The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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"Global Cloud Security Market" accounted for USD 4.1billion in 2016 growing at a CAGR of 24.6% during the forecast period of 2017 to 2024.
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Global Cloud security Market By Geography, Service Type (IAM, DLP, IDS/IPS, SIEM, Encryption), Security Type, Service Model (IaaS, PaaS, SaaS), Deployment Type (Public, Private, Hybrid), Organization Size (Small & Medium Enterprises, Large Enterprises), Application (Financial Services, IT & Telecom, Government, Education, Healthcare, Media & Entertainment)- Industry Trends and Forecast to 2024
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The cloud security helps the organizations to protect their networks, applications, data and end points from various attacks such as cybercriminals, ransomwares and other threats. The cloud security is one of the fast growing services in the market providing similar functionalities as traditional IT security including protecting the critical data from outside theft and leakage.
The major factors fuelling the growth of this market are increasing demand of cloud based services, government initiatives and entrance of new players in the market.
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Major Market Drivers and Restraints:
Rise In Adoption Of Cloud-Based Security Services
Growing Government Initiatives
Growing Demand For Cloud Computing
Growing Consolidation, Mergers And Acquisitions
Increasing Threats To Data
The global cloud security market is segmented on the basis of services into IAM (Identity and Access Management), DLP (Data Loss Prevention), IDS/IPS (Intrusion Detection System/ Intrusion Prevention System), SIEM (Security Information and Event Management) and Encryption.
On the basis of service model, the market is segmented into IaaS (Infrastructure as a Service), PaaS (Platform as a service) and SaaS (Software as a service).
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On the basis of deployment type, the market is segmented into public, private, and hybrid.
By organization size, the market is segmented into small & medium enterprises, and large enterprises.
By application, the market is segmented into financial services, IT & telecom, government, education, healthcare, media & entertainment and others.
The report for global cloud securitymarket include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
The report also measures technology life line curve and market time line to analyze and do more affective investments.
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Major Market Competitors:
Some of the major players of the global cloud security market are IBM , Cisco Systems, Intel Corporation, Trend Micro Incorporated, CA, Symantec Corporation, Fortinet, Inc., Zscaler, Inc., Akamai Technologies, Hewlett Packard Enterprise Development LP , AlienVault, Inc. , FUJITSU, Forcepoint, Dome9 Security Ltd., SKYHIGH NETWORKS, McAfee, LLC among others.
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