North America Continues Global Cloud Security Software Market Dominance

The increased adoption of cloud computing has significantly impacted the enterprise IT departments. Mordor Intelligence estimates, the Global Cloud Security Software was $2.15 billion in 2014 and is estimated to reach $16.11 billion by 2020, growing at a Compounded Annual Growth Rate (CAGR) of 39.84% for the forecast period.

Proliferation of cloud computing in the market has been remarkable, as benefits gained from cloud based services are abundant, enabling organizations to reduce cost without losing business agility and achieve economies of scale. However, information is knowledge especially for businesses, and moving data to cloud raises many concerns, as enterprises tend to share or have little or no control over the data being stored on the cloud. In addition, there is a growing trend of security threats being made broadly available online through underground economy. Hence, it is important that care is taken to have right people have access to sensitive information; zero tolerance being maintained for data loss due to theft, snooping and other threats from within and outside the network. Organizations have to assure compliance with hundreds of laws that makes them directly responsible for personal, financial, or proprietary data.

The growing commoditization and competition will make vendors to expand their service portfolio in order to provide higher value at competitive price to their customers, which will lead to increased adoption and growth in the market. The amount of public attention data privacy has received especially due to events like the Sony Data Breach, and the iCloud breach, releasing private personal moments of celebrities out in the public, damaging the brand equity of the company will lead to widespread adoption of Cloud Security Solution.

North America dominates the cloud security software market throughout the forecasted period followed by Europe and Asia Pacific region. Cloud Email Security was the largest segment in 2014 and together with Cloud Encryption Software accounted for more than 53% of the overall market. Cloud Network Security Software is the fastest growing segment which will dominate the market by the end of 2020. Considering the Industry verticals, Banking & Finance is the leading vertical followed by Telecom & IT throughout the forecasted period.

The major segmentation in the report includes the market estimates by type of software such as Cloud Identity and Access Management, Cloud Intrusion Detection Prevention System, Cloud Email Security, Cloud Encryption, Cloud Network Security and Cloud Database Security. The report provides an in-depth analysis of the Cloud Security Software market across different Geographical regions namely North America, Europe, Asia Pacific and Rest of World along with further country-wise segmentation. The Cloud Security Market in the report is also segmented on the basis of Industry verticals such as Telecom and Information Technology, Banking and Financial Services, Oil and Gas, Manufacturing, Healthcare, Local/Central Government, Travel and Transport, Retail, Entertainment and Media and other Industries with negligible market share

Some of the companies in this market such as CA Technologies, Trend Micro, Symantec, McAfee, IBM and Cipher Cloud, Okta, Panda Security, Microsoft, Cisco, Websense, Fortinet, Barracuda Networks, Porticor, Clearswift, Juniper, Voltage Security, Perspecsys, Vaultive and others have been covered in order to analyse the competitive vendor landscape and their strategies analysed.

What the Report Offers

• Market Definition for the Cloud Security Software Market along with identification of key drivers and restraints for the market.
• Market analysis for the Cloud Security Software Market, with country and region specific assessments and competition analysis on a global and regional scale.
• Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
• Identification and analysis of the Macro and Micro factors that affect the Automation in Oil and Gas on both global and regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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