Cloud Security Market Easier to Manage, Efficient, & can Provide High Levels of Security

On the basis of deployment, the global cloud security market is segmented into public cloud, private cloud and hybrid cloud. Among these types, hybrid cloud security market accounted for the largest share in 2014. A hybrid cloud service is a cloud computing model that enables the user to manage workload in public, on-premise, and private cloud.

The user can move the data from available cloud deployments in less time and with more flexibility. The demand for hybrid cloud services is expected to increase in the coming years due to flexibility in storing data.

Hybrid cloud helps the user to categorize critical data and store it in different cloud deployments. Hybrid cloud increases security risks due to continuous movement of data between clouds. Therefore, the market for cloud security is expected to increase in hybrid cloud services in the coming years.

The application of cloud IAM, data loss protection, and SIEM is also expected to increase in hybrid cloud security in the future. Companies such as Intel Security Group, Trend Micro, Inc., and IBM Corporation have started providing hybrid cloud services.

In terms of cloud security adoption in end-use segments, IT and telecommunication industry accounted for the largest share in 2014. Large IT businesses use cloud computing in their daily operations and for transferring huge amounts of encrypted data across the enterprise.

Due to outsourcing of IT services, the demand for cloud computing is expected to increase in the IT industry in coming years. The use of cloud computing among telecom carriers is expected to increase due to increasing adoption of android-based phones among end-users.

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Most of the telecom carriers are providing subscription-based cloud storage services to their end-users. This is expected to increase the market for cloud security in these industries in the future.

On the basis of service type, data loss prevention service accounted for the largest share in 2014. Data loss prevention (DLP) helps to track and protect data that is in use on network or at rest in storage through deep content inspection and security analysis. DLP acts in compliance with the security policies of an organization.

Hence, the level of protection of confidential data can be controlled by an organization through DLP’s centralized management framework. DLP is able to detect files and prevent it from leaving the organization’s private cloud through any removable devices. It provides a 360 degree view of the data flow across an organization.

DLP monitors emails, instant messages, documents accessed, web pages viewed, and keywords typed by employees, thus protecting possible data loss. Hence, the application of DLP is expected to increase in the cloud security market in the coming years.

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