Information Communication and Technology Reports Cloud Security Industry Report

Cloud Security Market is expected to grow from USD
4.09 billion in 2017 to USD 12.73 billion by 2022
According to a new market research report "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", published by MarketsandMarkets™, The cloud
security market size is expected to grow from USD 4.09 Billion in 2017 to USD 12.73 Billion by 2022, at a
Compound Annual Growth Rate (CAGR) of 25.5%.
Cloud security refers to a broad set of policies, technologies, and services deployed to protect applications, data, &
associated infrastructure through cloud. It comprises various security services, such as cloud Identity and Access
Management (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System (IDS)/ Intrusion Prevention
System (IPS), Security Information and Event Management (SIEM), & encryption.
Browse and in-depth TOC on “Cloud Security Market”
68 - Tables
71 - Figures
170 - Pages
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Cloud security helps organizations protect networks, endpoints, and applications from various malicious attacks,
sophisticated cybercriminals, ransomwares, & Advanced Persistent Threats (APTs). The major forces driving the
cloud security market are the increased adoption of Bring Your Own Device (BYOD) & Internet of Things (IoT)
trends, rise in adoption of cloud-based security services, increasing demand for cloud computing & increasing
government initiatives, and emergence of smart cities. Therefore, enterprises are deploying advanced cloud
security services to secure networks and endpoints from cyber threats.
The web and email security segment is expected to have the largest share in the cloud security market in 2017
The web and email security segment is expected to have the largest market share and dominate the cloud security
market from 2017 to 2022, as more and more companies are adopting cloud-based security services to secure
their business infrastructures. The major factors responsible for the growth of web and email security segment are
increased usage of cloud-based web and email applications in the organizations and the need to protect these
applications from advanced threats, such as ransomwares, APTs, zero-day attacks, malwares, & unauthorized
accesses.
The retail vertical is expected to grow at the highest CAGR in the cloud security market
The Banking, Financial Services, and Insurance (BFSI) vertical is expected to contribute to the largest market share
in the cloud security market. The increasing digital identities in all size of organizations and the growing trends of
BYOD and IoT result in a massive growth in advanced cyberattacks, thus creating the need for adopting cloud-
based security services. The retail vertical is projected to grow at the highest CAGR from 2017 to 2022 in the cloud
security market, because retail industries are continuously deploying cloud security services to protect customer-
sensitive data and the digital identities associated with each customer stored on the cloud.
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