Technology Updates Public Cloud Management and Security Services

Public Cloud Management and Security Services Market to Reach US$ 26.41 Bn by 2022-end,
North America to Remain Lucrative
Several businesses are opting for cloud computing. It thus becomes imperative to deploy security
measures to protect their work material. Cloud management and security services are used to
safeguard information, data, applications, passcodes, and so on. Rise in threats pertaining to security
along with cost benefits are few of the main aspects driving the growth of the global public cloud
management and security services market. The operational advantages offered by public cloud
management security services have led several enterprises to adopt cloud systems, thus the
enterprise division has contributed towards the growth of the global public cloud management
security services market. The rise in the IoT technology (Internet of Things) and new trends in this
segment has fuelled the growth of the market for public cloud management security services
worldwide. Rise in smart cities along with government initiatives and support has pushed the
adoption of cloud system and hence the growth of the global public cloud management security
services market.
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The global public cloud management security services market is anticipated to reach a value of US$
26.41 Bn by 2022 end and is poised to grow at an exponential growth rate to reflect a CAGR of
25.9% throughout the assessment period.
6 Forecast Highlights on Global Public Cloud management and Security Services Market
North America region anticipated to dominate the global market by displaying high market share as
well as high growth rate by registering a 28.7% CAGR during the assessment period. Following
North America, APEJ and Europe region also show high potential with respect to growth rate in the
coming years
By function, the IT operation management segment is anticipated to grow at an exponential growth
rate as compared to other segments to reflect a 31.4% CAGR during the assessment period. Storage
management segment reflects high potential, poised to grow at high CAGR
By function, the security segment is expected to reflect high market share by 2022 end. It is likely
to reflect dominance the global market by function during the period of assessment, and shows
significant growth rate during 2017-2022
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By enterprise, the large enterprise segment shows high market share, thus reflecting dominance
over the global market. However, owing to increase in the number of small and medium size
businesses opting for cloud services, the small and medium enterprise segment is anticipated to
show high growth rate to reflect a CAGR of 29.9% during the period of assessment
By Security, IAM & user authentication segment is anticipated to reflect high market share and
comparatively high growth rate during the assessment period. this segment is likely to grow at a
high 28.6% CAGR during the period of assessment, followed by other cloud-based security services
segment and SIEM segment
By vertical, the healthcare segment is likely to grow at the highest growth rate to reflect a CAGR of
32.3% during the period of assessment. The BFSI segment is more likely to show dominance over
the global market with respect to high market value in the coming years