TMCnet News
Cloud Security Market Size And Trend Analysis By Application, By Company Size, By Solution (Cloud IAM, Cloud Email Security, Cloud IDS/IPS, and Cloud DLP), By Deployment, By Region, And Segment Forecasts, 2014 - 2024NEW YORK, Jan. 18, 2017 /PRNewswire/ -- The global cloud security market is expected to reach USD 13.93 billion by 2024, according to a new report by Grand View Research, Inc. The cloud infrastructure has witnessed a significant growth in recent years and its popularity can be attributed to the on-demand services, scalability and flexibility, and the cost effective solutions it offers to organizations. In addition to the tussle between public and private cloud the emergence of hybrid cloud has given cloud users numerous different platforms and frameworks to choose from. As the adoption of cloud reaches new levels, the security issues concerning cloud users and vendors have come to the forefront. Further key findings from the report suggest: As an increasing number of organizations adopt cloud cyber-attacks and data breaches have increased dramatically with highly sophisticated attacks targeted at confidential data. Last two years have seen many high level data breaches such as the attack on Ashley Madison, Home Depot, Anthem and even some security providers such as Kaspersky Labs. Cloud computing has been erasing traditional geographic boundaries with its world wide spread but the changing cloud regulations and government roles may complicate the market. While some countries such as Germany are opting for greater data privacy, other countries are striving for greater visibility in the internet traffic (such as U.S. and France). The cloud security is also affected by industry specific regulations such as Health Insurance Portability and Accountability Act of 1996 (HIPPA) for healthcare, Payment Card Industry Data Security Standard (PCI DSS) for financial sector as well as international laws like Safe Harbor Act and European Union Data Protection Directive. CA Technologies Inc., Cisco Systems, Fortinet Inc., IBM Corp., Intel Corp., TrendMicro, VMware and Symantec Corp. some of the major industry players in this domain. Other key vendors include BMC Software, Bitium Inc., CloudPassage, Netskope, SkyHigh Networks Inc., Snoopwall Inc., Sophos, and Whitehat Virtual Technologies. Key industry players such as CA Technologies, TrendMicro, Symantec Corp., Intel Corp. and IBM Corp. use technological alliances, partnerships and collaborations with other industry players to maintain market competencies. Read the full report: http://www.reportlinker.com/p04604992-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cloud-security-market-size-and-trend-analysis-by-application-by-company-size-by-solution-cloud-iam-cloud-email-security-cloud-idsips-and-cloud-dlp-by-deployment-by-region-and-segment-forecasts-2014---2024-300393091.html SOURCE Reportlinker |