Published by Coherent Market Insights
Posted on September 17, 2021
4 min readLast updated: February 5, 2026
The cloud encryption market is growing due to data security concerns, with key players like IBM and Symantec leading the way.
United States/WA: Cloud Encryption Market Will Boom In Near Future
Report Pages:[130 Pages]
The Competitive Area of the Cloud Encryption Market is Defined by Key Players Like:-
Cipher Cloud Inc. (U.S.), Hytrust Inc. (U.S.), Gemalto N.V. (the Netherlands), IBM Corporation (U.S.), Secomba GmbH (Germany), Sky-high Networks Inc. (U.S.)., Sophos Group Plc. (U.K.), Vormetric (U.S.), Boxcyrptor (U.S.), Viivo, Wave System, Symantec Corporation (U.S.), and Thales e-Security Corporation (France).
Growth of the cloud encryption market is mainly driven by the need to combat with advanced threats and vulnerabilities, and secure the enterprise cloud. Companies and organizations are increasingly adopting cloud encryption to protect their sensitive information from threats such as malware, data breaches, and unauthorized use of data by third party. According to tdwi.org, Transforming Data with Intelligence, in 2019, the number of data exposures in U.S. dropped to 164.6 million, almost three times less than in 2018. Moreover, the number of exposed records continued falling and hit almost 156 million in 2020, nine million less than in 2019. Therefore, there is an increasing demand for cloud encryption market.
Cloud encryption is a service offered by cloud storage providers whereby a customer’s data is transformed using encryption algorithms into cipher text and stored in the cloud. It is the most important and simplest way to ensure that cloud data cannot be read, stolen, or breached by anyone with an anomalous motive. The purpose of cloud encryption is to secure and protect confidential information as it is transmitted through the Internet and other computer systems. Moreover, service providers offer a variety of encryption applications to meet a variety of data security needs, driving the growth of the cloud encryption market.
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For example, in December 2020, IBM Security launched a new service that allows companies to experiment with fully homomorphic encryption (FHE), bringing in-transit encrypted data analysis into the commercial sector. It is designed to allow data to remain encrypted even while being processed or analyzed in cloud or third-party environments. Cloud encryption help secure data at rest and in motion through various standards and protocols. Moreover, the proliferation in cloud adoption and virtualization, stringent regulations, and cloud environments risks due to big data analytics have led to the growth of the cloud encryption market.
For example, in November 2019, NordVPN announced the launch of its latest cybersecurity product, NordLocker. The new tool secures all types of files stored on a user’s computer or in cloud with end-to-end encryption. Encrypting data ensures that even if that data falls into the wrong hands, it is useless as long as its keys remain secure. Cloud storage providers encrypt data and pass encryption keys to the users, and these keys are used to safely decrypt data when needed. However, lack of awareness about cloud encryption, lack of technical expertise, and performance concerns among enterprise are some major factors expected to restrain the growth of the cloud encryption market.
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The post [PDF] Cloud Encryption Market Growth Is Driven by the Increasing Concerns Related to Data Security appeared first on Gatorledger.
The article discusses the growth of the cloud encryption market driven by data security concerns.
Key players include IBM, Gemalto, Symantec, and others.
The need to protect data from breaches and unauthorized access drives the market.
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