The global cloud security market will grow at a CAGR of 20% by 2020, owing to the rising incidences of cloud-specific attacks. This factor is fostering the need to provide a secure environment for both cloud providers and customers, leading to the adoption of cloud security solutions. Small and medium-size businesses are increasingly investing in IT products and services to improve their business processes. The adoption of these solutions also help reduce costs, improve service offerings, and enhance customer satisfaction, while requiring no licensing costs, limited hardware infrastructure, and provides an easier and faster implementation of IT solutions. Due to these factors, the size cloud security solutions market will increase by nearly USD 3.75 billion between 2016-2021.
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Cloud security market size is currently growing due to a rise in demand for cloud security solutions from small and medium-size businesses (SMBs). Other factors contributing to cloud security solutions market growth are the many benefits provided by cloud-based adoption such as improved service offerings, enhanced customer satisfaction, and reduced expenditure for companies as these solutions don’t require a dedicated internal IT team.
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The cloud e-mail security market is one of the major segments within the cloud security solutions market. Cloud e-mail security market growth is expected to flourish over the next few years due to a growing use of cloud-based e-mail services and increased willingness from users to reveal personal information. These factors have led to a sudden spike in the instances of attacks on the public and private cloud.
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Within our cloud security industry research, we provide deep insights into the cloud security market landscape, its segments, and their market share. Our cloud security market segmentation research offerings include:
We at Technavio, with our comprehensive understanding of the cloud security market, have been monitoring the latest industry trends and developments to create an in-depth portfolio of cloud security market reports. These reports help our clients identify opportunities within the cloud security market and develop effective strategies to optimize their market positions. Our cloud security market reports offer the following insights: