Cloud Security Software Market is expected to reach CAGR of 39.36% during the forecast period of 2018–2023,focusing on top key vendors like TrendMicro, Symplified Inc., CA Technologies, McAfee, IBM Corp, Cipher Cloud, Safenet, VMware

Cloud security software provides security for cloud-based services or cloud computing architectures. Cloud security software Market can be a stand-alone solution or a set of products. It focuses on the security of key parameters such as compliance, governance, data protection, architecture and identity and access.

A key driver of the global cloud security software market is the increasing use of cloud services for critical data storage and the sudden increase in cloud-specific attacks. Flexibility, cost savings, and availability are driving growth for businesses that are sending data to the cloud (which can pose a variety of risks associated with cloud computing). Some of the other forces in this market are increasing cloud-based services and increasing employee mobility in the non-traditional sector. Common cloud security solutions provide features such as encryption, identity and access management (IAM), endpoint monitoring, vulnerability discovery, intrusion detection, application and messaging security.

According to a recent survey By Research2Reports, big companies spend around 11% of their IT budgets on security, whereas small businesses spend nearly 15%. Non-complex or weak network access are common problems in network security in recent times. Since hackers are motivated by scoring political points and embarrassing the companies, they are focusing on stealing unstructured data, such as email and other important documents. Loss of such data might adversely affect the business of an organization due to loss of reputation, like in the case of Sony. The purpose of IT spending on security measures is to manage security breach and to ensure its reduction at a significant level. As phishing attacks have increased in number, an intrusion prevention software can help both the targeted users and the organizations as a whole.

March 2018: McAfee launches Cloud Security Solution for Microsoft Azure. This solution ensures Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). The company's cloud security portfolio includes McAfee Skyhigh Security Cloud, McAfee Virtual Network Security Platform, and McAfee Cloud Workload Security.

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Software Type Cloud security software solutions are categorized into other regions (North America, Europe, Asia Pacific and other countries) and industries.

In 2014, North America was the main revenue source with 49.52% market share, followed by Europe. United States (US) United States (US) United States (US) United States (US)

Major Players: TrendMicro, Symplified Inc., CA Technologies, McAfee, IBM Corp, Cipher Cloud, Safenet, VMware, Microsoft Corporation, Dell Corporation, Hewlett Packard Enterprise, Cisco Solutions, Panda Security, Websence, Checkpoint, Trustwave, Intel Security Group, Porticor Ltd, Fortinet, and NetLib Security Inc., among others.

Reasons to Purchase This Report

Current and future cloud security software market in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Identifying the segment that is expected to dominate the market
Regions that are expected to witness the 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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