North America dominates the cloud application security market. The emerging trend in the IT industry has given rise to the need for security solutions that enables the organizations to implement and manage consistency in the security policies across the hybrid data center. The need for cloud application among the organizations that integrates application server and in-memory data grid capabilities together has huge requirement of cloud application security solutions. The fastest growing demand for cloud applications that helps the customers to create an intelligent, connected, and customer-centric supply chains in the organizations. The cloud application security solution offers securing of data with real-time monitoring and alerts the system.
The North American region is experiencing higher demand from various sectors such as BFSI, government and defense, IT and telecom, healthcare, retail and others. The prominent companies such as Microsoft Corporation (U.S), ), Trend Micro Inc. (Japan), Zscaler (U.S), McAfee, Inc. (U.S), Juniper Networks, Inc. (U.S), Proofpoint Inc. (U.S), Netskope Inc. (U.S) are providing cloud application security solutions in the market. The companies are offering the security cloud services that makes the security technologies easily available to all kind of large and small organizations.
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The global Cloud Application Security Market is expected to reach USD ~ 12 billion at a CAGR of over 14% by the end of the forecast period.
Some of the prominent players in the global Cloud Application Security Market: Microsoft Corporation (U.S), Cisco Systems Inc. (U.S), Fortinet, Inc. (U.S), Symantec Corporation (U.S), Bitglass Inc. (US), Oracle Corporation (U.S), Palo Alto Networks, Inc. (U.S), Proof point Inc. (U.S), Netskope Inc. (U.S), Censor Net Ltd. (U.K), Cipher Cloud (U.S), Skyhigh Networks (U.S), IBM Corporation (U.S), Trend Micro Inc. (Japan), Zscaler (U.S), McAfee, Inc. (U.S), and Juniper Networks, Inc. (U.S) among others.
The regional analysis of cloud application security market is studied for the region such as Asia Pacific (China, Japan, India), North America (the U.S., Mexico, Canada), Europe (the U.K, Germany) and Rest of the World. North America is one of the leading regions of the world in terms of market share. The cloud application security market in this region has a huge demand due to the increasing rate of cloud security infrastructure, which is propelling the market growth to a large extent. The cloud application security market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia Pacific countries such as China, Japan, and India is an emerging cloud application security market, which is expected to grow at the highest CAGR in the coming years.
Global Cloud application security Market Segmentation
The global cloud application security market is segmented into component, organization size, vertical, and region. The component is further segmented into solutions. The solution is sub-segmented into data protection, cloud application discovery, analytics and reporting, and threat protection. Furthermore, the data protection is sub-segmented into encryption, data loss prevention, identity and access management. The cloud application discovery segment is further classified into risk assessment, cloud application database. The analytics and reporting is segmented into cloud usage analytics and anomaly detection, log management. The threat protection is segmented into security information and event management, malware detection and prevention. The services includes consulting service, support services, training and education service and other. The organization size are segmented into small and medium-sized enterprises, large enterprise. The vertical are segmented BFSI, government and defense, IT and telecom, healthcare, retail and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
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- Cloud application security companies
- Cloud application security providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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