Cloud Security Market 2014 To 2024 Industry, Size, Share, Growth Prospects, Key Opportunities, Trends and Forecasts
The global cloud security market to reach USD 12.64 billion by 2024, driven by the increasing use of cloud services for data storage and curbing advances of cyber-attacks. It can be a product or solution focused on the security of compliance, governance and data protection.
Cloud-based services for data storage have increased over the past few years. Furthermore, companies are transferring their data to these servers owing to flexibility and cost saving. It is also used in non-traditional sectors such as online gaming and social media due to high storage space.
Cloud identity & access management were widely used followed by email & web security owing to increasing demand for high-level security of data and identity security in organizations. Public services held 35.6% of the market share in 2016 owing to its strong security track record and transparency of leading cloud providers. However, hybrid deployment is estimated to be fastest growing market owing to cost saving model, improved security, and enhanced organizational performance.
Key players analyzed:
• Trend Micro Inc.
• Intel Security
• Symantec Corporation
• International Business Machines Corporation
• Cisco Systems, Inc.
• CA technologies
• Fortinet, Inc.
• Sophos Ltd.
• Ciphercloud, Inc
• Check Point Software Technologies Ltd.
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According to Hexa Research, Land Mobile Radio industry is segmented into Hand Portable LMR systems and mobile (vehicular) LMR systems. In Corporate, a mining and construction activity, Hand Portable LMR a system is growing its applications which has made is a dominant segment. Hand Portable LMR systems contributed for over 50% of total market share in last few years. Land Mobile Market is segmented into Analog and digital. Digital LMR systems are likely to grow rapidly by 2020, they include DMR, Project 25 (P25), TETRAPOL, TETRA and dPMR. The most superior features of all is TETRA digital LMR systems and P25 which are likely to dominate the global market in next five years.LMR is used in many industries and as well as in many fields as it is considered as the primary means of communication.
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