Cloud Data Security Solution Market Scope
Cloud security also known as cloud computing security refers to the discipline and practice of protecting cloud computing environments, data, applications and information. Cloud security involves securing cloud environments against unauthorized access, distributed denial of service (DDOS) attacks, malware hackers, and other risks. Although the cloud security applies to security for cloud environments, the related term, cloud-based security, refers to the software as a service (SaaS) delivery model of security services, which are hosted within the cloud instead of deployed through on-premise hardware or software.
The Cloud Data Security Solution market study is segmented, by Application (Visibility and Risk Assessment, User and Data Governance, Activity Monitoring and Analytics, Threat Protection and Remediation/ Mitigation and Other) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud Data Security Solution market throughout the predicted period.
Thales e-Security (United Kingdom), Microsoft (United States), Cisco (United States), Trend Micro (Japan), McAfee (United States), Qualys (United States), Amazon Web Services (United States), Broadcom (United States), Checkpoint (United States), IBM (United States), Foreseeti (Sweden), Sophos (United Kingdom), Forcepoint (United States), Palo Alto Networks (United States), Bitglass (United States), Imperva (United States), CipherCloud (United States), Proofpoint (United States), Zscaler (United States), FireEye (United States), CloudPassage (United States) and Fortinet (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Avanan (United States), Illumio (United States), vArmour (United States) and Aqua Security (Israel).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Cloud Data Security Solution market by Type, Application and Region.
On the basis of geography, the market of Cloud Data Security Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In October 2020, Cisco partnered with Google to integrate its SD-WAN with Google Cloud's global network, and Anthos, offering its customers full WAN application integration along with cloud workloads
In May 2020, Microsoft launched Microsoft Cloud for Healthcare with a motive to navigate COVID-19 with the Azure cloud platform, Microsoft 365, Dynamic, and Power platform for managing patients and staff, deploying resources, and promoting data insights.
Market Trend
- Expanded Internet User's Base will lead to Increase Demand for IoT based Cybersecurity Platforms
- Number of Developing Technologies including Bring Your Own Business (BYOB) and Bring Your Own Application (BYOA) are Trending in the Market
- Growing Demand for Email and web Cybersecurity Solution
Market Drivers
- Growing Adoption of Cloud-based Services
- Increasing Instances of Cyber Attacks such as; Data Vulnerability and Data Theft will Fuel Demand for Data Security
- Use of Cyber Security Services in Banking and Financial Applications will Upsurge the Service Demand
Opportunities
- Robust Demand for Cloud Security in the Windows, Android, iOS Platform Devices
Restraints
- Lack of Awareness about Wireless Transactions and cloud-based Services might hamper Business Growth.
- Growing Complexities for Developers to Provide Services which will offer Security against all types of Hacking attacks
Challenges
- Lack of Reliability and Data Privacy of the Service Provider
Key Target Audience
Cloud Data Security Solution Providers, Key Consulting Companies & Advisors, Venture Capitalists, Investment bankers, Investors and Others