The global Cloud Storage Encryption Market is forecast to reach USD 4.61 Billion by 2026, according to a new report by Reports and Data. Cloud Storage Encryption is provided by the cloud service vendors. This encryption allows for secure data computation and also ensures the protection of data from hacking as well as preventing scenarios of data theft. The encryption method safeguards the data by muddling the content of a system or a database. Thus, the files or data is inaccessible with the decryption key. The increasing cloud traffic, as well as the high demand for protecting sensitive information from data breaches and unauthorized access from third-party initiatives are driving the growth of the Cloud Storage Encryption market.

The market for Cloud Storage Encryption is influenced by the rising demand from data hogging multi-national companies which dwell mostly on cloud computing. Encryption ensures the protection of these sentient data for the safeguarding of company privacy.

Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/2224

Further key findings from the report suggest

• Among component types, the service segment is expected to experience the highest CAGR of 23.9% during the forecast period. The constant adoption for cloud services by different end users ensure the increase in demand for this segment.
• Software-as-a-Service is expected to develop with the highest CAGR of 23.8% in the services segment. This is the application of making software available to consumers over the internet. Encryption here is highly required owing to the increase in demand of similar services as well as the necessity of protecting the data which is being utilized.
• The market share for the public segment from among the deployment types is seen to be the highest at 36.0% in the year 2018. This is mainly because of the high utility of public domain cloud services from vendors, which allow encryption of user data to prevent data burglary and spamming Spywares.
• Asia Pacific is estimated to experience the highest CAGR of 23.5% during the forecast period. Countries like Japan, China, and India are rapidly catching up with the growth in the cloud security services markets. The huge influx of IT firms and data monger enterprises propels the growth of the market in this region.

Key companies profiled in the report include:  

Sophos Group Plc., Thales e-Security, Gemalto N.V., Skyhigh Networks, Symantec Corporation, CipherCloud, Netskope Inc., Trend Micro Incorporated, HyTrust Inc., and Vaultive Inc., among others.

Component Type Outlook Revenue, USD Billion; 2016-2026)

• Service
• Solution

Service Type Outlook (Revenue, USD Billion; 2016-2026)

• Infrastructure-as-a-Service
• Software-as-a-Service
• Platform-as-a-Service

Deployment Outlook (Revenue, USD Billion; 2016-2026)

• Public
• Private
• Hybrid

End-Users Outlook (Revenue, USD Billion; 2016-2026)

• BFSI
• Healthcare
• Retail and Consumer goods
• IT and Telecom
• Media and Entertainment
• Travel and Hospitality
• Government
• Others

Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/2224

Thank you for reading our report. Customization of this report is available as per the client’s requirements. Please connect with us to know more about the report and our team will ensure you get the report tailored according to your needs.

Get Explore Latest Research Report by Reports and Data:

Carpet and Rugs Market @ https://www.globenewswire.com/news-release/2019/08/27/1907306/0/en/Carpet-and-Rugs-Market-To-Reach-USD-138-44-Billion-By-2026-Reports-And-Data.html

Ice Chests and Coolers Market @ https://www.globenewswire.com/news-release/2019/11/07/1943396/0/en/Ice-Chests-and-Coolers-Market-To-Reach-USD-1-051-5-Million-by-2026-Reports-And-Data.html

Artificial Turf Market @ https://www.globenewswire.com/news-release/2020/10/22/2112384/0/en/Artificial-Turf-Market-To-Reach-USD-4-20-Billion-By-2027-Reports-and-Data.html

Commercial Refrigeration Equipment Market @ https://www.globenewswire.com/news-release/2019/09/24/1920191/0/en/Commercial-Refrigeration-Equipment-Market-To-Reach-USD-53-23-Billion-By-2026-Reports-And-Data.html

Anechoic Chamber Market @ https://www.globenewswire.com/news-release/2020/06/18/2050459/0/en/Anechoic-Chamber-Market-To-Reach-USD-1-58-Billion-By-2027-Reports-and-Data.html

Flavors & Fragrances Market @ https://www.globenewswire.com/news-release/2019/09/18/1917609/0/en/Flavors-Fragrances-Market-To-Reach-USD-31-38-Billion-By-2026-Reports-And-Data.html

Pulse Flour Market @ https://www.globenewswire.com/news-release/2019/09/23/1919367/0/en/Global-Pulse-Flour-Market-To-Reach-USD-28-9-Billion-By-2026-Reports-And-Data.html

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, TouchPoints, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provide our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com