(MENAFN Editorial) iCrowdNewswire - Dec 5, 2017
The Cloud Encryption Market based on its service model and industry vertical is said to garner lucrative market share during the forecast period. The constantly increasing demand for cloud encryption is primarily focused by stringent regulations by several governments and the need to shield important information fed on the cloud. Coupled with rising demand for virtualization and cloud across many verticals, the adoption of cloud encryption amidst businesses is anticipated to gain grip in the near future.
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IT and telecom vertical is anticipated to impel rapidly during the forecast period. The IT and telecom vertical integrates higher use of application that are business operations based on cloud and is hence under attack by cyber criminals.
Such solutions are helping many IT and telecom companies enhancing their services and providing safe data and information to the users while going by all the stringent regulations.
The Infrastructure-as-a-Service (IaaS) model during the forecast period is said be responsible for the maximum market share in the global market. The IaaS sector has branches such as servers, storages and networking infrastructure on-premises private cloud. These are utilized to work on the applications on the public cloud. They enable businesses to reduce the entire cost of the ownership as the infrastructure is being rendered by any third party sellers in the cloud-based data centers.
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Nonetheless, virtualization invents new shielding challenges. Hence, establishments are incorporating cloud encryption solution and the services to work the business-critical functions safely.
Region-wise, North America is anticipated to contribute to the largest market share and along with that Asia Pacific will flourish at the most rapid rate during the forecast period. North America is said to grow rapidly owing to more and more adoption of new and improving technologies and the presence of a large number of market players in this region.
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