Global Cloud Security Market, By Service Type (Identity and Access Management (IAM), Data Loss Prevention (DLP), Intrusion Detection System (IDS)/Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), Encryption, Others), Security Type (Application Security, Database Security, Endpoint Security, Network Security and Web and Email Security), Service model (Infrastructure-as-a-Service (IaaS), Platform-as–a-Service (PaaS) and Software-as-a-Service (SaaS)), Development Type (Public Cloud, Private Cloud and Hybrid Cloud), Security Model (Small and Medium Enterprises (SMEs), Large Enterprises), Vertical Type (Banking, Financial Services, and Insurance (BFSI), Aerospace and Defence, Automotive, Energy and Utilities, Government and Public Utilities, Healthcare and Life Sciences, IT and Telecom, Manufacturing, Retail and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights of Global Cloud Security Market
Global cloud security market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to growth at a CAGR of 27.7% in the above-mentioned forecast period.
Cloud security is a broad range of technologies and procedures that help to protect various applications of data and computers from cloud-attacks and unethical access by providing secure networks and information. Suitable security and privacy challenges for cloud computing are also presented through cloud security services and solutions. The structure of cloud security is effective for giving prevention, goon skin and correction control. This improves the security capabilities of cloud providers and their personal risk assessment.
Increasing cloud computing by SMEs and the use of smartphones and Internet penetration are major factors driving the demand for cloud security worldwide. This has been a major trend for the past six years and is expected to increase significantly over the forecast period. The emerging technologies such as the internet of things (IoT) and implementing companies (bring your own devices) BYOD programs are resulting in an increase in the cloud attacks on applications and the global cloud security market. There are major more opportunities for major market players in the market by the forecast period.
Advantages of adopting BYOD technology in organizations are more rapidly responding to organizational needs, increasing employer productivity, and saving costs for the organization. Companies allow employees to bring their equipment to the office or company for personal and commercial use.
Lack of awareness among organizations and consumers about the need for security services will hinder the growth of the global cloud security market. Challenges in the market include security issues and privacy concerns and the availability of open source security software providers.
This cloud security market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research cloud security market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cloud Security Market Scope and Market Size
Cloud security market is segmented on the basis of service type, security type, service model, development type, security model, vertical type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on service type, the cloud security market is segmented into identity and access management (IAM), data loss prevention (DLP), intrusion detection system (IDS)/intrusion prevention system (IPS), security information and event management (SIEM), encryption, others.
- Based on security type, the cloud security market is segmented into application security, database security, endpoint security, network security and web and email security.
- Based on service model, the cloud security market is segmented into Infrastructure-as-a-Service (IaaS), Platform-as–a-Service (PaaS) and Software-as-a-Service (SaaS).
- Based on development type, the cloud security market is segmented into public cloud, private cloud and hybrid cloud.
- Based on security model, the cloud security market is segmented into small and medium enterprises (SMEs), large enterprises.
- Based on vertical type, the cloud security market is segmented into banking, financial services, and insurance (BFSI), aerospace and defence, automotive, energy and utilities, government and public utilities, healthcare and life sciences, it and telecom, manufacturing, retail and others.
Cloud Security Market Country Level Analysis
Cloud security market is analysed and market size insights and trends are provided by country, service type, security type, service model, development type, security model, vertical type as referenced above.
The countries covered in the cloud security market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cloud security market in terms of revenue contribution and is expected to maintain its position in the forecast period as there are a large number of cloud security vendors in the region. Increasing cloud services in emerging economies in the Asia Pacific region is expected to increase significantly over the forecast period.
The country section of the cloud security market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cloud Security Market Share Analysis
Cloud security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cloud security market.
The major players covered in the cloud security market report are IBM , Cisco Systems, Intel Corporation, Trend Micro Incorporated, CA, Symantec Corporation, Fortinet, Inc., Zscaler, Inc., Akamai Technologies, Hewlett Packard Enterprise Development LP , AlienVault, Inc. , FUJITSU, Forcepoint, Dome9 Security Ltd., SKYHIGH NETWORKS, McAfee, LLC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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