- The key vendors in the Cloud Security Market in the UAE 2015-2019 are CA Technologies Inc., International Business Machines (IBM) Corp., McAfee Inc. and Trend Micro Inc.
London, 03 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Cloud Security Market in the UAE 2015-2019. Partnerships between cloud service providers and security solution providers are one key trend in the market. Cloud security is expected to become an integral part of cloud services as the market matures. This is expected to encourage CSPs to partner with security solution providers in a bid to provide better security and maintain their competitiveness. The Cloud Security market in the UAE is expected to witness a CAGR of 35.16 percent during the period 2015-2019.
Due to the worldwide expansion of businesses, outsourcing partners, vendors, and end-users are responsible for securing access to networks and critical data as organizations are highly vulnerable to data security threats related to user identities. Thus, there is a need for organizations to manage security threats and track the activities of data stored on the cloud to reduce the risk of security breaches and to ensure accountability.
“In recent years, many companies have expanded their operations globally, leading to an increased need for employee mobility. Employees from companies in several sectors such as Retail, Healthcare, and BFSI are often on the move,” says Faisal Ghaus, Vice President of TechNavio Research.
“This means companies need to provide access to emails, databases, and documents through the cloud, necessitating the adoption of adequate security measures.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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