Global Cloud Encryption Market 2018-2022 | BFSI Segment Dominates the Global Market | Technavio

According to the market research report released by Technavio, the global cloud encryption market is expected to accelerate at a CAGR of almost 35% during the forecast period. The increasing demand to counter IT shadow is one of the key factors triggering the growth of the market.

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According to the market research report released by Technavio, the global cloud encryption market is expected to accelerate at a CAGR of almost 35% until 2022. (Graphic: Business Wire)

This research report titled ‘Global Cloud Encryption Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

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The market research analysis categorizes the global cloud encryption market into the following end-user:

• BFSI
• Manufacturing
• Professional services
• Healthcare
• Government

In 2017, the BFSI segment accounted for around 43% of the global market share and this segment is projected to continue its dominance through 2022.

Global cloud encryption market: Top emerging trend

The growing adoption of biometric encryption is an emerging trend in the cloud encryption market space. It is challenging to secure the cloud and reduce threats using conventional solutions. This has encouraged vendors to integrate biometric systems with cloud computing to enhance the reliability, scalability, cost savings, and offer several other benefits. In addition, biometric technology has a fast development rate and the services can be provided on demand.

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Technavio’s report provides expert market research on the following topics:

Executive Report

• Market Outline
• Global Cloud Encryption Market Overview

Market Insights

• Market Sizing and Forecasts
• Market Growth
• Market Drivers and Challenges
• Key Emerging Trends

Market Segmentation Analysis

• Regional comparison (APAC, Americas, and EMEA)
• Key leading countries
• Market segmentation by end-user (BFSI, manufacturing, professional services, healthcare, and government)

Vendor Landscape

• Vendor classification
• Market positioning of vendors
• Competitive scenario
• Analysis of top vendors (Gemalto, Sophos, and Symantec)

About Technavio

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View source version on businesswire.com: https://www.businesswire.com/news/home/20181018005631/en/