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Technology: Cloud Encryption Market 2023 New Research Study
 

Cloud Encryption Market 2023 New Research Study


The Cloud Encryption Market was worth USD 0.26 billion in the year 2014 and is expected to reach approximately USD 2.80 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 30.15% during the forecast period.


[UKPRwire, Thu Dec 07 2017] The Cloud Encryption Market was worth USD 0.26 billion in the year 2014 and is expected to reach approximately USD 2.80 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 30.15% during the forecast period. The worldwide cloud encryption market is anticipated to encounter a critical development over the figure time frame. The expanding selection of software as a service (SaaS) and infrastructure as service (IaaS) models dominatingly in developing countries is emphatically affecting cloud encryption advertise. Cloud encryption is the change of a cloud benefit client's information into ciphertext. Cloud encryption is practically indistinguishable to in-house encryption with one vital contrast that the cloud client must set aside opportunity to find out about the supplier's strategies and methodology for encryption and encryption key administration. The cloud encryption abilities of the specialist organization need to coordinate the level of affectability of the information being facilitated.

North America held a significant share of the Cloud Encryption Market in 2014 due to the increasing adoption of the cloud encryption in the healthcare sectors and increase in investments in the private sectors. The Asia-Pacific market has not experienced any substantial growth due to high pricing and low Government initiatives towards the market, but can experience favorable growth in coming years owing to increasing in disposable income in the region.

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The Cloud Encryption Market is segmented as follows-

By Service Model:

IaaS
SaaS
PaaS

By Industry Vertical:

BFSI
Healthcare
Government and Utilities
Telecom and IT
Retail
Aerospace and Defense
Other Industry Vertical

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About Crystal Market Research:

Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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