Is Your Data Protected On Cloud?
Use of Cloud Computing Technology is in a great demand today but how much sure are you that your data is safe and well protected while using cloud. And here Cloud Security comes into picture. Increasing adoption of Cloud computing technology & demand for managed security services are two important factors that are shaping the future of Cloud Security Market.Cloud Security plays an important role in increasing the business agility of the organizations.
As more organizations have their presence on cloud it becomes priority for the organization to assure security in these areas. Cloud Security helps the organizations to reduce CAPEX and to support growing number of remote work force.
Factors Driving Cloud Security Market:
- Rapid Expansion of Cloud Technology among businesses.
- Increasing Cloud specific attacks.
- Rising need of Identity & Access management.
- Absence of strict regulations CSPs.
Cloud Security Market Forecasts:
The biggest players in this market which holds the major market share are CA Technologies, IBM, Symantec, Symplified, Fortinet, McAfee, Sophos, Trend Micro, Zscaler, and Panda Security.
MarketsandMarkets expects that the global cloud security market is estimated to be $4.20 billion in 2014 and is expected to grow to $8.71 billion in 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 15.7% from 2014 to 2019. In the current scenario, NA is expected to be the largestmarket on the basis of spending and adoption for the cloud-based security services market. MarketsandMarkets further expects that the increase in the markets of identity and access management and managed security services in the developing economies will further enhance the growth of this market.
Check the link below for more information:
http://www.marketsandmarkets.com/Market-Reports/cloud-security-market-100018098.html
