Radiance Market Research forecasts the cloud security market to grow to 18.5 USD Billion by 2024

Radiance Market Research revealed an exclusive market research report on the global cloud security market. The report helps key executives in understanding the global scenario by giving them a picture of the market size in USD billion, driving factors, burning issues, and business landscape. The report would help executives in devising a strategy that would help to increase their sales and maximize their ROI.

Report Link: https://radiancemarketresearch.com/report-cloud-security-market/

The cloud services have revolutionized the business world. The impact of the cloud has transformed the businesses and motived many to move to the cloud environment. The cloud services benefit the businesses in terms of convenient usability, no hardware overhead, and attractive pricing. All major businesses from leading industries such as Banking, Financial Services, and Insurance (BFSI), IT & telecom, healthcare, retail, government, and various others are moving or migrated to the cloud environment. Cloud models such as private, public, and hybrid are being chosen based on the confidentiality of data and preferences of enterprises.

With the growing businesses and smarter industries, the threat landscape has increased multifold. The attackers from across the globe targeting vulnerable devices and networks. With complex networks and higher computational power of devices, the attack intensity on such networks and devices has increased multifold. Legacy security solutions are incapable of handling such attacks and pave way for newer cloud-based security solutions. Security vendors have transformed their on-premise solution to a cloud offering with an aim to offer complete security for enterprises. Cloud security solution functions on web browsers and always kept updated with the latest signatures and patches.

Significant cloud security solutions available in the market include:
o Email Gateway Protection
o Web Gateway Protection
o Identity and Access Management (IAM)
o Vulnerability Assessment
o Security Information and Event Management (SIEM)
o Encryption
o Continuous Monitoring
o Intrusion Management
o Others

Radiance Market Research forecasts the cloud security market to grow from USD 8.2 Billion in 2019 to USD 18.5 Billion in 2024. IAM and SIEM are the growth segments expected to grow at high rates. The competitive landscape remains intense with various leading tier 1 security giants enjoying significant market share. However, the leading players are also challenged immensely by challenging enterprises which may be SME or startups. Advancement of machine learning and Artificial Intelligence (AI) is forming the core of the security solution. Algorithms are being highly tested for their accuracy and latency.

Driving forces:
o Increased instances of attacks
o ML and AI advancements
o Cloud becoming mainstream
o BYOD and mobile world connectivity
o Attractive pricing

Reach out to Radiance Market Research to know more about cloud security use cases, case studies, GTM strategies and competitive landscape, and competitive quadrants.

Contact:
Fazal Swale S
Radiance Market Research
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Website: https://radiancemarketresearch.com/
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About Radiance Market Research
Radiance Market Research is a B2B research and consulting company that serves both large enterprises and SMEs. Industry Verticals served by Radiance Market Research include ICT, Electronics and Semiconductors, and Energy and Power. The company's business model includes both syndicate market research study and consulting.

This release was published on openPR.