Cloud computing security sector is evolving at a rapid rate. It is a popular sub-domain of computer and network security, which refers to a broad set of policies, controls and technologies that associate the cloud computing infrastructure. Major trends of growth are expected to drive the global cloud security market at a healthy growth rate. The industry is expected to witness great of growth and opportunities for business expansions and global presence for the existing as well as new entrants. Technological advancements and rapid adoption of computing security as a service are expected to drive the trends for the enterprises in this industry.
Drivers and Trends in Cloud Security Industry
The global market for cloud security started witnessing healthy growth post 2010. The main reason for this growth is the rising adoption of cloud computing security by leading players across different industrial verticals. These services have become essential for easy access to all the vital security solutions. The solutions help resolving most of the security related problems as far as internet, computing and networking services are concerned. Growth in the security breaches and malware attacks also serve as the crucial element for the adoption of the solutions and services offered by the cloud security market.
Analysis of all the segments and trends in the global cloud security market helps you realize the trends of growth and future investment opportunities. Across most of the expert reports, the market is categorized on the basis of the types of services, deployment modes, applications across vital industrial verticals and geographic regions. Major geographic regions that need to be analyzed in the report include Europe, North America, Latin America, Middle East and Africa and Asia Pacific. The deployment models opted by the industry include private, public and hybrid or community cloud services.
- Services: Data loss prevention, cloud DaaS/IAM, web security, cloud IPS/IDS, email security, BCDR, SIEM, virtualization and network security, cloud database security, etc.
- Industries: IT and telecom, government, public utilities, BFSI, healthcare and life sciences, retail and consumer goods, transport and logistics, manufacturing, and other industries
According to the latest research reports, the cloud security market is expected to grow at a CAGR of over 15% from 2014 to 2019. At this rate, the market is projected to become worth $8.71 billion by 2019, which is currently poised at $4.2 billion in 2014. During the timeframe of research, the IAM/IDaaS services are expected to gain maximum growth. Segments like email services and security solutions are also expected to attain great traction during the forecasting span. Growth in the demand for employee access and identity along with growing security risks are expected to maintain the healthy growth of the cloud security industry in the next few years to come.