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Cloud Security Market by Service Type (IAM, DLP, IDS/IPS, SIEM, and Encryption), Security Type, Service Model (IaaS, PaaS, and SaaS), Deployment Type (Public, Private, and Hybrid), Organization Size, Vertical, and Region - Global Forecast to 2022

Cloud Security Market: Global Forecast until 2022

  • April 2017
  • 171 pages
  • ID: 4877075
In this report:
APAC is estimated to account for ##.##% of the total market in 2017 and is expected to grow at the highest CAGR of ##.##% during the forecast period, led by sustained government investments in smart city projects.
Europe is projected to account for the second largest share of ##.##% in 2017 and is expected to grow at a CAGR of ##.##% during the forecast period, fueled by increased use of IoT technologies.


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Increasing adoption of BYOD and IoT trends is predicted to push the cloud security market

The cloud security market size is forecasted to grow from ~$4.1B in 2017 to ~$12.7B by 2022, at a CAGR of 25.50 percent. The cloud security market is influenced by factors, including increased adoption of Bring Your Own Device and Internet of Things (IoT0 trends, increase in adoption of cloud-based security solutions, growing demand for cloud computing & rising government initiatives, and emergence of smart cities. On the other hand, stringent government rules & regulations, risk of information loss, and lack of trust on cloud service providers may restrict the cloud security market's increase.

The application security segment is anticipated to grow at the maximal CAGR (Compound annual growth rate) during the estimate period

Institutions are deploying several cloud-based applications on their endpoints, resulting in the increase of high-profile attacks on applications. To secure the web and on-premises applications, institutions are continuously deploying cloud-based application security solutions. Therefore, the application security type is anticipated to increase at the maximal compound annual growth rate (CAGR) during the outlook period. Nevertheless, the web and email security type is planned to have the biggest sector size in 2017.

The data center security segment is anticipated to rise at the highest CAGR (Compound annual growth rate) during the estimate period

Software-as-a-Service service model is forecasted to dominate the cloud security market between 2017 and 2022 with the most important market share, due to the increasing demand for cloud-based applications. Infrastructure-as-a-Service is anticipated to play a main role in the cloud security market and may grow at the highest rise rate during the outlook period, as it offers security capabilities on its own infrastructure.

Asia Pacific (APAC) is intended to have the maximum growth rate during the estimate period

Asia-Pacific includes emerging economies, such as china (CN), Australia (AU), Singapore (SG), and India (IN), which are quickly deploying cloud security solutions. Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. This is primarily due to the growing adoption of IoT and BYOD trends in many industry verticals, including Banking, Financial Services, and Insurance, government, Information Technology & telecom, manufacturing, healthcare, and retail. Additionally, North America continent is forecasted to have the biggest industry size in 2017.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, innovative products & technology directors, and executives from numerous main institutions operating in the cloud security market.

- By Company Type: Tier 1: 50.0 percent, Tier 2: 30.0 percent, and 1/3 3: 20.0 percent

- By Designation: C-Level: 60.0 percent, Director Level: 20.0 percent, and Others: 20.0 percent

- By area: North america (NA): 15.0 percent, Europe: 15.0 percent, APAC: 40.0 percent, and RoW: 30.0 percent

The market research includes the study of main players offering cloud security services, including Trend Micro, Incorporated, Intel Security, Symantec (NASDAQ:SYMC), IBM (NYSE:IBM), Cisco systems, CA Technologies, Incorporated, CSC, and Fortinet, Incorporated.

Segment Research

The industry report includes the cloud security services across several verticals and localities. It aims at evaluating the market value and upcoming growth potential of this market across several segments, including service type, security type, service model, deployment type, organization size, market vertical, and area. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector, together with their company descriptions, main observations associated to product & business offerings, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global cloud security market and the sub-segments. This industry report will facilitate partners distinguish the competitor overview & gain more insights to better option their businesses and to plan suitable go-to-market approaches. The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

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