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Enterprise Requirement Fuel Surge in Demand for Cloud Storage


With practically every business in the world driven to remote work by the pandemic, there has been a substantial increase in the demand for both public and private cloud storage. 

While this enabled many of us to maximize the use of various innovative technologies and the ability to share data online, this has also led to increased incidences of online security breaches in the form of ransomware and malware attacks.

Consequently, many companies now implement cloud encryption solutions as a way of combating these issues and protecting any sensitive data.

According to analysts at Future Markets Insight (FMI), the demand for cloud encryption solutions is expected to grow at a rate of 30.9% throughout the current decade. The sector’s market valuation is also likely to hit $34.8 billion by 2032.

How Does Cloud Encryption Work?

In cloud encryption, plain text is converted into ciphers during the encoding process. These ciphers render the data unreadable by potential attackers, thus preventing any online attacks.

Cloud encryption also provides automated security and risk reduction, along with reduced complexity by way of continuous protection via built-in security measures.

How to Gain the Best Security for Big Data

Thanks to the increased amount of data being generated at any given time, big data analytics are also being adopted at the enterprise level. Big data analytics improve the way companies process and analyze the results of big data in order to deliver descriptive, predictive, and prescriptive results.

But the more widespread adoption of such analytics poses another issue: how do companies properly secure their big data? This question is relevant as the increasing amount of data saved to cloud servers tempts hackers who will try to access confidential material housed in organizational cloud servers via a number of decoding and decryption tools or techniques.

As one analyst puts it, enterprises now need to focus on making more substantial investments in cloud security, specifically via cloud encryption. This is mostly because encryption remains one of the best ways by which companies can comply with evolving privacy requirements. In this case, many online security experts agree that cloud encryption needs to be adopted at the enterprise level.

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