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Global cloud security market is estimated to grow with 25% CAGR during the forecast period 2016-2023. The availability of different variables, the rising pattern of BYOD and CYOD strategies, adaptability and operation to oversee cloud security administrations and expanding interest for distributed computing by small and medium scale organizations are some of the factors contributing to the growth of global cloud security market. Global cloud security market is primarily driven by following factors:
Source: OBRC Analysis
The global cloud security market segments include size, deployment, industry verticals, service, and security. Size segment is sub segmented into:
Deployment is sub segmented into:
Industry vertical is sub segmented into:
Service is sub-segmented into:
Security is sub-segmented into:
The revenue for the above industrial vertical segments is specific to the cloud security market. However, the total revenue of these verticals in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up security segment.
Geographically, the global cloud security market is segmented into:
North America was the largest market for cloud security in 2014 that accounted for maximum share of global cloud security market due to the increase in adoption of cloud security services in enterprise environment. Moreover, cloud security services are gaining popularity as these offer greater flexibility to users and provide a superior features such as scalability, agility, business continuity, and reduction in costs. The global cloud security market, in current situation few major players including Intel Security Group (McAfee, Inc.), Symantec Corporation, CA Technologies, Inc., Trend Micro, Inc., Trustwave Holdings, Inc. and IBM Corporation are dominating the market.
The global cyber security report is segmented on the basis of type, solution, service, vertical, and region. The cyber security segment includes network security, endpoint security, application security, content security, and wireless security & cloud security. The services are further segmented as consulting, design & integration, risk & threat assessment, managed security services, and training & education. The market is segmented into solutions such as identity and access management, risk and compliance management, encryption, data loss prevention, unified threat management, firewall, antivirus and antimalware, Intrusion Detection System (IDS)/Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), disaster recovery, Distributed Denial of Service (DDoS) mitigation, and white listing. In addition, the report classifies the industry verticals as aerospace, defense, and intelligence; government; Banking, Financial Services, and Insurance (BFSI), telecommunication, healthcare, retail, manufacturing and others.
The major market players of the global cloud security market are:
Detailed analysis of these companies provided in this report comprises of overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as mergers & acquisitions, collaboration, partnership and product launching. Example: IBM acquired Agile 3 solutions on March 1, 2017. Agile 3 is a cyber-security company which provides security analytics dashboard to understand breach alerts and security risks. By this acquisition IBM will enhance its expertise in cyber-security space. Moreover, Cisco acquired OpenDNS on June 30, 2015. This acquisition led Cisco to enhance its security solutions with broad visibility and threat intelligence.
Why to buy the report:
This report will:
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global cloud security market offers the longest chain of market segmentation covering major market segmentation based on security type, solution, and service and industry application. The report tracks the major market trends in the global cloud security market such as growing incidences of cloud specific attacks, growing adoption of cloud based security services and so on. For each market segments covered in global cloud security market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the cloud security industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force model and so on. For the high-level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global cloud security market: