Cloud security refers to a broad set of policies, technologies, and services deployed to protect applications, data, & associated infrastructure through cloud. It comprises various security services, such as cloud Identity and Access Management (IAM), Data Loss Prevention (DLP), cloud Intrusion Detection System (IDS)/ Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), & encryption.

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Cloud security helps organizations protect networks, endpoints, and applications from various malicious attacks, sophisticated cybercriminals, ransomwares, & Advanced Persistent Threats (APTs). The major forces driving the cloud security market are the increased adoption of Bring Your Own Device (BYOD) & Internet of Things (IoT) trends, rise in adoption of cloud-based security services, increasing demand for cloud computing & increasing government initiatives, and emergence of smart cities. Therefore, enterprises are deploying advanced cloud security services to secure networks and endpoints from cyber threats.

The cloud security market size is expected to grow from USD 4.09 billion in 2017 to USD 12.73 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 25.5%.

Mojor vendors in Cloud security include 

Trend Micro, Inc. (Tokyo, Japan), Intel Security (California, U.S.), Symantec Corporation (California, U.S.), IBM Corporation (New York, U.S.), Cisco systems (California, U.S.), CA Technologies, Inc. (New York, U.S.), CSC (Virginia, U.S.), and Fortinet, Inc. (California, U.S.). 

Key Players who witnessed a lot of partnerships, agreements, and collaborations 

•  In January 2017, Trend Micro teamed up with British Telecom (BT), a provider of communications services and solutions. As a result, Trend Micro’s Deep Security data center solution would be available on BT’s Cloud Compute platform.
• In June 2015, Intel Security partnered with VMware, Inc., a global provider of cloud infrastructure business mobility solutions. This partnership developed a comprehensive integrated solution, which provided Intrusion Prevention System (IPS) protecting network traffic within the data center.
• In October 2015, IBM partnered with AT&T to deliver scalable cloud solutions to help enterprises protect corporate data on cloud infrastructure.

Key players who adopted the strategy of acquisitions to increase and expand their product portfolios to untapped markets

•  In August 2016, Symantec acquired Blue Coat, Inc., a global provider of web security solutions to enterprises. This acquisition helped Symantec boost its overall cyber security, helping organizations to secure a mobile workforce and cloud from advanced threats.
• In August 2016, Cisco acquired CloudLock, Inc., a cloud security company, to enhance cloud security offerings and Cisco’s security everywhere strategy. As a result of this acquisition, Cisco would help customers to secure their business models faster and more confidently.
• In March 2017, CA Technologies acquired Veracode, a provider of secure Software-as-a-Service (SaaS)-based platform. The integration of CA’s products with Veracode would help CA Technologies offer secure DevOps to its customers.

Cloud security vendors are continuously adding innovations to their products and services to protect sensitive applications, networks, and connected devices from real-time behavioral anomalies & advanced threats. Furthermore, cloud security services are being increasingly adopted in various verticals, such as Banking, Financial Services, & Insurance (BFSI), energy & utilities, government, healthcare, Information Technology (IT) & telecom, manufacturing, and retail, which has led to the growth of the market across the globe.

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