Global Cloud Security Software Market to grow at a CAGR of 48.46% During 2015
Cloud security software offers security to cloud-based services or cloud computing architectures. Cloud security software can be standalone solution or a suite of products. It focuses on key parameters such as data protection, compliance, architecture, governance, as well as identity and access. A typical cloud security solution offers features such as encryption, IAM, endpoint monitoring, vulnerability scanning, intrusion detection, and application and messaging security. Cloud security software helps in protecting the cloud content from unauthorized access and theft of data.
According to the new report, traditional on-site security software has a high total cost of ownership, as it includes high upfront software license and software implementation costs, coupled with high maintenance costs.
Cloud security software circumvents these expenses, since cloud vendors are responsible for the implementation, maintenance, updates, and backup of software, thereby reducing the need for internal IT administration.
“Cloud security software eliminates connection-related expenditures because it is offered with a wide variety of connection options,”.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Cloud Security Software market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of cloud security software solutions.
The report consolidates the revenues generated from the following major geographical areas:
Global Cloud Security Software Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Cloud Security Software market landscape and its growth prospects over the coming years. The report includes a discussion of the key vendors operating in this market.
The new report also draws attention towards growing partnerships between cloud service providers (CSPs) and security solution providers. As the market matures, cloud security has become an integral part of cloud services, thereby requiring CSPs to provide cloud security along with their regular cloud services.
“Cloud security is projected to become a major buying criterion for customers over the forecast period, which will lead to an increase in the number of partnerships among CSPs and security solution providers,”