Cloudsecurity refers to a broad set of policies, technologies, and services deployedto protect applications, data, & associated infrastructure through cloud.It comprises various security services, such as cloud Identity and AccessManagement (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System(IDS)/ Intrusion Prevention System (IPS), Security Information and Event Management(SIEM), & encryption.
MarketsandMarketsforecasts that the cloud security market size is expected to grow from USD 4.09Billion in 2017 to USD 12.73 Billion by 2022, at a Compound Annual Growth Rate(CAGR) of 25.5%. The sophistication level in the cyberattacks is increasing andcreating demands for more comprehensive cloud security services that wouldenable the protection of complex network infrastructures.
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Browse 68market data tables and 71 figures spread through 170 pages and in-depth TOC on"Cloud Security Market by Service Type (IAM, DLP, IDS/IPS, SIEM, andEncryption), Security Type, Service Model (IaaS, PaaS, and SaaS), DeploymentType (Public, Private, and Hybrid), Organization Size, Vertical, and Region -Global Forecast to 2022"
Cloudsecurity helps organizations protect networks, endpoints, and applications fromvarious malicious attacks, sophisticated cybercriminals, ransomwares, &Advanced Persistent Threats (APTs). The major forces driving the cloud-based security servicesmarket are the increased adoption of Bring Your Own Device (BYOD)& Internet of Things (IoT) trends, rise in adoption of cloud-based securityservices, increasing demand for cloud computing & increasing governmentinitiatives, and emergence of smart cities. Therefore, enterprises aredeploying advanced cloud security services to secure networks and endpointsfrom cyber threats.
As more andmore processes shifts to the cloud, it becomes complex to handle variousprocesses such as intrusion detection and prevention, endpoint security, andidentity management. To solve all these issues, companies now prefercloud-based security services. Both enterprises and Small and Medium sizeBusiness (SMBs) are rapidly adopting these services. The prime reason for thisacceptance is the lower administration overhead and improved data securityservices. As the companies are growing the number of employees, data,investment and their global presence is also expanding, which has acceleratedthe security threats. To secure these private networks companies requireadvanced managed security services and IAM/IDaaS services, and need to fulfillthe advanced regulatory compliances. Cloud-based security services not onlymanage the identity and access issues but also help the companies meet theregulatory compliances.
All thesefactors are driving the cloud-based security services market.The total cloud securitymarket is expected to grow from $4.2 billion in 2014 to $8.71 billion in2019,at an estimated Compound Annual Growth Rate (CAGR) of 15.7% during theforecast period 2014-2019.It is anticipated that the IAM/IDaaS will be thelargest market segment followed by the email security and web security (WAF)services.
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