Global cloud encryption market is expected to grow at a substantial CAGR during the forecast period. High cloud adoption and virtualization is one of the key factors due to which the market is anticipated to rev up during the forecast years. Moreover, increased instances of data breaches are contributing to high demand for cloud encryption which is positively impacting the growth of market during the forecast period. Furthermore, existence of norms and regulations for the increased adoption of cloud encryption solutions is expected to bolster the growth of market over the next few years. The global cloud encryption market is segmented based on component, service model, organization size, end use, company, and region. Based on service model, the market can be categorized into infrastructure-as-a-service (IaaS), software-as-a-service (SaaS), platform-as-a-service (PaaS). Out of which, the software-as-a-service segment is expected to grow at the highest CAGR during the forecast period which can be attributed to growing requirement to protect cloud applications from cyber-attacks. In addition to this, increase in the use of cloud-based applications among numerous industry verticals is further contributing to the growing trend for SaaS. The major players operating in the cloud encryption market are Ciphercloud Inc., Gemalto NV, Hytrust Inc., IBM Corp., Netskope Inc., Secomba GmbH., Skyhigh Networks, Inc., Sophos Group plc., Symantec Software Solutions Pvt Ltd, Thales E-Security, Inc. and others. The key market players are adopting some several competitive strategies such as mergers & acquisitions, collaborations, partnership, agreements in order to expand their geographic reach and to increase their customer basis. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=1477 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/global-cloud-encryption-market/1477.html