Welcome!

@CloudExpo Authors: Yeshim Deniz, Pat Romanski, Elizabeth White, Zakia Bouachraoui, Liz McMillan

Related Topics: @CloudExpo, Cloud Security

@CloudExpo: Blog Post

Cloud Security Industry to Register Impressive Growth | @CloudExpo #Cloud

The global cloud security industry is projected to grow at a CAGR of 12.80% from 2015 to 2022.

Cloud Security Industry to Register Impressive Growth on Account of Rising Demand for Cloud Computing

In a recent market study offering by Transparency Market Research (TMR), the global cloud security market is projected to grow at a CAGR of 12.80% from 2015 to 2022. The report, titled "Cloud Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022", states that the global cloud security market will reach a valuation of US$11.8 bn by 2022 increasing from its 2014 valuation of US$4.5 bn.According to the report, factors such as the rapid proliferation of handheld devices, the increasing trend of CYOD and BYOD policies in corporate organizations, increasing use of cloud-based computing by small and medium scale businesses, and ease of use of cloud security services are driving the cloud security market.

In cloud computing services, deployment of remote servers and a cluster of software networks enables upload of different types of data sources for real-time processing in order to obtain better computing results. Cloud computing allows several users to access a single server and database for both saving and retrieving data. To cater to changing business needs, a large number of organizations are switching from conventional CAPEX model to an OPEX model. This is because the former provides dedicated hardware for organizations that depreciate over time, whereas, in the latter, a collective cloud infrastructure is utilized by organizations and the charges incurred are dependent on use.

The report states that, in recent years, cloud computing has had strong demand from corporate data centers. The use of cloud services enables data centers to work like the Internet, wherein computing resources can be accessed and shared  virtually in a secure and scalable manner. Owing to the several benefits of cloud computing, the adoption of these services is on the rise in small and medium-sized businesses (SMBs). Typically, SMBs have insubstantial funds and inadequate organizational capability for the purchase, maintenance, and deployment of computing resources in limited time. Thus, cloud computing serves the need for SMBs to access these resources and expand or minimize services according to the current requirement.

On the same lines, the pay-as-you-go subscription type is best-suited for SMBs, as it allows them to add or remove services as per requirement. Thus, the increasing demand for cloud computing from SMBs is fueling the cloud security market for the forecast period.By deployment, in 2014, hybrid cloud security accounted for the largest market share of almost 43% of the overall market. The ease of data storing is responsible for the large market share of these services.  In 2014, IT and telecommunication accounted as the largest end user of cloud security services, with a share of almost 29% in the global market. The escalating use of Android phones among end users will lead to increasing use of cloud security services by telecom carriers in the years to come, adds the report.

Full Research Report on Global Cloud Security Industry with detailed figures and segmentation.

More Stories By Ram Sonagara

Ram Sonagara works at Transparency Market Research. TMR is a market intelligence company providing global business research reports and consulting services.

CloudEXPO Stories
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
On-premise or off, you have powerful tools available to maximize the value of your infrastructure and you demand more visibility and operational control. Fortunately, data center management tools keep a vigil on memory contestation, power, thermal consumption, server health, and utilization, allowing better control no matter your cloud's shape. In this session, learn how Intel software tools enable real-time monitoring and precise management to lower operational costs and optimize infrastructure for today even as you're forecasting for tomorrow.
"Calligo is a cloud service provider with data privacy at the heart of what we do. We are a typical Infrastructure as a Service cloud provider but it's been designed around data privacy," explained Julian Box, CEO and co-founder of Calligo, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leading global enterprises use Isomorphic technology to reduce costs and improve productivity, developing & deploying sophisticated business applications with unprecedented ease and simplicity.
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.