use its own application maintained by the cloud-based infrastructure. Additionally, the IaaS cloud service model is the lowest service model in the technological stack, offering infrastructure resources as a service such as processing power, raw data storage, and network capacity.

Factors such as an increase in cloud adoption and virtualization, risks related to cloud environments due to big data analytics and regulations are expected to increase the adoption of cloud encryption solutions, that will boost the demand for global cloud encryption technology market. Developments in cloud technology in nations such as the US, UK, and China, will further boost the demand for global cloud encryption technology market. Key companies involved in the global cloud encryption technology market include McAfee, LLC, Sophos Ltd., Secomba GmbH, Symantec Corporation, Thales eSecurity, Inc., Trend Micro, Inc., Vaultive, Inc.

Current Market Trends Covered in the Market Report:

  • The growing adoption of cloud-based multifactor authentication
  • Expansion in the cloud reception and virtualization and stringent controls to build the appropriation of cloud encryption arrangements
  • Rising complexities of IT frameworks and capacity to send new applications
  • The growing adoption of biometric encryption

The Report Global Cloud Encryption Technology Market Segmentation

by Type

  • Solution
  • Service

by Service Models

  • Software-as-a-Service
  • Infrastructure-as-a-Service
  • Platform as-a-Service

by End-User

  • Healthcare
  • Banking, Financial Services, and Insurance
  • Telecom and IT
  • Government and Public Utilities
  • Retail
  • Aerospace and Defense
  • Others

The Report Global Cloud Encryption Technology Market – Segment by Region

North America           

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific   

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Middle East & Africa
  • Latin America

 The key objectives of the Cloud encryption technology market  study:

  • To analyze the Cloud encryption technology market  by segments with historical data of 2017 and 2018 and forecast to 2025.
  • To study the key factors influencing the growth of the market.
  • Focuses on the key leaders to define and analyze the sales volume, value, share, competitive landscapes, SWOT analysis, and development plans.
  • To analyze the Cloud encryption technology market  growth, global trends, future prospectus and contribution to the market.

About Orion Market Research

Orion Market Research (OMR) is an Indian research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company provides quality syndicated research reports, customized research reports, company profiling, consulting and other research-based services.

Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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pranshu@95
Joined: June 17th, 2019
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