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Cloud Encryption Market Worth 2,401.9 Million USD by 2022 - Latest Report

PressReleasePing - August 31, 2017 -According to a new market research report “ 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″, published by MarketsandMarkets™, the market size 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%. Browse 64 Market Data Tables and 45 Figures spread through 184 Pages and in-depth TOC on“Cloud Encryption Market” Early buyers will receive 10% customization on this report Proliferation in the cloud adoption and virtualization, and stringent regulations to increase the adoption of cloud encryption solutions are some of the factors fueling the growth of the market across the globe. The base year considered for this study is 2016, and the forecast period is 2017–2022. The Infrastructure-as-a-Service (IaaS) segment is estimated to hold the largest market share in 2017 among other service models. IaaS includes the offerings, such as servers, storages, and networking infrastructure on-premises private cloud. This infrastructure is used to run the applications on the public cloud. Thus IaaS providers are increasingly adopting cloud encryption solutions and services to securely run business-critical functions. Cloud encryption solutions and services have been deployed across various verticals, including Banking, Financial Services, and Insurance (BFSI); aerospace and defense; government and public utilities; healthcare; telecom and IT; retail; and others manufacturing, education, and media and entertainment). The telecom and IT vertical is expected to grow at the highest CAGR during the forecast period. However, the BFSI vertical is estimated to have the largest market size in 2017. Download PDF Brochure@ North America is expected to contribute to the largest market share; Asia Pacific to grow the fastest during the forecast period North America is expected to have the largest market share and dominate the Cloud Encryption Market from 2017 to 2022, owing to the early adoption of new and emerging technologies and the presence of a large number of players in this region. APAC offers extensive growth avenues in the Cloud Encryption Market, owing to a widespread presence of SMEs that are extensively adopting cloud technology. Major vendors providing cloud encryption Thales e-Security (La Defense, France), Gemalto N.V. (Amsterdam, Netherlands), Sophos Group plc (Abingdon, UK), Symantec Corporation (California, US), Skyhigh Networks (California, US), Netskope Inc. (California, US), CipherCloud (California, US), and HyTrust, Inc. (California, US). These players have adopted various strategies, such as new product developments, collaborations, partnerships, and acquisitions to expand their presence in the global cloud encryption market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions. Our 850-fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Rohan MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Tel: 1-888-600-6441 Email:

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