Cloud encryption is a service that is provided by cloud service system providers in which text or data is converted using specific encryption algorithms and then placed on the cloud. This application of the cloud ensures that only the authorized users will have access to the data that is present in the cloud, which can include sensitive data. There are several advantages of using a service such as a cloud encryption such as it meets the regulatory compliance requirements, it is beneficial for data protection and it only allows information access to the authorized users.

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The increasing need for cloud-based encryption solutions in small and medium businesses has led to a rise in cloud adoption and virtualization. These factors are driving the market for cloud encryption. The poor knowledge about technology both with individuals as well as within companies as well as the lack of technical expertise coupled with the complexities that are related to the management of encryption keys and the costly infrastructure are factors that are restraining the cloud encryption market size from growing.

Competitive Landscape:
The major players in the market are as follows:
• IBM Corporation
• Parablu
• Secomba
• Twd Industries AG
• Skyhigh Networks
• Ciphercloud
• Sophos
• Gemalto
• Symantec Corporation
• Hytrust
• Thales E-Security
• Netskope
• Trend Micro
• Vaultive

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