Cloud Security Global Market – Overview
Cloud security refers to broad set of policies and technologies that are deployed to provide security to the organizational data and manage it efficiently. Cloud security market helps to prevent several kinds of cyber-attacks and protects the data in case of any breach happens. Cloud Security Market also helps in the maintenance and keeping the data confidential and prevent the unauthorized access to the employees as well as other external stakeholders. Rapid changes in technology and increasing amount of digital content by the industrial sectors needs to be protected and as the deployment of manual security is becoming efficient, companies are opting for cloud solutions which helps to manage huge amount of data without any restriction. The data uploaded by the companies are confidential in nature and any breach and theft may lead to loss of billions of dollars. To overcome from these problems, cloud security or cloud computing security comes into picture where with the help of policies and new technologies, companies defines and provides access to the required people only.
One of the major driving factor behind the growth of cloud security market is increasing cyber security threats. Also, various other factors such as increasing dependency of the industries on cloud computing and rise in employee mobility is also expected to drive the market growth in the coming years. Concept such as BYOD is also one of the factors behind the growth of cloud security market.
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Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Symantec Corporation (U.S.), Trend Micro Inc. (Japan), CA Technologies, Inc. (U.S.), Microsoft Corporation (U.S.), Okta, Inc. (U.S.), Cloud Passage Company (U.S.), Intel Corporation(U.S.) and Fortinet, Inc. (U.S.) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Cloud Security market.
The Global Cloud Security Market has been segmented on the basis of deployment, types, end users and application. The deployment can be segmented as public, private and hybrid among others. Types include virtualization security, network security, cloud database security, e-mail & web security and data loss prevention among others. Industry includes small and medium enterprises and large enterprises among others. End users comprises of retail, healthcare, IT & telecom, BFSI and government utility among others.
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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- Government agencies
- Cloud service providers
- Third party vendors
- System integrators
- Cloud facilitators
- End users
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