Cloud Security market to touch $13 Billion mark by 2022

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Market Research Future, a research firm from Asia has predicted that Cloud Security market size is said to touch $13 Billion USD mark by the year 2022. Thus, the growth is expected to be at CAGR of 17% between 2016 to 2022.

As per the research firm’s report, the cloud security market is said to gain immense significance due to the increase in usage of devices related to the internet of things. Moreover, cloud security is helpful in minimizing the business risks caused by the use of emails and web at the workplace.

And as the digital world is witnessing a rise in cyber attacks; businesses, government organizations and educational institutes which are interested in adopting the technology of cloud computing will show a lot of interest in investing on the security factor of the related solutions.

Presently, the big players in the cloud security market are Cisco Systems, International Business Machines Corp, Symantec, Trend Micro, CA Technologies, Microsoft, Intel and Fortinet, Inc.

As per the report prepared by Market Research Future, the Global Cloud Security market has been segmented on the basis of deployment, end users, and applications. Virtualization Security, network security, cloud database security, email and web security and data loss prevention are all part of the market related to cloud security.

Taking into account the geographical terms, North America is said to dominate the cloud security market as it is filled with highly skilled professionals in the related stream. It is going to be followed by organizations from Europe and Asia Pacific.

Note- Market Research Future offers to its customers the privilege to unraveling the complexity of various industries and their market status.

The company performs the study based on products, services, technologies, applications, end users and market players based on global, regional and country.

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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