Cloud Security Market achieve 2022 rating valuation - Cloud Security Market achieve $ 2022 valuation $ 11.8 billion by 2022.
With the increasing adoption of cloud-based services by companies, competition in the global cloud security market is likely to be further intensified, says Transparency Market Research (TMR). Key players in the cloud security market are expanding their product and service offerings to stay competitive. Smart players are also focusing on the inorganic growth path, such as M&A and strategic partnerships to solidify their position. For example, in 2014, Trustwave Inc. took over Cenzic Inc. in an attempt to expand its cloud security services. In addition, in 2015, the company acquired Singapore Telecommunications Limited to expand its range of services.
Leading companies in the global cloud security market include Symantec Corporation, CA Technologies Inc., IBM Corporation, Trend Micro Inc, and Intel Security Group (McAfee Inc.)
Cloud Security Market achieve 2022 rating valuation
Transparency Market Research, in one of its research publications, predicts that the global cloud security market will show a bright TCAC of 12.8% between 2015 and 2022. This will translate the market to a value of US $ 11.8 thousand. million by 2022, increasing from US $ 4.5 billion in 2014. North America is the leading region in cloud security in the global cloud security market. The increasing popularity of cloud services in the region in the end-use industries is helping to drive the cloud security market in the region.
"Around the world, the IT and telecommunications sector is a key consumer of cloud services for computers, software applications and information technology through a network connection. The IT and telecommunications sector manages a Huge volume of critical data being shared and transferred through the cloud This requires cloud security solutions to prevent data theft or theft.
Cloud security encompasses a set of policies, procedures, controls and technologies that work together to protect cloud-based data, systems and infrastructure. Cloud security solutions are designed to protect data, protect customer privacy, support regulatory compliance, and establish authentication rules for individual users and devices. These cloud security offerings are strengthening the cloud security market.
Cloud security also has other offerings. Cloud security solutions can be configured to meet the exact needs of businesses. Due to the ease of configuration and administration of authentication rules in one place, cloud security can reduce administration overhead. As a result, IT teams can focus on core business functions.
- Business aversion to third-party services hinders growth
In today's business environment, bringing your own flexible devices and operations is common practice. Associates use personal devices and operate from multiple locations to carry out business responsibilities. To do this, associates leverage cloud applications and business applications stored in the cloud. This requires cloud security to offset the risk of data theft and breach while carrying out business responsibilities. The cloud security market benefits from this.
However, corporate skepticism and the companies' aversion to using third-party applications and cloud-based IT capabilities are hampering the cloud security market to a degree.
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