Market Share of Cloud Encryption Software Industry
The cloud encryption software market is moderately competitive due to many small and large players in the domestic and international markets. The market appears to be mildly Consolidated, and the key strategies adopted by the major players are product innovation and mergers and acquisitions. Some of the major players in the market are Google LLC, Symantec Corporation, Hewlett Packard Enterprise, and Trend Micro Inc., among others.
In December 2022, Apple launched Advanced Data Protection, an end-to-end encryption system, iCloud. This would keep most of the iCloud account’s data secure even when Apple is hacked and would prevent Apple from accessing iCloud phone backups in response to law enforcement requests.
In October 2022, Valuetree announced the release of its data-in-use encryption for Google's AlloyDB. The offering pairs the world's first fully functional encryption-in-use solution powered by Vaultree with Google's AlloyDB for PostgreSQL.
Cloud Encryption Software Market Leaders
Google LLC
Symantec Corporation
Hewlett Packard Enterprise
Trend Micro Inc.
Hitachi Vantara
*Disclaimer: Major Players sorted in no particular order
