Cloud security market

Cloud Security Market

Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast, 2014-2020

Introduction • The global cloud security market is expected to garner $8.9 billion by 2020, registering a CAGR of 23.5% during the period 2015-2020.

• Growing trend of BYOD and upsurge in the adoption of cloud adoption across diverse verticals, such as healthcare, government, retail, IT & telecommunications, BFSI, and others, have fueled the growth of the market.

• Increasing number of cyber-attacks due to upsurge in digitalization is one of the driving factors of the cloud security market.

• The cloud computing market is prone to threats such as data breaches, data loss, and insecure application programming interfaces (API).

Therefore, there is growing need to provide a secure environment for both cloud providers and customers.

Key Factors of the Market • Rising number of cyberattacks & threats • Increasing dependency on cloud-based applications & services for payments & financial transactions, data storage, social media, and others.

• Upsurge in the adoption of cloud adoption across diverse verticals, such as healthcare, government, retail, IT & telecommunications, BFSI, and others.

• Growing demand for managed security services • Government Compliances

Growing Strategies of the Market

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Key Benefits of the Market

• Retail, government, and healthcare sectors offer lucrative growth potential in the cloud security market • The Asia-Pacific region is projected to be the most lucrative market. The region is expected to witness the highest CAGR of 27.4% during the forecast period • The hybrid type of deployment is projected to growth rapidly, owing to increase in adoption of hybrid cloud in large and small & medium sized enterprises

Market Segmentation By Type • Cloud Identity and Access Management

• Data Loss Prevention • Email & Web Security • Cloud Database Security • Network Security • Cloud Encryption

Market Segmentation By Geography • North America • Europe • Asia-Pacific • Latin America, Middle East and Africa (LAMEA) Get further details of the market study @ https://www.alliedmarketresearch.com/purchase-enquiry/783

Key Players of the Market • CA Technologies, Inc. • Cisco Systems, Inc. • Fortinet, Inc. • IBM Corporation • McAfee, Inc. • Panda Security • Sophos Ltd. • Symantec Corporation • Trend Micro, Inc.

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