The global cloud security market is expected to reach USD 13.93 billion by 2024, according to a new report by Grand View Research, Inc. The cloud infrastructure has witnessed a significant growth in recent years and its popularity can be attributed to the on-demand services, scalability and flexibility, and the cost effective solutions it offers to organizations. In addition to the tussle between public and private cloud the emergence of hybrid cloud has given cloud users numerous different platforms and frameworks to choose from. As the adoption of cloud reaches new levels, the security issues concerning cloud users and vendors have come to the forefront.
Increasing threats to data and information stored on the cloud, emphasized by the data breaches of recent years are anticipated to create a greater demand for the cloud security solutions. The industry is also expected to see greater efforts at creation of regulations and compliance laws as the need for an industry-wide standard is eminent. The demand for security services and policy implementation is also expected to increase driving the overall cloud security market.
The dynamic nature of industry may result in increasing adoption of open source platforms, whereas the versatility of data and diverse threat vectors will lead to security-as-a-service offering gaining traction among the vendors as well as the users. The sharing of responsibility between Cloud Service Providers (CSPs) and cloud users for protecting the data will impact the security landscape positively. In addition, technologies such as virtualization, convergence and hybrid cloud are predicted to help in implementing security at different levels of cloud infrastructure.
The increasing sophistication of the hacking techniques and the technological advancement in malicious software is expected to unleash new generation of attacks such as advanced persistent threats (APTs), ransomware, malicious insider, distributed denial of service (DDoS) and zero day threats among others. With growing threats and malicious hackers, industry wide collaborations and partnerships to tackle emerging threats may pave the way for future industry developments.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/cloud-security-market
Further key findings from the report suggest:
·
As an increasing number of organizations adopt
cloud cyber-attacks and data breaches have increased dramatically with highly
sophisticated attacks targeted at confidential data. Last two years have seen
many high level data breaches such as the attack on Ashley Madison, Home Depot,
Anthem and even some security providers such as Kaspersky Labs.
·
Cloud computing has been erasing traditional
geographic boundaries with its world wide spread but the changing cloud
regulations and government roles may complicate the market. While some
countries such as Germany are opting for greater data privacy, other countries
are striving for greater visibility in the internet traffic (such as U.S. and
France).
·
The cloud security is also affected by industry
specific regulations such as Health Insurance Portability and Accountability
Act of 1996 (HIPPA) for healthcare, Payment Card Industry Data Security
Standard (PCI DSS) for financial sector as well as international laws like Safe
Harbor Act and European Union Data Protection Directive.
·
CA Technologies Inc., Cisco Systems, Fortinet
Inc., IBM Corp., Intel Corp., TrendMicro, VMware and Symantec Corp. some of the
major industry players in this domain. Other key vendors include BMC Software,
Bitium Inc., CloudPassage, Netskope, SkyHigh Networks Inc., Snoopwall Inc.,
Sophos, and Whitehat Virtual Technologies.
·
Key industry players such as CA Technologies,
TrendMicro, Symantec Corp., Intel Corp. and IBM Corp. use technological
alliances, partnerships and collaborations with other industry players to
maintain market competencies.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global cloud security market on the basis of application, company size, solution, deployment and region:
Application Outlook (Revenue, USD Million; 2014 - 2024)
·
Financial Services
·
IT and telecom
·
Government
·
Education
·
Healthcare
·
Media and entertainment
·
Others
Company Size Outlook (Revenue, USD Million; 2014 - 2024)
·
Small and Medium Enterprises
·
Large Enterprises
Solution Outlook (Revenue, USD Million; 2014 - 2024)
·
Cloud IAM
·
Cloud Email Security
·
Cloud IDS/IPS
·
Cloud DLP
Deployment Outlook (Revenue, USD Million; 2014 - 2024)
·
Public
·
Private
·
Hybrid
Regional Outlook (Revenue, USD Million; 2014 - 2024)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East & Africa (MEA)
No comments:
Post a Comment