Cloud Security Market 2018 Global Leaders Analysis: IBM, Microsoft, Symantec, Cisco Systems, Intel, Trend Micro, CA Technologies, Cloud Passage, Fortinet, Okta

Global Cloud Security Market by Deployment (Private, Public, Hybrid), by Types (Virtualization, Cloud Database Security, Network Security), by End-user (Healthcare, Retail, BFSI, IT & Telecom) - Forecast to 2022

Key Players:
Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Symantec Corporation (U.S.), Trend Micro Inc. (Japan), CA Technologies, Inc. (U.S.), Microsoft Corporation (U.S.), Okta, Inc. (U.S.), Cloud Passage Company (U.S.), Intel Corporation(U.S.) and Fortinet, Inc. (U.S.) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Cloud Security market.

The Global Cloud Security Market is expected to grow from USD ~5 Billion in 2016 to USD ~ 13 billion by 2022, at an estimated CAGR of ~17%.

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Cloud Security Global Market - Overview
Cloud security refers to broad set of policies and technologies that are deployed to provide security to the organizational data and manage it efficiently. Cloud security helps to prevent several kinds of cyber attacks and protects the data in case of any breach happens. Cloud security also helps in the maintenance and keeping the data confidential and prevent the unauthorized access to the employees as well as other external stakeholders. Rapid changes in technology and increasing amount of digital content by the industrial sectors needs to be protected and as the deployment of manual security is becoming efficient, companies are opting for cloud solutions which helps to manage huge amount of data without any restriction. The data uploaded by the companies are confidential in nature and any breach and theft may lead to loss of billions of dollars. To overcome from these problems, cloud security or cloud computing security comes into picture where with the help of policies and new technologies, companies defines and provides access to the required people only.

One of the major driving factor behind the growth of Cloud Security Market is increasing cyber security threats. Also, various other factors such as increasing dependency of the industries on cloud computing and rise in employee mobility is also expected to drive the market growth in the coming years. Concept such as BYOD is also one of the factor behind the growth of cloud security market.

Industry News
December, 2017, Symantec Selects Amazon Web Services for Cloud Security. Amazon Web Services, Inc., an Amazon.com company, has been chosen by Symantec as its strategic infrastructure provider for the vast majority of its cloud workloads. This new partnership will leverage AWS’s infrastructure scale and maturity to deliver cloud security to its global customers. With AWS’s breadth and depth of cloud capabilities, Symantec has transformed legacy applications into cloud-based solutions, and built innovative, cloud-native. Symantec also brings hybrid offerings to AWS. Symantec’s relationship with AWS will be long-term and bi-directional. The security company not only is making a major operational move to AWS, but also tapping the global footprint of the AWS Marketplace to deliver its security services. The company built a data lake on AWS that collects tens of terabytes of data every day from 175 million endpoints and more than 57 million attack sensors.

December, 2017, The Armor Guardian Partner Program announced today six additional partners, increasing its international presence and channel partners that hold a number of Amazon Web Services (AWS) and Microsoft partner competencies. Armor, a cloud security service provider, offers a community-powered approach to security with the industry’s first threat prevention and response platform, Spartan, designed for private, hybrid and public cloud environments including AWS and Azure.

November, 2017, Aporeto launches security solution for hybrid and multi-cloud applications. Aporeto announced the launch of the first Zero Trust Security solution for the enterprise based on finely-tuned application identity, context and intent. The solution continuously monitors and protects applications, by replacing network security based approaches with a radically simple identity and authorization system. Aporeto’s security is decoupled from the infrastructure and network; the solution transparently binds to applications to provide them with identity and protect them according to their context and operations intent using end-to-end cryptographic techniques. This approach is underpinned by the “zero trust” principle that assumes that any part of the infrastructure can be compromised at any given time. In contrast, the common approaches of security products are to provide static, infrastructure-dependent protection that must constantly be reconfigured to address application needs.

Cloud Security Global Market - Segmentation
Segmentation by Deployment: Public, private and hybrid
Segmentation by Types: Virtualization security, network security, cloud database security, e-mail & web security and data loss prevention among others
Segmentation by Industry: Small and medium enterprises and large enterprises
Segmentation by End Users: Retail, healthcare, IT & telecom, BFSI and government utility among others

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Cloud Security Global Market - Regional Analysis
Cloud Security Market is growing with the positive growth in all the regions. North America is dominating the market due to rich presence of manufacturing companies in U.S and Canada. The region is also one of the prominent leader in IT industry and one of the largest supplier of technology around the world. Europe stands as second largest market for cloud security. Growing industrialization and high adoption of cloud computing in BFIS and manufacturing industry in European countries are some of the major driving factor. Also, many companies are also setting up their data centers in Europe due to the favourable regulations in the countries. Asia Pacific region stands as third largest market due to rich presence of manufacturing companies in China, India, Japan, Taiwan and South Korea. Also, developing economy of China and India is also supporting the market of cloud security in Asia Pacific region.

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