Cloud Security to Witness High Revenue from North America Market During Forecast Period

[Krishna21]

Cloud security is broad set of technologies and policies that help to protect data and different applications of computers from cloud-attacks and non-ethical access, by providing secure network and information. Security and privacy challenges suitable for cloud computing are also delivered by cloud security services and solutions. The architecture of cloud security is effective for giving preventive, detective and corrective controls. It improves the security capabilities of cloud providers and evaluates their individual risk.

Growing adoption of cloud computing by small and medium sized enterprises (SMSE), increasing use of smartphones and internet usage are primary factors driving demand for the cloud security market globally in the past six years and the trend is expected to grow significantly during the forecast period. Emerging technologies like Internet of Things (IoT) and organizations implementing bring your own devices (BYOD) policies resulting in growth of high profile cyber-attacks on application is eventually propelling demand for the cloud security market.

Increasing digital content on cloud platforms has led to number of data theft cases in sectors such as BFSI, IT and telecom, and retail, therefore growing number of data theft cases is expected to boost demand for cloud security market globally in future. Increasing government initiative towards smart cities will further boost demand for the cloud security market.

Lack of awareness among enterprises and consumers regarding the need for security services is inhibiting the global cloud security market. Challenges faced by the market are security and privacy issues and availability of open source security software providers.

The global cloud security market is segmented on the basis of service type, deployment type, industry verticals, and region.

North America dominates the global cloud security market in terms of revenue generation and is expected to maintain its position during forecast period owing to large number of cloud security vendors in this region. Increasing adoption of cloud services in emerging economies in Asia Pacific region is expected to witness significant growth during the forecast period.