Market Research Future published a research report on “Cloud Application Security Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
— Market Highlights:
North America dominates the cloud application security market. The emerging trend in the IT industry has given rise to the need for security solutions that enables the organizations to implement and manage consistency in the security policies across the hybrid data center. The need for cloud application among the organizations that integrates application server and in-memory data grid capabilities together has huge requirement of cloud application security solutions. The fastest growing demand for cloud applications that helps the customers to create an intelligent, connected, and customer-centric supply chains in the organizations. The cloud application security solution offers securing of data with real-time monitoring and alerts the system.
The North American region is experiencing higher demand from various sectors such as BFSI, government and defense, IT and telecom, healthcare, retail and others. The prominent companies such as Microsoft Corporation (U.S), ), Trend Micro Inc. (Japan), Zscaler (U.S), McAfee, Inc. (U.S), Juniper Networks, Inc. (U.S), Proofpoint Inc. (U.S), Netskope Inc. (U.S) are providing cloud application security solutions in the market. The companies are offering the security cloud services that makes the security technologies easily available to all kind of large and small organizations.
The global cloud application security market is expected to reach USD ~ 12 billion at a CAGR of over 14% by the end of the forecast period.
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Some of the prominent players in the global cloud application security market: Microsoft Corporation (U.S), Cisco Systems Inc. (U.S), Fortinet, Inc. (U.S), Symantec Corporation (U.S), Bitglass Inc. (US), Oracle Corporation (U.S), Palo Alto Networks, Inc. (U.S), Proof point Inc. (U.S), Netskope Inc. (U.S), Censor Net Ltd. (U.K), Cipher Cloud (U.S), Skyhigh Networks (U.S), IBM Corporation (U.S), Trend Micro Inc. (Japan), Zscaler (U.S), McAfee, Inc. (U.S), and Juniper Networks, Inc. (U.S) among others.
The global Cloud Application Security Market has been segmented into the component, organization size, vertical, and lastly, the region. The component is further segmented into solutions. The sub-segmentation of solutions includes analytics and reporting, cloud application discovery, data protection, and threat protection. These solutions analyze the cloud data and protect it. The analytics and reporting are segmented into anomaly detection, cloud usage analytics, and log management. During any data mining activity, anomaly detection is the identification of events, items, or observations which do not conform to an expected pattern or other items in a dataset. Log management maintains all activity logs on the cloud, including every sign in and signs out. Security information management (SIM) is the practice of collecting, monitoring and analyzing security-related data from computer logs. The threat protection has been segmented into malware detection and prevention, event management, and security information management. Cloud event management provides a consolidated view of problems that occur with user services, applications, and infrastructure so that users can resolve the problems more efficiently.
Data protection solution is used to protect stored, static and moving data in the cloud. Data protection solution has been sub-segmented into data loss prevention, identity & access management, and encryption. Data loss prevention solution detects potential data breaches/data ex-filtration transmissions and prevents them by monitoring, detecting and blocking sensitive data while in-use, in motion, and at rest. Encryption ensures that no third party can access data and the shared data is accessible only to the sender and receiver. Identity & access management is defined as a business discipline that enables the right individuals to access the right resources (data) at the right times and for the right reasons. Cloud application discovery segment is further classified into cloud application database and risk assessment. Cloud database is a database that runs on a cloud computing platform. The user services have been segmented into consulting service, support services, training and education service and other. By organization size, the market is segmented into small-sized enterprises, medium-sized enterprises, and large enterprise. Via vertical, the market is segmented into Banking, Financial Services and Insurance (BFSI), government and defense, healthcare, IT and telecom, retail and others.
The regional segmentation of the global cloud application security market comprises of North America, Europe, Asia Pacific, Middle East & Africa (MEA) and rest of the world (RoW). Due to technological advancement and best internet connectivity, North America is the biggest market for cloud application security. In this region, the biggest markets are the United States of America (USA), Canada and Mexico. Majority key players of this market are based in the USA.
Due to the highest population among all continents and technological advancement, Europe is the second biggest market. In Europe, maximum revenue comes from Germany and the United Kingdom (UK). As a market, Europe is expected to grow a lot during the forecast period. Other important countries of Europe market are France, Italy, and Spain.
In the Asia Pacific, due to rising industrialization and steady technological advancement and visible growth of cloud infrastructure, it is a growing market. Although the whole Asia Pacific is a huge market for cloud application security, the cream of this market in Australia, China, India, Japan and New Zealand. In the MEA region, few nations have good internet and proper IT infrastructure. Therefore, the MEA region is a small market for cloud application security.
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• Cloud application security companies
• Cloud application security providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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Source URL: https://marketersmedia.com/cloud-application-security-market-size-global-trends-emerging-technologies-development-status-sales-revenue-business-growth-opportunities-and-regional-forecast-2023/481212
Release ID: 481212