About Cloud Security
A cloud security solution is a stand-alone solution or a suite of products that provides security to cloud-based services or cloud computing architectures. A typical cloud security solution offers features like encryption, IAM, endpoint monitoring, vulnerability scanning, intrusion detection, and application and messaging security. It helps protect cloud content from unauthorized access and data theft.
Technavio’s analysts forecast the global cloud security market to grow at a CAGR of 20.91% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of global cloud security market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of cloud security solutions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cloud Security Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Cloud Security Market: Cisco Systems, IBM, Intel (McAfee), Symantec and Trend Micro.
Other Prominent Vendors in the market are: CA Technologies, Check Point Software Technologies, CipherCloud, Clearswift, CloudPassage, CSC, Dell Secure Works, Fortinet, Microsoft, Netskope, Okta, SafeNet, Sophos, Symplified and Zscaler.
Commenting on the report, an analyst from Technavio’s team said: “The increased deployment of cloud computing in many organizations has led vendors to offer Identity as a Service (IDaaS). Identity management solutions were prevalent and deployed on end-users' servers, but IDaas is becoming a trend due to increased acceptance of cloud solutions by end-users.”
According to the report, one of the major driving factor of the global cloud security market is reduced ownership cost. For traditional on-site security software, the TCO includes a high upfront software license cost and software implementation cost coupled with a high maintenance cost. In the case of cloud security, cloud vendors are responsible for the implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration.
Further, the report states that concerns over critical data security hinders the market growth.
Cisco Systems, IBM, Intel (McAfee), Symantec, Trend Micro, CA Technologies, Check Point Software Technologies, CipherCloud, Clearswift, CloudPassage, CSC, Dell Secure Works, Fortinet, Microsoft, Netskope, Okta, SafeNet, Sophos, Symplified, Zscaler.
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