Cloud Security Market with Highest growth in the near future by leading key players
Security
Market – Overview
The global Cloud
Security Market is
demonstrating an exponential growth rate currently. Market Research Future, a
firm which specializes in market reports related to the semiconductor &
electronics technology sector among others, published in its recent report on
Global Cloud Security Market Research Report- Forecast to 2022 that market is
expected to grow from USD 5 Billion in 2016 to USD 13 billion by 2022, at an
estimated CAGR of 17%. Cloud security broadly encompasses the technologies and
policies deployed to provide protection to apps, data and cloud computing
related infrastructure that are important contributors to demand of this
sector.
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Since many businesses and personal users
have moved to cloud computing to harness the benefits of remote working and
other related features the market size has grown significantly. Positive shift
in attitude towards implementation of cloud computing also has been a positive
indicator for the growth of the global cloud security market. Cloud security is
more effective than those employed for local storage and this is one of the
main factors for the increased demand levels for the global cloud security
market. Upsurge in internet of things concept which has spread in popularity in
various segments has been one of the pivotal factors that is advancing the
global cloud security market. Increase in demand for cloud computing has also
favorably contributed to the growth of the sector.
Security breaches in cloud computing have
prompted increased development in R&D and growth of diverse products to
suit several requirements. Demand for this sector is heavily derived from
government agencies, ecommerce, healthcare industries etc. as their functions
gradually move on to cloud computing. BYOD devices are also steadily providing
the required push to the growth of the market.
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Latest
Industry News:
Dec 2017
Astellas Pharma Inc. have selected Verizon Enterprise Solutions’ Secure
Cloud Interconnect solution to securely connect to and manage its Amazon
Web Services (AWS) deployments. Secure Cloud Interconnect will enhance the centralised
governance of Astellas’ IT systems, providing secure, reliable access to its
various cloud-hosted global applications, while also giving Astellas the
flexibility to quickly expand its overall cloud deployment to support future
growth.
Nov 2017 Amazon Web
Services, Inc. (AWS), an Amazon.com company announced that Symantec has chosen
AWS as its strategic infrastructure provider for the vast majority of its cloud
workloads, leveraging AWS’s infrastructure scale and maturity to deliver cloud
security to its global customers.
Nov 2017
McAfee has acquired Skyhigh Networks, a specialist in cloud security.
The deal is a sign of the ongoing trend for consolidation in the security
industry, where smaller players are coming together under larger businesses to
provide more security services under one roof. McAfee will provide global
scale to further accelerate Skyhigh’s growth, with the combined company
providing leading technologies and solutions across cloud and endpoint
security.
Dec 2017 Intertek, a
leading Total Quality Assurance provider to industries worldwide, has acquired
Acumen Security, LLC (Acumen) a US-based provider of security certification and
assurance services. As a trusted partner to many of the world’s leading IT
solutions providers, Acumen will complement and enhance Intertek’s current
offering of cyber security and Internet of Things (IoT) services for a variety
of products.
Nov 2017 As a part of
an all-cash exchange, cloud-security and firewall company Barracuda, announced
recently that it had agreed to be acquired by private-equity firm Thoma Bravo,
LLC for a total of $1.6 billion. The deal is expected to be finalized by Feb.
28, 2018.
Global
Cloud Security Market - Competitive Analysis
With the entry of new industry players in
the global cloud security segment, a trend of solid, volume-driven growth has
been observed in the market with the addition of new and advanced products.
Companies are aiming to capture & solidify their share of the market
segment, by competing and experimenting with various advantage points. The best
long-term growth opportunities for this sector can be captured by ensuring
ongoing process improvements and financial flexibility to invest in the optimal
strategies.
The prominent players in the market of
Cloud security market are Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.),
Symantec Corporation (U.S.), Trend Micro Inc. (Japan), CA Technologies, Inc.
(U.S.). Some of the other prominent players are Microsoft Corporation (U.S.),
Okta, Inc. (U.S.), Cloud Passage Company (U.S.), Intel Corporation (U.S.) and
Fortinet, Inc. (U.S.) among others.
Global
Cloud Security Market – Segments
The Global Cloud
Security Market has been segmented on the basis of deployment, types, end users
and application.
On The Basis Of
Deployment: Public, Private and Hybrid among others.
On The Basis Of Types: Virtualization
Security, Network Security, Cloud Database Security, E-Mail & Web Security
and Data Loss Prevention among others.
On The Basis Of Industry: Small and Medium
Enterprises and Large Enterprises among others.
On The Basis Of End Users: Retail,
Healthcare, IT & Telecom, BFSI and Government Utility among others.
On The Basis Of Region: North America,
Europe, Asia Pacific and ROW.
Global Cloud Security Market - Regional
Analysis
The global cloud security market is
segmented into North America, Europe, APAC, and Rest of the World
(RoW). Regionally, North America is expected to dominate the cloud
security market with the existence of large organizations that possess very
huge database. The need of safety & security solutions to secure the huge
existing database of the organizations is contributing to the growth of cloud
security market in the region. The European region has highly developed network
infrastructure. The growing healthcare industry in the region is demanding for
security over cloud technology thereby driving the cloud security market. The
Asia pacific region is promoting the concept of bring your own device to the
company premises which is increasing the threat of cyber-attacks for data
on-cloud., To save the corporate data from unauthorized access and treats of
cyber-attacks more and more companies are establishing the cloud security
systems.
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