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  • Cloud Security Market expected to reach USD 12.73 Billion by 2022

    (I-SoftwareNews.Com, February 12, 2020 ) 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.

    Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100018098

    The web and email security segment is expected to have the largest share in the cloud security market in 2017

    The web and email security segment is expected to have the largest market share and dominate the cloud security market from 2017 to 2022, as more and more companies are adopting cloud-based security services to secure their business infrastructures. The major factors responsible for the growth of web and email security segment are increased usage of cloud-based web and email applications in the organizations and the need to protect these applications from advanced threats, such as ransomwares, APTs, zero-day attacks, malwares, & unauthorized accesses.

    The retail vertical is expected to grow at the highest CAGR in the cloud security market

    The Banking, Financial Services, and Insurance (BFSI) vertical is expected to contribute to the largest market share in the cloud security market. The increasing digital identities in all size of organizations and the growing trends of BYOD and IoT result in a massive growth in advanced cyberattacks, thus creating the need for adopting cloud-based security services. The retail vertical is projected to grow at the highest CAGR from 2017 to 2022 in the cloud security market, because retail industries are continuously deploying cloud security services to protect customer-sensitive data and the digital identities associated with each customer stored on the cloud.

    North America is expected to contribute to the largest market share, whereas Asia-Pacific (APAC) is projected to grow at the highest CAGR
    North America is expected to have the largest market share and dominate the cloud security market from 2017 to 2022, due to the presence of a large number of cloud security vendors across this region. APAC, on the other hand, offers potential growth opportunities in the cloud security market, as there is a wide presence of small and medium enterprises in this region that is turning toward cloud security services to defend against APTs.

    The major vendors in the cloud security market include 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.).

    Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/cloud-security-market-100018098.html

    About MarketsandMarkets™

    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.

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    raviraj.tak@marketsandmarkets.com

    Source: EmailWire.Com

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