Cloud encryption technology market : Global Industry Growth,
Market Share and Forecast 2019-2025
Cloud encryption technology market is expected to grow considerably as cloud encryption technology
provides a variety of services such as operating system, network hardware, storage, resources, and
software to optimize productivity and ease business operations. As every organization is moving its data
to the cloud, there is a significant demand for storage services provided by the cloud provider. Security
and trust issues are among the key concerns since the user’s data are released to the cloud. So, there is a
need to protect that data against unauthorized access, modification or denial of services and so forth.
Encryption is a well-known technique for maintaining the privacy of sensitive information, however, it
limits the functionality. The increased demand for enhanced security and inherent limits of traditional
encryption schemes for the data on the cloud has surged the implementation of several new encryption
algorithms such as searchable, order-preserving, and holomorphic schemes.
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Moreover, data privacy is crucial on shared resources or over the internet and encryption generally plays
a significant role in protecting data. The security issues are numerous in cloud computing and on the web
in general, and various cryptography algorithms have been designed to protect the data at cloud and at
the applications level on desktops. Cryptography mainly refers to a different science in which ciphers are
designed which includes stream ciphers and block ciphers, as well as the hash functions. Encryption is a
technique in which the ordinary text is converted into some secret text for the protection and integrity of
the text.
Furthermore, the cloud service models include Platform-as-a-Service (PaaS), Software-as-a-Service
(SaaS), and Infrastructure-as-a-Service (IaaS). The SaaS cloud service model offers services to the
customers as an application using a standardized interface. The service is invisible for the customers as it
runs at the top of the application. The PaaS cloud service model provides the services as development
and operation platform to the customers, allowing the consumer to use its own application maintained
by the cloud-based infrastructure. Additionally, the IaaS cloud service model is the lowest service model
in the technological stack, offering infrastructure resources as a service such as processing power, raw
data storage, and network capacity.
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Factors such as an increase in cloud adoption and virtualization, risks related to cloud environments due
to big data analytics and regulations are expected to increase the adoption of cloud encryption
solutions, that will boost the demand for global cloud encryption technology market. Developments in
cloud technology in nations such as the US, UK, and China, will further boost the demand for global cloud
encryption technology market. Key companies involved in the global cloud encryption technology