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Cloud Security Market to Touch New Height USD 12.73 billion By 2022
Cloud Security Market to Touch New Height USD 12.73 billion By 2022
The report on the global Cloud Security market covers Industry Size, market valuation by segmentation as well as region, historical trends, dynamics, country-level analysis for every segment, key Vendor’s share analysis, competitive landscape and supply chain analysis.

Cloudsecurity refers to a broad set of policies, technologies, and services,deployed to protect applications, data, and associated infrastructure throughcloud. It comprises various security services, such as cloud Identity andAccess Management (IAM), Data Loss Prevention (DLP), cloud Intrusion DetectionSystem (IDS)/Intrusion Prevention System (IPS), Security Information and EventManagement (SIEM), encryption, and others (disaster recovery and firewall) thatprovide a complete security for public, private, and hybrid deployment types.

MajorKey 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.).

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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. MarketsandMarkets forecasts that 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%. Thesophistication level in the cyberattacks is increasing and creating demands formore comprehensive cloud security services that would enable the protection ofcomplex network infrastructures.

Asmore and more processes shifts to the cloud, it becomes complex to handlevarious processes such as intrusion detection and prevention, endpointsecurity, and identity management. To solve all these issues, companies nowprefer cloud-based security services. Both enterprises and Small and Mediumsize Business (SMBs) are rapidly adopting these services. The prime reason forthis acceptance is the lower administration overhead and improved data securityservices. As the companies are growing the number of employees, data,investment and their global presence is also expanding, which has acceleratedthe security threats. To secure these private networks companies requireadvanced managed security services and IAM/IDaaS services, and need to fulfillthe advanced regulatory compliances. Cloud-based security services not onlymanage the identity and access issues but also help the companies meet theregulatory compliances.

Allthese factors are driving the cloud-based security services market. The totalcloud security market is expected to grow from $4.2 billion in 2014 to $8.71billion in 2019,at an estimated Compound Annual Growth Rate (CAGR) of 15.7%during the forecast period 2014-2019.It is anticipated that the IAM/IDaaS willbe the largest market segment followed by the email security and web security(WAF) services.

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