Industry Background:
Cloud Application Security Service aims to provide security for applications that are deployed on the cloud. With the growing number of industries adopting cloud-based solutions to provide their customer with faster and continence of services they are developing their own apps. As per sources, nearly one out of three retailers have suffered huge revenue losses due to cyber-attacks. The end-user industries deal with large volumes of sensitive data such as credit card information and personal data. This data is increasingly targeted by hackers and there is a rising need to protect it.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft Corporation (United States), Cisco Systems Inc. (United States), Fortinet, Inc. (United States), Skyhigh Networks (United States), IBM Corporation (United States), Symantec Corporation (United States), Bitglass Inc. (United States), Oracle Corporation (United States), Palo Alto Networks, Inc. (United States), Proof point Inc. (United States), Netskope Inc. (United States), Censor Net Ltd. (United Kingdom), Cipher Cloud (United States), Trend Micro Inc. (Japan), Zscaler (United States), McAfee, Inc. (United States) and Juniper Networks, Inc. (United States) |
This growth is primarily driven by Need for Regulations and Compliance Requirements and Increased Adoption Of Internet of Things (IoT) Devices & Internet Users.
Globally, a noticeable market trend is evident Emergence of Artificial Intelligence and Big Data The Business Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Microsoft Corporation (United States), Cisco Systems Inc. (United States), Fortinet, Inc. (United States), Skyhigh Networks (United States), IBM Corporation (United States), Symantec Corporation (United States), Bitglass Inc. (United States), Oracle Corporation (United States), Palo Alto Networks, Inc. (United States), Proof point Inc. (United States), Netskope Inc. (United States), Censor Net Ltd. (United Kingdom), Cipher Cloud (United States), Trend Micro Inc. (Japan), Zscaler (United States), McAfee, Inc. (United States) and Juniper Networks, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global cloud application security service market is fragmented due to the presence of several service providers at the global and regional levels. The level of competition among the companies in the cloud application security service market is intense and manufacturers focus on developing customized products for the customers.
In April 2019, IBM signed a collaboration with the Indian government to provide security service to its Cloud servers to protect from cyber-attacks and criminals.
Influencing Trend:
Emergence of Artificial Intelligence and Big Data
Market Growth Drivers:
Need for Regulations and Compliance Requirements and Increased Adoption Of Internet of Things (IoT) Devices & Internet Users
Restraints:
Growing Adoption Of Integrated Cloud Application Security Services By Large Enterprises and Ease To Integrate Cloud Application Security Solutions Within Existing Security Infrastructure
Opportunities:
Negligence of Application Security by Industries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cloud Application Security Service Market
- Analysis about New Entrants in Cloud Application Security Service Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cloud Application Security Service Study Sheds Light on
The Cloud Application Security Service Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cloud Application Security Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Application Security Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.