Cloud Computing and the Security Market

Grazed from Midsize Insider. Author: Marissa Tejada.

The cloud computing market is growing by leaps and bounds, which in turn affects the security services that are paired with it. A new survey found that over the next five years, firms will add to the steady projected growth, and midsize firms in particular will find significant opportunities in this growing market.

A Big Rise

According to a new report from MarketsandMarkets featured in Cloud Times, the cloud security market is set to increase by 15 percent each year. By 2019, it is expected to be worth a whopping $8.71 billion. The report, titled "Cloud Security Market – Global Advancements, Forecasts & Analysis (2014-2019)," revealed that increased use of the cloud and related security services are reshaping the entire market. In its analysis, MarketsandMarkets divided the cloud computing security market into several categories, ranging from data loss prevention, Web security, email security, cloud log management and analysis, encryption, network security and other industrial categories like retail, manufacturing and transportation…

The report further revealed that firms understand they must protect themselves from the growing number of cyber attacks and cloud threats. As a result, they are spending more on security measures that address these issues, with particular attention paid to better support mobility and mobile workforce needs…

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