Published by news degree
Posted on August 4, 2021
The global Cloud Security Market is expected to reach USD 32.39 Billion by 2027. Escalating BYOD (Bring Your Own Device) trend in various organizations is driving the growth of the cloud security market. BYOD helps in reducing hardware procuring and maintenance, which is beneficial in reducing organizational cost. Nevertheless, the key challenge with BYOD is providing security to a wide variety of devices, thereby persuading enterprises to opt for SaaS solutions as they have the capability to offer enhanced data security and reducing the chances of user error. According to a study conducted in 2018, around 59.0% of firms allow employees to bring their own devices at work, and around 13.0% propose to go for it in the future. According to another study, about 87.0% of companies let employees access business apps via their personal devices.
A rise in the rate of cybercrimes, owing to a growth in digitalization, is driving the market demand. Cybercrimes have witnessed a rapid growth, thus, leading to a growing need for cloud security solutions. Moreover, the instances data theft cases have seen an exponential rise in the last couple of years, attributed to an increased digital content generation and inappropriate security measures to protect corporate and financial data. Financial Intuitions and IT & telecom are the industries that are most targeted by cybercriminals.
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Key participants include
IBM Corporation, Cisco Systems Inc., Fortinet Inc., BMC Software Inc., Intel Corp., McAfee, Sophos Ltd., Symantec Corporation, VMware, and Trend Micro Inc., among others.
Further key findings from the report suggest
By service model, software-as-a-service (SaaS) contributed to the largest market share in 2019 and is expected to grow at a rate of 22.1% in the forecast period. SaaS solutions exist in cloud environments that are integrated with other SaaS offerings and can be scaled. Also, it removes the upfront cost associated with purchase/installation, along with on-going expenses such as maintenance and upgrades.
By service type, application security is projected it witness the fastest growth rate of 24.3% in the forecast period. Increasing cyber threats and organizational employees’ often storing and sharing data in cloud applications is driving the demand for this service type.
By deployment type, public cloud dominated the market in 2019. The key benefits of government public cloud is that big players in the market offer excellent security available in the market, modern technology, controlled access, and regular penetration testing, among others.
By organization size, large organization held a larger market share of over 60.0% in 2019.
By application, the BFSI industry contributed to the largest market share in 2019 and is estimated to grow at a rate of 22.3% in the forecast period. A rise in cyber-threat is driving the demand for cloud security for financial institutions, as well as the breached data exposes opportunities for instant and future crimes. The cloud security offers a very high level of data protection, particularly for sensitive data that comprises customer information.
The market in the Asia Pacific region is projected to grow at the fastest rate of 23.9% in the forecast period, attributed to a growing deployment of the technology in several applications due to several factors such as the prevalence of BYOD trend in several enterprises in the region.
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For this report, Reports and Data have segmented into the global Cloud Security market on the basis of resin type, composite phases, industry vertical, and region:
Service Model Outlook (Revenue, USD Million; 2017-2027)
Infrastructure-as-a-Service (IaaS)
Software-as-a-Service (SaaS)
Platform-as-a-Service (PaaS)
Service Type Outlook (Revenue, USD Million; 2017-2027)
Application Security
Endpoint Security
Database Security
Network Security
Web & Email Security
Deployment Type Outlook (Revenue, USD Million; 2017-2027)
Private Cloud
Public Cloud
Hybrid Cloud
Organization Type Outlook (Revenue, USD Million; 2017-2027)
Small & Medium Sized Enterprises
Large Enterprises
Application Outlook (Revenue, USD Million; 2017-2027)
BFSI
IT & Telecom
Government
Healthcare
Education
Media & Entertainment
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/report-detail/cloud-security-market
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Cloud Security Market Analysis, Region & Country Revenue Share, & Forecast Till 2027 | Top Companies IBM Corporation, Cisco Systems, Fortinet, BMC Software, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The global Cloud Security Market is expected to reach USD 32.39 Billion by 2027. Escalating BYOD (Bring Your Own Device) trend in various organizations is driving the growth of the cloud security market. BYOD helps in reducing hardware procuring and maintenance, which is beneficial in reducing organizational cost. Nevertheless, the key challenge with BYOD is providing security to a wide variety of devices, thereby persuading enterprises to opt for SaaS solutions as they have the capability to offer enhanced data security and reducing the chances of user error. According to a study conducted in 2018, around 59.0% of firms allow employees to bring their own devices at work, and around 13.0% propose to go for it in the future. According to another study, about 87.0% of companies let employees access business apps via their personal devices.
A rise in the rate of cybercrimes, owing to a growth in digitalization, is driving the market demand. Cybercrimes have witnessed a rapid growth, thus, leading to a growing need for cloud security solutions. Moreover, the instances data theft cases have seen an exponential rise in the last couple of years, attributed to an increased digital content generation and inappropriate security measures to protect corporate and financial data. Financial Intuitions and IT & telecom are the industries that are most targeted by cybercriminals.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2955
Key participants include
IBM Corporation, Cisco Systems Inc., Fortinet Inc., BMC Software Inc., Intel Corp., McAfee, Sophos Ltd., Symantec Corporation, VMware, and Trend Micro Inc., among others.
Further key findings from the report suggest
By service model, software-as-a-service (SaaS) contributed to the largest market share in 2019 and is expected to grow at a rate of 22.1% in the forecast period. SaaS solutions exist in cloud environments that are integrated with other SaaS offerings and can be scaled. Also, it removes the upfront cost associated with purchase/installation, along with on-going expenses such as maintenance and upgrades.
By service type, application security is projected it witness the fastest growth rate of 24.3% in the forecast period. Increasing cyber threats and organizational employees’ often storing and sharing data in cloud applications is driving the demand for this service type.
By deployment type, public cloud dominated the market in 2019. The key benefits of government public cloud is that big players in the market offer excellent security available in the market, modern technology, controlled access, and regular penetration testing, among others.
By organization size, large organization held a larger market share of over 60.0% in 2019.
By application, the BFSI industry contributed to the largest market share in 2019 and is estimated to grow at a rate of 22.3% in the forecast period. A rise in cyber-threat is driving the demand for cloud security for financial institutions, as well as the breached data exposes opportunities for instant and future crimes. The cloud security offers a very high level of data protection, particularly for sensitive data that comprises customer information.
The market in the Asia Pacific region is projected to grow at the fastest rate of 23.9% in the forecast period, attributed to a growing deployment of the technology in several applications due to several factors such as the prevalence of BYOD trend in several enterprises in the region.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2955
For this report, Reports and Data have segmented into the global Cloud Security market on the basis of resin type, composite phases, industry vertical, and region:
Service Model Outlook (Revenue, USD Million; 2017-2027)
Infrastructure-as-a-Service (IaaS)
Software-as-a-Service (SaaS)
Platform-as-a-Service (PaaS)
Service Type Outlook (Revenue, USD Million; 2017-2027)
Application Security
Endpoint Security
Database Security
Network Security
Web & Email Security
Deployment Type Outlook (Revenue, USD Million; 2017-2027)
Private Cloud
Public Cloud
Hybrid Cloud
Organization Type Outlook (Revenue, USD Million; 2017-2027)
Small & Medium Sized Enterprises
Large Enterprises
Application Outlook (Revenue, USD Million; 2017-2027)
BFSI
IT & Telecom
Government
Healthcare
Education
Media & Entertainment
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/report-detail/cloud-security-market
Have a Look at Related Reports:
Tag Management System Market By Component (Tools and Services), By Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), By Deployment Type (On-Premise and Cloud), By Application, And By End-Users, 2016-2026
GPU Database Market By Component (Tools And Services), By Deployment Type (On-Premise And Cloud), By Application (Governance, Risk, And Compliance, Threat Intelligence, Customer Experience Management, Fraud Detection And Prevention, Supply Chain Management, And Others), And By End-Users, 2016-2026
File Integrating Monitoring (FIM) Market Size, Share And Industry Analysis By Component (Software, Services), By Installation Mode (Agent-based, Agentless), By Organization Size (Small and Medium enterprises, Large Enterprises), By Deployment Mode (On-Premises, Cloud), By Industry Verticals (BFSI, Retail, Manufacturing, Government, Healthcare, Media and Entertainment, Education) And Region, Segment Forecasts To 2026
Endpoint Detection and Response Market Size, Share And Industry Analysis By Component (Software, Services), By Enforcement Point (Mobile Devices, Servers, Workstations, Point of Sale Terminals), By Organization Size (Small and Medium enterprises, Large Enterprises), By Deployment Mode (On-Premises, Hosted/Managed, Hybrid), By Industry Verticals (BFSI, Government, Healthcare and Life Sciences, Retail and E-Commerce, Travel and Hospitality, Manufacturing, IT and Telecommunication, Others) And Region, Segment Forecasts To 2027
Data Center Colocation Market By Type (Retail Colocation and Wholesale Colocation), By Organization Size, By Industry Vertical, And Segment Forecasts, 2016-2026
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Cloud Security Market Analysis, Region & Country Revenue Share, & Forecast Till 2027 | Top Companies IBM Corporation, Cisco Systems, Fortinet, BMC Software, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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