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The Cloud Encryption Software Market is segmented by Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises), Service (Professional Services, Managed Services), Industry Vertical (BFSI, Healthcare, Retail), and Geography.
Study Period:
2019-2025
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
40 %
The Cloud Encryption Software Market was valued at USD 8.16 billion in 2019 and is expected to reach USD 64.82 billion by 2025, at a CAGR of 40% over the forecast period 2020 - 2025. With the rapid increase of cloud adoption and virtualization, and with the stringent regulations helping to increase the adoption of cloud encryption solutions are some of the factors that are boosting the market growth across the globe.
Cloud encryption is a service offered by cloud security firms that use different algorithms to transform data or text into an encrypted code, known as ciphertext. The encrypted code is then passed on to the cloud. The data is kept safe because the cloud data encryption code can only be translated with a data encryption key, which never leaves the enterprise.
By Organization Size | |
SMEs | |
Large Enterprises |
By Service | |
Professional Services | |
Managed Services |
By Industry Vertical | |
IT & Telecommunication | |
BFSI | |
Healthcare | |
Entertainment and Media | |
Retail | |
Education | |
Other Industry Verticals |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
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The cloud encryption software market is highly competitive owing to the presence of many small and large players in the domestic as well as in the international market. The market appears to be mildly concentrated and the key strategies adopted by the major players are product innovation and mergers and acquisition. Some of the major players in the market are Google LLC, Symantec Corporation, Hewlett Packard Enterprise, Trend Micro Inc. among others.Â
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Regulatory Standards Related to Data Transfer and its Security
4.3.2 Growing Volume of Strength of Cyber Attacks and Mobile Theft
4.4 Market Restraints
4.4.1 Rise in Organizational Overhead Expenses
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Organization Size
5.1.1 SMEs
5.1.2 Large Enterprises
5.2 By Service
5.2.1 Professional Services
5.2.2 Managed Services
5.3 By Industry Vertical
5.3.1 IT & Telecommunication
5.3.2 BFSI
5.3.3 Healthcare
5.3.4 Entertainment and Media
5.3.5 Retail
5.3.6 Education
5.3.7 Other Industry Verticals
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Trend Micro
6.1.2 Ciphercloud
6.1.3 Symantec Corporation
6.1.4 Hewlett Packard Enterprise
6.1.5 Google LLC
6.1.6 Sophos
6.1.7 Voltage Security Inc.
6.1.8 CyberArk
6.1.9 Safenet
6.1.10 Hitachi Vantara
6.1.11 Boxcryptor
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability