Cloud Security Market Trends, Regulations and Competitive Landscape Outlook to 2

Posted by Ashish on November 13th, 2019

According to a new market research report "Cloud Security Market by Service Type (IAM, DLP, IDS/IPS, SIEM, and Encryption), Security Type, Service Model (IaaS, PaaS, and SaaS), Deployment Type (Public, Private, and Hybrid), Organization Size, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, The cloud security market size is expected to grow from USD 4.09 Billion in 2017 to USD 12.73 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 25.5%.

Cloud security refers to a broad set of policies, technologies, and services deployed to protect applications, data, & associated infrastructure through cloud. It comprises various security services, such as cloud Identity and Access Management (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), & encryption.

Browse 68 market 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, and Encryption), Security Type, Service Model (IaaS, PaaS, and SaaS), Deployment Type (Public, Private, and Hybrid), Organization Size, Vertical, and Region - Global Forecast to 2022"

Major Key Players

The major vendors in the cloud security market include Trend Micro, Inc. (Tokyo, Japan), Intel Security (California, U.S.), Symantec Corporation (California, U.S.), IBM Corporation (New York, U.S.), Cisco systems (California, U.S.), CA Technologies, Inc. (New York, U.S.), CSC (Virginia, U.S.), and Fortinet, Inc. (California, U.S.).

Cloud security refers to a broad set of policies, technologies, and services deployed to protect applications, data, & associated infrastructure through cloud. It comprises various security services such as cloud Identity and Access Management (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), & encryption. As most of the organizations are moving their businesses over the cloud, the risk of data breaches and cyberattacks is very high. Cloud-based security services help organizations to strengthen their entire business infrastructure by providing various security services. Cloud security vendors are developing advanced cloud security services to provide proactive and holistic security to critical business applications.

Software-as-a-Service (SaaS) service model in the cloud security market is expected to have the largest market size during the forecast period. The major reason for the high adoption of SaaS among the service models is the increased usage of the cloud-based applications by cloud service providers. However, these SaaS applications might contain malicious activities, which may cause significant data loss. The cloud-based security services help minimize the loss of data through control and regular monitoring of cloud-based applications and cloud services.

The cloud security market by security type includes application security, database security, endpoint security, network security, and web & email security. The application security segment is expected to grow at the highest CAGR during the forecast period. As the organizations are moving their critical business infrastructures over the cloud, it is becoming essential for them to protect their sensitive data from the increased number of security breaches. Hence, the demand for cloud security services for data application security is expected to increase.