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Cloud Security Market Share, Size, Key Players, Research and
Forecasts to 2024 | Hexa Research
“ Cloud Security Market Size To Reach USD 12.64 Billion By 2024.”
03 December 2018
The global cloud security market to reach USD 12.64 billion by 2024, driven by the increasing use of cloud
services for data storage and curbing advances of cyber-attacks. It can be a product or solution focused on
the security of compliance, governance and data protection.
Cloud-based services for data storage have increased over the past few years. Furthermore, companies are
transferring their data to these servers owing to flexibility and cost saving. It is also used in non -traditional
sectors such as online gaming and social media due to high storage space.
Cloud identity & access management were widely used followed by email & web security owing to increasing
demand for high-level security of data and identity security in organizations. Public services held 35.6% of the
market share in 2016 owing to its strong security track record and transparency of leading cloud providers.
However, hybrid deployment is estimated to be fastest growing market owing to cost saving model, improved
security, and enhanced organizational performance.
Demand for safety solutions in government agencies, healthcare, e-commerce, insurance, and banking has
been increasing as a result of rising incidence of cyber-attacks. Large scale enterprises are increasingly
adopting cloud security services owing to frequent attacks on data centers. Small & medium scale enterprises
are estimated to show considerable growth at a CAGR 35.1% over the forecast period as there is increased
awareness of security threats.
Browse Details of Report @ https://www.hexaresearch.com/research-report/cloud-security-market
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