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Cloud DLP Segment Will Exhibit the Highest Growth in the Global Cloud Security Market in Retail Sector until 2020, Says TechnavioAccording to the latest market study released by Technavio, the global cloud security market in the retail sector is expected to grow at a CAGR of close to 21% during the forecast period. This research report titled 'Global Cloud Security Market in the Retail Sector 2016-2020' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions. Cloud security is a technology designed to comply with regulatory compliances regulations and protect critical data from security attacks. The unauthorized access to personal data such as credit card information, bank account details, and online transactions has increased in the past 3-5 years. The year-over-year increase in financial attacks was approximately 20% compared to 2014. Retail companies are one of the top targeted industries because they process large amounts of financial data. Amrita Choudhury, a lead analyst at Technavio for research on IT security, says, "The Payment Card Industry Data Security Standard has made compliances with a set of security standards to protect cards such as debit, credit, and money card information during transactions and after transactions. Since retailers find themselves targets of cyber-attacks, it is important for them to understand that it is not just about the compliance but about security as well. This standard includes all payment channels such as e-commerce, retail stores, and telephone orders." Request sample report: http://goo.gl/NKB7Og Based on solutions, the report categorizes the global cloud security market in the retail sector into the following:
The top three market share holders are illustrated below - Global cloud IAM market in retail sector With 37.24% in 2015, the cloud IAM segment dominated the global cloud security market in the retail sector. The adoption of cloud IAM solutions is growing among SMBs and large enterprises because of the increasing amounts of critical data being transferred. These solutions offer enterprises better control over access to applications and sensitive information from remote locations. The increased use of mobile devices for official and personal purposes is also driving the demand for cloud IAM solutions as these devices are highly vulnerable to attacks. The market share of the cloud IAM segment will decrease in the forecast period, however, it will continue to hold its position at the top. Global cloud data loss prevention (DLP) market in retail sector The market share of the cloud DLP segment will increase significantly, growing at the rate of 26.37% during the forecast period as enterprises in APAC are facing sophisticated cyber-attacks due to the high adoption of public and private clouds such as Amazon Web Services (News - Alert), Box, and Office 365. Cloud DLP reduces the TCO for organizations as it eliminates the need for hardware and software installation and maintenance. In addition, the cost involved in hiring professional expertise to maintain DLP applications is reduced. Cloud DLP provides remote access to end-users and, therefore, encourages organizations to simplify network infrastructure. This makes cloud DLP affordable for SMBs. In the forecast period, the adoption of cloud DLP will grow among large enterprises because of the increasing demand for data security and confidentiality. Global cloud e-mail security market in retail sector Any sensitive information transmitted through e-mails exposes an organization to cyber-attacks. Organizations face challenges, such as loss and leakage of sensitive data, that cause serious damage to their market reputation. The access to corporate e-mails on various networks both within and outside of an organization has led to an increase in the instances of credential theft, insider fraud, and e-mail spam. Organizations in North America and Europe are the early adopters of cloud e-mail security because of the availability of adequate infrastructure and high frequency of cyber-attacks. "Employees in the retail sectors often work remotely or do not work all day at a desk. This compels companies to provide their employees with access to e-mails, databases, and stored documents through the cloud. Organizations need to be cautious while providing these services and access to networks. As a result, they are increasingly adopting cloud e-mail security to enhance the security of corporate networks and sensitive data," says Amrita. However, Technavio states that the demand for cloud e-mail security will decline during the forecast period because of market saturation. The top vendors highlighted by Technavio's ICT research analysts in this report are: Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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