Global Cloud Security Market to Post Over 10% CAGR, Projects TechSci Research in Its Report Available at MarketPublishers.com
05 Jan 2017 • by Natalie Aster
LONDON – A hike in the demand for cloud security solutions is seeing an upsurge in the recent years, due to the rising use of cloud specific services like SaaS, IaaS, PaaS, etc., and growing cases of cloud-specific attacks across different industry verticals. Additionally, surging adoption of BYOD concept, the rise of the IoT market and rampant growth in cyber security will likely give a boost to the growth in the cloud security market worldwide in the offing.
The global cloud security market is forecast to post over 10% CAGR through to 2021, owing to a surge in the instances of breaches of security for financial data and identity theft in BFSI, IT and telecom, retail and government sectors. Additionally, rising uptake of cloud storage solutions by SMEs, increasing adoption of cloud security in e-commerce, among others, is also fuelling the global cloud-based security market.
North America was the largest market globally as of 2015 owing to increasing uptake of cloud-based computing, and rising IT security spending across the region. Intel, Trend Micro, IBM, Symantec and Cisco are some of the top players active in the global cloud security marketplace.
In-demand research report “Global Cloud Security Market” created by TechSci Research offers a comprehensive assessment of the market on a global level.
The study discusses the various key aspects of the cloud security market across the globe, like market sizing, shares and forecasts. It provides a detailed segmental analysis of the marketplace by service type, deployment mode, end-use industry, and based on geographic region. The report canvasses the ever-changing market trends and emerging opportunities, canvasses key market drivers and challenges, analyses the competitive landscape and offers granular strategic recommendations.
More insightful research reports by TechSci Research are available at its page.