Data Security and Data Management: Attention for Cloud Security Solutions Garnered by Top Cloud Encryption Companies

Data encryption is a fundamental aspect of protecting an organization’s sensitive and crucial information. In the current day and age, cloud security systems have become a staple for running a corporation efficiently. Although many companies are oblivious and rely on traditional security solutions to safeguard their databases, pursuing this practice in the long run may lead to data loss. Cloud encryption services have garnered attention in recent years thanks to companies suffering from malware and phishing attacks.

With a mounting demand for security solutions from large corporations and SMEs, the previously exorbitant services are now economically viable, fitting a company’s budget without draining its funds. To exemplify, 68% of companies used cloud platforms to store sensitive data, 58% deployed more than one encryption technology for data protection, and 44% plan to install cloud encryption in the next two years, as reported by Encryption Consulting, 2023.

Fortune Business Insights projects the market for cloud encryption to reach new heights with growth prospects and anticipates hitting USD 34.63 billion in 2032, with a staggering CAGR of 30.7% over 2024 – 2032. The market was valued at USD 3.18 billion in 2023 and is estimated to be worth USD 4.07 billion in 2024.

Fortune Business Insights Unveils Top 10 Cloud Encryption Companies of the Market

1. IBM Corporation

IBM Corporation specializes in data encrypting solutions for organizations to safeguard their sensitive data. IBM Cloud Services data encryption solution uses BYOK and KYOK functions with the support of IBM Cloud Activity Tracker. The company implemented a course of action for product portfolio expansion in September 2023 by adding the IBM Cloud Security and Compliance Center to lower operational costs and secure data and privacy.

2. Sophos Group plc

Sophos Group plc is a developer of cybersecurity solutions and provides central enterprise solutions to administer business operations and customer relations. The company has a variegated product portfolio that assists customers in combating cyberattacks with MDR security solutions. Sophos Central Device Encryption allows secure file sharing, disk encryption, and several other security options to manage full disk encryption.

3. Thales

Thales is a renowned name for cloud encryption solutions for organizations. Their solutions assist in lowering security expenses and enhancing operational efficiency by presenting audit trails with details. Thales HSE Network Encryptors safeguard cloud connectivity and assure network security between two data centers. CipherTrust Data Security Platform-as-a-Service was introduced by Thales in June 2023 to eliminate hardware usage and push data security services and key management.

4. Netskope, Inc.

Netskope, Inc. is a U.S.-based firm that provides niche-targeting cybersecurity solutions to secure cloud networks of organizations. The company also helps to protect privacy and data. It assists companies in applying Zero Trust Principles to secure their database. Netskope, Inc. partnered with Orange Business Services to offer a novel SSE solution to safeguard Orange Telco cloud-smart platform.

5. Atos

The French information technology company offers high-performance computing, end-to-end solutions, cloud computing, and consulting. The company offers its services for cloud-enabled environments to protect the secure relocation of data to its desired place. Atos collaborated with DuoKey SA in October 2021 to unveil a groundbreaking encryption key function that will help to protect sensitive data in Microsoft Office 365.

6. Cisco Systems, Inc.

Cloud security giant Cisco Systems, Inc. provides adequate cloud security to organizations to ensure business operations function smoothly. The company supplies multiple solutions to safeguard the applications and data of cloud users. Cisco Umbrella’s CASB functionality enhances SaaS apps’ performance by up to 33% with better control, flexibility, and visibility. Cisco Systems, Inc. acquired Israel-based Lightspin to secure the company’s vital information across all environments with cutting-edge technologies.

7. Hitachi Vantara

Hitachi, Ltd’s, Hitachi Vantara is a provider of data management and multi-cloud acceleration solutions. The company’s Credeon Cloud Data Protection solutions aids in sharing data securely to authorized users via mobile applications of iPhones and Android Devices and works with Dropbox, SkyDrive, and other cloud storage services. Hitachi Vatntara expanded the HARC consulting services in December 2022 to solidify the end-to-end security of cloud application workload management.

8. Microsoft Corporation

Microsoft Corporation stores customer data in multiple encryptions for organizations with cloud services. The well-known Microsoft Azure supports different encryption models, including client and server encryption models, to protect data with high security and counter unauthorized access. To illustrate, Microsoft Corporation expanded its cloud logging flexibility and accessibility to secure customer’s data and protect cloud platforms with deeper insights.

9. Skyhigh Security

Skyhigh Security is a cloud-native SSE solution provider that allows companies to collaborate from any location and any device without sacrificing security. Email, cloud apps, and private apps can be protected with the Skyhigh Security CASB platform and also allow API integration to offer comprehensive data visibility. The company collaborated with Oracle Cloud Infrastructure in November 2023 to expand its POPs and deliver cloud security services.

10. Hewlett Packard Enterprise

One of the top cloud encryption companies; Hewlett Packard Enterprise offers compliance and security solutions for new-age enterprise infrastructure by countering cyber threats and delivering multiple encryption solutions. The company has several solutions in its product portfolio to cater to an organizations’ security requirements. Hewlett Packard Enterprises’ HP Atalla Cloud Encryption consists of a virtual appliance that automates, integrates, and assists in data encryption for files distributed in public, private, and hybrid clouds.

Is Cloud Encryption the Ultimate Reliable Security System Available?

The prospects for cloud encryption are promising, as digital devices constantly surround us, the need for these solutions will skyrocket. Payment gateways for every industry suffer blows from malware and phishing attacks, and safeguarding becomes a top priority for organizations, both large and small, which indirectly calls for the implementation of cloud security solutions. Azure, Google Cloud, and AWS have proven to be potent and build trust in cloud environments.

Top cloud encryption companies are taking several initiatives to channel funds to cloud encryption solutions for improved security. As data loss and data breaches destroy a company’s progress and security channels, installing highly encrypted security services becomes a pivotal factor in gaining an edge. With several solutions to choose from, such as Symantec, McAfee MVISION, and Thales Ciphertrust, among others, for the best security possible, cloud encryption solutions are here to stay in the fullness of time.