Cloud Encryption Software Market

Executive Summary

Cloud Encryption Software Market was valued at US $12.58 billion in 2021 and is projected to grow at 15.39% CAGR over the forecast period to reach US $29.69 billion by 2027. Cloud Encryption Software Market represented US $3.13 billion opportunity over 2019-2021 and estimated to create US $17.11 billion opportunity in 2027 over 2021.

Cloud Encryption Software from Consainsights analyses the Cloud Encryption Software Market in the Technology & Media industry over the forecast period to 2027.

Cloud Encryption Software research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Cloud Encryption Software segmentation includes Organization Size, Service, Industry Vertical and Geography.

Based on the Organization Size, the Cloud Encryption Software analysis covers SMEs, Large Enterprises.

In Organization Size segment, SMEs segment has highest cagr growth of 13.57%.

Based on the Service, the Cloud Encryption Software analysis covers Professional Services, Managed Services.

In Service segment, Professional Services segment has highest cagr growth of 13.57%.

Based on the Industry Vertical, the Cloud Encryption Software analysis covers IT & Telecommunication, BFSI, Healthcare, Entertainment and Media, Retail, Education, Other Industry Verticals.

In Industry Vertical segment, IT & Telecommunication segment has highest cagr growth of 13.57%.

Based on the region, the Cloud Encryption Software analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Trend Micro, Ciphercloud, Symantec Corporation, Hewlett Packard Enterprise, Google LLC, Sophos, Voltage Security Inc., CyberArk, Safenet, Hitachi Vantara, Boxcryptor and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Organization Size

Introduction

In 2021, SMEs segment has the highest revenue of US $5.67 billion and is expected to grow at CAGR of 13.57% by 2027 SMEs segment has highest cagr growth of 13.57%.

SMEs

SMEs segment was valued at US $4.26 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $13.38 billion by 2027. SMEs segment represented US $1.41 billion opportunity over 2019-2021 and estimated to create US $7.71 billion opportunity in 2027 over 2021.

Large Enterprises

Large Enterprises segment was valued at US $1.95 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $6.12 billion by 2027. Large Enterprises segment represented US $0.65 billion opportunity over 2019-2021 and estimated to create US $3.53 billion opportunity in 2027 over 2021.

Service

Introduction

In 2021, Professional Services segment has the highest revenue of US $7.26 billion and is expected to grow at CAGR of 13.57% by 2027 Professional Services segment has highest cagr growth of 13.57%.

Professional Services

Professional Services segment was valued at US $5.45 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $17.13 billion by 2027. Professional Services segment represented US $1.81 billion opportunity over 2019-2021 and estimated to create US $9.88 billion opportunity in 2027 over 2021.

Managed Services

Managed Services segment was valued at US $2.27 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $7.13 billion by 2027. Managed Services segment represented US $0.75 billion opportunity over 2019-2021 and estimated to create US $4.11 billion opportunity in 2027 over 2021.

Industry Vertical

Introduction

In 2021, IT & Telecommunication segment has the highest revenue of US $5.22 billion and is expected to grow at CAGR of 13.57% by 2027 IT & Telecommunication segment has highest cagr growth of 13.57%.

IT & Telecommunication

IT & Telecommunication segment was valued at US $3.92 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $12.33 billion by 2027. IT & Telecommunication segment represented US $1.30 billion opportunity over 2019-2021 and estimated to create US $7.11 billion opportunity in 2027 over 2021.

BFSI

BFSI segment was valued at US $2.28 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $7.16 billion by 2027. BFSI segment represented US $0.76 billion opportunity over 2019-2021 and estimated to create US $4.13 billion opportunity in 2027 over 2021.

Healthcare

Healthcare segment was valued at US $1.30 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $4.10 billion by 2027. Healthcare segment represented US $0.43 billion opportunity over 2019-2021 and estimated to create US $2.36 billion opportunity in 2027 over 2021.

Entertainment and Media

Entertainment and Media segment was valued at US $0.89 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $2.80 billion by 2027. Entertainment and Media segment represented US $0.29 billion opportunity over 2019-2021 and estimated to create US $1.61 billion opportunity in 2027 over 2021.

Retail

Retail segment was valued at US $0.40 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $1.27 billion by 2027. Retail segment represented US $0.13 billion opportunity over 2019-2021 and estimated to create US $0.73 billion opportunity in 2027 over 2021.

Education

Education segment was valued at US $0.46 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $1.43 billion by 2027. Education segment represented US $0.15 billion opportunity over 2019-2021 and estimated to create US $0.83 billion opportunity in 2027 over 2021.

Other Industry Verticals

Other Industry Verticals segment was valued at US $0.19 billion in 2019 and is projected to grow at 13.57% CAGR over the forecast period to reach US $0.61 billion by 2027. Other Industry Verticals segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.35 billion opportunity in 2027 over 2021.