TechNavio recognizes the following companies as the key players in the Global Cloud Security Software Market: CA Technologies Inc., McAfee Inc./Intel Corp., Symantec Corp., Symplified Inc., and Trend Micro Inc.
Commenting on the report, an analyst from TechNavio’s team said: “In the future years, as the market tends towards maturity, cloud security could become an integral part of cloud services. Hence, CSPs will be compelled to provide cloud security along with cloud services. In addition, it is also expected that CSPs will enter into partnerships with security solution providers for value-added security services that will work as differentiators in cloud adoption. The increasing frequency of cloud-specific attacks will give rise to further value-added security. Thus, over a period of time, cloud security is expected to become a major buying criterion for customers. This will lead to an increase in the number of partnerships among CSPs and security solution providers. For instance, Trend Micro entered into a global alliance with cloud and virtualization service provider VMware in 2010. Similarly, Cloud.com, a provider of open source cloud computing solutions, entered into a partnership with Symplified, a cloud security company, in 2011, to provide service providers with SSO capabilities.”
According to the report, the major drivers in this market are the increasing usage of cloud services for critical data storage and the sudden increase in cloud service-specific attacks. Driven by multiple factors such as flexibility, cost savings, and easy availability, an increasing number of companies are transferring their data to the cloud. However, this is also exposing these companies to various risks associated with cloud computing.
Further, the report states that one of the major challenges is the availability of open source security software. With the growing need for cloud security, many companies are introducing open source software that is available at a lower cost for the end-users. This is affecting the revenue generated by the leading cloud security software providers, thereby having a negative impact on the overall market revenue.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-cloud-security-software-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Cloud Security Software Market 2012-2016
