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The cloud encryption software market is forecasted to grow byUSD 25.39 billion during 2023-2028, accelerating at a CAGR of 60.8% during the forecast period. The report on the cloud encryption software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing use of in-built cloud encryption solutions, growing data privacy and security concerns, and data security due to strict regulatory compliance.
The cloud encryption software market is segmented as below:
By End-user
- BFSI
- Manufacturing
- Professional services
- Healthcare
- Others
By Type
- Large enterprise
- SME
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing adoption of BYOD as one of the prime reasons driving the cloud encryption software market growth during the next few years. Also, growing adoption of biometric encryption and increasing adoption of cloud platforms by SMEs will lead to sizable demand in the market.
The report on the cloud encryption software market covers the following areas:
- Cloud encryption software market sizing
- Cloud encryption software market forecast
- Cloud encryption software market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud encryption software market vendors that include Alphabet Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., F Secure Corp., Forcepoint LLC, Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Intuit Inc., Lookout Inc., McAfee LLC, Microsoft Corp., Netskope Inc., Proofpoint Inc., Secomba GmbH, Sophos Ltd., Thales Group, and Trend Micro Inc. Also, the cloud encryption software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the global cloud encryption software market: Alphabet Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., F Secure Corp., Forcepoint LLC, Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Intuit Inc., Lookout Inc., McAfee LLC, Microsoft Corp., Netskope Inc., Proofpoint Inc., Secomba GmbH, Sophos Ltd., Thales Group, and Trend Micro Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing adoption of byod."
According to the report, one of the major drivers for this market is the increasing use of in-built cloud encryption solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alphabet Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Dell Technologies Inc.
- F Secure Corp.
- Forcepoint LLC
- Hewlett Packard Enterprise Co.
- Hitachi Ltd.
- Intel Corp.
- International Business Machines Corp.
- Intuit Inc.
- Lookout Inc.
- McAfee LLC
- Microsoft Corp.
- Netskope Inc.
- Proofpoint Inc.
- Secomba GmbH
- Sophos Ltd.
- Thales Group
- Trend Micro Inc.
