LONDON--(BUSINESS WIRE)--Technavio has been monitoring the cloud encryption software market and it is poised to grow by $ 2.82 bn during 2020-2024, progressing at a CAGR of over 38% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Sophos Ltd., Symantec Corp., Thales Group, and Trend Micro Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increasing use of in-built cloud encryption solutions has been instrumental in driving the growth of the market. However, high capital investment for deployment might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Cloud Encryption Software Market 2020-2024: Segmentation
Cloud Encryption Software Market is segmented as below:
-
End-user
- BFSI
- Manufacturing
- Professional Services
- Healthcare
- Others
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
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Cloud Encryption Software Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cloud encryption software market report covers the following areas:
- Cloud Encryption Software Market Size
- Cloud Encryption Software Market Trends
- Cloud Encryption Software Market Industry Analysis
This study identifies the growing adoption of biometric encryption as one of the prime reasons driving the cloud encryption software market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Cloud Encryption Software Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist cloud encryption software market growth during the next five years
- Estimation of the cloud encryption software market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the cloud encryption software market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cloud encryption software market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- BFSI - Market size and forecast 2019-2024
- Manufacturing - Market size and forecast 2019-2024
- Professional services - Market size and forecast 2019-2024
- Healthcare - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver- Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Check Point Software Technologies Ltd.
- Cisco Systems Inc.
- Dell Technologies Inc.
- Hewlett Packard Enterprise Co.
- International Business Machines Corp.
- Microsoft Corp.
- Sophos Ltd.
- Symantec Corp.
- Thales Group
- Trend Micro Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
