Traditionally the on-site setup of the security software resulted in the high cost of ownership including hardware, power, space and management. The Cloud Security Software circumvents these expenses as the cloud vendors are responsible for the maintenance, implementation, upgrades, backup and less interference of IT personnel. The mutual agreement between cloud service providers and security solution providers is one key trend upcoming in the market. As the market matures, cloud security is expected to become an integral part of cloud services, which will encourage cloud service providers to partner with security solution providers to provide security software and maintain their competitiveness. The Cloud Security market witnessed a high growth when many of the enterprises did make a move towards cloud technology for cost cutting, flexibility, maintenance and agility. This boom led to a rise into cloud specific threats which gave rise to cloud security solutions.
The Global Cloud Security Software market was valued at $xx billion in 2015 and is expected to reach $xx billion in 2020 which is growing at a Compounded Annual Growth Rate (CAGR) of 39.35% during the forecasted period 2015-2020. More and more SMBs are moving into cloud technology because of the lower cost of ownership and there are other driving forces to this market like increase in the data breaches in organizations resulting in heavy losses. The security and privacy issues such as ownership of the key management, lack of awareness and Availability of open source security software providers are the restraints to this market.
Mordor Intelligence has segmented the market by software such as Cloud Identity and Access Management, Cloud Intrusion Detection Prevention System, Cloud Email Security, Cloud Encryption, Cloud Network Security and Cloud Database Security.
The report provides an in-depth analysis of the Cloud Security Software market across different industry verticals and regions. Each of the segments is again categorized across the Geographical regions namely North America, Europe, Asia Pacific and Rest of World.
The Cloud Security Software market is competitive with major players such as CA Technologies, Trend Micro, Symantec, McAfee, IBM and Cipher Cloud. The other challenging players include Okta, EMC, Panda Security, Microsoft, Cisco, Websense, Fortinet, Dell, Sophos, Checkpoint, Barracuda Networks, Porticor, Safenet, Trustwave, Clearswift, HP, Juniper, Voltage Security, Perspecsys, Hitachi, PaloAlto Networks, Vaultive, Cyren and ZScaler.
Increased cyber-attacks and reported data breaches along with lower cost of ownership on cloud infrastructure are few factors that are going to drive the demand for cloud security software market.
Availability of open-source security software providers and other related security and privacy issues might affect the demand of this particular market in a negative manner.
What the report offers
Global Cloud Security Software Market Overview with information on drivers and restraints
Global Cloud Security Software Market Analysis and its applications in the industry
Identification of factors responsible for changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale
Extensively researched competitive landscape with profiles of major companies along with their market shares
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information