Cloud Assurance Market is expected to Grow at a CAGR Of 17.12% - Forecast to 2023

The era of digitization across the globe is changing the procedures of data storage to enhance the productivity of the business in competitive environment. IT business is growing with rapid pace due to technological advancements in IT sector which helps the business to reach the utmost heights with huge amount of data. The competitive business environment across the globe needs to diversify the business into several sectors which raise the complexity and further leads to data loss or leakage. The cloud assurance services are taking care of data leakage and prevent the data from mishandling in order to optimize the resources of the business and to diversify into several sectors. Moreover, the fluctuation in business and addition of resources to meet desired goals of business consecutively increase the data for the management of different processes of business. In order to maintain the data and prevent the data from theft or loss, the need of cloud assurance is likely to grow in near future. Organizations across the globe increasing their trust on protection and management of data to secure computing environment, thus cloud assurance grows in importance.

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Enterprises are moving towards cloud technology for flexibility and to minimize the outlay in order to maintain lucrativeness. The ease of data handling and security through cloud assurance is probably help to minimize the burden and threat of data mishandling from the organizations.

Market size and forecast

The global cloud assurance market reached USD 3.55 Billion in 2013 and the market is expected to flourish over the forecast period i.e. 2015-2023. The cloud assurance market is expected to expand significantly at a CAGR of 17.12% during the forecast period 2015-2023 globally.

Implementation of cloud assurance across the globe by all type of enterprises is expected to showcase a significant growth over the forecast period i.e. 2015-2023. North America accounted the largest revenue share in cloud assurance market in 2015 and it is expected to maintain its dominance in the market of cloud assurance across the globe over the forecast period 2015-2023. European region is expected to be the second largest share contributor in terms of revenue across the globe followed by Asia-Pacific region over the forecast period i.e. 2015-2023. Rapid pace in urbanization in both the regions and growing IT sector in the regions are some of the major factors expected to spur the demand for cloud assurance services and solutions during the forecast period 2015-2023.

Market Segmentation

The Global Cloud Assurance Market is segmented on the basis of as follows:

Analysis By Security Type

Network Security
Content Security
End-point Security
Wireless Security
Application Security

Analysis By Solution Type

IAM (Identity And Access Management)
Encryption
DLP (Data Loss Protection)
Antivirus and Anti-Malware Intrusion Prevention System
Risk and Compliance Management
Firewall Unifies
Threat Management System
Web Filtering

Analysis By Service type

Consulting
Design and Integration
Managed Security Service
Training and Education

Analysis By Industry

Aerospace
Banking, Financial service and insurance (BFSI)
Government Departments
Telecom
Healthcare
Retail
Manufacturing

Analysis By End-User

Small Enterprise
Medium Enterprise
Large Enterprise

By Region

Global Cloud Assurance Market is further classified on the basis of region as follows:

North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rest of World Market Size and Y-O-Y Growth Analysis

Growth Drivers and challenges

Increasing incidents related to security threats for data mishandling and frauds for intellectual and financial gains are affecting the businesses across the globe. To minimize the threats and to keep the data secure, business players are shifting towards cloud assurance. Moreover, the business players are focusing on diversification of business and expansion of product portfolio and workforce in the organization in order to participate in a long run of competition. There is a need to secure the data and systematic handling of data is vital to increase the efficiency of business processes. Apart from this, presence of advanced tools and solution for security of data and enormous availability of skilled professionals in IT sector are also the key factors expected to drive the market of cloud assurance over the forecast period i.e. 2015-2023.

Rising penetration of business and increasing data on account of drastic increase in IT hubs across the globe increases the necessity of data handling systems in enterprises. This aspect is believed to upsurge the growth of cloud assurance market in near future. Additionally, high cost of cloud assurance services and solutions, presence of international key players with high cost services are expected to hinder the growth of cloud assurance market across the globe over the forecast period i.e. 2015-2023.

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Key Players

The service providers of cloud assurance market as follows:

IBM Corporation
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials

CA Technologies
Microsoft Corporation
Cisco System Inc.
Hewlett Packard
Dell Technologies
Voltage Security
McAfee Security Systems

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Cloud Assurance Market is segmented as follows:

By Security type Market Size and Y-O-Y Growth Analysis
By Solution type Market Size and Y-O-Y Growth Analysis
By Service type Market Size and Y-O-Y Growth Analysis
By Industry type Market Size and Y-O-Y Growth Analysis
By End-user Market Size and Y-O-Y Growth Analysis

By Regions

North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rest of World Market Size and Y-O-Y Growth Analysis

Market Dynamics

Supply and Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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