Cloud-Based Security Services Mkt To Reach $4.2 Bn By 2016: Gartner

Grazed from BizTech2. Author: Editorial Staff.

By 2015, 10 percent of overall IT security enterprise product capabilities will be delivered in the cloud, according to Gartner, Inc. The services are also driving changes in the market landscape, particularly around a number of key security technology areas, such as secure email and secure Web gateways, remote vulnerability assessment, and Identity and Access Management (IAM). Gartner expects the cloud-based security services market to reach $4.2 billion by 2016.

"Demand remains high from buyers looking to cloud-based security services to address a lack of staff or skills, reduce costs, or comply with security regulations quickly," said Eric Ahlm, Research Director at Gartner. "This shift in buying behaviour from the more traditional on-premises equipment toward cloud-based delivery models offers good opportunities for technology and service providers with cloud delivery capabilities, but those without such capabilities need to act quickly to adapt to this competitive threat."…

A January 2013 Gartner survey on security spending shows high demand from security buyers for cloud-based security service offerings. Security buyers from the U.S. and Europe, representing a cross section of industries and company sizes, stated that they plan to increase the consumption of several common cloud services during the next 12 months. The highest-consumed cloud-based security service is email security services, with 74 percent of respondents rating this as the top service…

Read more from the source @ http://biztech2.in.com/news/cloud-computing/cloudbased-security-services-mkt-to-reach-$42-bn-by-2016-gartner/156972/0