2026 Global: Cloud Encryption Market-Competitive Review (2032) report
Description
The 2026 Global: Cloud Encryption Market-Competitive Review (2031) report features the global market size and projected growth/decline data for the period 2021 through 2032. The report primarily provides an examination of the business strategies for the ten largest global companies in the market and how their strategies differ.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for cloud encryption market by geography and historical trend. The scope of the report extends to sizing of the cloud encryption market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
IBM Corporation leads the cloud encryption market with advanced solutions like IBM Cloud Services, featuring Bring Your Own Key (BYOK) and Key Your Own Key (KYOK) functions integrated with IBM Cloud Activity Tracker for enhanced data privacy and compliance. Thales Group excels in comprehensive encryption platforms, including CipherTrust Data Security Platform-as-a-Service launched in June 2023, which eliminates hardware dependencies while providing key management, audit trails, and secure cloud connectivity via HSE Network Encryptors. Cisco Systems, Inc. bolsters cloud security through Cisco Umbrella’s CASB functionality, improving SaaS app performance by up to 33% with superior visibility and control, further strengthened by acquisitions like Lightspin for multi-environment protection. Hewlett Packard Enterprise offers HP Atalla Cloud Encryption, a virtual appliance automating file encryption across public, private, and hybrid clouds, addressing compliance and cyber threats in enterprise infrastructure. Sophos Group plc provides Sophos Central Device Encryption for secure file sharing, full disk encryption, and MDR solutions to combat cyberattacks effectively.
Broadcom Inc., incorporating Symantec, delivers robust data-centric encryption and policy engines tailored for multicloud environments, maintaining a strong market position through integrated security offerings. Trend Micro Inc. specializes in advanced threat detection, malware protection, and vulnerability management across public, private, and hybrid clouds, with encryption features supporting compliance in diverse workloads. Palo Alto Networks dominates with Prisma Cloud, offering end-to-end cloud-native security, threat detection, and compliance for multi-cloud setups, focusing on applications, data, and workloads. Skyhigh Security, a cloud-native SSE provider, protects email, cloud apps, and private apps via its CASB platform with API integration for data visibility, expanded through Oracle Cloud Infrastructure collaboration in November 2023. Google LLC integrates encryption natively with External Key Manager supporting post-quantum options, anchoring hyperscaler leadership alongside key vaults and confidential computing.
These companies collectively drive market growth, projected from USD 4.45-5.27 billion in 2024-2025 to over USD 32 billion by 2032 at CAGRs of 24-30%, fueled by rising cyber threats and cloud adoption. Amazon Web Services embeds default encryption for data-at-rest and transit across 100+ services with BYOK, dominating alongside Microsoft Azure's confidential nodes. Fortinet Inc. provides scalable firewalls and intrusion detection integrated with encryption stacks for network and application security in enterprises. Netskope Inc. and Check Point Software Technologies contribute through CASB and advanced threat prevention, ensuring data protection in SaaS and hybrid setups. Innovations like quantum-safe encryption and sovereign key custody underscore their edge in addressing multicloud complexities and regulatory demands.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for cloud encryption market by geography and historical trend. The scope of the report extends to sizing of the cloud encryption market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
IBM Corporation leads the cloud encryption market with advanced solutions like IBM Cloud Services, featuring Bring Your Own Key (BYOK) and Key Your Own Key (KYOK) functions integrated with IBM Cloud Activity Tracker for enhanced data privacy and compliance. Thales Group excels in comprehensive encryption platforms, including CipherTrust Data Security Platform-as-a-Service launched in June 2023, which eliminates hardware dependencies while providing key management, audit trails, and secure cloud connectivity via HSE Network Encryptors. Cisco Systems, Inc. bolsters cloud security through Cisco Umbrella’s CASB functionality, improving SaaS app performance by up to 33% with superior visibility and control, further strengthened by acquisitions like Lightspin for multi-environment protection. Hewlett Packard Enterprise offers HP Atalla Cloud Encryption, a virtual appliance automating file encryption across public, private, and hybrid clouds, addressing compliance and cyber threats in enterprise infrastructure. Sophos Group plc provides Sophos Central Device Encryption for secure file sharing, full disk encryption, and MDR solutions to combat cyberattacks effectively.
Broadcom Inc., incorporating Symantec, delivers robust data-centric encryption and policy engines tailored for multicloud environments, maintaining a strong market position through integrated security offerings. Trend Micro Inc. specializes in advanced threat detection, malware protection, and vulnerability management across public, private, and hybrid clouds, with encryption features supporting compliance in diverse workloads. Palo Alto Networks dominates with Prisma Cloud, offering end-to-end cloud-native security, threat detection, and compliance for multi-cloud setups, focusing on applications, data, and workloads. Skyhigh Security, a cloud-native SSE provider, protects email, cloud apps, and private apps via its CASB platform with API integration for data visibility, expanded through Oracle Cloud Infrastructure collaboration in November 2023. Google LLC integrates encryption natively with External Key Manager supporting post-quantum options, anchoring hyperscaler leadership alongside key vaults and confidential computing.
These companies collectively drive market growth, projected from USD 4.45-5.27 billion in 2024-2025 to over USD 32 billion by 2032 at CAGRs of 24-30%, fueled by rising cyber threats and cloud adoption. Amazon Web Services embeds default encryption for data-at-rest and transit across 100+ services with BYOK, dominating alongside Microsoft Azure's confidential nodes. Fortinet Inc. provides scalable firewalls and intrusion detection integrated with encryption stacks for network and application security in enterprises. Netskope Inc. and Check Point Software Technologies contribute through CASB and advanced threat prevention, ensuring data protection in SaaS and hybrid setups. Innovations like quantum-safe encryption and sovereign key custody underscore their edge in addressing multicloud complexities and regulatory demands.
Table of Contents
32 Pages
- 1.0 Scope of Report and Methodology
- 2.0 Market SWOT Analysis and Players
- 2.1 Market Definition
- 2.2 Market Segments
- 2.3 Market Strengths
- 2.4 Market Weaknesses
- 2.5 Market Threats
- 2.6 Market Opportunities
- 2.7 Major Players
- 3.0 Competitive Analysis
- 3.1 Market Player 1
- 3.2 Market Player 2
- 3.3 Market Player 3
- 3.4 Market Player 4
- 3.5 Market Player 5
- 3.6 Market Player 6
- 3.7 Market Player 7
- 3.8 Market Player 8
- 3.9 Market Player 9
- 3.10 Market Player 10
- 4.0 Comparative Business Strategies
- 4.1 Comparative Business Strategies of Player 1 and 2
- 4.2 Comparative Business Strategies of Player 1 and 3
- 4.3 Comparative Business Strategies of Player 1 and 4
- 4.4 Comparative Business Strategies of Player 2 and 3
- 4.5 Comparative Business Strategies of Player 2 and 4
- 4.6 Comparative Business Strategies of Player 3 and 4
- 5.0 Appendix
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