Cloud Security Market, Global Trend, Segmentation and Opportunities


Presentation Description

Increase in cyber-attacks, increase in the acceptance of BYOD, Internet of things, increasing demand for cloud services and government initiatives are the growth drivers of the global cloud security market. Internet of things is the connectivity of physical devices like vehicles, home appliances, smartphones and tablets with each other through a network to exchange data within them.


Presentation Transcript

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Security Market Global Trend Segmentation and Opportunities Forecast 2024 Industry Overview The adoption of cloud security has increased rapidly in past few years. The business organizations are observed to be deploying new applications in the form of cloud applications as they provide increased flexibility cost advantage. They are also considered to be much simpler for the use of IT teams to maintain and manage. Request for Free Sample Copy of this Research Report at The small and medium enterprises and large enterprises are continuously migrating their premises-based applications in cloud. The major concern faced by these organizations in migrating is the data security concern. The companies are required to protect their sensitive corporate data in the situations where they are not controlling the application infrastructures and endpoint devices of the company. Moreover there is increasing demand to implement solutions that helps in meeting the security and compliance requirements from cloud encryption to access controls of the organization. Additionally the demand for cloud security market is growing significantly globally.

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Rise in adoption of cloud-based security solutions is driving the demand for global cloud security market. While sharing the data with multiple numbers of organizations there is possibility of data being mishandled and misused. The organizations are securing their data to avoid risk and cloud security helps the companies in providing authentication access control for data stored and authorization in the cloud. The cloud security involves three main steps which the organizations are adopting in order to avoid their data from any breach. Confidentiality availability and integrity are the features of cloud security as it provides security to the client data. Market Segmentation 1 Insight by Deployment Type This segment is divided into three types:  Private  Public  Hybrid Public segment hold the largest share in the cloud security market globally. Public cloud is observing rampant demand from small and medium enterprises due to its lower costs. Furthermore it helps in providing reliability and scalability as it avails on-demand requirement of resources in order to meet the evolving needs of business enterprises. 2 Insight by Organization Size The market can be segmented into two types:  Large Enterprises  Medium and Small Enterprises Among the two the cloud security system market is witnessing extensive demand from small and medium enterprises. Since this system provides cost efficiencies to enterprise increasing scalability and helps the users in securely and easily accessing data. 3 Insight by Solution On the basis of solution the market is divided into four types:  Cloud E-Mail Security  Cloud IAM  Cloud DLP  Cloud IDS/IPS

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Of all the cloud IAM is anticipated to witness the fastest growth during the forecast period since it provides secure access of data to business enterprises since organizations proceed their services and share data through public cloud. 4 Insight by Application On the basis of application the market is divided into:  Education  Financial Services  Healthcare  IT Telecom  Media Entertainment  Government  Others Of all application financial services are expected to witness the fastest growth during the forecast period since cloud security helps the enterprises in enhancing and improving the experience of users. Explore more at Industry Dynamics 1 Growth Drivers Factors that have been acting as the driving factors for the growth of this industry are: i. Rise in adoption of cloud-based security solutions ii. Increase in cyber-attacks iii. Increase in the acceptance of BYOD iv. Internet of things 2 Challenges The major challenges faced by the key players in this industry are: i. DDoS attacks ii. Data breaches iii. Insecure access point iv. Notifications and alert Geographic Overview  Asia Pacific — Japan China India Australia South Korea and Rest of Asia- Pacific  North America — US and Canada  Europe — UK Germany France Italy Spain Russia and Rest of Europe  Latin America – Brazil Mexico and Rest of LATAM

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 Middle East and Africa – Saudi Arabia U.A.E. South Africa Nigeria and Rest of MEA Geographically North America is the largest market for cloud security since the region has several privacy concerns related to sharing of its confidential information. The use of cloud security is increasing in the government healthcare and manufacturing industries of the region. With the increasing adoption of smart phones the personal information of users are always at stake. Privacy is also a concern for the employees working on laptops and desktops as they want to access confidential information of the company for the business development. To combat such situation in the region the countries in this region are upgrading their technology and using cloud security as the major system for protecting their regions data. Asia-Pacific is expected to witness fastest growth in the market due to increasing adoption of bring your own devices BYOD IoT and smart cities initiative in the region. Competitive Insight The Key players operating in the global cloud security market are Cisco Systems CA Technologies Inc. CSC Trend Micro Inc. Intel Security Symantec Corporation IBM Corporation and Fortinet Inc. Source: VynZ Research

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