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Cloud Security to Play an Important Role in Changing Security Assessment Marketspace - Report by MarketsandMarkets™

10-16-2018 09:44 AM CET | IT, New Media & Software

Press release from: MarketsandMarkets

Cloud Security to Play an Important Role in Changing Security

According to recent research "Security Assessment Market by Security Type (Endpoint Security, Network Security, Application Security, Cloud Security), Assessment Type, Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2022", The security assessment market was valued at USD 1.26 Billion in 2017 and projected to reach USD 4.03 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Browse 64 market data Tables and 38 Figures spread through 131 Pages and in-depth TOC on "Security Assessment Market"
https://www.marketsandmarkets.com/Market-Reports/security-assessment-market-128992392.html
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Cloud security segment is expected to play a key role in the security assessment market

The cloud services segment is expected to play an important role in changing the security assessment marketspace and grow at the highest CAGR during the forecast period. Security assessment services help organizations evaluate their existing security posture and then align it to their desired cyber security goals and strategies eventually provide robust security the business critical applications. Additionally, they help organizations to meet PCI DSS, HIPAA, SOX, NERC CIP, FISMA, and other regulatory compliances.

Hosted deployment mode is expected to be the fastest-growing deployment mode in the security assessment market

In the security assessment market, the hosted deployment mode is expected to be the fastest-growing segment, as it offers organizations with increased scalability, speed, round the clock services, and improved management capabilities. Additionally, such hosted or cloud-based security assessment services are available in accordance with the customer’s demand, wherein enterprises can start, stop or modify any service, as per their requirement.

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North America is estimated to hold the largest market size in the security assessment market in 2017

North America is expected to have the largest market size in the security assessment market, due to the presence of a large number of security assessment service providers and the early adoption trends in the developed countries in the region. Asia Pacific (APAC) is expected to be the fastest-growing region during the forecast period, owing to factors such as growing need to protect critical applications and data in organization, and upcoming stringent regulatory compliances. Furthermore, the market in developing regions, such as the Middle East and Africa (MEA) and Latin America is expected to grow due to the increasing adoption of enterprise mobility and cloud computing, technological proliferation across banking and retail sectors, along with regulatory compliances.

Major vendors in the security assessment market include Kaspersky (Russia), IBM (US), FireEye (US), Optiv Security (US), Qualys (US), Trustwave (US), Veracode (US), Check Point (Israel), Absolute Software (Canada), Rapid7 (US), Cynergistek (US), and Positive Technologies (UK).

IBM has been an established player with a widespread channel to provide security services across the globe. The company adopts both organic and inorganic growth strategies to enhance its market presence.

Qualys is another established vendor in the security assessment market. The company has a strong presence in the US market. It focuses on both organic and inorganic growth strategies to tap opportunities of the security assessment market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
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Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

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