The Cloud Security Market is Expected to Reach $ 12.73 Billion by 2022 with CAGR of 25.5%

DALLAS, TX / ACCESSWIRE / February 15, 2021 / According to new report added in Report Banana offerings, there are significant money making opportunities available in the cloud security market. Companies planning to enter this market need to prepare and differentiate to maximize their return on investment.

In terms of opportunities, the cloud security market is expected to grow from $ 4.09 billion in 2017 to USD 12.73 billion by 2022; it is expected to grow at a CAGR of 25.5% during the forecast period. Market for the application security segment is expected to grow at the highest CAGR during the forecast period and software-as-a-service (SaaS) service model is expected to dominate the cloud security market from 2017 to 2022.

The cloud security market is driven by factors, such as increased adoption of Bring Your Own Device (BYOD) and Internet of Things (IoT) trends, rise in adoption of cloud-based security solutions, increasing demand for cloud computing & increasing government initiatives, and emergence of smart cities.

Organizations are deploying various cloud-based applications on their endpoints, resulting in the growth of high-profile attacks on applications. To secure the web and on-premises applications, organizations are continuously deploying cloud-based application security solutions. Thus, the application security type is expected to grow at the highest CAGR during the forecast period.

Prominent players profiled in this report include Trend Micro, Inc. (Tokyo, Japan), Intel Security (California, U.S.), Symantec Corporation (California, U.S.), IBM Corporation (New York, U.S.), Cisco systems (California, U.S.), CA Technologies, Inc. (New York, U.S.), CSC (Virginia, U.S.) and Fortinet, Inc. (California, U.S.).

Significant Aspects of the Report and Main Highlights:

  • Changing business trends in the cloud security market
  • Market segment analysis at different level such as type, service type, security type, service model, deployment
  • Historical and forecast size of the cloud security market in terms of revenue
  • Major drivers and opportunities pertaining to the cloud security market
  • Competitive landscape and player positioning analysis for the market
  • Key product offerings by major players and business strategies adopted
  • Key challenges faced by operating players in the market space
  • Analysis of major risks associated with the market operations

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

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