Cloud Encryption Market 2017 - Global Forecast to 2022: Market to Grow at a CAGR of 30.1%

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08 Sep, 2017, 11:45 GMT

DUBLIN, September 8, 2017 /PRNewswire/ --

The "Cloud Encryption Market by Component (Solution and Service), Service Model (Infrastructure-as-a-Service, Software-as-a-Service, and Platform-as-a-Service), Organization Size, Vertical, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The cloud encryption market is expected to grow from USD 645.4 Million in 2017 to USD 2,401.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 30.1%

The demand for cloud encryption is driven by various factors, such as proliferation in the adoption of cloud technology, and stringent government regulations and compliances that mandate the adoption of cloud encryption among various verticals.

Adoption of cloud encryption is increasing in the market, owing to the increasing adoption of cloud technology among enterprises and the need to adhere to various compliances put forth by the government for the protection of mission-critical organizational data residing on the cloud. However, the major hindrance faced by enterprises while adopting cloud encryption is the lack of budget and misbelief of performance issues.

Market Dynamics

Drivers

  • Proliferation in Cloud Adoption And Virtualization
  • Risks Related to Cloud Environments, Due to Big Data Analytics
  • Regulations to Increase the Adoption of Cloud Encryption Solutions 

Restraints

  • Lack of Budget for the Adoption of the Best-In-Class Cloud Encryption Solutions
  • Lack of Awareness About Cloud Encryption And Performance Concerns Among Enterprise

Opportunities

  • Proliferation in the Demand for Integrated, Cloud-Based Encryption Solutions in Smes
  • Increase in the Demand for Cloud-Based Services in the Healthcare Vertical

Challenges

  • Complexities in the Management of Encryption Keys
  • Lack of Technical Expertise Among Enterprise Workforce

Cloud Encryption Scalability for Iaas, Saas, And Paas Cloud Services

Cloud Encryption for Public, Private, And Hybrid Clouds

Regulatory Implications

  • Payment Card Industry Data Security Standard
  • Health Insurance Portability And Accountability Act
  • Federal Information Security Management Act
  • Sarbanes-Oxley Act
  • Gramm-Leach-Bliley Act
  • Federal Information Processing Standards
  • General Data Protection Regulation

Innovation Spotlight

Use Cases

  • Large-Scale Adoption of Cloud Encryption By Defense Companies
  • Commercial-Grade Security With the Help of Encryption for Major Banks in Asia Pacific
  • Encryption Practice Adopted By a Major Asia Pacific Stock Exchange
  • Enterprises' Dependence On Cloud Email Encryption And Data Loss Prevention Solutions
  • Healthcare Vertical Relying On Cloud-Based Encryption Solutions

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Cloud Encryption Market Analysis, By Component

7 Cloud Encryption Market Analysis, By Service Model

8 Cloud Encryption Market Analysis, By Organization Size

9 Cloud Encryption Market Analysis, By Vertical

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

  • Ciphercloud
  • Gemalto N.V.
  • Hytrust, Inc.
  • International Business Machines Corporation
  • Netskope, Inc.
  • Secomba Gmbh
  • Skyhigh Networks
  • Sophos Group Plc
  • Symantec Corporation
  • Thales E-Security
  • Trend Micro Incorporated
  • TWD Industries Ag
  • Vaultive, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/nn6d6t/cloud_encryption

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