Technology Cloud Security Market Size and Share 2024

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Cloud Security Market Size, Share, Growth, Industry Analysis and
Forecasts to 2024 - Hexa Research
" Cloud Security Market size was estimated at 1.41
billion in 2016 and is expected to grow on account of
increasing adoption of security solutions in large as
well as small enterprises to protect data from illegal
hackers."
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.
Browse Details of Report @ https://www.hexaresearch.com/research-report/cloud-security-market
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