Cloud Security Market Detailed Qualitative Analysis, Factors Details for Business Development, Top Companies, Trends and Forecast 2024

Cloud Security Market is the process of conveying a good quality service to customers. focuses on identifying hidden needs or requirements of customers. Report defines the scope of the Cloud Security market, identifying potential of the Cloud Security markets and determining optimal pricing for the market, it encouraging potential customers to purchase, and finding the best distribution methods for delivering to customers.

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Market Overview:

  • The cloud security market in manufacturing is expected to register a CAGR of 19.08% over the forecast period (2019-2024). As manufacturing businesses evolve, manufacturers are demanding a more agile approach to system innovation and process support. The factors which are causing the industry to adopt cloud security solutions are visibility and flexibility.
  • – Growing threats of cyber attacks are augmenting market growth. Manufacturing is one of the most highly targeted industries for cyber attacks. According to EEF, 48% of manufacturers have at some point been subjected to a cybersecurity incident, and half of those organisations suffered financial loss or a disruption to their business. This is causing a major portion of a company’s budget to spend on security solutions.
  • – Migration of production processes from on-premise to cloud is a challenge since most of the production processes are supported by on-premise solutions. manufacturers should focus on new events that could be transferred to the cloud. For the old events, a more intelligent ERP system could be developed which enables the manufacturing functions to scale as needed.

    Key Market Trends:

    Intrusion Detection and Prevention is the Fastest Growing Segment

    – An Intrusion Detection and Prevention Software (IDPS) monitors network traffic for signs of a possible attack. When it detects potentially dangerous activity, it takes action to stop the attack. Often this takes the form of dropping malicious packets, blocking network traffic or resetting connections. The IDPS also usually sends an alert to security administrators about the potential malicious activity.
    – The two main contributors to the successful deployment and operation of an IDS or IPS are the deployed signatures and the network traffic that flows through it.
    – According to Insider Threat 2018 report, most insider exploits are detected through IDPS. This indicates the popularity of IDPS and why majority of the vendors are offering this service.

    Asia-Pacific to Witness the Highest Growth

    – Asia-Pacific is the fastest growing region due to growth of manufacturing sector. According to The ASEAN Post, the manufacturing sector has been one of ASEAN’s key economic growth drivers.
    – The ASEAN Economic Community (AEC) envisions ASEAN as a single market and production base. Meanwhile, mega trade arrangements like the Regional Comprehensive Economic Partnership (RCEP) if successful would be a positive step towards a broader Free Trade Area of the Asia-Pacific (FTAAP) that can serve as a useful intergovernmental forum on free trade.
    – Major companies are setting their footprint in APAC, for instance, Google expanded the number of Google Cloud Platform regions in APAC from three to six in 2018.
    – To retain the data authenticity generated by manufacturing industry, move towards cloud and hence its security is of utmost importance.

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    Major Key Players are as Follows

  • Trend Micro, Inc.
  • Imperva, Inc.
  • Symantec Corporation
  • IBM Corporation
  • Cisco Systems, Inc.
  • Fortinet, Inc.
  • Sophos, PLC
  • Mcafee LLC
  • Qualys, Inc.
  • CA Technologies
  • Check Point Software Technologies Ltd
  • Computer Science Corporation (CSC)

    Scope of the Report:

  • Manufacturers deal with sensitive data like quality data, warranty information, device history records, and the engineering specifications for a product that are highly confidential. Although they are stored in public/private/hybrid cloud, but security concerns still remain. Hence cloud security is necessary for data loss prevention, endpoint security and identity and access management.

    Geographical Regions:

    .

    Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Cloud Security market report.

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    Reasons to Purchase Cloud Security Market Report Covered:

    • The report examines how Cloud Security market will develop in the future.
    • Studying various views of the Cloud Security market with the help of Porter’s five forces analysis.
    • Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
    • Identify the new developments, Cloud Security market shares and strategies employed by the key market players.
    • Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
    • Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Cloud Security market players

    Detailed TOC of Cloud Security Market – Growth, Trends, and Forecast (2019 – 2024)

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Growing Threats of Cyber Attacks is Expanding the Market
    4.4 Market Restraints
    4.4.1 Migration of Manufacturing Processes from On-Premise to Cloud is a Major Challenge
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Solution
    5.1.1 Identity and Access Management
    5.1.2 Data Loss Prevention
    5.1.3 IDS/IPS
    5.1.4 Security Information and Event Management
    5.1.5 Encryption
    5.2 By Security
    5.2.1 Application Security
    5.2.2 Database Security
    5.2.3 Endpoint Security
    5.2.4 Network Security
    5.2.5 Web & Email Security
    5.3 By Deployment Mode
    5.3.1 Public
    5.3.2 Private
    5.3.3 Hybrid
    5.4 Geography
    5.4.1 North America
    5.4.2
    5.4.3 Asia-Pacific
    5.4.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Trend Micro, Inc.
    6.1.2 Imperva, Inc.
    6.1.3 Symantec Corporation
    6.1.4 IBM Corporation
    6.1.5 Cisco Systems, Inc.
    6.1.6 Fortinet, Inc.
    6.1.7 Sophos, PLC
    6.1.8 Mcafee LLC
    6.1.9 Qualys, Inc.
    6.1.10 CA Technologies
    6.1.11 Check Point Software Technologies Ltd
    6.1.12 Computer Science Corporation (CSC)

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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    Contact Info:

    Name: Ajay More

    Email: [email protected] 

    Organization: Absolute Reports

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