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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

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Date: 23-Aug-2017
No. of pages: 184
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Stringent regulatory compliance and increasing concern for cloud data security are driving the cloud encryption market

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 market is driven by factors, such as proliferation in the cloud adoption and virtualization, bigger risks on cloud environment due to big data analytics, and stringent regulations and compliances .However, the major hindrance faced by the enterprises while adopting cloud encryption are lack of budget for the adoption of best-in-class cloud encryption solution, and misbelief of performance issue caused by cloud encryption.

Software-as-a-Service model is expected to have the fastest growth rate during the forecast period

Software-as-a-Service (SaaS) service model in the cloud encryption market is expected to grow at the fastest rate, during the forecast period. The major reason for the high growth rate of SaaS among service models is the increased usage of the cloud-based applications from the cloud service providers. The SaaS applications might contain malicious activities that may cause significant data loss. Therefore, the cloud encryption solutions and services help in minimizing the loss of data by encrypting it and allowing only authorized a person to access the same with the help of encryption keys.

BFSI vertical is expected to have the largest market size during the forecast period

With strict regulations governing the BFSI sector and the pressure on IT teams to address the dynamic needs of the businesses, this sector is exploring possibilities of exploiting cloud computing as a mechanism to deliver faster services to the businesses and at the same time reduce the cost of delivering such services. However, with this evolution arises the need to protect sensitive data that is being acquired and transmitted. This can be achieved using the cloud encryption technology, encrypting confidential data in transit as well as at rest.

North America is expected to hold the largest market share, whereas Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period

North America is the foremost potential market due to the presence of a large number of players offering the cloud encryption in this region. This region is expected to hold the largest market size during the forecast period, as organizations are more focused on securing the cloud data at rest as well as in transit. Furthermore, organizations have invested hugely in advanced technologies to gain competitive advantage and improve business operations. The APAC region is in the initial growth phase; however, it is the fastest growing region in the global cloud encryption market. The increasing adoption of cloud encryption solutions in this region is due to the wide-spread presence of SMEs that are implementing enhanced cloud encryption solutions to prevent unauthorized access to critical business data residing on the cloud and unethical use of such information.

The break-up profiles of primary participants are given below:


  • By company: Tier 1–55%, Tier 2–20%, and Tier 3–25%

  • By designation: C-level–60%, Director level–25%, and Others–15%

  • By region: North America–15%, Europe–25%, APAC–30%, Latin America–20%, and MEA–10%


The following key cloud encryption providers are profiled in the report:


  • 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)

  • HyTrust, Inc. (California, US)

  • Secomba GmbH (Augsburg, Germany)

  • IBM Corporation (New York, US)

  • Trend Micro Incorporated (Tokyo, Japan)

  • Vaultive, Inc. (Massachusetts, US)

  • TWD Industries AG (Unteriberg, Switzerland)


Research Coverage

The cloud encryption market has been segmented on the basis of components (solution and service),service models, organization sizes, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, solutions and services, key strategies, new product launches, partnerships, agreements and collaborations, business expansions, and competitive landscape associated with the cloud encryption market.

The report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the cloud encryption market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.

  • This report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

  • This report will help stakeholders to better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes vendor comparison of top market players in the cloud encryption market.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Methodology
2.3.1 Vendor Inclusion Criteria
2.4 Research Assumptions and Limitations
2.4.1 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Cloud Encryption Market
4.2 Cloud Encryption Market, Market Share of Top Service Models and Top 3 Regions, 2017
4.3 Lifecycle Analysis, By Region
4.4 Market Investment Scenario
4.5 Cloud Encryption Market, By Vertical

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Proliferation in Cloud Adoption and Virtualization
5.2.1.2 Risks Related to Cloud Environments, Due to Big Data Analytics
5.2.1.3 Regulations to Increase the Adoption of Cloud Encryption Solutions
5.2.2 Restraints
5.2.2.1 Lack of Budget for the Adoption of the Best-In-Class Cloud Encryption Solutions
5.2.2.2 Lack of Awareness About Cloud Encryption and Performance Concerns Among Enterprise
5.2.3 Opportunities
5.2.3.1 Proliferation in the Demand for Integrated, Cloud-Based Encryption Solutions in Smes
5.2.3.2 Increase in the Demand for Cloud-Based Services in the Healthcare Vertical
5.2.4 Challenges
5.2.4.1 Complexities in the Management of Encryption Keys
5.2.4.2 Lack of Technical Expertise Among Enterprise Workforce
5.3 Cloud Encryption Scalability for Cloud Services (SaaS, PaaS, and IaaS)
5.4 Cloud Encryption for Public, Private, and Hybrid Clouds
5.5 Regulatory Implications
5.5.1 Payment Card Industry Data Security Standard
5.5.2 Health Insurance Portability and Accountability Act
5.5.3 Federal Information Security Management Act
5.5.4 Sarbanes–Oxley Act
5.5.5 Gramm–Leach–Bliley Act
5.5.6 Federal Information Processing Standards
5.5.7 General Data Protection Regulation
5.6 Innovation Spotlight
5.7 Use Cases
5.7.1 Large Scale Adoption of Cloud Encryption By Defense Companies
5.7.2 Commercial-Grade Security With the Help of Encryption for Major Banks in Asia Pacific
5.7.3 Encryption Practice Adopted By A Major Asia Pacific Stock Exchange
5.7.4 Enterprises’ Dependence on Cloud Email Encryption and Data Loss Prevention Solutions
5.7.5 Healthcare Vertical Relying on Cloud-Based Encryption Solutions

6 Cloud Encryption Market Analysis, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Types of Data Encrypted
6.2.1.1 Data at Rest
6.2.1.2 Data in Transit
6.2.2 Types of Encryption
6.2.2.1 Symmetric Encryption
6.2.2.2 Asymmetric Encryption
6.2.3 Key Management
6.2.4 Types of Encryption Algorithms
6.2.4.1 Data Encryption Standard (DES)
6.2.4.2 Triple Data Encryption Standard (Triple DES)
6.2.4.3 Advanced Encryption Standard (AES)
6.2.4.4 Blowfish
6.2.4.5 RSA
6.2.4.6 Diffie-Hellman
6.3 Services
6.3.1 Professional Services
6.3.1.1 Support and Maintenance
6.3.1.2 Training and Education
6.3.1.3 Planning and Consulting
6.3.2 Managed Services

7 Cloud Encryption Market Analysis, By Service Model
7.1 Introduction
7.2 Infrastructure-as-a-Service
7.3 Software-as-a-Service
7.4 Platform-as-a-Service

8 Cloud Encryption Market Analysis, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises

9 Cloud Encryption Market Analysis, By Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.3 Healthcare
9.4 Telecom and IT
9.5 Government and Public Utilities
9.6 Aerospace and Defense
9.7 Retail
9.8 Others

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 United Kingdom
10.3.2 Germany
10.3.3 France
10.3.4 Others
10.4 Asia Pacific
10.4.1 China
10.4.2 Australia and New Zealand (ANZ)
10.4.3 Singapore
10.4.4 Others
10.5 Middle East and Africa
10.5.1 Middle East
10.5.2 Africa
10.6 Latin America
10.6.1 Mexico
10.6.2 Brazil
10.6.3 Others

11 Competitive Landscape
11.1 Microquadrant Overview
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Competitive Benchmarking
11.2.1 Strength of Product Portfolio in the Cloud Encryption Market

(Thales E-Security, Gemalto N.V., Sophos Group PLC, Symantec Corporation, Skyhigh Networks, Netskope Inc., Ciphercloud, Randtronics, Stormshield, Hytrust, Inc., Stratokey, Secomba GmbH, Dell, Hewlett Packard Enterprise Development Lp, IBM Corporation, Trend Micro Incorporated, Cisco Systems, Inc., Protegrity Usa, Inc., Vaultive, Inc., Datalocker Inc., Parablu Inc., Hitachi Solutions, Ltd., Perfectcloud Corp., Tresorit, Bitglass, Inc., Spamina, and TWD Industries Ag)

11.2.2 Business Strategy Excellence Adopted in the Cloud Encryption Market

(Thales E-Security, Gemalto N.V., Sophos Group PLC, Symantec Corporation, Skyhigh Networks, Netskope Inc., Ciphercloud, Randtronics, Stormshield, Hytrust, Inc., Stratokey, Secomba GmbH, Dell, Hewlett Packard Enterprise Development Lp, IBM Corporation, Trend Micro Incorporated, Cisco Systems, Inc., Protegrity Usa, Inc., Vaultive, Inc., Datalocker Inc., Parablu Inc., Hitachi Solutions, Ltd., Perfectcloud Corp., Tresorit, Bitglass, Inc., Spamina, and TWD Industries Ag)

12 Company Profiles
12.1 Ciphercloud
12.1.1 Overview
12.1.2 Strength of Product Portfolio
12.1.3 Business Strategy Excellence
12.1.4 Recent Developments
12.2 Gemalto N.V.
12.2.1 Overview
12.2.2 Strength of Product Portfolio
12.2.3 Business Strategy Excellence
12.2.4 Recent Developments
12.3 Hytrust, Inc.
12.3.1 Overview
12.3.2 Strength of Product Portfolio
12.3.3 Business Strategy Excellence
12.3.4 Recent Developments
12.4 International Business Machines Corporation
12.4.1 Overview
12.4.2 Strength of Product Portfolio
12.4.3 Business Strategy Excellence
12.4.4 Recent Developments
12.5 Netskope, Inc.
12.5.1 Overview
12.5.2 Strength of Product Portfolio
12.5.3 Business Strategy Excellence
12.5.4 Recent Developments
12.6 Secomba GmbH
12.6.1 Overview
12.6.2 Strength of Product Portfolio
12.6.3 Business Strategy Excellence
12.6.4 Recent Developments
12.7 Skyhigh Networks
12.7.1 Overview
12.7.2 Strength of Product Portfolio
12.7.3 Business Strategy Excellence
12.7.4 Recent Developments
12.8 Sophos Group PLC
12.8.1 Overview
12.8.2 Strength of Product Portfolio
12.8.3 Business Strategy Excellence
12.8.4 Recent Developments
12.9 Symantec Corporation
12.9.1 Overview
12.9.2 Strength of Product Portfolio
12.9.3 Business Strategy Excellence
12.9.4 Recent Developments
12.10 Thales E-Security
12.10.1 Overview
12.10.2 Strength of Product Portfolio
12.10.3 Business Strategy Excellence
12.10.4 Recent Developments
12.11 Trend Micro Incorporated
12.11.1 Overview
12.11.2 Strength of Product Portfolio
12.11.3 Business Strategy Excellence
12.11.4 Recent Developments
12.12 Vaultive, Inc.
12.12.1 Overview
12.12.2 Strength of Product Portfolio
12.12.3 Business Strategy Excellence
12.12.4 Recent Developments
12.13 TWD Industries AG
12.13.1 Overview
12.13.2 Strength of Product Portfolio
12.13.3 Business Strategy Excellence
12.13.4 Recent Developments
12.14 Parablu Inc.
12.14.1 Overview
12.14.2 Strength of Product Portfolio
12.14.3 Business Strategy Excellence
12.14.4 Recent Developments

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Evaluation Criteria
Table 2 Cloud Encryption Market Size and Growth Rate, 2015–2022 (USD Million, Y-O-Y %)
Table 3 Innovation Spotlight: Latest Cloud Encryption Innovations
Table 4 Cloud Encryption Market Size, By Component, 2015–2022 (USD Million)
Table 5 Solutions: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 7 Services: Market Size, By Type, 2015–2022 (USD Million)
Table 8 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 9 Professional Services Market Size, By Type, 2015–2022 (USD Million)
Table 10 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 11 Training and Education Market Size, By Region, 2015–2022 (USD Million)
Table 12 Planning and Consulting Market Size, By Region, 2015–2022 (USD Million)
Table 13 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 14 Cloud Encryption Market Size, By Service Model, 2015–2022 (USD Million)
Table 15 Infrastructure-as-a-Service: Market Size, By Region, 2015–2022 (USD Million)
Table 16 Software-as-a-Service: Market Size, By Region, 2015–2022 (USD Million)
Table 17 Platform-as-a-Service: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Cloud Encryption Market Size, By Organization Size, 2015–2022 (USD Million)
Table 19 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 21 Cloud Encryption Market Size, By Vertical, 2015–2022 (USD Million)
Table 22 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 23 Healthcare: Market Size, By Region, 2015–2022 (USD Million)
Table 24 Telecom and IT: Market Size, By Region, 2015–2022 (USD Million)
Table 25 Government and Public Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 26 Aerospace and Defense: Market Size, By Region, 2015–2022 (USD Million)
Table 27 Retail: Market Size, By Region, 2015–2022 (USD Million)
Table 28 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Cloud Encryption Market Size, By Region, 2015–2022 (USD Million)
Table 30 North America: Cloud Encryption Market Size, By Component, 2015–2022 (USD Million)
Table 31 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 32 North America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 33 North America: Market Size, By Service Model, 2015–2022 (USD Million)
Table 34 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 35 North America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 36 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 37 Europe: Cloud Encryption Market Size, By Component, 2015–2022 (USD Million)
Table 38 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 39 Europe: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 40 Europe: Market Size, By Service Model, 2015–2022 (USD Million)
Table 41 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 42 Europe: Market Size, By Vertical, 2015–2022 (USD Million)
Table 43 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 44 Asia Pacific: Cloud Encryption Market Size, By Component, 2015–2022 (USD Million)
Table 45 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 46 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 47 Asia Pacific: Market Size, By Service Model, 2015–2022 (USD Million)
Table 48 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 49 Asia Pacific: Market Size, By Vertical, 2015–2022 (USD Million)
Table 50 Asia-Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 51 Middle East and Africa: Cloud Encryption Market Size, By Component, 2015–2022 (USD Million)
Table 52 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 53 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 54 Middle East and Africa: Market Size, By Service Model, 2015–2022 (USD Million)
Table 55 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 56 Middle East and Africa: Market Size, By Vertical, 2015–2022 (USD Million)
Table 57 Middle East and Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 58 Latin America: Cloud Encryption Market Size, By Component, 2015–2022 (USD Million)
Table 59 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 60 Latin America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 61 Latin America: Market Size, By Service Model, 2015–2022 (USD Million)
Table 62 Latin America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 63 Latin America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 64 Latin America: Market Size, By Country, 2015–2022 (USD Million)

List of Figures

Figure 1 Cloud Encryption Market: Market Segmentation
Figure 2 Cloud Encryption Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Cloud Encryption Market: Assumptions
Figure 8 Market Size, By Component (2017 vs 2022)
Figure 9 North America is Estimated to Hold the Largest Market Share in 2017
Figure 10 Top 3 Revenue Segments of the Market
Figure 11 Need for Stringent Compliance is Expected to Boost the Cloud Encryption Market
Figure 12 Infrastructure-as-a-Service and North America are Expected to Have the Largest Market Shares in 2017
Figure 13 TheMarket has Immense Opportunities for Growth in Asia Pacific
Figure 14 Asia Pacific is Expected to Emerge as the Best Market for Investment in the Next 5 Years
Figure 15 Banking, Financial Services, and Insurance Vertical is Estimated to Have the Largest Market Size in 2017
Figure 16 Cloud Encryption Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Security Technologies Used for Protecting Data on the Cloud
Figure 18 Enterprise Plan for Adoption of Encryption
Figure 19 Acceleration in the Practice of Data Encryption By Cloud Service Providers
Figure 20 Management of Encryption Keys By Enterprise Workforce
Figure 21 Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Managed Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Training and Education Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Software-as-a-Service Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 26 Telecom and IT Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 28 North America: Market Snapshot
Figure 29 Asia Pacific: Market Snapshot
Figure 30 Cloud Encryption Market (Global), Competitive Leadership Mapping, 2017
Figure 31 Market Ranking for the Cloud Encryption Market, 2017
Figure 32 Ciphercloud: Company Snapshot
Figure 33 Gemalto N.V.: Company Snapshot
Figure 34 Hytrust, Inc.: Company Snapshot
Figure 35 International Business Machines Corporation: Company Snapshot
Figure 36 Netskope, Inc.: Company Snapshot
Figure 37 Secomba GmbH: Company Snapshot
Figure 38 Skyhigh Networks: Company Snapshot
Figure 39 Sophos Group PLC: Company Snapshot
Figure 40 Symantec Corporation: Company Snapshot
Figure 41 Thales E-Security: Company Snapshot
Figure 42 Trend Micro Incorporated: Company Snapshot
Figure 43 Vaultive, Inc.: Company Snapshot
Figure 44 TWD Industries AG: Company Snapshot
Figure 45 Parablu Inc.: Company Snapshot

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