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/

Cloud Identity and Access Management market to reach $2.8 billion by 2020

A new report by Allied Market Research projects that the global cloud IAM market would garner revenue of $2.8 billion by 2020, registering a CAGR of 26.2% during the forecast period 2015 – 2020.

Multi factor authentication service is expected to witness fastest growth, at a CAGR of 30.5% from 2015 to 2020. North America was the highest revenue generating region in 2014 for cloud IAM, followed by Europe and Asia-Pacific.

Cloud Identity and Access Management (IAM) Market is Expected to Reach $2.8 Billion, Worldwide, By 2020

A new report by Allied Market Research titled, “World Cloud Identity and Access Management (IAM) Market - Opportunities and Forecasts, 2014 - 2020” projects that the global cloud IAM market would garner revenue of $2.8 billion by 2020, registering a CAGR of 26.2% during the forecast period 2015 - 2020.

Multi factor authentication service is expected to witness fastest growth, at a CAGR of 30.5% from 2015 to 2020.  North America was the highest revenue generating region in 2014 for cloud IAM, followed by Europe and Asia-Pacific.

Cloud Identity and Access Management (IAM) Market is Expected to Reach $2.8 Billion, Worldwide, By 2020

A new report by Allied Market Research titled, “World Cloud Identity and Access Management (IAM) Market - Opportunities and Forecasts, 2014 - 2020” projects that the global cloud IAM market would garner revenue of $2.8 billion by 2020, registering a CAGR of 26.2% during the forecast period 2015 - 2020.

Multi factor authentication service is expected to witness fastest growth, at a CAGR of 30.5% from 2015 to 2020.  North America was the highest revenue generating region in 2014 for cloud IAM, followed by Europe and Asia-Pacific.

Identity and access management is a business security framework that manages digital identities, both inside and outside an enterprise. Varied technological environments, increasing cyber-attacks, strict regulatory compliances, and increasing digital identities across organizations are propelling the need of IAM services for information security. Integration of IAM with cloud is gaining popularity owing to its low cost and enhanced security.

The user provisioning service is the largest revenue-generating service of the cloud IAM market, accounting for nearly 40% of the total market revenue in 2014. This segment is expected to maintain its dominance throughout the analysis period.

Among the key end use verticals, IT & telecom was the largest contributor, which accounted for around 25% share in 2014. Stringent government regulations and security standards along with the increasing use of BYOD are the key factors supplementing the adoption of IAM services in IT & telecom sector.

Read More: http://www.thehansindia.com/posts/index/2016-01-08/Cloud-Identity-and-Access-Management-IAM-Market-is-Expected-to-Reach-28-Billion-Worldwide-By-2020-198845

Global Colocation Market is Expected to Reach $51.8 Billion by 2020

According to a new report published by Allied Market Research titled, “World Colocation – Market Opportunities and Forecasts, 2014 – 2020″, the global colocation market is expected to reach $51.8 billion by 2020, registering a CAGR of 12.4% during 2015 – 2020. Global colocation market for energy sector would exhibit highest CAGR of 14.3% during the forecast period.

North America has emerged as the most promising region, exhibiting a huge demand for colocation by adoption in the sectors of banking, telecom and IT sector in order to manage their dedicated data servers. In 2014, the market for colocation in North Americawas valued at $11,779.9 million and would continue to consolidate its market position during the period 2015-2020. Key factors such as shrinking IT budgets and the high cost associated with the development of dedicated data centers would largely drive the market by 2020.

Based on space and power requirements for maintaining the data servers, the market for Colocation services are broadly segmented into two types-retail colocation and wholesale colocation. High demand of capacity requirement ranging from 100KW to 500KW power are driving the market for retail colocation.

Read more : http://www.thehostingnews.com/global-colocation-market-is-expected-to-reach-51-8-billion-by-2020.html