Cloud Encryption Market Share

Statistics for the 2023 & 2024 Cloud Encryption market share, created by Mordor Intelligence™ Industry Reports. Cloud Encryption share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Cloud Encryption Industry

The Cloud Encryption Market is highly fragmented, with the presence of major players like IBM Corporation, Trend Micro Inc., Dell Technologies Inc., Broadcom Inc. (Symantec Corporation), and Google LLC. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In October 2022, Vaultree announced the availability of its Data-in-Use Encryption for Google's AlloyDB, which is available for a preview trial. The service, a launch partner for Google's AlloyDB, combines the global functioning Encryption-in-Use solution powered by Vaultree with Google's AlloyDB for PostgreSQL. Users may now test Vaultree's homomorphic and searchable cloud encryption technology homomorphic and searchable encryption technology on the cloud, indicating an advancement in encryption standards that will allow next-generation encryption and data security.

In June 2022, Cisco launched a new Talos Intel On-Demand service, which provides tailored research on the threat landscape specific to each organization. Cisco introduced Cisco Secure Cloud Analytics changes to assist incident detection and response, including instantly elevating alarms into SecureX and mapping those warnings to MITRE ATT&CK. This came on the heels of the public release of SecureX device insights to collect, correlate, and normalize data about the devices in their environment and the Kenna and Secure Endpoint integrations to prioritize vulnerabilities better. Cisco also announced the Secure Firewall 3100 Series, intended for hybrid usage, and features a new encrypted visibility engine that detects hidden threats using artificial intelligence and machine learning.

Cloud Encryption Market Leaders

  1. IBM Corporation

  2. Trend Micro Inc.

  3. Dell Technologies Inc.

  4. Broadcom Inc. (Symantec Corporation)

  5. Cisco Systems Inc.

*Disclaimer: Major Players sorted in no particular order

Cloud Encryption Market Concentration

Cloud Encryption Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)