Cloud encryption is the process of transforming the customer’s data stored in the cloud environment into cipher text, which ensures only authorized people with the correct decryption key can access the data. Cloud encryption software can be applied to data at rest and data in transit. Companies across the globe are increasingly adopting the cloud technology. Organizations are categorically embracing diverse cloud environments, ranging from private and hybrid clouds to public cloud for the storage of enterprise data. However, the risks associated with content protection and data compliance continue to be the prime factors hindering cloud embracement across businesses. Moreover, computer hackers and the voluminous increase in the number of cyber-attacks have further increased data security concerns for organizations that have adopted cloud for data storage. Therefore, organizations are increasingly adopting cloud encryption software to safeguard sensitive information from data breaches and thefts, and to adhere to industry-specific compliances and standards. Cloud encryption software offers solutions and services that strengthen an organization’s security portfolio through strong encryption capabilities. ___________ 1. Micromarkets are the further segments and subsegments of the global cloud encryption market included in the report. 2. Core competencies of the companies are captured in terms of the key developments, key observations, and key strategies adopted by them to sustain their position in the market.