Cloud-Based Security Services Market Worth $8.71 Billion by 2019 at an Estimated Compound Annual Growth Rate (CAGR) of 15.7%

Cloud-based Security Services Market research report majorly focuses on services, deployment, industry verticals, market drivers, restraints, trends, opportunities, and challenges.(http://www.marketsandmarkets.com/Market-Reports/cloud-security-market-100018098.html).

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Major key players in Cloud-based Services Security Market are CA Technologies, Fortinet, Mcafee, Panda Security, Sophos, Symantec, Simplified and many more.

(PRWEB) June 08, 2014

The report “Cloud Security Market (Cloud IAM/IDAASS, DLP, Web Security, Email Security, Cloud IDS/IPS, SIEM, Encryption Services, BCDR, Network Security, Cloud Database Security, Virtualization Security) - Global Advancements, Forecasts & Analysis (2014-2019)” segments the global market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.

1)    Browse 58 market data tables
2)    14 figures spread through 146 pages
3)    In-depth TOC on “Cloud Security Market (Cloud IAM/IDAAS, DLP, Web Security, Email Security, Cloud IDS/IPS, SIEM, Encryption Services, BCDR, Network Security, Cloud Database Security, Virtualization Security) - Global Advancements, Forecasts & Analysis (2014-2019)”

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The increase in the adoption of cloud computing, and growing demand for managed security services are playing a major role in shaping the future of cloud-based security services market. Even though there are various on-premise solutions available for all types of security, cloud security is of prime importance for businesses who want to reduce CAPEX and support growing number of remote work force. Cloud vendors provide better security solutions and are compatible with the complex cloud processing. It also enables the companies to become cost-efficient, scalable and increase the business agility. The big players in this market which contribute to the lion’s share of market are CA Technologies, IBM, Symantec, Symplified, Fortinet, McAfee, Sophos, Trend Micro, Zscaler, and Panda Security.

MarketsandMarkets has segmented the global cloud security market by:
1)    Services: Cloud IAM/IDaaS, data loss prevention, web security (WAF), email security, cloud IDS/IPS, SIEM (log management and analysis), encryption, BCDR, network security, cloud database security, and virtualization security.
2)    Deployment: Public, private, and others (hybrid and community).
3)    Industry verticals: Government and public utilities, IT and telecommunication, healthcare and life sciences, BFSI, retail, manufacturing, transportation and others.
4)    Geographical Regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).

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The major forces driving this market are accelerated adoption of cloud computing, growing cloud specific attacks, absence of strict regulations on Cloud Service Providers (CSPs) and increase in need of identity and access management. The prime opportunity which is expected to boost this market is increase in adoption of cloud computing by Small and Medium Size Businesses (SMBs).

The cloud security market is growing rapidly with the increasing use of multi-platform devices and huge workforce accessing the private networks from cross border offices. The cloud based security services market is segmented on the basis of the services, industry verticals and the deployment models. The various services provided by the cloud security vendors include cloud IAM/IDaaS, data loss prevention, web security (web application firewall), email security, cloud IDS/IPS, encryption, SIEM, BCDR, network security, cloud database security and virtualization security. In current scenario it has become extremely important for the companies to maintain identity and access of their employees, which has resulted cloud IAM/IDaas to become the most popular cloud security services. Email and web security services have also gained traction due the growing business security risks associated with it.

MarketsandMarkets expects an increasing adoption of the cloud security services as major vendors are bringing cost effective and technologically advanced solutions and are aggressively investing and rigorously working towards research and development of the cloud security solutions.

MarketsandMarkets expects cloud security market to grow from $4.2 billion in 2014 to $8.71 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 15.7% from 2014 to 2019.

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