Cloud Encryption Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Cloud encryption is the transformation of cloud data into a ciphertext to provide security to the information which transfers information from one cloud to another cloud services. This is more effective to the applications such as data security, files, and another context to have secure data transfer.
Global Cloud Encryption Market Segments Size & Growth:
Global Cloud Encryption Market is accounted for $ 0.64 billion in 2017 and expected to grow at a CAGR of 30.3% to reach $2.58 billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in adoption of cloud services. However, lack of awareness about cloud encryption hinders the growth of the global cloud encryption market.
Global Cloud Encryption Market Segments Share:
Global Cloud Encryption market is categorised into by component which consists solutions and services. Services in global cloud encryption are expected to grow at a quick pace due to the upgradation of security services and increase
Cloud Encryption Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
in cyber threats. By service model, it is classified by infrastructure-as-a-service, software-as-a-service, and platform-as-a-service. Infrastructure-as-a-service is the leading market owing to the service it provides such as storage, serves, and on-premises private cloud services. Small & medium size enterprise is projected to have the highest growth rate among another organization size due to the adoption of cloud-based
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Cloud Encryption Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
services and BYOD. By end-user, it is segmented as BFSI, telecom &IT, aerospace; defense, retail, healthcare, manufacturing, the federal government, transport/ logistics, and some others. BFSI is projected to have a significant growth because to deliver fast services and reduce the delivering cost. By Geography, North America is dominating the growth of the global cloud encryption market and the growth in North America is mainly attributed to increase the cloud security services as well as transmit. Furthermore, Asia-Pacific is witnessing the fastest growth during the forecast period, due to increase in
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