How big is the Cloud Encryption Software Market?

The Cloud Encryption Software Market size is expected to reach USD 6.03 billion in 2024 and grow at a CAGR of 35.23% to reach USD 27.29 billion by 2029. Read More

What is the current Cloud Encryption Software Market size?

In 2024, the Cloud Encryption Software Market size is expected to reach USD 6.03 billion. Read More

Who are the key players in Cloud Encryption Software Market?

Google LLC, Symantec Corporation, Hewlett Packard Enterprise, Trend Micro Inc. and Hitachi Vantara are the major companies operating in the Cloud Encryption Software Market. Read More

Which is the fastest growing region in Cloud Encryption Software 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 Software Market?

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

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

In 2023, the Cloud Encryption Software Market size was estimated at USD 3.91 billion. The report covers the Cloud Encryption Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Encryption Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cloud Encryption Software Market - Companies, Share & Trends

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

Cloud Encryption Solution Market is Segmented by Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises), Service (Professional Services, Managed Services), Industry Vertical (BFSI, Healthcare, Retail), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Cloud Encryption Software Industry Overview

The cloud encryption software market is moderately competitive due to many small and large players in the domestic and international markets. The market appears to be mildly Consolidated, and the key strategies adopted by the major players are product innovation and mergers and acquisitions. Some of the major players in the market are Google LLC, Symantec Corporation, Hewlett Packard Enterprise, and Trend Micro Inc., among others.

In December 2022, Apple launched Advanced Data Protection, an end-to-end encryption system, iCloud. This would keep most of the iCloud account’s data secure even when Apple is hacked and would prevent Apple from accessing iCloud phone backups in response to law enforcement requests.

In October 2022, Valuetree announced the release of its data-in-use encryption for Google's AlloyDB. The offering pairs the world's first fully functional encryption-in-use solution powered by Vaultree with Google's AlloyDB for PostgreSQL.