Press release
Cloud Security Software Market Top Key Players are TRENDMICRO, SYMPLIFIED, CA TECHNOLOGIES, MCAFEE, IBM, CIPHER CLOUD, SAFENET, VMWARE, MICROSOFT, DELL
The global cloud security software market was valued at USD 25.1 billion in 2017 and is expected to reach a market value of USD 33.6 billion by 2023, registering a CAGR of 4.94% during the forecast period (2018 - 2023). The growing data generation and increasing complexity of technologies have resulted in a heavy dependence of organizations on cloud services for operations and data management. The cloud industry has experienced a rapid growth in its adoption in the last decade from technology-based companies. This trend is also followed by other industries, due to their realization of the advantages offered by the cloud systems. This is creating an environment where cloud services are acting as the backbone of many business operations. This growth in the adoption of cloud services is having a direct impact on the demand for cloud security solutions.Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/16271
The report is segmented on the basis of types of cloud security software and deployment models. The report is also segmented by industry and region.
Increased Spending on Network Security is the Major Market Driver
According to a recent survey, 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.
Recent data breaches of the top companies around the world have led to the increased adoption of the cloud security systems. The increase in the number of cyber-attacks in the last few years has created demand for improved security. Banking services are becoming a primary target of the hackers, as they have critical user information. The aforementioned reasons are pushing investments from these industries in cloud security. Thus, growing need for security and increasing IT spending on security solutions is driving the growth of the market.
Key Developments in the Market:
March 2018: McAfee launched Cloud Security Solution for Microsoft Azure. The solution is expected to secure 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 (McAfee vNSP), and McAfee Cloud Workload Security (McAfee CWS).
The major players include - 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., amongst others.
Request Discount on this report @ https://marketprognosis.com/discount-request/16271
Cloud Intrusion Detection & Prevention Software Expected to Hold Significant Market Share
Cloud intrusion detection & prevention software is one of the primary security software employed in cloud security. Intrusion detection software (IDS) and intrusion prevention software (IPS) systems are deployed as the gatekeepers for cloud systems. The IDS/IPS continuously monitor the data flow and operations of the cloud system. The system monitors the network for malicious activity that could be a part data breach attempt. The system also scans for data sets that could be in violation of the standards set by the security system. Any detected activity by the IDS/IPS is reported to the administrator to take necessary steps to deal with the attack. Advanced IDS systems collect the data and send to the centralized security systems employed to take care of the attacks. These systems perform various operations in the cloud network depending on the need.
Based on different consumer requirements, the software works as an anti-virus to eliminate the malicious files in the hierarchal systems. Network monitoring of the data center network is one of the growing needs for the cloud-based service systems. With the increasing complexity of cloud systems and the integration of hybrid systems, the networks are filled with vulnerabilities that could be exploited. The growing hacking trend has resulted in the network security becoming a primary concern for the companies and organizations. Network IDS and hosted IDS systems are witnessing an increasing growth in the cloud industry. Banking sector and the telecommunication industry, which are highly dependent on the network-based systems, are increasing security budgets to provide improved security. Thus, the overall cloud IDS/IPS systems are experiencing a growing demand in the market and are projected to witness a healthy growth over the forecast period.
United States is the Largest Consumer
The US’s status as the largest consumer for cloud security software could be attributed to the presence of large enterprises, growing frequency of cyber-attacks, and the increasing number of hosted servers in the United States region. Many companies providing cloud security are headquartered in the United States. Most of the companies pilot new services in the country before global launches and deployment. The fast adoption of new technology in this country and the growing focus on 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 cloud security software market in the country.
Industries, such as banking, healthcare, and government organizations, that hold databases of sensitive information, are preferred targets for hackers as they have a wealth of information. Credit card data and social security numbers of individuals are the targeted information attacked by the hackers. To safeguard such critical data, there is a need for robust cloud intrusion protection and security solutions, along with suitable network security solutions. After recent email leaks and DNC hacks witnessed by the nation during the election period, it is expected that organizations will opt to reinforce the security of their data. The government in this region has tightened the security norms to provide better cloud security. Cloud services are in high demand and are experiencing a high adoption rate with the rise in demand for IoT systems. The recent hack into Sony Pictures has become an example that is driving the need for cloud intrusion protection software. The overall growing adoption of cloud services and the growing threats faced by the organizations in this region is pushing the deployment of cloud security software. The investments in this sector are also expected to grow exponentially over the forecast period. The United States is expected to maintain its dominance on the market over the forecast period.
Enquiry Before Buying@ https://marketprognosis.com/enquiry/16271
About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
Contact us:
ProgMarkPvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cloud Security Software Market Top Key Players are TRENDMICRO, SYMPLIFIED, CA TECHNOLOGIES, MCAFEE, IBM, CIPHER CLOUD, SAFENET, VMWARE, MICROSOFT, DELL here
News-ID: 1213021 • Views: …
More Releases from Market Prognosis

Third-Party Logistics (3PL) Market Latest Study Focuses On Current, Future Innov …
The report covers a forecast and an analysis of the Third-Party Logistics (3PL) Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Third-Party Logistics (3PL) Market:
The report spread across 90 pages is an overview of the Global Third-Party Logistics (3PL) Market. These report study based on the Third-Party…

Ride-Hailing Market: An Insight on the Important Factors and Trends Influencing …
The report covers a forecast and an analysis of the Ride-Hailing Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Ride-Hailing Market:
The report spread across 90 pages is an overview of the Global Ride-Hailing Market. These report study based on the Ride-Hailing Market. It is a complete overview…

COVID-19 Impact on Professional Indemnity Insurance Market 2021-2026: Industry I …
The report covers a forecast and an analysis of the Professional Indemnity Insurance Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Professional Indemnity Insurance Market:
The report spread across 90 pages is an overview of the Global Professional Indemnity Insurance Market. These report study based on the Professional…

Modular Construction Market Future Growth Explored in Latest Research Report by …
The report covers a forecast and an analysis of the Modular Construction Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume.
Overview of the Global Modular Construction Market:
The report spread across 90 pages is an overview of the Global Modular Construction Market. These report study based on the Modular Construction Market. It…
More Releases for IDS
Vape Detection Systems from IDS Security
As vaping becomes more and more popular, warnings are being sounded about how this practice might be affecting our health. Studies increasingly show that vaping has an impact on the cardiovascular and neurological health and development of teens and young adults. Not only do vapes contain nicotine, they can also contain known carcinogens and other toxins like lead or arsenic.
Cardiff-based security specialists IDS Security Systems Ltd recently started installing…
IDS: Accredited Security System Installers
Security systems are invaluable pieces of equipment that ensure the protection of your property, your family, and your belongings. You can't put a price on safety - which is why we're proud to supply a service that is important to the welfare and protection of our customers.
From barriers and CCTV cameras to intruder alarms and fire alarms, our team have over 20 years experience in protecting our customers.
After achieving…
Attend Our Workshops at IDS Colgne, Germany
At IDS Cologne (March 21-25, 2017 at Cologne Germany), we will be part of a global dental realm that will be present there to showcase the latest advancements, topics-of-interest and innovations in the dental industry. All the companies, professionals, and leaders of dental arena will be discussing the present and future of the oral health realm. IDS will further include lectures, workshops, symposia and various conferences along with a host…
IDS Logic Launches New Web Site
IDS Logic Pvt. Ltd, a leading IT outsourcing company providing Web hosting, Web designing, offshore software development and online marketing services, has redesigned its corporate Web site to address the increasing demand for IT outsourcing services. Visitors to IDS Logic can experience the ‘all-new look and feel’ at the new Web site www.idslogic.com.
With millions of Web sites on Internet, search engine optimization has become the first and foremost priority…
IDS Logic Launches Its Web Hosting Website
IDS Logic Pvt. Ltd is a leading IT company providing various services like web hosting, web designing, offshore software development and online marketing. The company’s offshore development centre is located in Noida NCR, Delhi, with its support as well as sales panels in UK and USA. IDS Logic caters to clients with all sorts of web hosting needs.
Today’s constantly changing as well as challenging business environment has forced most…
New Contact Whitepaper Authors Feature on IDS-Water
Visitors to IDS-Water can now post queries, provide feedback, and discuss current trends with whitepaper authors.
In their efforts to constantly upgrade user benefits, IDS-Water has introduced a new feature in the whitepaper section, which allows readers to directly contact the authors, thereby creating an environment conducive to information sharing, and specifically for receiving expert opinions.
The premier online community for the water industry showcases a library of water industry specific whitepapers…