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

  • KMI168377
  • Sep 2017
  • 165 pages
  • Telecom and IT
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

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:
1. Thales e-Security (La Defense, France)
2. Gemalto N.V. (Amsterdam, Netherlands)
3. Sophos Group plc (Abingdon, UK)
4. Symantec Corporation (California, US)
5. Skyhigh Networks (California, US)
6. Netskope Inc. (California, US)
7. CipherCloud (California, US)
8. HyTrust, Inc. (California, US)
9. Secomba GmbH (Augsburg, Germany)
10. IBM Corporation (New York, US)
11. Trend Micro Incorporated (Tokyo, Japan)
12. Vaultive, Inc. (Massachusetts, US)
13. 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.
INTRODUCTION
OBJECTIVES OF THE STUDY
MARKET DEFINITION
MARKET SCOPE
YEARS CONSIDERED FOR THE STUDY
CURRENCY
Table UNITED STATES DOLLAR EXCHANGE RATE, 2014–2016
STAKEHOLDERS
RESEARCH METHODOLOGY
RESEARCH DATA
SECONDARY DATA
PRIMARY DATA
MARKET SIZE ESTIMATION
MICROQUADRANT METHODOLOGY
Table EVALUATION CRITERIA
VENDOR INCLUSION CRITERIA
RESEARCH ASSUMPTIONS AND LIMITATIONS
LIMITATIONS
EXECUTIVE SUMMARY
Table CLOUD ENCRYPTION MARKET SIZE AND GROWTH RATE, 2015–2022 (USD MILLION, Y-O-Y %)
PREMIUM INSIGHTS
ATTRACTIVE MARKET OPPORTUNITIES IN THE CLOUD ENCRYPTION MARKET
CLOUD ENCRYPTION MARKET, MARKET SHARE OF TOP SERVICE MODELS AND TOP 3 REGIONS, 2017
LIFECYCLE ANALYSIS, BY REGION
MARKET INVESTMENT SCENARIO
CLOUD ENCRYPTION MARKET, BY VERTICAL
MARKET OVERVIEW
INTRODUCTION
MARKET DYNAMICS
DRIVERS
RESTRAINTS
OPPORTUNITIES
CHALLENGES
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
Table INNOVATION SPOTLIGHT: LATEST CLOUD ENCRYPTION INNOVATIONS
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
CLOUD ENCRYPTION MARKET ANALYSIS, BY COMPONENT
INTRODUCTION
Table CLOUD ENCRYPTION MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
SOLUTIONS
TYPES OF DATA ENCRYPTED
TYPES OF ENCRYPTION
KEY MANAGEMENT
TYPES OF ENCRYPTION ALGORITHMS
Table SOLUTIONS: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
SERVICES
Table SERVICES: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table SERVICES: CLOUD ENCRYPTION MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION)
PROFESSIONAL SERVICES
Table PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table PROFESSIONAL SERVICES MARKET SIZE, BY TYPE, 2015–2022 (USD MILLION)
Table SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table TRAINING AND EDUCATION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
Table PLANNING AND CONSULTING MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
MANAGED SERVICES
Table MANAGED SERVICES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
CLOUD ENCRYPTION MARKET ANALYSIS, BY SERVICE MODEL
INTRODUCTION
Table CLOUD ENCRYPTION MARKET SIZE, BY SERVICE MODEL, 2015–2022 (USD MILLION)
INFRASTRUCTURE-AS-A-SERVICE
Table INFRASTRUCTURE-AS-A-SERVICE: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
SOFTWARE-AS-A-SERVICE
Table SOFTWARE-AS-A-SERVICE: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
PLATFORM-AS-A-SERVICE
Table PLATFORM-AS-A-SERVICE: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
CLOUD ENCRYPTION MARKET ANALYSIS, BY ORGANIZATION SIZE
INTRODUCTION
Table CLOUD ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
LARGE ENTERPRISES
Table LARGE ENTERPRISES: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
SMALL AND MEDIUM-SIZED ENTERPRISES
Table SMALL AND MEDIUM-SIZED ENTERPRISES: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
CLOUD ENCRYPTION MARKET ANALYSIS, BY VERTICAL
INTRODUCTION
Table CLOUD ENCRYPTION MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
BANKING, FINANCIAL SERVICES, AND INSURANCE
Table BANKING, FINANCIAL SERVICES, AND INSURANCE: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
HEALTHCARE
Table HEALTHCARE: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
TELECOM AND IT
Table TELECOM AND IT: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
GOVERNMENT AND PUBLIC UTILITIES
Table GOVERNMENT AND PUBLIC UTILITIES: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
AEROSPACE AND DEFENSE
Table AEROSPACE AND DEFENSE: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
RETAIL
Table RETAIL: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
OTHERS
Table OTHERS: CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
GEOGRAPHIC ANALYSIS
INTRODUCTION
Table CLOUD ENCRYPTION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
NORTH AMERICA
Table NORTH AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table NORTH AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table NORTH AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2022 (USD MILLION)
Table NORTH AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE MODEL, 2015–2022 (USD MILLION)
Table NORTH AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table NORTH AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
UNITED STATES
CANADA
Table NORTH AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
EUROPE
Table EUROPE: CLOUD ENCRYPTION MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table EUROPE: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table EUROPE: CLOUD ENCRYPTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2022 (USD MILLION)
Table EUROPE: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE MODEL, 2015–2022 (USD MILLION)
Table EUROPE: CLOUD ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table EUROPE: CLOUD ENCRYPTION MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
UNITED KINGDOM
GERMANY
FRANCE
OTHERS
Table EUROPE: CLOUD ENCRYPTION MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
ASIA PACIFIC
Table ASIA PACIFIC: CLOUD ENCRYPTION MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table ASIA PACIFIC: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table ASIA PACIFIC: CLOUD ENCRYPTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2022 (USD MILLION)
Table ASIA PACIFIC: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE MODEL, 2015–2022 (USD MILLION)
Table ASIA PACIFIC: CLOUD ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table ASIA PACIFIC: CLOUD ENCRYPTION MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
CHINA
AUSTRALIA AND NEW ZEALAND (ANZ)
SINGAPORE
OTHERS
Table ASIA-PACIFIC: CLOUD ENCRYPTION MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
MIDDLE EAST AND AFRICA
Table MIDDLE EAST AND AFRICA: CLOUD ENCRYPTION MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table MIDDLE EAST AND AFRICA: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table MIDDLE EAST AND AFRICA: CLOUD ENCRYPTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2022 (USD MILLION)
Table MIDDLE EAST AND AFRICA: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE MODEL, 2015–2022 (USD MILLION)
Table MIDDLE EAST AND AFRICA: CLOUD ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table MIDDLE EAST AND AFRICA: CLOUD ENCRYPTION MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
MIDDLE EAST
AFRICA
Table MIDDLE EAST AND AFRICA: CLOUD ENCRYPTION MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
LATIN AMERICA
Table LATIN AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY COMPONENT, 2015–2022 (USD MILLION)
Table LATIN AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE, 2015–2022 (USD MILLION)
Table LATIN AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2022 (USD MILLION)
Table LATIN AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY SERVICE MODEL, 2015–2022 (USD MILLION)
Table LATIN AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY ORGANIZATION SIZE, 2015–2022 (USD MILLION)
Table LATIN AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY VERTICAL, 2015–2022 (USD MILLION)
MEXICO
BRAZIL
OTHERS
Table LATIN AMERICA: CLOUD ENCRYPTION MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
COMPETITIVE LANDSCAPE
MICROQUADRANT OVERVIEW
VISIONARY LEADERS
INNOVATORS
DYNAMIC DIFFERENTIATORS
EMERGING COMPANIES
Table MARKET RANKING FOR THE CLOUD ENCRYPTION MARKET, 2017
COMPETITIVE BENCHMARKING
STRENGTH OF PRODUCT PORTFOLIO IN THE CLOUD ENCRYPTION MARKET
BUSINESS STRATEGY EXCELLENCE ADOPTED IN THE CLOUD ENCRYPTION MARKET
COMPANY PROFILES
CIPHERCLOUD
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
GEMALTO N.V.
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
HYTRUST, INC.
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
INTERNATIONAL BUSINESS MACHINES CORPORATION
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
NETSKOPE, INC.
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
SECOMBA GMBH
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
SKYHIGH NETWORKS
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
SOPHOS GROUP PLC
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
SYMANTEC CORPORATION
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
THALES E-SECURITY
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
TREND MICRO INCORPORATED
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
VAULTIVE, INC.
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
RECENT DEVELOPMENTS
TWD INDUSTRIES AG
OVERVIEW
STRENGTH OF PRODUCT PORTFOLIO
BUSINESS STRATEGY EXCELLENCE
APPENDIX
DISCUSSION GUIDE
KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
AVAILABLE CUSTOMIZATIONS
RELATED REPORTS
AUTHOR DETAILS

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