Cloud
Application Security Market Scenario
Market Research
Future (MRFR), in its latest study on the global Cloud
Application Security Market 2020, explained
different factors that are expected to impact the market. According to MRFR
study, the cloud application security market is expected to rise at about 14%
CAGR through the evaluation period 2017-2023. The increase in the demand for
cloud application security can cause the application security market value to
touch nearly USD 12 Bn by 2023. The existence of major companies operating in
the worldwide cloud application security can support the expansion of the
market in the review period. The introduction of innovative cloud application
security solutions can impel the expansion of the cloud application security global
market in the years ahead.
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The growing
application of next-generation cloud applications to boost cloud services
across the globe can support the expansion of the market in the years ahead.
The growing focus of companies to empower business with better solutions for
customer experience, human resource, finance, and supply chain solutions can
impel the expansion of the cloud application security market in the assessment
period.
Segment Study
The segment
evaluation of the global cloud application security market is done by vertical,
component, and organization size.
The component based
segment of the cloud application security global market are service and
solutions. The solution sub-segments are
cloud application discovery, data protection, threat protection, and analytics
and reporting. The data protection based sub-segments are data loss prevention,
encryption, and identity and access management. The cloud application discovery
segments are cloud application database and risk assessment. The analytics and
reporting segments are anomaly detection, cloud usage analytic, and log
management. The threat protection segments are event management, security
information, and malware detection and prevention. The services segments
includes training and education service, consulting service, support services,
and other. The organization size based segments of the cloud application
security market are medium-sized enterprises, small enterprises, and large
enterprise. The vertical based segments of the cloud application market are IT
and telecom, healthcare, BFSI, retail government and defense, and others.
Regional
Analysis
The trends of the
global cloud application security market is studied across APAC, EU, MEA, and
North America, following the Rest of the World. The cloud application security
in the North America region is expected to rise exponentially due to the
increase in the adoption of cloud application security solutions across major
tech-companies. The presence of effective cloud security infrastructure can
also support the expansion of the regional market. In Europe, the expansion of
the cloud application market can be attributed to rapid adoption of artificial
intelligence enabled solutions by the cloud application security market. In
addition, the rise in security breaches and the growing need to comply with
strict regulations is boosting the adoption of cloud application that can impel
the expansion of the market across the analysis period. The growing popularity
of cloud application security solutions, such as cloud application discovery,
data protection, threat protection, analytics and reporting, and others can
boost the cloud application security global market in the years to come.
Key Players
Juniper Networks,
Inc. (U.S), Cisco Systems Inc. (U.S), Skyhigh Networks (U.S), Bitglass Inc.
(US), Fortinet, Inc. (U.S), Symantec Corporation (U.S), International Business
Machines Corporation (U.S), Microsoft Corporation (U.S), Palo Alto Networks,
Inc. (U.S), Netskope Inc. (U.S), CipherCloud (U.S), Trend Micro Inc. (Japan),
Zscaler (U.S), Proofpoint Inc. (U.S), CensorNet Ltd. (U.K), McAfee, Inc. (U.S),
and Oracle Corporation (U.S) among others are top-notch companies that are
operating in the cloud application security market as listed by MRFR.
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