Report

Encryption Consulting Study on Global Encryption Trends – 2024

Compare your organization’s encryption strategy with the global firm’s trend and understand the data protection strategies across multi-dimensional platform analysis.

Hear from over 5,233 experts across multiple industry sectors in various countries, including the United States, the Middle East, Spain, Germany, Japan, Hong Kong, Mexico, the United Kingdom, South Korea, and Taiwan as major targets.

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Encryption Consulting Study on Global Encryption Trends – 2024

Survey Trend Analysis

This year’s survey projected better awareness of encryption among firms and their plan to adopt encryption as a core data protection technology. An interesting finding is the increasing focus on AI and post-quantum cryptography in the organization’s data protection strategy.

48%

of respondents are confident about augmenting their budgetary provisions for encryption in the fiscal year spanning FY23-24.

53%

of the respondents favor the transition to quantum-resistant cryptography with careful planning and integration.

69%

of respondents favor the approach of HSMs, entrusting a dedicated team with securing and overseeing these critical functions.

70%

of respondents indicate their organization’s intent to leverage Generative AI (GenAI) for cyber defense.

62%

of respondents mentioned that “Data Discovery” is the major barrier to encryption adoption.

53%

of the firms store >60% of their sensitive data in Cloud platforms and protect it using encryption.

Key Focus Points

  • Encryption Strategy Adoption
  • High-Level Trend Analysis
  • Future Encryption Trends
  • Deployment Options
  • Key Drivers for Encryption
  • Barriers to Adoption
  • Top Priority Encryption Features and Data Types
  • Key Management Analysis
  • High-Level View on HSMs
  • Cloud Encryption
  • Generative AI in Cybersecurity
  • Post Quantum Cryptography

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