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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.
North America is the major revenue generator owing to advanced IT infrastructure and presence of a large
number of cloud security providers in this region. European countries such as U.K., France and Germany are key
user countries of these solutions. Asia Pacific is expected to witness a double-digit growth over the forecast
period owing to increasing IT infrastructure.
Cloud Security Alliance, a Non-Profit Organisation, was established in 2008 to promote best practices for safety
in the space. The organization provides education for security in all forms of cloud services. Lack of awareness
about security, inconsistent network connections in developing countries and lack of proper standards are
restraining factors for cloud security market.
Active companies in the market are adopting the strategy of merger & acquisition. For instance, in 2016,
Symantec acquired Blue Coat to expand its operation in cybersecurity space.
Hexa Research has segmented the global cloud security market based on type, end user, deployment, vertical
and region:
Segmentation by Type, 2014 - 2024 (USD Million)
• Cloud Identity & Access Management
• Data Loss Prevention (log & SIEM)
• Email & Web Security
• Cloud Database Security (Virtualisation)
• Cloud Encryption
• Network Security (Firewall)
Segmentation by End User, 2014 - 2024 (USD Million)
• Large scale enterprises
• Small & medium scale enterprises
Segmentation by Deployment, 2014 - 2024 (USD Million)
• Public
• Private
• Hybrid
Segmentation by Vertical, 2014 - 2024 (USD Million)
• Healthcare
• BFSI
• IT & Telecom
• Government
• Retail
• Others
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