Global Cloud Data Security Software Market Overview:
Nowadays, data generated and the increasing complexity of technologies have led to the dependence of organizations on cloud services. Cloud computing security is also known as cloud data security, is a control-based safeguard and technology protection designed to protect resources stored online from data loss, theft, and leakages. It includes the policies, procedures, technologies, and control work tighter in order to defend the system. The rise in the number of cloud-related cyberattacks and growing reliance on cloud-based services are propelling the market for cloud data security. According to the 2018 Cost of a Data Breach Study by Ponemon Institute, the average cost of a data breach in 2018 was USD 3.86 million, which is a 6.4% increase in the 2017 cost of USD 3.62 million.
Growth Drivers
- Rise In The Adoption of Cloud-Based Security Solutions
- Growing Demand For Cloud Computing
- Increasing Number of Cloud-related Cyber-attacks
Roadblocks
- Stringent Government Rules and Regulations
- Risk of Information Loss
Opportunities
- Growing Adoption of Advanced Cloud Security Solutions In Healthcare Industries
- Rise In The Adoption of Cloud Services By Small And Medium-Sized Businesses
Challenges
- Increased Complexity Due to The Virtualized Infrastructure
- Migration of Processes from On-premise to Cloud
Competitive Landscape:
Some of the key players profiled in the report are Google (United States), IBM (United States), Amazon Web Services (United States), TitanHQ (Ireland), Microsoft (United States), ManagedMethods (United States), TrendMicro Inc. (Japan), RSA Security LLC, Broadcom Inc. (CA Technologies), McAfee Inc. (United States), CipherCloud Inc., Thales Group (Gemalto NV), VMware Inc. (United States), Dell Corporation (United States) and Hewlett Packard Enterprise (United States). Additionally, following companies can also be profiled that are part of our coverage like Datasparc (United States), CloudCheckr (United States), Check Point Software Technologies (Isreal) and Spinbackup (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Cloud Data Security Software market by 2026. Considering Market by Industry Vertical, the sub-segment i.e. Healthcare will boost the Cloud Data Security Software market. Considering Market by Component, the sub-segment i.e. Solution will boost the Cloud Data Security Software market. Considering Market by Organisation Size, the sub-segment i.e. Large Organisation will boost the Cloud Data Security Software market. Considering Market by Deployment Model, the sub-segment i.e. Private will boost the Cloud Data Security Software market. Considering Market by End User, the sub-segment i.e. Cloud Service Providers will boost the Cloud Data Security Software market.
Latest Market Insights:
Google expanded the number of Google Cloud Platform regions in Asia-Pacific, from three to six, in 2018.
In April 2019, Trend Micro announced enhancements to its Deep Security and Cloud App Security products, designed to extend protection to virtual machines on the Google Cloud Platform, Kubernetes platform protection, container image scanning integration with the Google Kubernetes Engine (GKE), and Gmail on the G Suite.
What Can be Explored with the Cloud Data Security Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cloud Data Security Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cloud Data Security Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud Data Security Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cloud Data Security Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.