The MarketsandMarkets (www.marketsandmarkets.com) research group says that the cloud security market will be worth US$8.71 billion by 2019.
The increase in adoption of cloud computing, and growing demand for managed security services are playing a major role in shaping the future of cloud-based security services market. Even though there are various on-premise solutions available for all types of security, cloud security has become the prime importance for business who want to reduce CAPEX and support growing number of remote work force, according to MarketsandMarkets.
Cloud vendors provide better security solutions and are compatible with the complex cloud processing. It also enables the companies to become cost-efficient, scalable and increase the business agility. The biggest players in this market which contribute to the major market share are CA Technologies, IBM, Symantec,...| Read more »