Research beam recently published a report titled, “Global Cloud Encryption Market”. According to the report, global cloud encryption market is expected to register a remarkable CAGR of 32% in the period 2018-2022. The report offers an in-depth analysis of the market size, trends, opportunities, and challenges based on closely monitoring the current market trends and future market potential. The report analyzes the major factors that affect the global cloud encryption market such as drivers and restraints. Furthermore, it offers an analysis of the market scope, revenue comparison of the active key market players in the global cloud encryption market. The report is a vital source of information to the market players, investors, and entry-level organizations.
The growth of the global cloud encryption market is governed by the increasing adoption of cloud-based solutions among the IT companies. The growing need of security capabilities provided by encryption has boosted the growth of the global cloud encryption market. IT shadow is increased in the recent years along with the rapid digitization, which drives the global cloud encryption market. In order to speed up processes, several market companies tend to bypass the security measures, which opens the back door to software vulnerability. This may lead to permanent damage to the system or cost huge amount of money. Therefore, companies are opting for cloud encryption. Moreover, the surge in adoption of innovative data storage technology by small and medium enterprises in the developing countries and increasing inclination toward software as a service (SaaS) distribution model has increased the growth of global cloud encryption market. However, rise in the bring-your-own-device (BYOD) policies are the biggest challenge in front of the global cloud encryption market. On the other hand, growing adoption of biometric encryption is expected to boost the global cloud encryption market.
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The global cloud encryption market report is segmented and sub-segmented based on service model, industry vertical, and geography. On the basis of service model, the report is divided into IaaS, PaaS, and SaaS. Moreover, by industry vertical, the report is bifurcated in BFSI, Government and Utilities, Retail, Healthcare, Telecom and IT, and Aerospace and Defense. A detailed analysis of the revenue generated by each industry vertical is provided in the report with the help of tabular representation. The global cloud encryption market report is divide into three main regions such as U.S., APAC, and EMEA. An accurate comparison of the region-wise revenue generation is provided in the global cloud encryption market report.
The study provides a comprehensive study of the market players, including Gemalto, Sophos, and Symantec.
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