Cloud Application Security Market 2020: Segments, Size, Landscape and Demand by Forecast to 2023
Overview:
North America dominates the cloud application security market. The emerging trend in the IT industry has given rise to the need for security solutions that enables the organizations to implement and manage consistency in the security policies across the hybrid data center. The need for cloud application among the organizations that integrates application server and in-memory data grid capabilities together has huge requirement of cloud application security solutions. The fastest growing demand for cloud applications that helps the customers to create an intelligent, connected, and customer-centric supply chains in the organizations. The cloud application security solution offers securing of data with real-time monitoring and alerts the system.
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The North American region is experiencing higher demand from various sectors such as BFSI, government and defense, IT and telecom, healthcare, retail and others. The prominent companies such as Microsoft Corporation (U.S), ), Trend Micro Inc. (Japan), Zscaler (U.S), McAfee, Inc. (U.S), Juniper Networks, Inc. (U.S), Proofpoint Inc. (U.S), Netskope Inc. (U.S) are providing cloud application security solutions in the market. The companies are offering the security cloud services that makes the security technologies easily available to all kind of large and small organizations.
The global cloud application security market is expected to reach USD ~ 12 billion at a CAGR of over 14% by the end of the forecast period.
Segmentation:
The global cloud application security market is segmented into component, organization size, vertical, and region. The component is further segmented into solutions. The solution is sub-segmented into data protection, cloud application discovery, analytics and reporting, and threat protection. Furthermore, the data protection is sub-segmented into encryption, data loss prevention, identity and access management. The Cloud Application Security Market discovery segment is further classified into risk assessment, cloud application database. The analytics and reporting is segmented into cloud usage analytics and anomaly detection, log management. The threat protection is segmented into security information and event management, malware detection and prevention. The services includes consulting service, support services, training and education service and other. The organization size are segmented into small and medium-sized enterprises, large enterprise. The vertical are segmented BFSI, government and defense, IT and telecom, healthcare, retail and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
Regional Analysis:
The global cloud application security market is consists of the Americas, Europe, Asia Pacific, and Rest of world. North America is dominating the global cloud application security market. The cloud application security market is witnessing a high growth due to huge demand from various verticals such as government and defense, IT and telecom, healthcare, retail, and others. Europe is projected to hold the second largest share of the cloud application security market during the forecast period. Asia Pacific is expected to witness the highest CAGR in the coming years.
Key Players:
The prominent players in the global cloud application security market: Microsoft Corporation (U.S), Cisco Systems Inc. (U.S), Fortinet, Inc. (U.S), Symantec Corporation (U.S), Bitglass Inc. (US), Oracle Corporation (U.S), Palo Alto Networks, Inc. (U.S), Proofpoint Inc. (U.S), Netskope Inc. (U.S), CensorNet Ltd. (U.K), CipherCloud (U.S), Skyhigh Networks (U.S), International Business Machines Corporation (U.S), Trend Micro Inc. (Japan), Zscaler (U.S), McAfee, Inc. (U.S), Juniper Networks, Inc. (U.S) and among others..
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