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Global Cloud Encryption Market 2018-2023 - A $2.17 Billion Market Opportunity Growing at a CAGR of 23.34% - ResearchAndMarkets.com

[April 12, 2018]

Global Cloud Encryption Market 2018-2023 - A $2.17 Billion Market Opportunity Growing at a CAGR of 23.34% - ResearchAndMarkets.com

The "Global Cloud Encryption Market - Segmented by End-user Industry (Retail, Government, and Energy & Power), and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

In 2017, the cloud encryption market was valued at USD 618.52 million and is expected to reach a value of USD 2178.02 million by 2023, registering a CAGR of 23.34%, during 2018-2023 (the forecast period).

The proliferation of cloud adoption and virtualization, and stringent regulations to increase the adoption rate of cloud encryption solutions are some of the factors that are fueling the market growth, across the globe.

With the increased adoption rate of IoT and automation and the industry's value chains increasingly relying on complex and interconnected digital assets, along with the constant exchange of data to carry out any operation, the energy sectr is exposed to the risk of cyber-attacks, mainly due to the dependence on connectivity.

In the upstream sensors, actuators, and process-control networks, well-site gateways, mobile computers, and back-office gateways are required for seismic acquisition, data processing, and interpretation, in order to determine sites for oil deposits. Thus, the control of equipment, like SCADA, DCS, and the data collected in the cloud at this stage are highly sensitive as well as vulnerable to cyber-attacks. The aforementioned factors have been buoyed by companies and governments, who focus on claiming the necessary measures of encryption to secure these systems and prevent catastrophic disasters.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Global Cloud Encryption Software Market Segmentation

6. Future of the Cloud Encryption Software Market

7. Investment Analysis

8. Companies Mentioned