Encryption demand soars as 60% of business data kept on the cloud
The demand for cloud encryption is estimated to increase at a CAGR of 30.9% from 2022-2032. The market valuation is projected to increase by US$ 2.4 Bn by 2022 & US$ 34.8 Bn by 2032.
This is according to Future Markets Insight (FMI), which says organisations are investing in the modernisation of data storage strategy with the adoption of cloud technologies for digital transformation. This is expected to drive growth in the cloud encryption market.
The growing need to...
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