The cloud security market is expected to grow at a CAGR of +14% The easy integration of cloud application security solutions with existing organization security infrastructure, strong regulatory and compliance requirements, and increased security breaches targeting enterprise-critical cloud applications are said to be the main levers in the application security market cloud.
The cloud application security market is fragmented by the component (solutions and services), organization size, vertical industry, and region. Cloud application security solutions include the cloud application database, risk assessment, application management, DLP, IAM, encryption, tokenization, malware detection and protection, cloud management and analysis, and anomaly detection.
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Cisco Systems (US), Fortinet (US), Microsoft (US), Oracle (US), Palo Alto Networks (US), Proofpoint (US), Symantec (US), Bitglass (US), CensorNet (UK), CipherCloud (US), Netskope (US), Skyhigh Networks (US)
Various professional services include support services, education and training services and consulting services.
The market solutions segment is expected to have the largest market size during the forecast period. The market for the services sector is expected to grow, as individuals, small and medium-sized enterprises (SMEs) and big companies are concerned about securing cloud applications.
The SME sector is expected to grow to a higher CAGR over the forecasting period, due to the increasing frequency of data violations in enterprise cloud applications, as well as an increase in the level of cybercrime specialization. However, the large business segment is estimated to account for a larger share of the cloud application security market in 2017.
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Large companies were the first adopters of cloud application security solutions, as they use a large number of cloud-based applications.
Cloud application security solutions have been developed in various vertical areas, such as Banking, Financial Services and Insurance (BFSI). government and defense. IT and telecommunications. health care and life sciences; and construction. retailing; and others (education and media and entertainment). The vertical IT and telecommunications industry is expected to follow the highest CAGR during the forecasting period. However, the vertical BFSI is estimated to have the largest market size in 2017.
This market intelligence report is a comprehensive analysis of the situation of Cloud Application Security Service market. A detailed investigation of the past progress, present market scenario, and future prospects has been offered in the report. It also gives accurate data of the main strategies, market share, and products of the leading companies in this market sector. In this report you will also find additional deals into key geographical segments of Cloud Application Security Service market and delivers details about their current and former share. Ongoing trends, upcoming challenges, future better regional investments and many other have been mentioned with meticulous research done.
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