Jan 25, 2021 (The Expresswire) -- Global Cloud Security Market research report provides a Point-by-Point In-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
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Cloud Security Market competition is assessed by top manufacturers, with production, price, revenue (value), and market share for each manufacturer. It offers a complete evaluation of every area including the volume of the global Cloud Security market in that area in the estimated duration. This well-drafted report entails the existing market status, historical data, and projection outlook. A detailed segmentation analysis of the market is done on regions, types, and applications in the report. The report tracks primary trends that decide future growth prospects in the global market.
Cloud Security Market Report Overview includes major players of the global Cloud Security Market covered in the research study, research scope, Market segments by type, Market segments by application, years considered for the research study, and objectives of the report.The research report explores the Cloud Security market across the globe shows industry summary, definition, and scope along with major regions and countries. The research report provides a detailed study on each and every aspect of Cloud Security Market. Furthermore, the research study classifies the market based on product types, application and end user industries of Cloud Security.
The global cloud security market in retail is expected to register a CAGR of 27.5% over the forecast period (2018-2023). Retailers want to enable a seamless customer experience and ensure staying away from the security breach headlines, hence, they are adopting cloud applications to balance efficiency and security. It helps them to maximize shareholder value, streamline their business operations, and effectively address customer expectations. Though security concerns remain a major threat, cloud security solutions are addressing these threats and allowing companies to adopt cloud-based services. The cloud security market witnessed a high growth when many of the enterprises made a move towards cloud technology for cost cutting, flexibility, maintenance, and agility. This boom led to an increase in cloud-specific threats, which gave rise to cloud security solutions in the retail industry.
Increasing Incidences of Security Breaches is Driving Market Growth
The incidence of technically complex attacks is increasing. Businesses need to ensure that adequate cybersecurity frameworks are in place to counter such threats, and increase their cyber resilience, particularly their ability to detect and remediate breaches and other cyber incidents. These cyber-attacks include attacks that directly target business systems and individuals, which could potentially lead to huge financial and personal losses. Retailers are expanding their technology usage to manage the supply chain and operate services through the web and deploy CRM solutions. Adoption of these technologies will expose them to the risk of data breaches. Hence, the need for cloud security in retail is increasing with rising security breaches.
Cloud Intrusion Detection and Prevention is the Fastest Growing Segment
Cloud intrusion detection and prevention software is one of the primary security software employed for cloud security. Intrusion Detection Software and Intrusion Prevention Software systems are deployed as the gatekeepers for cloud systems, as they continuously monitor the data flow and operations of the cloud system. The system monitors the network for malicious activity that could be a part of a data breach attempt. The system also scans for data sets that could be in violation of the standards, and identifies the primary concerns, including interior protection in the retail industry. The cloud IDS/IPS systems are experiencing growing demand in the market, and are projected to witness healthy growth during the forecast period.
North America holds the Largest Market Share
North America is the largest consumer of cloud security software in the world. This could be attributed to the presence of large enterprises, growing frequency of cyber-attacks, and the increasing number of hosted servers in the region. Many cloud security-providing companies are headquartered in the United States, while most of the companies pilot new services in the country before global launches and deployment. Fast adoption of new technology in this country and growing focus for security is pushing the market forward. The presence of large cloud service providers, such as Microsoft and Amazon, is playing a significant role in the growth of the cloud security software market in the country. North America is expected to maintain its dominance on the market, while Asia-Pacific is expected to grow at a significant pace over the forecast period.
Key Developments in the Market
December 2017 - CA technologies joined the Cloud Native Computing Foundation (CNCF) to sustain and integrate open source technologies like Kubernetes and Prometheus.
November 2017 - IBM announced the successful testing of a fully integrated Wavelength Division Multiplexing (WDM) Si photonics chip for Big Data and cloud services, enabling the download of an entire HD digital movie in two seconds.
The major players include - TREND MICRO, INC., IMPERVA, INC., SYMANTEC CORPORATION, INTERNATIONAL BUSINESS MACHINES CORPORATION, CISCO SYSTEMS, INC., FORTINET, INC., SOPHOS, PLC, MCAFEE LLC, QUALYS, INC., CA TECHNOLOGIES, CHECK POINT SOFTWARE TECHNOLOGIES LTD, and COMPUTER SCIENCE CORPORATION (CSC), amongst others.
Reasons to Purchase the Report
Current and future cloud security market in retail analysis in the developed and emerging markets
Analyzing various perspectives of the market with the help of PorterÃ¢â¬â¢s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel).
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Cloud Security Market for 2021-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Cloud Security.
The market is divided into the following segments based on geography:
Global Cloud Security Market 2021-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key questions answered in this report
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