How big is the Cloud Encryption Market?

The Cloud Encryption Market size is expected to reach USD 3.94 billion in 2024 and grow at a CAGR of 24.38% to reach USD 11.74 billion by 2029. Read More

What is the current Cloud Encryption Market size?

In 2024, the Cloud Encryption Market size is expected to reach USD 3.94 billion. Read More

Who are the key players in Cloud Encryption Market?

IBM Corporation, Trend Micro Inc., Dell Technologies Inc., Broadcom Inc. (Symantec Corporation) and Cisco Systems Inc. are the major companies operating in the Cloud Encryption Market. Read More

Which is the fastest growing region in Cloud Encryption Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cloud Encryption Market?

In 2024, the North America accounts for the largest market share in Cloud Encryption Market. Read More

What years does this Cloud Encryption Market cover, and what was the market size in 2023?

In 2023, the Cloud Encryption Market size was estimated at USD 3.17 billion. The report covers the Cloud Encryption Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Encryption Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cloud Encryption Market - Share, Forecast & Size

Cloud Encryption Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Cloud Encryption Market Analysis and it is segmented by End-user Industry (Retail, Government, Energy, and Power), by Service Model (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service), by Size of Enterprise (Large Enterprises, Small and Medium size Enterprises), by Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia-Pacific(China, Australia, Singapore, Rest of Asia-Pacific), Latin America (Mexico, Brazil, Rest of Latin America), Middle East and Africa (United Arab Emirates, Saudi Arabia, Rest of the Middle East and Africa)). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.

Cloud Encryption Industry Overview

The Cloud Encryption Market is highly fragmented, with the presence of major players like IBM Corporation, Trend Micro Inc., Dell Technologies Inc., Broadcom Inc. (Symantec Corporation), and Google LLC. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In October 2022, Vaultree announced the availability of its Data-in-Use Encryption for Google's AlloyDB, which is available for a preview trial. The service, a launch partner for Google's AlloyDB, combines the global functioning Encryption-in-Use solution powered by Vaultree with Google's AlloyDB for PostgreSQL. Users may now test Vaultree's homomorphic and searchable cloud encryption technology homomorphic and searchable encryption technology on the cloud, indicating an advancement in encryption standards that will allow next-generation encryption and data security.

In June 2022, Cisco launched a new Talos Intel On-Demand service, which provides tailored research on the threat landscape specific to each organization. Cisco introduced Cisco Secure Cloud Analytics changes to assist incident detection and response, including instantly elevating alarms into SecureX and mapping those warnings to MITRE ATT&CK. This came on the heels of the public release of SecureX device insights to collect, correlate, and normalize data about the devices in their environment and the Kenna and Secure Endpoint integrations to prioritize vulnerabilities better. Cisco also announced the Secure Firewall 3100 Series, intended for hybrid usage, and features a new encrypted visibility engine that detects hidden threats using artificial intelligence and machine learning.