ICT RESEARCH REPORTS Cloud-Encryption-Market | Page 2

companies are have experienced the malware attacks, 69% of the companies have experienced
the phishing and social engineering attacks. Thus, encryption techniques such as cryptography
and steganography are being used for increasing data security, which in turn, is help in reducing
data breaches sue to cyber-attacks. This is further expected to aid in growth of the market over
the forecast period.
Cloud Encryption Market: Regional Insights
On the basis of geography, global cloud encryption market is segmented into North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for cloud encryption in
North America is expected to account for the largest share in the global market over the forecast
period. The U.S. held the dominant position in North America cloud encryption market in 2016.
The U.S. and Canada are major growth engines in North America. Organizations in North America
are focusing on their shifting business workload to cloud environment and this is one of major
driving factors for growth of the cloud encryption market. For instance, in 2016, North America
accounted for around 42% of the cloud data center workload, globally.
Browse More About the Market Study @
https://www.coherentmarketinsights.com/ongoing-insight/cloud-encryption-market-1344
As these businesses to shift their workload to cloud, demand for encryption techniques for
managing the sensitive data increases, in order to protect the data from cyber threats. Therefore,
this is expected to aid in growth of the market. Moreover, increasing cloud traffic in North
America is also another major factor for growth of the market. According to the Coherent Market
Insights analysis, in 2015, the cloud traffic was 1891 EB (Exabyte) and is estimated to reach
6844EB (Exabyte) by 2020.
Cloud Encryption Market: Competitive Background
Major players operating in the cloud encryption market are Cipher Cloud Inc. (U.S.), Hytrust Inc.
(U.S.), Gemalto N.V. (the Netherlands), IBM Corporation (U.S.), Secomba GmbH (Germany), Sky-
high Networks Inc. (U.S.)., Sophos Group Plc. (U.K.), Vormetric (U.S.), Boxcyrptor (U.S.), Viivo,
Wave System, Symantec Corporation (U.S.), and Thales e-Security Corporation (France).
Ask for Discount before Buying @:
https://www.coherentmarketinsights.com/insight/request-discount/1344