Global Public Cloud Management and Security Services Market Analysis & Evolving Opportunities Studied for the Period until 2022

An up-to-date research report 2018 has been disclosed by Market Research Reports Search Engine (MRRSE) highlighting the title “Global Market Study on Public Cloud Management and Security Services: North America to Dominate the Global Market in Terms of Revenue and Growth” which provides an outlook for current market value as well as the expected forecast including Rate on Investment (ROI) together with the growing CAGR near 25.9% during 2017-2022. The report studies the Cloud management and security services market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.

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Cloud management and security services is a packaged solution which is used to secure data, information, applications, passwords, etc. The major factors which contribute towards the growth of the global market for public cloud management and security services include rising adoption of BYOD (Bring Your Own Device) along with trends in Internet of Things (IOT), increase in adoption of cloud security services, rising demand for cloud computing and management. Also, emergence of smart cities and rising initiatives by government also contribute towards the health of the global market for public cloud management and security services. The SMBs are fuelling growth of this market as they are becoming aware of security dangers. Moreover, the fact that cloud security services provide opportunities to decrease costs as well as time is pushing the adoption of cloud security services on a large scale, especially by the small and middle sized businesses, thus fuelling the growth of the global public cloud management and security services market.

Cloud management is referred to as the administrative control over private, hybrid and public clouds. Since several businesses are moving towards cloud services, a secure access is essential part of the package. Public cloud management and security services is a service provider solution package which provides cloud hosted offerings. It refers to wide set of technologies, policies as well as controls used to secure and protect applications, data and other associated infrastructure of cloud computing. It is lies in the sub category of network security or computer security or more importantly, information security.

According to Market Research Reports Search Engine, the global public cloud management and security services market is expected to reflect a value of US$ 26.41 Bn by the end of 2022, growing at a high CAGR throughout the period of forecast, 2017-2022.

North America Region to Dominate the Global Market in Terms of Revenue and Growth Rate

Global public cloud management and security services market finds North America to be the most lucrative region which reflects higher market attractiveness. The region is expected to expand at the highest rate showing a robust CAGR of 28.7% throughout the period of forecast. North America dominated the global market in 2017 pertaining to market share and is poised to continue dominating the global market due to higher growth rate during the forecast period. After North America, Europe stands second pertaining to value. Asia-Pacific excluding Japan (APEJ) region is expected to show higher growth rate as compared to Europe region in the coming years.

IT Operation Management to Outpace Other Segments

The IT operation management segment by function is expected to expand at the highest rate during the period of forecast. This segment is poised to register a CAGR of 31.4% during 2017-2022. However, this segment has a low market share. The security segment dominates the global market in terms of high market share as of 2017 and this trend is poised to carry on in the long run. The storage management segment also shows high potential than the IT operation management segment as it has a similar growth rate but a much higher market share. This segment is also expected to gain the highest BPS by the end of 2022.

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Small and Medium Enterprise Segment Show High Gain in BPS

Small and medium segment by enterprise is expected to gain highest BPS by end of the forecast period. This segment also shows higher growth rate and out runs the large enterprise category. The number of small and medium enterprises adopting cloud management systems is rising, which is the main reason for this segment to witness high growth. The large enterprise segment, however, dominates the global market in terms of market share.

Touch Call to Make Between IAM & User Authentication, SIEM and Other Cloud-Based Security Services

IAM and user authentication, SIEM and other cloud-based security services segments by security, are expected to swell at similar rates. However, IAM and user authentication segment dominates the global market by security category pertaining to market share. It reflects higher market share of about 34.1% as of 2017 and growth rate, a shade better than SIEM and other cloud-based security services segments.

Healthcare can be Considered as a Segment With High Potential

Healthcare segment by vertical can be considered as a high potential segment as it reflects the maximum growth rate throughout the period of forecast and is expected to register an exponential 32.3% CAGR. However, the BFSI segment dominates the global market as it shows huge market share in 2017 and this trend is expected to continue over the forecast period. This segment is also likely to gain highest BPS followed by healthcare segment by the end of 2022.

Competition Tracking

The research report has profiled companies which are expected to remain active in the expansion of global public cloud management and security market throughout 2022. Companies such as Accenture PLC, Microsoft Corp, IBM Corporation, Oracle Corp., Amazon Web Services Inc., Capgemini SE, Cisco Systems, Inc., Cognizant Technology Solutions Corporation, VMware, Inc., and SAP SE are profiled.

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This release was published on openPR.