Cloud Security Market : Technological Advancements, Evolving Industry Trends and Insights

Growing need for data security and prevention of data loss and theft are driving the global cloud security market. Companies need to protect privileged and confidential information such as intellectual property information, employee information, patents as well as pending patents, nondisclosure agreements, financial information, and others. Cloud-based security services have an edge over traditional premises-based models.

These services are easier to manage, efficient, and can provide high levels of security. Many organizations started adopting cloud-based security services to benefit from its numerous advantages such as agility, cost cutting, and flexibility of IT infrastructure.

Flexibility and ease of operation to manage cloud security services, increasing demand for cloud computing by small and medium scale businesses (SMBs) and proliferation of handheld devices along with rising trend of bring your own device (BYOD) and choose your own device (CYOD) has magnified the demand for cloud security services, globally.

Obtain Report Details @
http://www.transparencymarketresearch.com/cloud-security-market.html

Cloud-based services are gaining popularity owing to the unique benefits provided to users such as scalability, agility, business continuity, flexibility at work practices, and reduction in costs. The cloud security market is anticipated to expand at a CAGR of 12.8% during the forecast period from 2015 to 2022.

However, lack of awareness and skeptical nature of enterprises towards adoption of cloud services are some of the factors inhibiting the growth of this market.

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.

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.

Make an Enquiry @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=197

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.

North America was the largest regional market for cloud security in 2014. Growth in North America is mainly attributed to the wide adoption of cloud security services in enterprise environment. In addition, Asia-Pacific market is expected to show strong growth owing to the rising trend of BYOD and CYOD policies and superior advantages of cloud security services.

The key market players focus on inorganic growth through mergers and acquisitions in order to get a competitive edge in the global cloud security market. Big players in the market acquire smaller players to expand their businesses as well as geographical presence.

The global cloud security market, in current situation shows the dominance of few players including Intel Security Group (McAfee, Inc.), Symantec Corporation, CA Technologies, Inc., Trend Micro, Inc., Trustwave Holdings, Inc. and IBM Corporation.

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.