The Global Market for Cloud Security Gateways is Projected to Reach US$911.2 Million by 2020

The High Tide of Cloud Driven IT Transformation Spurs the Cloud Security Gateways Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Cloud Security Gateways market. The global market for Cloud Security Gateways is projected to reach US$911.2 million by 2020, driven by the growing adoption of cloud IT strategies and the resulting rise in data leakages and security and privacy issues.

The emergence of cloud computing has unleashed disruptive changes in businesses and their IT departments. The cloud revolution, which began over a decade ago has finally run its course, with virtually every company today being cloud enabled. Cloud computing is helping enterprises make digital disruption their biggest competitive advantage. By enabling a model of a utility computing, the cloud represents the ultimate in disruptive innovation. Cloud-delivered enterprise solutions by offering a simpler, cheaper, and more effective alternative to legacy models of enterprise computing, will be almost a sacrosanct need for companies to survive in the market. However, as companies flock to deploy the cloud in its various flavors – private, public and hybrid, data security and privacy issues are gaining in importance. Key data risks posed by cloud computing include data breaches; data loss; data leakage; cloud service abuse; cloud account and/or service traffic hijacking; insecure interfaces and APIs and the resulting threat to cloud provisioning, management, orchestration, and monitoring; denial of service; threat from malicious insiders; insufficient due diligence; and all the vulnerabilities of shared technology and resources.

The ubiquity of cloud applications and use of mobile devices for accessing corporate data residing in the cloud is forcing companies to re-evaluate their security policies. Data is no longer at rest behind the corporate firewall like in traditional IT, but is rather stored on third party servers, travels across third party networks and finally resides on employee owned mobile devices. The traditional corporate network perimeter security technologies are therefore falling apart creating a strong business case for cloud security gateways (CSGs). The need in the current era of enterprise mobility is to secure data as it moves along the cloud. CSGs are defined as security policy enforcement solutions comprising of single sign on, encryption, tokenization, logging, API control, vormetric encryption and key management, that help protect cloud based resources. CSGs enable data visibility and ensure safe and secure use of cloud based services from managed mobile devices, without the enterprises having to modify and/or compromise on the internal enterprise security policies. CSGs act as a gatekeeper for organizations accessing cloud resources, allowing them to extend the reach of security policies beyond their on-premise infrastructure.

Few of the major factors driving growth in the market include growing cloud IT investments; inadequate security cover provided by cloud service providers (CSPs) and the need to fill the security gaps left open by CSPs for enterprises to resolve; unchecked/ undisclosed government surveillance against the backdrop of increased movement of sensitive corporate data into the cloud; growing diversity in cloud deployment among enterprises and the need to transition to the cloud confidently; and ballooning BYOD trend and the resulting threat of shadow IT.   

As stated by the new market research report on Cloud Security Gateways, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 58.3% over the analysis period, led by factors such as rise in the number of cloud ready Asian countries, spurt in the number of SMBs which are primarily adopters of public cloud services, and strong adoption of cloud IT technologies.

Major players in the market include AT&T Inc., Blue Coat Systems, Inc., Check Point Software Technologies Ltd., CipherCloud, Cisco Systems, Inc., FireLayers, Inc., Fortinet, Inc., Global Velocity, Inc., Huawei Technologies Co., Ltd., ManagedMethods, Inc., Nevales Networks, Perspecsys™ Inc., Sophos Plc, Trend Micro Inc., Trustwave Holdings, Inc., Vormetric, Inc., Wandera, and Websense, Inc., among others.

The research report titled “Cloud Security Gateways: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

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