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Cloud Security Market Outlook: 2020
The global cloud security market size is expected to garner $8.9 billion by 2020, registering a CAGR of 23.5% during the forecast period 2015 - 2020. Cloud security encompasses a set of policies and controls, which cater to the security aspects of the cloud by protecting applications, data, and infrastructure. The cloud computing market is prone to threats such as data breaches, data loss, and insecure application programming interfaces (API). Therefore, there is a growing need to provide a secure environment for both cloud providers and customers.
The global cloud security market is segmented on the basis of type, end user, vertical, deployment, and geography. The market is segmented based on the type of cloud security namely, cloud identity and access management, data loss prevention, email & web security, cloud database security, network security, and cloud encryption. The end users of the cloud security include, large enterprises and small & medium enterprises. Furthermore, this technology has its applications in various verticals, which include healthcare, BFSI, retail, IT & telecom, government agencies, and others. Based on the type of deployment, the market is segmented into private, public, and hybrid. The market is analyzed on the basis of four regions, namely North America, Europe, Asia-Pacific, and LAMEA. The key players analyzed in this report are CA Technologies, Inc., IBM Corporation, Symantec Corporation, Cisco Systems, Inc., and others.
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There are several drivers, restraints, and opportunities which impact the growth of the cloud security market. Increasing adoption of cloud services by enterprises and the rapidly growing trend of BYOD and CYOD are the key driving forces of the market. In addition, increased adoption of cloud services by large and medium scale enterprises along with growing demand for managed security services creates ample opportunities for the market players. However, low awareness about cloud services hampers the cloud security market growth
Top Impacting Factors in Global Cloud Security Market
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Growing reliance on cloud-based services
Increasing adoption of cloud services across diverse verticals has resulted in increased dependence on cloud for storage and other applications. Increasing number of internet users and growing adoption of cloud services are the key impacting factors for adoption of cloud security solutions. Over the period, the growth of online business would highlight significance of this factor.
Increasing number of cyber-attacks
An increasing number of cyber-attacks due to an upsurge in digitalization is one of the driving factors of the cloud security market. Cyber-attacks have increased rapidly, thereby, resulting in a strong need for cloud security services. The number of data theft cases have exponentially increased in the last five years, owing to increased generation of digital content and lack of security to protect financial and corporate data. BFSI, followed by IT & telecom and retail, are the most targeted industries. Therefore, burgeoning number of cyber-attacks and data breach cases would boost the growth of the market in future.
Growing market for managed security services
The cloud-based managed security services are expected to witness increased adoption in the market, due to its ability to customize the set of services as per requirement. The concept of managed security service offers protection against intruders & cyber-attacks and includes next-generation firewall, content filtering, managed two-factor authentication and even security consultancy. This is expected to provide ample opportunities for market players.
The market is largely driven by product launch strategy. The increasing adoption of cloud-based services and its diverse use across varying industries such as healthcare, BFSI, IT & telecom, government, and retail has contributed to the growth of the cloud security market. The vendors in the market offer customized and differentiated products in the market to enhance their portfolios. Market leaders, such as Trend Micro, Symantec, and IBM, among others have launched products in the recent past. For instance, in October 2014, Trend Micro launched Trend Micro Security 2015. The security solution is designed for Windows, Android, and iOS platforms to provide security solutions cyber threats, irrespective of the operating system of the device. The security solution would protect personal information and data of users as well as maintain the privacy of users. The other top strategies in the cloud security industry include acquisitions, followed by collaboration and expansion
Key Benefits of Market Study:
- Comprehensive analysis of the current and future trends in the global market have been provided in this report
- This report provides a competitive scenario of the global market with current and future growth trends, structure, driving factors, scope, opportunities, and challenges
- This report includes a comprehensive analysis of market segments to provide insights on the market dynamics
- Porter’s Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making
- Value chain analysis provides key inputs on the role of stakeholders involved at various stages of the value chain
- SWOT analysis of the key market players highlights their strengths and weaknesses along with potential opportunities present in the market
The market segmentation is illustrated below:
Market by Type
- Cloud Identity and Access Management
- Data Loss Prevention
- Email & Web Security
- Cloud Database Security
- Network Security
- Cloud Encryption
Market by End User
- Large scale enterprise
- Small & medium enterprise
Market by Vertical
- IT & Telecom
- Government Agencies
Market by Deployment
Market by Geography
- North America
- Latin America, Middle East and Africa (LAMEA)
- CA Technologies, Inc.
- Cisco Systems, Inc.
- Fortinet, Inc.
- IBM Corporation
- McAfee, Inc.
- Panda Security
- Sophos Ltd.
- Symantec Corporation
- Trend Micro, Inc.
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.2 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 The need for cloud security
3.3 Key Findings
3.3.1 Top impacting factor
3.3.2 Top winning strategies
3.3.3 Top investment pockets
3.4 Value chain analysis
3.5 Porters five forces analysis
3.5.1 Bargaining power of buyers
3.5.2 Bargaining power of suppliers
3.5.3 Threat of new entrant
3.5.4 Threat of rivalry
3.5.5 Threat of substitutes
3.6 Market share analysis, 2014
3.7.1 Growing reliance on cloud based services
3.7.2 Upsurge in the use of handheld devices (BYOD & CYOD)
3.8.1 Lack of awareness on cloud security
3.9.1 Growing market for managed security services
CHAPTER 4 WORLD CLOUD SECURITY MARKET, BY TYPE
4.1 Cloud Identity & Access Management
4.1.1 Key market trends
4.1.2 Key drivers and opportunities
4.1.3 Market size and forecast
4.2 Data Loss Prevention
4.2.1 Key market trends
4.2.2 Key drivers and opportunities
4.2.3 Market size and forecast
4.3 Email & Web Security
4.3.1 Key market trends
4.3.2 Key drivers and opportunities
4.3.3 Market size and forecast
4.4 Cloud Database Security
4.4.1 Key market trends
4.4.2 Key drivers and opportunities
4.4.3 Market size and forecast
4.5 Cloud Encryption
4.5.1 Key market trends
4.5.2 Key drivers and opportunities
4.5.3 Market size and forecast
4.6 Network Security
4.6.1 Key market trends
4.6.2 Key drivers and opportunities
4.6.3 Market size and forecast
CHAPTER 5 WORLD CLOUD SECURITY MARKET, BY END USER
5.1 Large enterprise
5.1.1 Key market trends
5.1.2 Key growth factors & opportunities
5.1.3 Market size & forecast
5.2 Small & medium enterprise
5.2.1 Key market trends
5.2.2 Key growth factors & opportunities
5.2.3 Market size & forecast
CHAPTER 6 WORLD CLOUD SECURITY MARKET, BY DEPLOYMENT
6.1.1 Key market trends
6.1.2 Key growth factors and opportunities
6.1.3 Market size and forecast
6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
CHAPTER 7 WORLD CLOUD SECURITY MARKET, BY VERTICAL
7.1.1 Market size and forecast
7.2.1 Market size and forecast
7.3 IT & Telecom
7.3.1 Market size and forecast
7.4 Government Agencies
7.4.1 Market size and forecast
7.5.1 Market size and forecast
7.6.1 Market size and forecast
CHAPTER 8 WORLD CLOUD SECURITY MARKET, BY GEOGRAPHY
8.1 North America
8.1.1 Key market trends
8.1.2 Competitive scenario
8.1.3 Key drivers and opportunities
8.1.4 Market size and forecast
8.2.1 Key market trends
8.2.2 Competitive scenario
8.2.3 Key drivers and opportunities
8.2.4 Market size and forecast
8.3 Asia Pacific
8.3.1 Key market trends
8.3.2 Competitive scenario
8.3.3 Key drivers and opportunities
8.3.4 Market size and forecast
8.4.1 Key market trends
8.4.2 Competitive scenario
8.4.3 Key drivers and opportunities
8.4.4 Market size and forecast
CHAPTER 9 COMPANY PROFILE
9.1 CA Technologies, Inc.
9.1.1 Company overview
9.1.2 Business performance
9.1.3 Strategy move and development
9.1.4 SWOT analysis of CA, Inc.
9.2 Cisco Systems, Inc.
9.2.1 Company overview
9.2.2 Business performance
9.2.3 Strategy move and development
9.2.4 SWOT analysis of CISCO SYSTEMS, INC.
9.3 Fortinet, Inc.
9.3.1 Company overview
9.3.2 Business performance
9.3.3 Strategy move and development
9.3.4 SWOT analysis of Fortinet, Inc.
9.4 IBM Corporation
9.4.1 Company overview
9.4.2 Business performance
9.4.3 Strategy move and development
9.4.4 SWOT analysis of IBM Corporation
9.5 Intel Corporation (McAfee, Inc.)
9.5.1 Company overview
9.5.2 Business performance
9.5.3 Strategy move and development
9.5.4 SWOT analysis of Intel Corporation, Inc.
9.6 Panda Security
9.6.1 Company overview
9.6.2 Strategy move and development
9.6.3 SWOT analysis of Panda Security
9.7 Sophos, Ltd.
9.7.1 Company overview
9.7.2 Business performance
9.7.3 Strategy move and development
9.7.4 SWOT analysis of Sophos, Inc.
9.8 Symantec Corporation
9.8.1 Company overview
9.8.2 Business performance
9.8.3 Strategy move and development
9.8.4 SWOT analysis of Symantec Corporation
9.9 Trend Micro, Inc.
9.9.1 Company overview
9.9.2 Business performance
9.9.3 Strategy move and development
9.9.4 SWOT analysis of Trend Micro, Inc.
9.10 CloudPassage Inc.
9.10.1 Company overview
9.10.2 Strategy move and development
9.10.3 SWOT analysis of CloudPassage, Inc.
List of Figures
FIG 1. TOP IMPACTING FACTORS
FIG 2. TOP WINNING STRATEGIES
FIG 3. TOP INVESTMENT POCKETS
FIG 4. VALUE CHAIN ANALYSIS
FIG 5. PORTERS FIVE FORCES MODEL
FIG 6. MARKET SHARE ANALYSIS, 2014
FIG 7. REVENUE GENERATED BY CA, INC., 2013 - 2015 ($MILLION)
FIG 8. REVENUE GENERATED BY CA, INC., BY REGION (%), 2014
FIG 9. SWOT ANALYSIS OF CA, INC.
FIG 10. REVENUE GENERATED BY CISCO SYSTEMS INC., 2013 - 2015, ($ MILLION)
FIG 11. REVENUE OF CISCO SYSTEMS INC. BY GEOGRAPHY (%), 2015
FIG 12. SWOT ANALYSIS OF CISCO SYSTEMS INC.
FIG 13. REVENUE GENERATED BY FORTINET, INC., 2012 - 2014 ($MILLION)
FIG 14. REVENUE OF FORTINET, INC. BY GEOGRAPHY (%), 2014
FIG 15. SWOT ANALYSIS OF FORTINET, INC.
FIG 16. REVENUE GENERATED BY IBM CORPORATION, 2012 - 2014 ($MILLION)
FIG 17. REVENUE OF IBM CORPORATION BY OPERATING SEGMENT (%), 2014
FIG 18. REVENUE OF IBM CORPORATION BY GEOGRAPHY (%), 2014
FIG 19. SWOT ANALYSIS OF IBM CORPORATION
FIG 20. REVENUE GENERATED BY INTEL CORPORATION, 2012 - 2014 ($MILLION)
FIG 21. REVENUE OF INTEL CORPORATION BY PRODUCT & SERVICES (%), 2014
FIG 22. SWOT ANALYSIS OF INTEL CORPORATION
FIG 23. SWOT ANALYSIS OF PANDA SECURITY
FIG 24. REVENUE GENERATED BY SOPHOS LTD., 2013 - 2015 ($MILLION)
FIG 25. SWOT ANALYSIS OF SOPHOS, LTD.
FIG 26. REVENUE GENERATED BY SYMANTEC CORPORATION, 2013 - 2015 ($ MILLION)
FIG 27. REVENUE OF SYMANTEC CORPORATION BY OPERATING SEGMENT (%), 2015
FIG 28. REVENUE OF SYMANTEC CORPORATION BY GEOGRAPHY (%), 2015
FIG 29. SWOT ANALYSIS OF SYMANTEC CORPORATION
FIG 30. REVENUE GENERATED BY TREND MICRO, 2012 - 2014 ($MILLION)
FIG 31. SWOT ANALYSIS OF TREND MICRO, INC.
FIG 32. SWOT ANALYSIS OF CLOUDPASSAGE, INC.
List of Tables
TABLE 1 WORLD CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 2 WORLD CLOUD SECURITY MARKET BY TYPE, 2014 - 2020 ($MILLION)
TABLE 3 WORLD CLOUD IDENTITY & ACCESS MANAGEMENT MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 4 WORLD CLOUD DATA LOSS PREVENTION MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 5 WORLD CLOUD EMAIL & WEB SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 6 WORLD CLOUD DATABASE SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 7 WORLD CLOUD ENCRYPTION MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 8 WORLD CLOUD NETWORK SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 9 WORLD CLOUD SECURITY MARKET BY END USER, 2014 - 2020 ($MILLION)
TABLE 10 WORLD LARGE ENTERPRISE CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 11 WORLD SMALL & MEDIUM ENTERPRISE CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 12 WORLD CLOUD SECURITY MARKET BY DEPLOYMENT, 2014 - 2020 ($MILLION)
TABLE 13 WORLD PUBLIC CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 14 WORLD PRIVATE CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 15 WORLD HYBRID CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 16 WORLD CLOUD SECURITY MARKET BY VERTICAL, 2014 - 2020 ($MILLION)
TABLE 17 WORLD HEALTHCARE CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 18 WORLD BFSI CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 19 WORLD IT & TELECOM CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 20 WORLD GOVERNMENT AGENCIES CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 21 WORLD RETAIL CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 22 WORLD OTHERS CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 23 WORLD CLOUD SECURITY MARKET BY GEOGRAPHY, 2014 - 2020 ($MILLION)
TABLE 24 NORTH AMERICAN CLOUD SECURITY MARKET BY VERTICAL, 2014 - 2020 ($MILLION)
TABLE 25 EUROPEAN CLOUD SECURITY MARKET BY VERTICAL, 2014 - 2020 ($MILLION)
TABLE 26 ASIA PACIFIC CLOUD SECURITY MARKET BY VERTICAL, 2014 - 2020 ($MILLION)
TABLE 27 LAMEA CLOUD SECURITY MARKET BY VERTICAL, 2014 - 2020 ($MILLION)
TABLE 28 CA TECHNOLOGIES, INC. BUSINESS SANPSHOT
TABLE 29 CISCO SYSTEMS INC. BUSINESS SANPSHOT
TABLE 30 FORTINET, INC. BUSINESS SNAPSHOT
TABLE 31 IBM CORPORATION BUSINESS SNAPSHOT
TABLE 32 INTEL CORPORATION BUSINESS SNAPSHOT
TABLE 33 PANDA SECURITY BUSINESS SNAPSHOT
TABLE 34 SOPHOS LTD BUSINESS SNAPSHOT
TABLE 35 SYMANTEC CORPORATION BUSINESS SNAPSHOT
TABLE 36 TREND MICRO, INC. BUSINESS SNAPSHOT
TABLE 37 CLOUDPASSAGE INC. BUSINESS SNAPSHOT
The world cloud security market is expected to grow swiftly in the coming years due to the significantly increasing reliance of organizations on cloud & cloud based services & applications worldwide. Cloud is commonly used for storage & backup applications. Several organizations from diverse industry verticals, such as retail, healthcare, BFSI and IT & Telecom prefer cloud services over traditional storage facilities, owing to their flexibility in IT infrastructure, agility, and cost-effectiveness. However, the cloud environment is prone to cyberattacks and threats, which has fostered the adoption of cyber security. In addition, increasing adoption of BYOD policies in organizations has led to the use of cloud security solutions to enable safety in accessing data from any location on their personal devices.
Cloud security industry provides an array of solution-specific services that cater to the requirements of the users. Prevalent solutions include Cloud Identity and Access Management, Data Loss Prevention, Email and Web Security, Cloud Database Security, Cloud Encryption & Network Security. Each of these cater to a specific aspect of security. For instance, Cloud Identity and Access Management allows consumers to identify and manage the user of the cloud environment. Among the types of cloud security services, the email and web security market was the highest revenue-generating segment, as web & email content comprises essential and sensitive data, which is more vulnerable to cyberattacks. However, the market for network security is expected to witness significant growth in future, owing to the large customer base.
The adoption of cloud security in North America is currently the largest, as not only large enterprises but small & medium sized enterprises are increasingly adopting cloud security. However, the market in Asia Pacific is expected to witness significant growth driven by the rapid adoption of these services in countries such as China, Japan, and Australia. Currently, the market is highly fragmented, as several market players operating in the market range from large established organizations to new market entrants. The market participants include traditional IT security solution providers, IT vendors, specialized IT security vendors, and cloud security companies. However, the market is dominated by traditional IT security solution providers such as Trend Micro and McAfee.