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Global Cloud Security Solutions Market Driven by Increasing Usage by SMBs

Press Release   •   Aug 31, 2017 05:53 EDT has added a new research report to its ever-expanding database on the ICT industry. The latest report to be added, titled “Global Cloud Security Solutions Market 2017-2021,” encapsulates all key factors influencing the market. The report incorporates the current market dynamics and opportunities of growth in the global cloud security solutions market within a forecast period from 2017 to 2021. The report also calculates the size of the market using revenues generated from the sales of cloud security solutions, including cloud IAM, cloud email security, cloud IDS/IPS, cloud DLP, and cloud SIEM deployed on public, private, and hybrid cloud.

A cloud security solution can either be an individual solution or a product suite that covers security for cloud-based services as well as entire cloud computing architectures. A typical cloud security solution incorporates features like endpoint monitoring, identity and access management (IAM), encryption, intrusion detection, vulnerability scanning, and messaging and application security. These services can safeguard cloud content from unauthorized access, hacking attempts, or data theft.
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According to the report, the global cloud security solutions market is predicted to expand at a CAGR of 19.83% within the given forecast period from 2017 to 2021. The primary driver attributed to this highly optimistic growth rate is the growing demand for cloud security solutions by small and medium sized businesses. As more and more companies implement cloud platforms to save on physical space and also to improve efficiency and speed of operations, this field has also garnered unwanted attention in the form of digital theft. Despite the size of a business, the client shows a high priority towards safety of assets, including data, which is likely to continue driving the global cloud security solutions market over the coming years.
However, the global cloud security solutions market is currently being restrained by factors such as the security risks associated with the cloud offerings themselves. Meanwhile, one of the core trends currently exhibited in the market is the emergence of IDaaS. The growing demand of identity as a service solutions is currently propelling the demand for the global cloud security solutions market.
The report also incorporates a regionally segmented perspective on the global cloud security solutions market. The market is categorized into the Americas, Asia Pacific, and the EMEA. Each key region is given a separate analytical treatment to derive a clearer picture for the regional players, as well as for the globally prominent players looking to expand their borders.
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The report provides a holistic detailing of the competitive landscape in the global cloud security solutions market. For this, the report profiles the key vendors in the market so far, including Cisco, IBM, McAfee, Symantec, and Trend Micro. The report also covers other prominent members of the global cloud security solutions market, including Akamai Technologies, Alert Logic, CA Technologies, Check Point Software Technologies, Clearswift, Fortinet, Imperva, NTT Security, Panda Security, SafeNet, SecureWorks, SKYHIGH NETWORKS, Sophos, and Zscaler.