(IT-NEWSWIRE.COM, October 09, 2019 ) MarketsandMarkets forecasts the a new market research report “global cloud security market size is expected to grow from USD 4.09 billion in 2017 to USD 12.73 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 25.5% during the forecast period.
Cloud security refers to a broad set of policies, technologies, and services deployed to protect applications, data, & associated infrastructure through cloud. It comprises various security services such as cloud Identity and Access Management (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), & encryption. As most of the organizations are moving their businesses over the cloud, the risk of data breaches and cyberattacks is very high. Cloud-based security services help organizations to strengthen their entire business infrastructure by providing various security services. Cloud security vendors are developing advanced cloud security services to provide proactive and holistic security to critical business applications.
Browse 68 market data tables and 71 figures spread through 170 pages and in-depth TOC on "Cloud Security Market by Service Type (IAM, DLP, IDS/IPS, SIEM, and Encryption), Security Type, Service Model (IaaS, PaaS, and SaaS), Deployment Type (Public, Private, and Hybrid), Organization Size, Vertical, and Region - Global Forecast to 2022"
Software-as-a-Service (SaaS) service model in the cloud security market is expected to have the largest market size during the forecast period. The major reason for the high adoption of SaaS among the service models is the increased usage of the cloud-based applications by cloud service providers. However, these SaaS applications might contain malicious activities, which may cause significant data loss. The cloud-based security services help minimize the loss of data through control and regular monitoring of cloud-based applications and cloud services.
The cloud security market by security type includes application security, database security, endpoint security, network security, and web & email security. The application security segment is expected to grow at the highest CAGR during the forecast period. As the organizations are moving their critical business infrastructures over the cloud, it is becoming essential for them to protect their sensitive data from the increased number of security breaches. Hence, the demand for cloud security services for data application security is expected to increase.
Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100018098
The retail vertical is expected to grow at the highest CAGR during the forecast period as retailers are continuously transforming their businesses for better eCommerce shopping experience and to improve their business operations. To protect the customer’s sensitive data that is stored on the cloud, various security vendors are developing advanced cloud security services that deliver highly secure and flexible security services for the retailers.
The cloud security market is expecting a rapid growth in various regions across the globe. Asia-Pacific (APAC) is projected to grow at the highest CAGR during the forecast period, as the organizations in this region are deploying cloud-based security services to defend against advanced cyberattacks and security breaches. North America is expected to contribute to the largest market share in the overall cloud security market.
Globally, the adoption of cloud security services is rising due to the increasing demand of cloud computing and the high adoption of Bring Your Own Device (BYOD) and Internet of Things (IoT) trends. As the sophistication level in cyberattacks is increasing, cloud security vendors are trying to develop better platforms to provide a proactive and holistic security to business-critical applications. Trend Micro, Inc. (Tokyo, Japan), Intel Security (California, U.S.), Symantec Corporation (California, U.S.), IBM Corporation (New York, U.S.), Cisco systems (California, U.S.), CA Technologies, Inc. (New York, U.S.), CSC (Virginia, U.S.), and Fortinet, Inc. (California, U.S.) are the key vendors offering cloud security services across the globe.
For More Information do visit @ https://www.marketsandmarkets.com/Market-Reports/cloud-security-market-100018098.html
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
MnM Blog: https://mnmblog.org/
Visit Our Website: https://www.marketsandmarkets.com
Mr. Shelly Singh