Cloud Security Market Growth Factors, Top Manufacturers, Product Types, Applications And Forecast To 2025

Cloud Security Market is valued at USD 3967.5 Million in 2018 and expected to reach USD 18602.9 Million by 2025 with the CAGR of 24.7% over the forecast period.

Increasing threat of cybercrime and targeted attacks, growing digital transformation in the education, telecom industry, media and entertainment sectors around the world are some of the major factors driving the growth of Global Cloud Security Market.

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Cloud security is  a wide set of policies, technologies  and applications that used to protect data, applications, virtualized IP,  services and the associated infrastructure of cloud computing. It is a subdivision of a domain of network security, computer security and information security. It helps to protect data and various applications of computers from cloud-attacks and non-ethical access by providing secure network and information. Challenges relating security and privacy suitable for cloud computing are also delivered by cloud security services and solutions. The design of cloud security is more effective for giving preventive, corrective and detective controls. It is used to develop the security abilities of cloud providers and evaluates their individual risk. Cloud security design is effective only if the correct defensive implementations are in place. Organizations use the cloud in a variety of different service models such as SaaS, PaaS, and IaaS and deployment models like private, public and hybrid.

Global Cloud Security Market is segmented on the basis of service type, device type, industry vertical and region & country level. Based upon service type, cloud security market is classified into cloud identity and access management, data loss prevention, email & web security, cloud database security and network security. Based upon deployment type, cloud security market is classified into public cloud, private cloud and hybrid cloud. Based upon industry vertical, cloud security market is classified into government, banking, financial services, and insurance (BFSI), IT and telecommunication, healthcare and pharmaceuticals and others

The regions covered in this cloud security market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of cloud security is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Global Cloud Security Market Dynamics–

Increasing threat of cybercrime and targeted attacks, growing digital transformation in the education, telecom industry, media and entertainment sectors around the world are some of the major factors the growth of cloud security markets. According to US government report, The U.S. recorded entertainment sector enjoyed a trade surplus of USD 10.3 billion in 2016 and Live and recorded music sales are rising and digitally recorded music is expected to grow just under USD 1 billion in 2019. In addition, growing adoption of cloud computing by small and medium sized enterprises (SMSE), increasing use of smartphones and growing number of internet users and growing adoption of cloud services are also supplementing the adoption of cloud security solutions. As per World Bank, from 2006 to 2016, the number of internet user, has increased by nearly 28% from 206.01 million to 286.94 million in the U.S Furthermore, continued popularity of smartphones, tablets and eReaders are also expected to fuel the growth cloud security market in coming years. According to Cellular Telecommunications Industry Association, the total number of mobile wireless connections in the U.S. was over 400 million in 2017.

Global Cloud Security Market Segmentation:–

By Service Type: Cloud identity and access management, Data loss prevention, Email & web security, Cloud database security, Network security

By Industry Vertical: Government, Banking, financial services, and insurance (BFSI), IT and telecommunication, Healthcare and pharmaceuticals, Others

Cloud Security Market Regional Analysis–

North America is dominating the global cloud security market with the potential rate due to rising digital transformation in the education, telecom industry and increasing internet users rapidly in this region. In addition, media and entertainment sectors are also supplementing the growth of the global cloud security market. According to World Bank, it was recorded that almost 287 million internet users accessed the web from United States.

Cloud Security Companies:

Cloud security market report covers prominent players are,

  • Trend Micro, Inc.
  • Cisco Systems, Inc.
  • Fortinet, Inc.
  • CA Technologies, Inc.
  • IBM Corporation
  • Symantec Corporation
  • Panda Security
  • Sophos Ltd.
  • McAfee, Inc
  • Others

Top Companies in the Global Cloud security Market:

Sophos –

Sophos is securing more than 400,000 small to big scale organizations in more than 150 countries from most sophisticated cyber threats. The company’s cloud oriented and AI-enhanced solutions are able to ensure secure endpoints and networks against evolving cybercriminal tactics and techniques. Sophos is a global leader in next-generation cybersecurity. The company’s central cloud native management platform incorporates Sophos’ entire portfolio of next-generation products containing the Intercept X endpoint solution and the XG next-generation firewall, into a one stop single synchronized security system which is accessible through a set of APIs. Sophos sells its products and services through a large distribution channel of more than 53,000 partners and managed service providers (MSPs). The company has been awarded as a best security company by SC awards Europe 2020 and was highly applauded in the best cloud computing security solution category.

CipherCloud –

CipherCloud is one of the world’s leading companies in cloud data security allows organizations to adopt the cloud providing secure data protection, compliance, and advanced technology. CipherCloud provides a wide-ranging multi cloud security platform that incorporates adaptive policy controls, advanced data protection, and cloud risk analysis. The company offers its products and solutions to the world’s largest financial services, telecommunication, and insurance, healthcare, and government organizations in more than 25 countries. CipherCloud was entitled Cloud Computing Security Product of the Year by SC Magazine. More than 3 Million users secure their cloud related data with ciphercloud adaptive access control.

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