Accordingto a new market research report "Cloud Security Market by Service Type (IAM, DLP, IDS/IPS, SIEM, and Encryption),Security Type, Service Model (IaaS, PaaS, and SaaS), Deployment Type (Public,Private, and Hybrid), Organization Size, Vertical, and Region - Global Forecastto 2022", published by MarketsandMarkets™, The cloudsecurity market size is expected to grow from USD 4.09 Billion in 2017 to USD12.73 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 25.5%.
Cloudsecurity refers to a broad set of policies, technologies, and services deployedto protect applications, data, & associated infrastructure through cloud.It comprises various security services, such as cloud Identity and AccessManagement (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System(IDS)/ Intrusion Prevention System (IPS), Security Information and Event Management(SIEM), & encryption.
Browse68 market data tables and 71 figures spread through 170 pages and in-depth TOCon "Cloud SecurityMarket by Service Type (IAM, DLP, IDS/IPS, SIEM, and Encryption),Security Type, Service Model (IaaS, PaaS, and SaaS), Deployment Type (Public,Private, and Hybrid), Organization Size, Vertical, and Region - Global Forecastto 2022"
Major Key Players
Themajor 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.), CATechnologies, Inc. (New York, U.S.), CSC (Virginia, U.S.), and Fortinet, Inc.(California, U.S.).
Cloudsecurity refers to a broad set of policies, technologies, and services deployedto protect applications, data, & associated infrastructure through cloud.It comprises various security services such as cloud Identity and AccessManagement (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System(IDS)/ Intrusion Prevention System (IPS), Security Information and EventManagement (SIEM), & encryption. As most of the organizations are movingtheir businesses over the cloud, the risk of data breaches and cyberattacks isvery high. Cloud-based security services help organizations to strengthen theirentire business infrastructure by providing various security services. Cloudsecurity vendors are developing advanced cloud security services to provideproactive and holistic security to critical business applications.
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Software-as-a-Service(SaaS) service model in the cloud security market is expected to have thelargest market size during the forecast period. The major reason for the highadoption of SaaS among the service models is the increased usage of thecloud-based applications by cloud service providers. However, these SaaSapplications might contain malicious activities, which may cause significantdata loss. The cloud-based security services help minimize the loss of datathrough control and regular monitoring of cloud-based applications and cloudservices.
Thecloud security market by security type includes application security, databasesecurity, endpoint security, network security, and web & email security.The application security segment is expected to grow at the highest CAGR duringthe forecast period. As the organizations are moving their critical businessinfrastructures over the cloud, it is becoming essential for them to protecttheir sensitive data from the increased number of security breaches. Hence, thedemand for cloud security services for data application security is expected toincrease.
Theretail vertical is expected to grow at the highest CAGR during the forecastperiod as retailers are continuously transforming their businesses for bettereCommerce shopping experience and to improve their business operations. Toprotect the customer’s sensitive data that is stored on the cloud, varioussecurity vendors are developing advanced cloud security services that deliverhighly secure and flexible security services for the retailers.
Thecloud security market is expecting a rapid growth in various regions across theglobe. Asia-Pacific (APAC) is projected to grow at the highest CAGR during theforecast period, as the organizations in this region are deploying cloud-basedsecurity services to defend against advanced cyberattacks and securitybreaches. North America is expected to contribute to the largest market sharein the overall cloud security market.
Globally,the adoption of cloud security services is rising due to the increasing demandof cloud computing and the high adoption of Bring Your Own Device (BYOD) andInternet of Things (IoT) trends. As the sophistication level in cyberattacks isincreasing, cloud security vendors are trying to develop better platforms toprovide a proactive and holistic security to business-critical applications.
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