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Cloud Encryption Software Market Share

  • Report ID: GMI7225
  • Published Date: Oct 2023
  • Report Format: PDF

Cloud Encryption Software Market Share

The major players operating in the cloud encryption software industry are:

  • Check Point Software Technologies Ltd.
  • Dell Technologies Inc.
  • Hewlett Packard Enterprise
  • Intel Corp.
  • Proofpoint Inc.
  • Sophos Ltd.
  • Symantec (Broadcom)
  • Thales Group
  • Trend Micro Inc.

Companies within the market are proactively engaging in strategic endeavors to strengthen their market presence. These initiatives encompass the adoption of cutting-edge AI and cloud technologies, forging crucial partnerships, diversifying their service portfolios, and reinforcing data security measures. The overarching goal is to effectively cater to the evolving needs of their clientele while aligning with ever-changing regulatory requirements.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The cloud encryption software industry was valued at USD 3.5 billion in 2022 and is estimated to register a CAGR of over 22.5% between 2023 and 2032, favored by the need to protect sensitive data from cyber threats and unauthorized access.

The BFSI segment accounted for a market share of around 25% in 2022 and is anticipated to grow through 2032, as financial institutions increasingly migrate data & services to the cloud, necessitating the protection of sensitive customer information, financial data, and transactions from cyber threats.

North America cloud encryption software market accounted for around 46% share in 2022 and is expected to register significant growth through 2032, as businesses in the region prioritize data security and compliance, particularly with stringent data protection laws like GDPR and CCPA.

Check Point Software Technologies Ltd., Dell Technologies Inc., Hewlett Packard Enterprise, Intel Corp., Proofpoint Inc., Sophos Ltd., Symantec (Broadcom), Thales Group, and Trend Micro Inc.

Cloud Encryption Software Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 20
  • Pages: 250
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