Cloud Encryption : An Investor’s Guide to Understand
Market Variation Globally
Cloud Encryption Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Cloud encryption is the service offered by cloud storage providers for encrypting data before
storing on the cloud. Encryption is one of the most effective approaches towards data security,
scrambling content of any system, database, and file in such a way that it is not possible to
decode without a decryption key. Thus, encrypting the data is an essential for data security, and
is a major factor propelling growth of the market. Increasing cloud traffic is another major driver
for growth of the cloud encryption market. For instance, according to Coherent Market Insights,
global cloud IP traffic is expected to reach 14 ZB by the end of 2020, up from 4 ZB per year in
2015.
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Increasing concerns related to data security is among the major driving factors for
growth of the market
Companies and organizations are increasingly adopting cloud encryption techniques for
protecting their sensitive information from threats such as data breaches, unauthorized use of
data by third party, and malware. For instance: According to CMI survey, in 2017, 98 % of the