Cloud Security Market 2015 - Global Industry Analysis to 2022

DUBLIN, June 24, 2015 /PRNewswire/ --

Research and Markets(http://www.researchandmarkets.com/research/3v53kn/cloud_security) has announced the addition of the "'Cloud Security Market (Service Type - Data Loss Prevention, Email and Web Security, Cloud IAM, Cloud Database Security, Network Security, Virtualization Security and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022'" report to their offering.

North America was the largest regional market for cloud security in 2014. Growth in North America is mainly attributed to the wide adoption of cloud security services in enterprise environment. In addition, Asia-Pacific market is expected to show strong growth owing to the rising trend of BYOD and CYOD policies and superior advantages of cloud security services.

The key market players focus on inorganic growth through mergers and acquisitions in order t get a competitive edge in the global cloud security market. Big players in the market acquire smaller players to expand their businesses as well as geographical presence. For instance, Trustwave Holding, Inc. provides a range of cloud security services such as web, SIEM, email, network access, and encryption software. In 2014, Trustwave Inc. acquired Cenzic, Inc., which is expected to boost its cloud security business. In April 2015, the company entered into a definitive agreement with Singapore Telecommunications Limited (Singtel) to acquire its business. This is expected to increase the business and expand market share of the company in the cloud security market in the coming years.

Media Contact: Laura Wood , +353-1-481-1716, [email protected]

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SOURCE Research and Markets

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