Cloud Encryption Market to be Worth $30.2 Billion by 2031

The growth of this market is attributed to the increasing importance of cloud security solutions in the BFSI sector, the rising adoption of technologies such as AI, ML, and IoT, and the growing government initiatives supporting cloud adoption. Moreover, the increasing need for cloud security solutions among SMEs and the rising adoption of BYOD devices are expected to offer growth opportunities for the players operating in this market.