Pune, India, October 15, 2018 -- /360iResearch/ -- The report "Global Cloud Security Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update)", published by 360iResearch, states that the global market was valued at USD 4.68 million in 2017 and is projected to reach USD 13.88 million by 2024, growing at a CAGR of 16.80% from 2017 to 2024.
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The major forces driving the growth of the cloud security market include the burgeoning popularity of cloud infrastructure and growing data breaches and cyber security threats. Moreover, enforcement of standard industry regulations and increasing government initiatives and emergence of smart cities are also some of the factors that are driving the market growth. However lack of trust on third party cloud service providers, and risk associated with information loss may hinder the market growth. In the middle of difficulty lies opportunity such as the rise in the adoption of advanced cloud security solutions in healthcare and bfsi, increasing adoption of cloud infrastructure by smes, and industry wide collaborations and partnerships to tackle emerging threats. The possible challenges for the market growth are increased complexity due to the virtualized infrastructure, and evolving nature of security threats. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global cloud security market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on geography, the global cloud security market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the cloud security market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Avanan, Inc., CA Technology, Inc., Check Point Software Technologies, Ltd., CipherCloud, Inc., Cisco Systems, Inc., Computer Sciences Corporation, Fortinet, Inc., Imperva, Inc., International Business Machines Corporation, McAfee LLC, Qualys, Inc., Sophos PLC, Symantec Corporation, Trend Micro, Inc., and Zscaler, Inc..
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