Allied Market Research

Cloud Security Market Is Touted to Earn a Whopping $8.9 Billion by 2020

Cloud security network security solution & cloud identity and access management segments are expected to exhibit significant growth throughout the forecast period.

 

Portland, OR -- (SBWIRE) -- 02/27/2018 -- Growing trend of BYOD and upsurge in the adoption of cloud adoption across diverse verticals, such as healthcare, government, retail, IT & telecommunications, BFSI, and others, have fueled the growth of the market.

Get Summary of this Report @ https://www.alliedmarketresearch.com/cloud-security-market

Global cloud security market report, published by Allied Market Research, forecasts that the global market is expected to garner $8.9 billion by 2020, registering a CAGR of 23.5% during the period 2015-2020.North America dominates the global cloud security market, owing to growing adoption of cloud services in several industries in the region. However, Asia-Pacific region is expected to grow rapidly during the forecast period.

Cloud security encompasses a set of policies and controls, which cater to the security aspects of the cloud by protecting applications, data, and infrastructure. The cloud computing market is prone to threats such as data breaches, data loss, and insecure application programming interfaces (API). Therefore, there is growing need to provide a secure environment for both cloud providers and customers.

Get PDF Brochure of this report @ https://www.alliedmarketresearch.com/request-sample/783

The global cloud security market is segmented into type, end user, vertical, deployment, and geography. Based on end user, the market is segmented into large enterprises and small & medium enterprises. Large enterprises segment dominates the market, owing to increased adoption of cloud services and cloud security services. However, small & medium enterprises have witnessed significant increase in the adoption of cloud security services and the segment is expected to grow at a CAGR of 25.7% during the forecast period (2015 - 2020).

Geographically, market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (LAMEA).The prominent companies profiled in this report include Symantec Corporation, Intel Corporation, Hewlett Packard (HP) Company, Cisco Systems, Inc., IBM Corporation, Microsoft Corporation, Kaspersky Labs, and Dell Inc.