Aggressive Growth in Cloud Security Software Market Forecast Globally to 2019

 

 

 

 

 

 

DALLAS, February 21, 2015 /PRNewswire/ --

ReportsnReports.com adds Global Cloud Security Software Market 2015-2019 research report of 79 pages to its collection of cloud sector data under Information Technology industry intelligence in its research and data library.

The Global Cloud Security Software market is forecast to grow at 48.46% CAGR over the period 2014-2019 based on the fact that cloud security software eliminates connection-related expenditures because it is offered with a wide variety of connection options. Traditional on-site security software has a high total cost of ownership, as it includes high upfront software license and software implementation costs, coupled with high maintenance costs. Cloud security software circumvents these expenses, since cloud vendors are responsible for the implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration. Complete research is available at http://www.reportsnreports.com/reports/344484-global-cloud-security-software-market-2015-2019.html .

This report covers the present scenario and the growth prospects of the Global Cloud Security Software market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of cloud security software solutions. The report consolidates the revenues generated from geographical areas of Americas, APAC and EMEA. This research draws attention towards growing partnerships between cloud service providers (CSPs) and security solution providers. As the market matures, cloud security has become an integral part of cloud services, thereby requiring CSPs to provide cloud security along with their regular cloud services.

Cloud security is projected to become a major buying criterion for customers over the forecast period, which will lead to an increase in the number of partnerships among CSPs and security solution providers. The Global Cloud Security Software Market 2015-2019report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Cloud Security Software market landscape and its growth prospects over the coming years. The report includes a discussion of the key vendors operating in this market.

Companies mentioned in this research include CA Technologies, McAfee, Symantec, TrendMicro,    CipherCloud, CloudLock, CloudPassage, Commtouch Software, CREDANT Technologies, CYREN, HyTrust, IBM, Okta, Panda Security, SafeNet, Skyhigh Networks, ThreatMetrix and Zscaler. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=344484 .

Cloud security software offers security to cloud-based services or cloud computing architectures. Cloud security software can be standalone solution or a suite of products. It focuses on key parameters such as data protection, compliance, architecture, governance, as well as identity and access. A typical cloud security solution offers features such as encryption, IAM, endpoint monitoring, vulnerability scanning, intrusion detection, and application and messaging security. Cloud security software helps in protecting the cloud content from unauthorized access and theft of data.

Another research on Cloud Security Market - Global Advancements, Forecasts & Analysis (2014-2019) says security applications delivered as cloud-based services provide a promising platform to manage threat and security concerns. The cloud-based services are gaining popularity because of the unique benefits it provides to the users, such as agility, scalability, reduction in costs, business continuity, and flexibility of work practices. The majority of growth is anticipated in the regions of APAC and EU. In EU, regions such asGermany, Norway are expected to grow at a faster rate as compared to other countries, due to increasing deployment of cloud in both SMB's and enterprises and strict government regulations on Cloud Service Providers (CSPs).

It is predicted that the future growth of this market will be based on increasing adoption of cloud computing by the small and medium size enterprises and proliferation of mobile devices, and Security as a Service (SaaS) applications in business. The top three cloud security services that will contribute as the major market in cloud security services market are cloud IAM, email security and web security (WAF).The cloud security market is expected to grow from $4.20 billion in 2014 to $8.71 billion in 2019 with a CAGR of 15.7% during the forecast period 2014-2019.

The cloud security market is a diversified and competitive market, with a large number of players. The cloud security market is dominated by various players, depending on its core competencies. The key player in this market are CA Technologies (New York), Symantec (California), Fortinet (California), Symplified (Colorado), IBM (New York), Trend Micro(Japan), Zscaler (California), Panda Security(Spain), Sophos (UK), and McAfee (California). 

Cloud security software set for boom time

Market to grow at over 48 per cent annually over coming five years, according to analyst

By Doug Woodburn

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23 Feb 2015

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The cloud security software market will balloon by nearly 50 per cent annually as more end-users move to sidestep the high total cost of ownership (TOC) associated with traditional on-site security software.

That's according to research house ReportsnReports.com, which predicts that the compound annual growth rate for the global cloud security software market will grow at 48.46 per cent between 2014 and 2019.

Growth will be driven by cloud security software's ability to slash TOC, the analyst said.

Further reading

• Cloud security set to be a $9bn market by 2019

• Hybrid cloud security means third-party specialists

• Cloud security and the channel

• Cracking the cloud security conundrum

"Traditional on-site security software has a high total cost of ownership, as it includes high upfront software license and software implementation costs, coupled with high maintenance costs," ReportsnReports said.

"Cloud security software circumvents these expenses, since cloud vendors are responsible for the implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration."

Vendors included in the research include CA Technologies, McAfee, Symantec, Trend Micro, CipherCloud, CloudLock, CloudPassage, Commtouch Software, CREDANT Technologies, CYREN, HyTrust, IBM, Okta, Panda Security, SafeNet, Skyhigh Networks, ThreatMetrix and Zscaler.

The report follows on from recent research from the same company predicting that the cloud security services market will grow from $4.2bn in 2014 to $8.71bn in 2019.

That represents a compound annual growth rate of 15.8 per cent, roughly double the rate at which other analysts such as Gartner reckon the overall IT security market is growing.

Cost of security

UK government called on to publish biometrics strategy by end of 2015

The UK government has not explained how it intends to use biometrics as a means of enabling access to government services and what conclusions it has reached on the "associated ethical and legal implications" of doing so, according to a committee of MPs.11 Mar 2015

• Privacy 
• E-commerce and the internet 
• TMT & Sourcing 
• IT Security 
• Public sector 
• Core Industries & Markets 
• UK 
• Europe

The Science and Technology Committee called on the government to publish a "comprehensive" strategy to help clarify the issue before the end of this year. It said the government had not fulfilled its commitment to publish such a strategy before the end of 2013.

"Over a year later, there is no strategy, no consensus on what it should include, and no expectation that it will be published in this parliament," the Committee said in a new report. "In its absence, there remains a worrying lack of clarity regarding if, and how, the government intends to employ biometrics for the purposes of verification and identification and whether it has considered any associated ethical and legal implications."

"The government should be developing a strategy that exploits emerging biometrics while also addressing public concerns about the security of personal data and the potential for its use and misuse, with particular reference to biometric data held by the state. We expect a comprehensive, cross-departmental forensics and biometrics strategy to be published by the government no later than December 2015," it said.

Last year the UK government issued guidelines that envisage the use of biometric data in helping to verify individuals' identity prior to authorising individuals' access to government services.

The Committee said that, because of this, it "unfortunately … appears that the prospect of biometric verification has been announced [by the government] without full consideration of how it might be implemented".

The Committee called on the government to detail the "the steps taken to mitigate the risk of loss, or unauthorised release, of the biometric data that it holds" in its response to the report.

To preserve security and privacy, the government should conduct privacy impact assessments when undertaking projects involving, or formalising policies on, the collection, retention or processing of personal data, including biometric data, it recommended. Biometric systems deployed by the state must also not be closed to "human intervention".

The government should further keep "under review" whether existing legislation such as the Data Protection Act provides "adequate regulation in the face of developments in biometric technologies", the Committee said.

In its report the Committee also criticised failings which meant that facial recognition technology was deployed by the police without being properly tested. It said it is "imperative" that the biometric systems are "accurate and dependable" when they impact on individuals' privacy.

"Rigorous testing and evaluation must therefore be undertaken prior to, and after, deployment, and details of performance levels published," the Committee said.

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