Market Research Suggests World Cloud Security Market will reach $8.9B by 2020

Allied Market Research has just released a new report that states the Worldwide Cloud Security Market will reach $8.9B by 2020.

The report, which is entitled “World Cloud Security, Market Opportunities and Forecasts 2014-2020” says that the cloud security market will grow at a compound adjusted growth rate of 23.5% from 2015 to 2020. While North America will be the global leader, market opportunities in Asia and the Pacific Rim will give rise to the demand for cloud security services.

BYOD and other emerging technologies will be the main driver in businesses wanting to expand their cloud security platforms. Allied says that governments, retail, IT, telecom and others will drive cloud security innovations.

Given the worldwide appetite for cloud, it’s no surprise that cloud security solutions will work in tandem with the emerging cloud application ecosystems. Businesses are tasked with keeping their critical services secure, while simultaneously providing ease of use. This balancing act will fuel cloud security innovations in the coming years. Allied predicts that these companies will become the leaders in cloud security technology:

• Symantec Corporation
• Intel Corporation
• Hewlett Packard (HP) Company
• Cisco Systems, Inc.
• IBM Corporation
• Microsoft Corporation
• Kaspersky Labs
• Dell Inc.

“Favorable regulations and policies along with proactive e-commerce & e-governance initiatives have fostered the growth of the world cloud security market,” says Allied Market Research’s press release on the report.

Read More: http://www.cloudwedge.com/market-research-suggests-world-cloud-security-market-will-reach-8-9b-by-2020-290335/

Hybrid Cloud Industry Overview 2020

The global hybrid market provides features of both private and public cloud computing which gives organizations the flexibility to store their data. Global cloud computing market is expected to grow at a CAGR of 26% with revenue of $38 billion by 2015. Hybrid cloud is projected to have the highest share in the revenue as it provides features of both cloud computing services. The key driver for growth of the market is the ability to use multiple features of public and private cloud resulting in reduction in of deployment cost. For example, an organization can save sensitive client data using the private cloud feature and interlink that data through public cloud for billing purpose.

However, using the public and private features can create networking issues, which is a key restraint for the market growth. The APIs used for hybrid cloud require complex networking that can lead to interruption in data transfer and affect the productivity. Additionally, hybrid cloud increases the dependability on internal IT infrastructure. Cloud service providers are involved in research to overcome this challenge.  Some of the key companies profiled in this report are Amazon Web Services, Akamai Technologies, Cisco Systems, Google Inc., IBM Corp, Hewlett Packet, Dell, Microsoft Corporation, VM Ware, and Yahoo Inc.

KEY BENEFITS

• This report provides market intelligence with respect to type, delivery model, industry vertical and geographies so that companies can make precise decisions about their investment options
• Enable informed decision making process by offering market analysis based on current market situation, expected future trends and market intelligence
• Assess and rank the top factors that are expected to affect the growth of the market
• Value chain analysis provides inputs about the role of the all stakeholders of the market
• Porter’s five force analysis provides the competitive scenario, threat of new entrants and substitutes along with the potency of suppliers and buyers

Read More: https://www.alliedmarketresearch.com/hybrid-cloud-market