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Cloud Security Market 2019 Historical Analysis, Industry Size, Opportunities and Growth Factors
[June 10, 2019]

Cloud Security Market 2019 Historical Analysis, Industry Size, Opportunities and Growth Factors


According to a new market research report "Cloud Security Market by Service Type (IAM, DLP, IDS/IPS, SIEM, and Encryption), Security Type, Service Model (IaaS, PaaS, and SaaS), Deployment Type (Public, Private, and Hybrid), Organization Size, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, The cloud security market size is expected to grow from USD 4.09 Billion in 2017 to USD 12.73 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 25.5%.



Cloud security refers to a broad set of policies, technologies, and services deployed to protect applications, data, & associated infrastructure through cloud. It comprises various security services, such as cloud Identity and Access Management (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), & encryption.

Browse and in-depth TOC on “Cloud Security Market” 68 - Tables 71 - Figures 170 - Pages Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100018098 Major Key Companies: The major vendors in the cloud security market include Trend Micro, Inc. (Tokyo, Japan), Intel Security (California, U.S.), Symantec Corporation (California, U.S.), IBM Corporation (New York, U.S.), Cisco systems (California, U.S.), CA Technologies, Inc. (New York, U.S.), CSC (Virginia, U.S.), and Fortinet, Inc. (California, U.S.) Industry Segmentation: Cloud security refers to a broad set of policies, technologies, and services deployed to protect applications, data, & associated infrastructure through cloud. It comprises various security services, such as cloud Identity and Access Management (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), & encryption.


The application security segment is expected to grow at the highest CAGR during the forecast period. However, the web and email security segment accounts for the largest share of the cloud security market in 2017. The hybrid cloud deployment type is expected to grow at the highest CAGR during the forecast period. The large enterprises segment is expected to account for the largest market size in 2017. Moreover, the Small and Medium-Sized Enterprises (SMEs) segment is expected to grow at the highest CAGR during the forecast period.

Cloud security services have been deployed across various industry verticals, including Banking Financial Services, and Insurance (BFSI), aerospace & defense, automotive, energy & utilities, government & public utilities, healthcare & life sciences, IT & telecom, manufacturing, retail, and others. The retail vertical is expected to grow at the highest CAGR during the forecast period. However, the BFSI vertical is estimated to have the largest market size in 2017.

Regional Analysis: The global Cloud Security Market has been segmented on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to become the largest revenue-generating region for cloud security service vendors in 2017. This is mainly because, in the developed economies of the U.S. and Canada, there is high focus on innovations obtained from Research & Development (R&D) and security technologies. The APAC region is expected to be the fastest growing region in the market. The growth in this region is primarily driven by the increasing adoption of IoT devices and BYOD technologies within organizations.

Usage of cloud security services in BFSI, government and public utilities, and retail industry verticals drive the growth of cloud security market BFSI The BFSI is an industry term for companies, such as commercial banks, insurance institutes, and non-banking financial organizations, which provide financial products and services. The BFSI vertical has undertaken significant changes in operations and the way customers interact with the vertical. This industry vertical is very reluctant to move its data on cloud due to security and privacy breaches. The ongoing trends such as globalization, expanding regulations, mobile integration, and online payment tools have created complexities in the cloud environment.

Retail The retail sector is the part of country’s economy that sells goods to customers through various shops, small groceries, supermarkets, large department stores, or through the internet. The retail industry is always on the top in terms of cost-cutting, improving revenue margin, and adopting the latest cloud technologies. This vertical is one of the most targeted verticals by cyber-attackers because of the potential payouts and huge number of monetary transactions made via VISA, MasterCard, and other payment processing networks.

Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/cloud-security-market-100018098.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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