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Cloud Encryption Software Industry 2019Description:-
In cloud encryption service, cloud storage providers transform data or information using encryption algorithm and then stores in cloud space. The software deployed in the process of encryption and decryption of data is referred to as cloud encryption software. It concise the information into an undecipherable format that can only be assessed by codes that are designed of complex mathematical algorithm. This tighten the security of the data. The rise in cybersecurity threats is observed to be the main factor that is expected to intensify the growth of the global cloud encryption software market. The fast-paced expansion of the market can be attributed to continuous technical upgradations. On the downside, development of technology is availing techniques that can break encryption codes and increase in technical knowledge among people are some of the constraints that can hinder the global cloud encryption software market growth.
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Industry News
September 2019
MediaKind, a leader in delivering media technology and innovations, launched robust Cloud-Based Solutions that adds value to Content Owners, TV Service Providers, and Broadcasters and Operators.
Viasat, an America-based communication company, provided upgradations to North Atlantic Treaty Organization's (NATO), an intergovernmental military alliance of 29 European and North American countries, ultra-high frequency (UHF) SATCOM (satellite communications) control stations. Cloud encryption software was deployed.
Segmental Outline
The growth of the worldwide market of cloud encryption software has been analyzed in segments. By the type category, the market has been segmented in On-premise and Cloud-based. As technical innovations increases, and their early adoption are expected to promote the market growth. High accuracy of operation that is offered by on cloud platform is expected to surge the global market growth. By the application category, the market has been segregated in manufacturing, government, healthcare, and others. The ability to reduce physical storage space and eliminate the data storage limitation in tangible devices are factors that are likely to boost the growth of the market. Different industry verticals are adopting cloud encryption software, as a result of which, the worldwide market for cloud encryption software is likely to exhibit a profound growth.
Detailed Regional Analysis
By region, the cloud encryption market has been analyzed across Europe, North America, South America, Asia-Pacific, and the Middle East and Africa. Canada, Mexico, and the United States are segments under the North America segment. The South America segmented into Argentina, Brazil, and Colombia. China, Korea, Japan, Southeast Asia, and India are segments under the Asia Pacific region. Nigeria, Saudi Arabia, Egypt, UAE, and South Africa are regions under the Middle East and Africa segment. North America experiencing high risk of data breach is noted to register high adoption rate for cloud encryption software across different business verticals. In addition, increase in political disruptions in the region is also expected to promote the North America market growth in the coming years.
Market Key Players
IBM, HPE, Gemalto, Microsoft, Symantec, Trend Micro, Netskope, Parablu, Ciphercloud, and Thales E-Security are some of the strong players of the global cloud encryption software market.
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