Cloud Encryption Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00125418
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:9.42
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 9.42
Information & Technology-companies
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Report Overview

The Cloud Encryption Market is poised for substantial growth, with a projected CAGR of 15.37% between 2022 and 2032. The market size is expected to expand by USD 8,946.12 million during this period. The growth of the market is attributed to the increasing adoption of cloud services, rising concerns about data security and privacy, and the need to comply with stringent data protection regulations.

Market Overview:

Drivers:

The migration of data and applications to cloud platforms has driven the demand for cloud encryption solutions. Cloud encryption ensures that data stored and transmitted in the cloud remains confidential and protected from unauthorized access. As data breaches continue to make headlines, organizations are prioritizing data security to safeguard sensitive information.

Moreover, regulations such as the European Union's General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA) in the U.S. mandate the protection of personal and sensitive data. Cloud encryption solutions aid compliance efforts by encrypting data both at rest and in transit.

Trends:

The trend of Bring Your Own Key (BYOK) and Hold Your Own Key (HYOK) encryption models is gaining traction. These models allow organizations to retain control over encryption keys even when data is stored in the cloud. This approach enhances data security and addresses concerns about cloud service providers accessing customers' sensitive information.

Additionally, the integration of encryption solutions with other cloud security tools, such as access control and identity management, is on the rise. This integration provides a comprehensive security framework and simplifies the management of cloud security policies.

Restraints:

Complexity in key management and the potential impact on performance are key challenges in the Cloud Encryption Market. Encryption keys need to be managed effectively to prevent data loss. Poor key management can result in data becoming inaccessible, even to authorized users.

Furthermore, encrypting data can lead to additional processing overhead and may impact the performance of cloud applications, especially those that require real-time data processing.

Cloud Encryption Market Segmentation by Application:

The data-at-rest encryption segment is anticipated to witness significant growth during the forecast period. Data-at-rest encryption involves encrypting data when it is stored in cloud databases, ensuring that even if the data is compromised, it remains unreadable without the appropriate decryption key.

Cloud Encryption Market Segmentation by Type:

The file-level encryption segment is expected to experience strong growth in the Cloud Encryption Market. File-level encryption involves encrypting individual files, making them inaccessible without the correct decryption key. This approach provides granular control over data protection.

Regional Overview:


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North America is expected to dominate the global Cloud Encryption Market due to its early adoption of cloud services and a large number of cloud service providers. The region's focus on data privacy and security regulations further drives the demand for cloud encryption solutions.

Moreover, Europe is projected to experience substantial growth as organizations in the region navigate complex data protection regulations and prioritize the secure handling of data.

Cloud Encryption Market Customer Landscape:

The report includes insights into the customer landscape, highlighting industries and sectors that extensively use cloud encryption solutions. It outlines customer requirements, such as secure data storage, compliance, and protection against data breaches.

Major Cloud Encryption Market Companies:

Companies in the Cloud Encryption Market are employing strategies such as partnerships, acquisitions, and continuous product innovation to strengthen their market position.

Sample companies in the Cloud Encryption Market include:

  • Microsoft Corporation
  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corporation
  • Symantec Corporation (now NortonLifeLock Inc.)
  • Thales Group
  • Sophos Group plc
  • Trend Micro Incorporated
  • McAfee LLC
  • Vormetric (a Thales company)

Segment Overview:

The Cloud Encryption Market report provides revenue forecasts at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032)
    • Data-at-Rest Encryption
    • Data-in-Transit Encryption
  • Type Outlook (USD Million, 2019 - 2032)
    • File-Level Encryption
    • Database Encryption
    • Cloud Application Encryption
    • Others
  • Geography Outlook (USD Million, 2019 - 2032)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • Japan
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • UAE
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Cloud Encryption MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Cloud Encryption MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Cloud Encryption Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Cloud Encryption MARKET BY End user landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Retail

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Government

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Energy and Power

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Cloud Encryption MARKET BY Size of enterprise INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Large Enterprise

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Small and Medium-size Enterprises

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Cloud Encryption MARKET REGIONAL OUTLOOK

7.1. Cloud Encryption Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Cloud Encryption Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Cloud Encryption Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Cloud Encryption Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Cloud Encryption Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Cloud Encryption Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 IBM Corporation

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Trend Micro

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Dell Technologies

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Broadcom Inc. (Symantec Corporation)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Cisco Systems

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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