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The Global Cloud Security Market was valued at USD 3.43 billion in 2016 and is projected to reach USD 27.20 billion by 2025, growing at a CAGR of 25.86% from 2017 to 2025.
Cloud security is the protection of data stored online from theft, leakage and deletion. Cloud security methods include firewalls, penetration testing, obfuscation, tokenization, virtual private networks, and avoiding public internet connections. Benefits of cloud security include â€" low infrastructure investments, quickly scalable, efficient resource utilization, reduced time to market, usage-based cost, protection against DDoS, data security, regulatory compliance, and are flexible.
1. Market Drivers
1.1 Increasing adoption of advanced cloud security solutions
1.2 Rising demand of cloud services
1.3 Growing adoption of BYOD and IoT technologies
1.4 Growing government involvement
1.5 Emergence of smart cities
2. Market Restraints
2.1 Complexities with virtualized infrastructure
2.2 Strong government regulations
2.3 Increasing risk of data loss
2.4 Security and privacy concerns over cloud
The Global Cloud Security Market is segmented on the deployment model, security type, service type, organization size, service model, application, and region.
1. By Deployment Model:
1.1 Private Cloud
1.2 Public Cloud
1.3 Hybrid Cloud
2. By Security Type:
2.1 Network Security
2.2 Application Security
2.3 Database Security
2.4 Web and Email Security
2.5 Endpoint Security
2. By Service Type:
2.1 Data Loss Prevention (DLP)
2.2 Identity and Access Management (IAM)
2.4 Security Information and Event Management (SIEM)
2.5 Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
3. By Organization Size:
3.1 Large Companies
3.2 Small and Medium Businesses
4. By Service Model:
4.1 Platform-asâ€"a-Service (PaaS)
4.2 Software-as-a-Service (SaaS )
4.3 Infrastructure-as-a-Service (IaaS)
5. By Application:
5.2 IT and Telecommunications
5.3 Banking, Financial Services, and Insurance (BFSI)
5.6 Aerospace and Defense
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Cloudpassage, Inc.
2. Trend Micro, Inc.
3. Avanan, Inc.
4. CA Technologies
5. Imperva, Inc.
6. IBM Corporation
7. Sophos, PLC
8. McAfee LLC
9. Computer Science Corporation (CSC)
10. Zscaler, Inc.
11. Check Point Software Technologies Ltd.
12. Fortinet, Inc.
13. Symantec Corporation
14. Cisco Systems, Inc.
15. Qualys, Inc.
16. Ciphercloud, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Cloud Security Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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