A fresh market intelligence study by Transparency Market Research (TMR) reveals the global cloud encryption market to be largely consolidated with the dominance of a few well-entrenched players that hold the key market share. The leading players, namely CipherCloud Inc., Hytrust Inc., Gemalto NV, IBM Corporation, Netskope Inc., Secomba GmbH, Skyhigh Networks, Sophos Group Plc., Symantec Corporation, and Thales e-Security Inc., are engaged in technological innovations that will help them gain competitive advantage in a bid to strengthen their foothold. For example, in September 2017, SonicWall Inc. released a range of advanced cloud security products such as SonicWall Cloud Analytics application for automated breach detection and deep security data analysis. Savvy players are also vying to expand into untapped markets such as emerging economies of Asia Pacific that are increasingly adopting cloud solutions. In particular, healthcare and BFSI sectors display substantial demand for clou...