Cloud Security Market Analysis - Market Size, Market Forecasts, & Trends
Cloud Security Market Overview
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.
Cloud Security Market Insights
- By end-user, the BFSI sector is the largest segment, accounting for 24% of the cloud security solutions market share. This segment contains a huge amount of confidential data, which makes the segment a prime target for hackers and cybercriminals.
- The emergence of IDaaS, a rise in demand for vulnerability management and compliance, increasing partnerships between cloud service and traditional security solutions providers, and the growth of the mobile workforce are the major emerging trends expected to gain traction in the market by 2021.
- Geographically, the Americas dominated the market, accounting for more than 51% of the market share in 2015. This region was the early adopters of cloud security solutions due to the availability of adequate IT and business infrastructure, however, the region's market share is expected to decline by the end of 2020, due to market saturation.
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Cloud Security Market Segmentation Analysis
Cloud Security Solutions Market
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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Cloud E-mail Security Market
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:
- Cloud Identity and Access Management Market (IAM)
- User provision service market
- Multi-factor authentication service market
- Single sign-on service market
- Directory services service market
- Access management service market
- Password management service market
- Governance and audit compliance management service market
- Data Loss Prevention Market (DLP)
- Storage/Data Center DLP market
- Endpoint DLP market
- Network DLP market
- Email & Web Security Market
- Appliance service market
- Cloud-based service market
- On-premises service market
- Hybrid solution service market
- Cloud Database Security Market
- Public cloud security market
- Private cloud security market
- Hybrid cloud security market
- Cloud Encryption Market
- Data encryption standard market
- Triple data encryption standard market
- Advanced Encryption standard market
- Blowfish encryption market
- RSA (Rivest–Shamir–Adleman) encryption market
- Diffie Hellman encryption market
- Cloud Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
- Host-based IDS market
- Network-based IDS market
- Stack-based IDS market
- Signature-based IDS market
- Anomaly-based IDS market
- Network Security Market
- Network Access Control (NAC) market
- Application Security market
- Antivirus and Antimalware Software market
- Firewalls market
- Wireless Security market
- Virtual Private Network (VPN) market
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:
- Cloud security market share
- Cloud security market size
- Cloud security market growth
- Cloud security market forecast
- Cloud security industry statistics
