Cloud Encryption Market Outlook (2023 to 2033)

The global cloud encryption market revenue totaled US$ 3.1 Billion in 2023. Expanding at a prolific 30.8% CAGR over the forecast period, the cloud encryption market size is expected to reach US$ 45.6 Billion by 2033.

Report Attributes Details
Cloud Encryption Market Estimated Value (2023) US$ 3.1 Billion
Projected Market Size (2033) US$ 45.6 Billion
Value-based CAGR (2023 to 2033) 30.8%
Top 5 Vendor Market Share Around 33%

Cloud encryption market currently accounts for around 4.5% of total cloud security market. With the advent of technologies and increase in adoption of cloud, cyber criminals are using sophisticated attacking tools to launch voluminous cyberattacks that disrupt businesses.

Organizations are focusing on cloud data encryption to mitigate cloud security challenges and privacy risks. Cloud cryptography uses encryption techniques such as symmetric encryption and asymmetric encryption to protect sensitive data stored within the cloud from unauthorized users and prevent breach of data.

By adopting robust encryption and maintaining good decryption keys, enterprises can safeguard cloud data, protecting it from hackers and users with malicious intent.

Market Statistics Details
Jan-Jun (H1), 2021 (A) 30.9%
Jul-Dec (H2), 2021 (A) 31.3%
Jan-Jun (H1),2022 Projected (P) 31.2%
Jan-Jun (H1),2022 Outlook (O) 32.5%
Jul-Dec (H2), 2022 Outlook (O) 31.8%
Jul-Dec (H2), 2022 Projected (P) 31.5%
Jan-Jun (H1), 2023 Projected (P) 32.1%
BPS Change : H1,2022 (O) - H1,2022 (P) (+)130
BPS Change : H1,2021 (O) - H1,2021 (A) (+)160
BPS Change: H2, 2022 (O) - H2, 2022 (P) (+)30
BPS Change: H2, 2021 (O) - H2, 2022 (A) (+)50

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2018 to 2022 Cloud Encryption Demand Outlook Compared to 2023 to 2033 Forecast

The cloud encryption demand is estimated to grow at a CAGR of 30.9% between 2023 and 2033, in comparison to the CAGR of 27.9% registered between 2018 to 2022.

Earlier, enterprises were involved in management and maintenance of physical, on-premises components which resulted in high installation and maintenance costs and increased the need to purchase infrastructure to store more data.

Adoption of cloud storage has increased as there has been a significant reduction in buying, managing, and maintaining in-house storage infrastructure. Heavy dependency on technology has led to an exponential rise in cyber-attacks, and companies have started investing in encryption technology. Cloud encryption solutions encrypt the connection between cloud and the end point, providing end-to-end encryption and keeping the data private.

The cloud encryption solution segment is estimated to account for a dominant share of 59.6% in 2023. Owing to high adoption of cloud encryption solutions among enterprises, North America is currently dominating the global market.

How Increasing Cloud Adoption Is Boosting the Cloud Encryption Market?

Enterprises are adopting digital transformation to enhance the efficiency of operations. The pandemic came as a catalyst and prioritized the companies’ digital transformation journey, making cloud adoption a priority for organizations for improving productivity, growth, and sustainability.

Cloud adoption offers service models such as Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) that automate the business process, reduce IT overhead costs, help in scaling IT processes and improve overall flexibility of the business process.

The necessity to deploy security measures designed to safeguard cloud-based infrastructure, applications, and data from DDoS attacks, hackers, malwares, and unauthorized user access is propelling the adoption of encryption tools.

By investing in powerful encryption, companies are gaining operational safety and data security that complies with regulations. With growing demand for cloud encryption software and services, the market is expected to expand at a considerable pace over the assessment period.

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Sudip Saha

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Will The Introduction Of Fully Homomorphic Encryption Scheme For Cloud Security Fuel Demand?

Cloud storage security is one of the most important issues in cloud computing. Companies using cloud computing for various business processes undergo challenges regarding the protection these systems against cyber-attacks.

These companies use standard encryption methods to secure their processes by encrypting data before storing it to the cloud. The encrypted data needs to be decrypted at every operation by providing private keys to server before executing the required calculations. This affects the confidentiality of data stored in the cloud storage.

Homomorphic encryption is the new security concept capable of performing operations on encrypted data without decrypting the data, which means data processing can be outsourced to a third party without relying on it to keep the data secure. The original data cannot be accessed without the correct decryption key.

The fact that it uses an algebraic system to let users to do a range of computations (or operations) on the encrypted data sets makes it distinct from other types of encryption. It allows to preserve confidentiality of sensible data and to benefit from cloud computing capabilities.

Country-Wise Insights

Why is Demand for Cloud Encryption Increasing in the USA?

Organizations in the USA are Adopting Encrypted Cloud Backup Services

Demand for cloud encryption in the USA is expected to account for nearly 71.5% of the North America market share by 2033. Rising adoption of cloud-based solutions in the USA as they are in the process of shifting from on-premise solutions to cloud-based platforms will fuel growth in the market.

Also, cyber-attacks such as ransomware attacks, DDoS attacks and data breaches are increasing in the USA. Thus, changes and significant investments in cloud security will drive sales of cloud encryption techniques in the country.

How Big is the Opportunity for the Adoption of Cloud Encryption in Indonesia?

Surging Demand for Encrypted Personal Cloud Storage in Indonesia Will Fuel Growth

Sales in Indonesia are estimated to grow at an impressive rate of around 43.2% CAGR between 2023 and 2033. Indonesia is adopting digital technologies to automate and streamline businesses with a clear vision to achieve scalability, security, and agile frameworks in the country.

The pandemic has propelled the demand for hybrid cloud solutions in Indonesia as local enterprises shifted to remote work. With the expansion of Indonesia’s digital footprint, security remains one of the most important considerations among Indonesian businesses. With the growing need for cybersecurity, the demand for cloud encryption software and services are expected to increase in the country.

Countries BPS Change (H2'22 (O) - H2'22 (P))
Canada (+)35
France (+)33
Indonesia (+)32
Japan (+)31
China (+)29

The H2’22(O)-H2’22(P) BPS change in Canada was of (+)35 units attributed to the increasing adoption of cloud computing is one of the primary factors driving the growth of the cloud encryption market. As more and more organizations move their data and applications to the cloud, the need for secure data storage and transmission is becoming more important. Where as in France the rise in cyber threats and data breaches, organizations are increasingly concerned about the security of their data. Cloud encryption provides an added layer of protection for sensitive data stored in the cloud leading to the deviation of (+)33 units.

Many industries are subject to strict regulatory compliance requirements regarding the protection of sensitive data. Cloud encryption can help organizations meet these requirements and avoid costly fines for non-compliance resulting in China a BPS change of (+)29 units.

Indonesia encountered a BPS change of (+)32 units for the cloud encryption market as encryption technology has advanced significantly in recent years, making it easier and more cost-effective to implement cloud encryption solutions. This has made it more accessible for smaller organizations to implement cloud encryption.

Japan witnessed a BPS of (+)31 BPS units for the cloud encryption market as more organizations adopt cloud encryption, awareness of the benefits is increasing. Cloud encryption can help organizations protect their sensitive data, reduce the risk of data breaches, and improve overall data security.

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Category-Wise Insights

Why is the Demand for Cloud Encryption Services Increasing?

Rapid Adoption of Cloud Encryption Services Will Augment Growth

The cloud encryption service segment is expected to create an absolute $ opportunity of US$ 14.3 Billion by 2033. Businesses can focus on their core competencies by outsourcing cloud services to a third party, enhancing overall efficiency.

With the emergence of the Pay-As-You-Go (PAYG) model and improved flexibility, small and mid-sized organizations have emerged as the most potential cloud service consumers. Managed cloud encryption services help in laying a strong foundation for security in the cloud that is automated with 24/7 management.

Why Software as a Service (SaaS) Model is a Dominating the Market?

Applications of SaaS Service Models to Remain High

In terms of service model, the SaaS model segment accounted for around 46.3% of the total market share in the global cloud encryption market in 2023. In addition, this segment is likely to grow by 14.3X between 2023 & 2033. SaaS allows enterprises to use cloud-based web applications with a Pay-As-You-Go (PAYG) pricing model.

Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and other emerging technologies are powering SaaS offerings and adoption. Enterprises are benefitting from sophisticated SaaS solutions as they are cost-effective.

How Will the Demand from Small and Mid-Sized Enterprises (SMEs) Support Growth?

Sales of Cloud Encryption in SMEs Will Continue Gaining Momentum

Based on enterprise size, the small and mid-sized enterprises (SMEs) segment is likely to expand by 16.8X during the period. As SMEs have a limited budget for managing business operations and other activities, they are turning to cloud-based solutions to meet their growing business requirements.

As cyber threats are more frequent in SMEs, encryption solutions enhance the security levels of the company’s data by encrypting information and securing it from the reach of hackers. A cloud encryption solution can easily flex and scale to accommodate changing workloads.

How is the BFSI Industry Contributing to the Growth in the Market?

Demand for Cloud Encryption in the BFSI Sector Will Gain Traction

In 2023, the BFSI industry dominated the market with the highest share of around 24.2%. The BFSI sector has strong data security requirements as it deals with sensitive and private data of account holders. Banks have enhanced their cybersecurity infrastructure to detect cyber risk with increased investments in cloud encryption.

Cloud data encryption solutions help the BFSI sector by ensuring the security and confidentiality of customer records and information, protection against threats or hazards to the integrity of data, and prevention of unauthorized access. Also, an increase in digital payments is propelling the risk of cyberattacks, which is expected to fuel sales in this segment over the forecast period.

Competitive Landscape

Players in the cloud encryption market are focusing on a variety of strategies, including research and development and investments to support future technologies. In addition to this, players are pursuing inorganic growth strategies such as acquisitions and partnerships with other companies to develop their own cloud encryption to reduce the churn rate.

For instance:

  • In March 2022, IBM introduced the first cloud service in the industry to execute key management to assist businesses in protecting data across multiple clouds. This will help the enterprises to reduce the risk of cyber-attacks.

Scope of Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis US$ Billion for Value
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa
Key Countries Covered The USA, Canada, Germany, the United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa and South Africa
Key Segments Covered Component, Service Model, Enterprise Size, Industry and Region
Key Companies Profiled IBM; Sophos Group plc; Thales Group; Skyhigh Security; Microsoft; Netskope Inc; Lookout; Cisco Systems, Inc; Micro Focus International plc; Atos; Hitachi Solutions, Ltd; Hewlett Packard Enterprise; NortonLifeLock; Trend Micro; TWD Industries; Dell Technologies; WinMagic
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Cloud Encryption Outlook By Category

By Component:

  • Cloud Encryption Solution
  • Services
    • Professional Service
      • Support and Maintenance
      • Training and Education
      • Planning and Consulting
    • Managed services

By Service Model:

  • Infrastructure-as-a-Service (IaaS)
  • Software-as-a-Service (SaaS)
  • Platform-as-a-Service (PaaS)

By Enterprise Size:

  • Large Enterprises
  • Small and Mid-sized Enterprises (SMEs)

By Industry:

  • BFSI
  • Healthcare
  • IT & Telecom
  • Government
  • Aerospace and Defense
  • Retail
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

What is the 2023 market valuation?

The market will secure a valuation of US$ 3.1 billion in 2023.

What is the anticipated total market valuation by 2033?

The market will reach US$ 45.6 billion in 2033.

What is the CAGR of the market from 2023 to 2033?

The market will rise at a 30.8% CAGR from 2023 to 2033.

Which countries dominate the global market?

United States, United Kingdom, Japan, Germany and

What are the key trends driving the cloud encryption market?

Cloud adoption and homomorphic encryption for cloud security are likely to drive the market.

Table of Content
1. Executive Summary | Cloud Encryption Market
    1.1. Global Market Outlook
    1.2. Demand Side Trends
    1.3. Supply Side Trends
    1.4. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Key Market Trends
    3.1. Key Trends Impacting the Market
    3.2. Product Innovation / Development Trends
4. Pricing Analysis
    4.1. Pricing Analysis, By Cloud Encryption
    4.2. Average Pricing Analysis Benchmark
5. Global Market Demand (in Value in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
    5.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
    5.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
        5.2.1. Y-o-Y Growth Trend Analysis
        5.2.2. Absolute $ Opportunity Analysis
6. Market Background
    6.1. Macro-Economic Factors
    6.2. Forecast Factors - Relevance & Impact
    6.3. Value Chain
    6.4. COVID-19 Crisis – Impact Assessment
        6.4.1. Current Statistics
        6.4.2. Short-Mid-Long Term Outlook
        6.4.3. Likely Rebound
    6.5. Market Dynamics
        6.5.1. Drivers
        6.5.2. Restraints
        6.5.3. Opportunities
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
    7.1. Introduction / Key Findings
    7.2. Historical Market Size (US$ Million) Analysis By Component, 2018 to 2022
    7.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Component, 2023 to 2033
        7.3.1. Solution
        7.3.2. Services
            7.3.2.1. Professional Service
                7.3.2.1.1. Support and Maintenance
                7.3.2.1.2. Training and Education
                7.3.2.1.3. Planning and Consulting
            7.3.2.2. Managed services
    7.4. Market Attractiveness Analysis By Component
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service Model
    8.1. Introduction / Key Findings
    8.2. Historical Market Size (US$ Million) Analysis By Service Model, 2018 to 2022
    8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Service Model, 2023 to 2033
        8.3.1. Infrastructure-as-a-Service (IaaS)
        8.3.2. Software-as-a-Service (SaaS)
        8.3.3. Platform-as-a-Service (PaaS)
    8.4. Market Attractiveness Analysis By Service Model
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size
    9.1. Introduction / Key Findings
    9.2. Historical Market Size (US$ Million) Analysis By Enterprise Size, 2018 to 2022
    9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Enterprise Size, 2023 to 2033
        9.3.1. Large Enterprises
        9.3.2. Small and Mid-sized Enterprises (SMEs)
    9.4. Market Attractiveness Analysis By Enterprise Size
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry
    10.1. Introduction / Key Findings
    10.2. Historical Market Size (US$ Million) Analysis By Industry, 2018 to 2022
    10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Industry, 2023 to 2033
        10.3.1. BFSI
        10.3.2. Healthcare
        10.3.3. IT & Telecom
        10.3.4. Government
        10.3.5. Aerospace and Defense
        10.3.6. Retail
        10.3.7. Others
    10.4. Market Attractiveness Analysis By Industry
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
    11.1. Introduction / Key Findings
    11.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022
    11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Region, 2023 to 2033
        11.3.1. North America
        11.3.2. Latin America
        11.3.3. Europe
        11.3.4. East Asia
        11.3.5. South Asia Pacific
        11.3.6. Middle East and Africa
    11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
    12.1. Introduction
    12.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    12.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        12.3.1. By Component
        12.3.2. By Service Model
        12.3.3. By Enterprise Size
        12.3.4. By Industry
        12.3.5. By Country
            12.3.5.1. The USA
            12.3.5.2. Canada
    12.4. Market Attractiveness Analysis
        12.4.1. By Component
        12.4.2. By Service Model
        12.4.3. By Enterprise Size
        12.4.4. By Industry
        12.4.5. By Country
    12.5. Market Trends
    12.6. Key Market Participants - Intensity Mapping
13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
    13.1. Introduction
    13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    13.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        13.3.1. By Component
        13.3.2. By Service Model
        13.3.3. By Enterprise Size
        13.3.4. By Industry
        13.3.5. By Country
            13.3.5.1. Brazil
            13.3.5.2. Mexico
            13.3.5.3. Rest of Latin America
    13.4. Market Attractiveness Analysis
        13.4.1. By Component
        13.4.2. By Service Model
        13.4.3. By Enterprise Size
        13.4.4. By Industry
        13.4.5. By Country
14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
    14.1. Introduction
    14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    14.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        14.3.1. By Component
        14.3.2. By Service Model
        14.3.3. By Enterprise Size
        14.3.4. By Industry
        14.3.5. By Country
            14.3.5.1. Germany
            14.3.5.2. Italy
            14.3.5.3. France
            14.3.5.4. United Kingdom
            14.3.5.5. Spain
            14.3.5.6. BENELUX
            14.3.5.7. Russia
            14.3.5.8. Rest of Europe
    14.4. Market Attractiveness Analysis
        14.4.1. By Component
        14.4.2. By Service Model
        14.4.3. By Enterprise Size
        14.4.4. By Industry
        14.4.5. By Country
15. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
    15.1. Introduction
    15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    15.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        15.3.1. By Component
        15.3.2. By Service Model
        15.3.3. By Enterprise Size
        15.3.4. By Industry
        15.3.5. By Country
            15.3.5.1. India
            15.3.5.2. Indonesia
            15.3.5.3. Malaysia
            15.3.5.4. Singapore
            15.3.5.5. Australia & New Zealand
            15.3.5.6. Rest of South Asia and Pacific
    15.4. Market Attractiveness Analysis
        15.4.1. By Component
        15.4.2. By Service Model
        15.4.3. By Enterprise Size
        15.4.4. By Industry
        15.4.5. By Country
16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
    16.1. Introduction
    16.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    16.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        16.3.1. By Component
        16.3.2. By Service Model
        16.3.3. By Enterprise Size
        16.3.4. By Industry
        16.3.5. By Country
            16.3.5.1. China
            16.3.5.2. Japan
            16.3.5.3. South Korea
    16.4. Market Attractiveness Analysis
        16.4.1. By Component
        16.4.2. By Service Model
        16.4.3. By Enterprise Size
        16.4.4. By Industry
        16.4.5. By Country
17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
    17.1. Introduction
    17.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    17.3. Current and Future Market Size (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        17.3.1. By Component
        17.3.2. By Service Model
        17.3.3. By Enterprise Size
        17.3.4. By Industry
        17.3.5. By Country
            17.3.5.1. GCC Countries
            17.3.5.2. Turkey
            17.3.5.3. South Africa
            17.3.5.4. Rest of Middle East and Africa
    17.4. Market Attractiveness Analysis
        17.4.1. By Component
        17.4.2. By Service Model
        17.4.3. By Enterprise Size
        17.4.4. By Industry
        17.4.5. By Country
18. Key Countries Analysis- Market
    18.1. USA Market Analysis
        18.1.1. By Component
        18.1.2. By Service Model
        18.1.3. By Enterprise Size
        18.1.4. By Industry
    18.2. Canada Market Analysis
        18.2.1. By Component
        18.2.2. By Service Model
        18.2.3. By Enterprise Size
        18.2.4. By Industry
    18.3. Mexico Market Analysis
        18.3.1. By Component
        18.3.2. By Service Model
        18.3.3. By Enterprise Size
        18.3.4. By Industry
    18.4. Brazil Market Analysis
        18.4.1. By Component
        18.4.2. By Service Model
        18.4.3. By Enterprise Size
        18.4.4. By Industry
    18.5. Germany Market Analysis
        18.5.1. By Component
        18.5.2. By Service Model
        18.5.3. By Enterprise Size
        18.5.4. By Industry
    18.6. Italy Market Analysis
        18.6.1. By Component
        18.6.2. By Service Model
        18.6.3. By Enterprise Size
        18.6.4. By Industry
    18.7. France Market Analysis
        18.7.1. By Component
        18.7.2. By Service Model
        18.7.3. By Enterprise Size
        18.7.4. By Industry
    18.8. United Kingdom Market Analysis
        18.8.1. By Component
        18.8.2. By Service Model
        18.8.3. By Enterprise Size
        18.8.4. By Industry
    18.9. Spain Market Analysis
        18.9.1. By Component
        18.9.2. By Service Model
        18.9.3. By Enterprise Size
        18.9.4. By Industry
    18.10. BENELUX Market Analysis
        18.10.1. By Component
        18.10.2. By Service Model
        18.10.3. By Enterprise Size
        18.10.4. By Industry
    18.11. Russia Market Analysis
        18.11.1. By Component
        18.11.2. By Service Model
        18.11.3. By Enterprise Size
        18.11.4. By Industry
    18.12. Rest of Europe Market Analysis
        18.12.1. By Component
        18.12.2. By Service Model
        18.12.3. By Enterprise Size
        18.12.4. By Industry
    18.13. China Market Analysis
        18.13.1. By Component
        18.13.2. By Service Model
        18.13.3. By Enterprise Size
        18.13.4. By Industry
    18.14. Japan Market Analysis
        18.14.1. By Component
        18.14.2. By Service Model
        18.14.3. By Enterprise Size
        18.14.4. By Industry
    18.15. South Korea Market Analysis
        18.15.1. By Component
        18.15.2. By Service Model
        18.15.3. By Enterprise Size
        18.15.4. By Industry
    18.16. India Market Analysis
        18.16.1. By Component
        18.16.2. By Service Model
        18.16.3. By Enterprise Size
        18.16.4. By Industry
    18.17. Malaysia Market Analysis
        18.17.1. By Component
        18.17.2. By Service Model
        18.17.3. By Enterprise Size
        18.17.4. By Industry
    18.18. Indonesia Market Analysis
        18.18.1. By Component
        18.18.2. By Service Model
        18.18.3. By Enterprise Size
        18.18.4. By Industry
    18.19. Singapore Market Analysis
        18.19.1. By Component
        18.19.2. By Service Model
        18.19.3. By Enterprise Size
        18.19.4. By Industry
    18.20. Australia and New Zealand Market Analysis
        18.20.1. By Component
        18.20.2. By Service Model
        18.20.3. By Enterprise Size
        18.20.4. By Industry
    18.21. GCC Countries Market Analysis
        18.21.1. By Component
        18.21.2. By Service Model
        18.21.3. By Enterprise Size
        18.21.4. By Industry
    18.22. Turkey Market Analysis
        18.22.1. By Component
        18.22.2. By Service Model
        18.22.3. By Enterprise Size
        18.22.4. By Industry
    18.23. South Africa Market Analysis
        18.23.1. By Component
        18.23.2. By Service Model
        18.23.3. By Enterprise Size
        18.23.4. By Industry
    18.24. Rest of Middle East and Africa Market Analysis
        18.24.1. By Component
        18.24.2. By Service Model
        18.24.3. By Enterprise Size
        18.24.4. By Industry
19. Market Structure Analysis
    19.1. Market Analysis by Tier of Companies
    19.2. Market Share Analysis of Top Players
    19.3. Market Presence Analysis
20. Competition Analysis
    20.1. Competition Dashboard
    20.2. Competition Benchmarking
    20.3. Competition Deep Dive
        20.3.1. IBM
            20.3.1.1. Business Overview
            20.3.1.2. Solution Portfolio
            20.3.1.3. Profitability by Market Segments (Business Segments/Region)
            20.3.1.4. Key Strategy & Developments
        20.3.2. Sophos Group plc
            20.3.2.1. Business Overview
            20.3.2.2. Solution Portfolio
            20.3.2.3. Profitability by Market Segments (Business Segments/Region)
            20.3.2.4. Key Strategy & Developments
        20.3.3. Thales Group
            20.3.3.1. Business Overview
            20.3.3.2. Solution Portfolio
            20.3.3.3. Profitability by Market Segments (Business Segments/Region)
            20.3.3.4. Key Strategy & Developments
        20.3.4. Skyhigh Security
            20.3.4.1. Business Overview
            20.3.4.2. Solution Portfolio
            20.3.4.3. Profitability by Market Segments (Business Segments/Region)
            20.3.4.4. Key Strategy & Developments
        20.3.5. Microsoft
            20.3.5.1. Business Overview
            20.3.5.2. Solution Portfolio
            20.3.5.3. Profitability by Market Segments (Business Segments/Region)
            20.3.5.4. Key Strategy & Developments
        20.3.6. Netskope Inc
            20.3.6.1. Business Overview
            20.3.6.2. Solution Portfolio
            20.3.6.3. Profitability by Market Segments (Business Segments/Region)
            20.3.6.4. Key Strategy & Developments
        20.3.7. Lookout
            20.3.7.1. Business Overview
            20.3.7.2. Solution Portfolio
            20.3.7.3. Profitability by Market Segments (Business Segments/Region)
            20.3.7.4. Key Strategy & Developments
        20.3.8. Cisco Systems, Inc
            20.3.8.1. Business Overview
            20.3.8.2. Solution Portfolio
            20.3.8.3. Profitability by Market Segments (Business Segments/Region)
            20.3.8.4. Key Strategy & Developments
        20.3.9. Micro Focus International plc
            20.3.9.1. Business Overview
            20.3.9.2. Solution Portfolio
            20.3.9.3. Profitability by Market Segments (Business Segments/Region)
            20.3.9.4. Key Strategy & Developments
        20.3.10. Atos
            20.3.10.1. Business Overview
            20.3.10.2. Solution Portfolio
            20.3.10.3. Profitability by Market Segments (Business Segments/Region)
            20.3.10.4. Key Strategy & Developments
        20.3.11. Hitachi Solutions, Ltd
            20.3.11.1. Business Overview
            20.3.11.2. Solution Portfolio
            20.3.11.3. Profitability by Market Segments (Business Segments/Region)
            20.3.11.4. Key Strategy & Developments
        20.3.12. Hewlett Packard Enterprise
            20.3.12.1. Business Overview
            20.3.12.2. Solution Portfolio
            20.3.12.3. Profitability by Market Segments (Business Segments/Region)
            20.3.12.4. Key Strategy & Developments
        20.3.13. NortonLifeLock
            20.3.13.1. Business Overview
            20.3.13.2. Solution Portfolio
            20.3.13.3. Profitability by Market Segments (Business Segments/Region)
            20.3.13.4. Key Strategy & Developments
        20.3.14. Trend Micro
            20.3.14.1. Business Overview
            20.3.14.2. Solution Portfolio
            20.3.14.3. Profitability by Market Segments (Business Segments/Region)
            20.3.14.4. Key Strategy & Developments
        20.3.15. TWD Industries
            20.3.15.1. Business Overview
            20.3.15.2. Solution Portfolio
            20.3.15.3. Profitability by Market Segments (Business Segments/Region)
            20.3.15.4. Key Strategy & Developments
        20.3.16. Dell Technologies
            20.3.16.1. Business Overview
            20.3.16.2. Solution Portfolio
            20.3.16.3. Profitability by Market Segments (Business Segments/Region)
            20.3.16.4. Key Strategy & Developments
        20.3.17. WinMagic
            20.3.17.1. Business Overview
            20.3.17.2. Solution Portfolio
            20.3.17.3. Profitability by Market Segments (Business Segments/Region)
            20.3.17.4. Key Strategy & Developments
21. Assumptions and Acronyms Used
22. Research Methodology
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