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.

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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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