Cloud encryption technology is a service provided by the cloud storage providers which consist of an encryption algorithm through which the data is transformed and stored in the storage cloud. Cloud encryption is somewhat different than the in-house encryption technology, in this, the customer has to learn about the provider’s policies and encryption management. The encryption capabilities of the service provider should be in a match with the type of data to be encrypted so as to provide better services to the customers. However, in order to meet the demand for effective data encryption, numerous players are offering advanced software to provide encryption to the entire data of the customers across the globe. It has a wide range of applications in numerous sectors, thereby creating opportunities for growth in the near future.